Minerd Says He's Never Seen Markets So 'All-In' on the Fed

The transcript discusses the Federal Reserve's extensive intervention in the market, including buying Treasurys and other assets to maintain market stability. It questions whether markets can still signal effectively when the Fed is heavily involved. The Fed's influence on interest rates, credit spreads, and its reaction to economic events like the virus and legislation are highlighted as key factors in market dynamics.

Discuss the significance of credit spreads in the context of Federal Reserve actions.

What does it mean for the Federal Reserve to be 'all in'?