it would buy individual corporate bonds in the secondary market. The news sent the major averages to their session highs.
This latest announcement builds on that program and shows the Fed will continue to support credit markets during the coronavirus.Shares of major tech companies led the way higher for the broader market.
the market will rise. that is clear. only you will get less in the future for your capital. much less.
it's also because no other country in the world is as crazy about stocks as this one. it works differently in other parts of the world. (better)
The FED continued to give us Crony Crapitalism aka Socialism for losses for Billionaires.
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