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.
Illinois Tool Works Inc. (NYSE:ITW) Stake Reduced by OLD National Bancorp IN
-
OLD National Bancorp IN cut its holdings in Illinois Tool Works Inc.
(NYSE:ITW – Free Report) by 8.8% during the 4th quarter, according to the
company in i...
2 minutes ago