| Don't fight the Fed. Most investors are familiar with that well-worn mantra, which cautions against making investment decisions that go against whatever policy the Federal Reserve is currently pursuing, whether that is loosening financial conditions to stimulate economic activity or tightening them to put a brake on it. And historically that noncombative advice has been wise - as the Fed is enormously powerful, both domestically and internationally. It has access to effective tools and essentially unlimited funds to pursue its objectives (the Fed can create money with a mere keystroke - no actual printing of currency is necessary). That means that it's unwise to be too bullish when the Fed is hiking its target interest rate... or too bearish when the Fed is cutting that rate. Right now, however, investors might consider forgetting about the Fed for a bit. Why? | 
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