It's possible that the Federal Reserve's rate policy has made investors oblivious to economic realities that will eventually squelch any rally in the stock market.
Rich Weiss, the chief investment officer for multi-asset strategies at American Century Investment, noted that Fed-induced pandemic recovery is dominating today's investors who are conditioned to the success of dip buying. As much as investors cheer the Fed pivot, the reality is that by the time interest rates are...