Fed up with the Fed

Can I see a show of hands of those who believe the Federal Reserve is your friend? Anyone not at least modestly invested in the stock market put your hands down. That’s because investors are the only people benefiting from the Fed’s insistence on continuing to flood the system with money. The benefit to the stock market is not trivial nor is it necessarily a negative. The problem is that QE (quantitative easing) infinity has a material impact on commodity prices.