Not long ago the Bernanke (DEF) put was in full force. It meant that if the economic news was bad the FED would cut interest rates and bail the market Out. If the economic news was good then stocks would go up on the good news. Fast forward to today and we have the first FED hike and the FED put is slowly but surely getting reversed with the FED funds rate still close to record lows. This is bad news for risk assets globally as the FED is now surely powerless to support asset prices with their monetary policy.
Real Madrid’s Ancelotti Praises FC Barcelona Youngsters Ahead Of El Clasico
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Real Madrid coach Carlo Ancelotti praised FC Barcelona teenage prodigies
Lamine Yamal and Pau Cubarsi ahead of El Clasico between the two arch
rivals.
4 minutes ago