The Fed & the FAANGMs That Ate the Market

(1) Crossing red lines. (2) Powell chooses to leap first, look later. (3) Fed starts buying bonds of corporations that don’t need help. (4) No Asset Left Behind: How the Fed’s bond buying boosts stock prices and P/Es. (5) Saving fallen angels before they turn into zombies. (6) Dalio’s complaint. (7) Central bankers’ firehoses still pouring lots of liquidity even though the fire sales are over. (8) Fair-value P/E: 15 or 30? (9) Yield Curve Targets. (10) The Magnificent Six viral stocks: expensive for a reason. (11) FAANGMs are dominating all the major investment-style categories. (12) Movie review: “Chernobyl” (+ + +).