The Fed is Fully Redundant now Any signal value from Fed is gone because they are trapped into endless printing now
The fed is powerless now. They lack the capability for two way interaction with markets . It’s full stimulus or fail . They are redundant . Market will crash eventually despite their undirectional policy . When Vix moves .. it moves fast and far . In 10 days Goldman and citadel took Uvxy from 10 to over 100 . It could happen again in 2 weeks time if Fed is seen for what they are : useless eaters that are trapped to print .