FYI: One of the worst parts about investing for those who go through years of school to learn about finance and economics is that the real world rarely plays out like the textbook theories say. The human element often invalidates studies or theories that take place in a vacuum. The following is a piece I wrote for Bloomberg about how the financial markets tend to defy Fed policy and interest rate norms.
Regards,
Ted
http://awealthofcommonsense.com/2017/05/when-markets-defy-the-fed/
