So, exactly “when” are Fed actions are “not bullish?” I would suggest now. As I noted in this past weekend’s missive:
“Lower rates have less impact on the ‘economy,’when the monetary transmission system is weak. This is evident from the fact that surging asset prices have left 80% of the population behind in terms of higher levels of prosperity. This also is why tax cuts failed to work as intended. After a decade of low rates, and excess liquidity, the ability to ‘pull-forward’ demand has become limited.”
https://realinvestmentadvice.com/no-matter-what-the-fed-does-its-bullish/
