That’s what I thought. If banks and money market funds are paying lower interest rates to account holders, won’t account holders tend to move their money into equities for higher returns?
Looks like Citizens Watch Report is a dud website, but somehow their stupid and vacuous content gets posted at FR.
I’m think it has more to do with companies needing low interest rates to fund operations and develop new products. Growth companies need low rates for years as they grow to profitability. High rates stunt growth. Individual and retail investors have little to no effect on the market. Institutional investors move markets.
That’s part of it, the other part is that lower interest rates stimulate the economy.
More people can afford car payments, mortgages, etc.