The stock market is “rigged,” but that’s not necessarily a bad thing, strategist Ed Yardeni said Thursday, a day after the latest dovish signal from the Federal Reserve.
“I love these central bankers, they’ve been very good to the stock market,” the president of Yardeni Research said in an interview on CNBC’s “Halftime Report.”
“This is not about investing, this is all about the central bankers,” he added. “These markets are all rigged, and I don’t say that critically, I just say that factually.”
Yardeni said the Fed’s actions amount to an increased focus on asset prices that make the market prone to financial bubbles.
Full article: Yardeni: Markets all rigged, it is what it is (CNBC)