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BAML: The Fed is doing something not seen since the 1987 market crash — and that could mean more pain for stocks

“The US stock market is in serious trouble, and the Federal Reserve isn’t helping matters” writes Joe Ciolli for Bank of America Merrill Lynch pointed out that policy action from the Fed helped slow late-cycle market corrections in 1987, 1998, and 2016.As such, those activities are putting more stress on an equity market that’s fresh off a whopping 1,000-point decline in the Dow Jones industrial average and headed for its worst week since 2011.

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