The markets have been manipulated since the 2007 financial crisis.
Zero-interest rate policies, quantitative easing, taper tantrums.
Investors don’t know how to function without the Federal Reserve playing games with interest rate yields. Investors think the Fed will always be there to save the day. But they won’t be.
It’s not up to the Fed to save the market every time. But when the Fed does step in and influence the market, investors to expect that intervention every time.
Free markets haven’t been been free. We’ve lived through a decade of manipulated markets. At some point in time, the bill will come due.