Supporting the S&P 500 is becoming central to Fed’s effort to prop up the economy, not because a fall in the market signals a recession is coming, but because it is the recession. This isn’t what we’re taught in Economics 101 and frankly it isn’t how most economists understand the market, Kevin Coldiron explains the idea.
Read the Forbes Article: https://www.forbes.com/sites/kevincoldiron/2020/07/18/the-fed-is-going-to-buy-stocks/#2bb6980aeb49
