There are clear winners and losers to Federal Reserve's strongly accommodative monetary policy.
According to investor Doug Short, "The past three years have been an exciting time for many professional traders and their seasoned amateur counterparts. And it's been a dream-come-true for institutional HFT (high frequency trading) with computerized algorithms."
But your average—with investments in CDs, Treasury yields, and FDIC insured money markets—have clearly lost out.
What's clear is that during periods of QE or varous forms of easing (shaded in green) equities have done quite well.
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