DislikedWhatever a CB does, it distorts a market and makes it's correction all that much more traumatic when they no longer can or will continue their action.
Now the "Bernanke put" is gone, in the stock market's mindset, and it could likely get pretty bad. But a put has been granted to the long bond market, which means that now it continues to rise without let up. The US is headed for, or arrived at, negative real rates.
Meanwhile, collateral damage will be everywhere: Asia, Europe.
Time to read the news. I'll bet there's sticky white stuff...Ignored
Too much put noise is still present in the released numbers here and there... which gives us the nice squeeze...
Boys glue and much more....