For those who think the Fed is going to “save stocks” think again.
As I repeatedly have warned throughout 2018, the Fed is FAR more concerned about BONDS, than stocks.
When stocks collapse, investors lose money.
When bonds collapse, entire countries go broke.
With that in mind, once the US bond market began to collapse, pushing yields above their long-term trendline, it became apparent that the Fed would “sacrifice stocks to save bonds.”