Do higher stock and house prices produce higher growth as the Fed believes? If so, not much, if any. This explains the poor forecasting by the Fed and why it may be a good idea once again to prepare for a different outcome than the Fed forecasts.
https://ify.valuewalk.com/wp-content/uploads/2014/04/HIM2014Q1NP.pdf

Broken Money, Broken Markets
Today’s new highs are increasingly mechanical, not fundamental — and in a broken market, your 401(k) is the exit liquidity.

