Unfortunately, Janet Yellen and the current Fed are losing all sorts of credibility. I have not felt such disdain for the Federal Reserve in my whole professional career.
Jared Dillian made the point this morning that guessing what central bankers will do is much easier than guessing what stocks will do, and considering how much influence the central bankers have, it's actually easier to make money. How to do it? Subscribe to his newsletter of course.