Here is a simple (albeit partial) way to illustrate why, when it comes to the perspective of a growing number of investors and traders, I worry about the evolution of the relationship between the Federal Reserve and markets in recent years: -- The long-standing market mantra of "don't fight the Fed" has become "follow or, even better, front-run and lead the Fed;" and -- "The market is not the economy" is evolving to "the market is the Fed." #markets #economy #Fed #federalreserve …see more