Jeffrey Gundlach: “I am told the Fed has not actually bought any Corporate Bonds”

“I am told the Fed has not actually bought any Corporate Bonds via the shell company set up to circumvent the restrictions of the Federal Reserve Act of 1913. Must be the most effective jawboning success in Fed history if that is true.” – Jeffrey Gundlach

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Once this is more widely reported expect it to affect the stock market. Maybe the Fed is just waiting to step in once there is more volatility? Who knows.

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Perhaps this is one of the reason why there has been some market activity. After all JNK is down over 2% today.

 

AC