KKR's McVey: Market Selling Off in Anticipation of Fed

The video discusses how the market is reacting to the Federal Reserve's actions, particularly in areas of speculation like growth stocks, IPOs, crypto, and SPACs. It highlights the Fed's focus on the mortgage market amidst high housing prices and questions the necessity of their current buying strategy. The video also examines the Fed's balance sheet expansion and its implications in a strong economic environment with vaccines and stable savings.

What does the text suggest about the Fed's balance sheet?

What economic conditions are mentioned in relation to the Fed's actions?