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.
Foran Mining (CVE:FOM) Share Price Passes Below 50-Day Moving Average of
$3.23
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Foran Mining Co. (CVE:FOM – Get Free Report) shares crossed below its
50-day moving average during trading on Monday . The stock has a 50-day
moving averag...
7 minutes ago