Fed tightening bodes well for CRHThe Fed has to restrict money flow that was released into the economy during the post recession years of 2008, by Bernaki and Yellen. The Treasury bills sold during those years must be bought back by the Fed in order to balance its books. This implies that these bonds or Treasuries must become cheap enough for the Fed to buy them back. That is why the Fed is tightening, i.e., raising the interest rates to make these bonds cheap enough and buy them back. But by tightening he depresses the commodities and raising the US dollar, something which goes against the interests of multinationals that operate outside the US due to strong dollar and weak Euro or other currencies. The only stocks which are protected from this exchange loss, are the domestic companies like CRH whose price is not affected by the money exchange gyrations. At the same time, since commodities are squeezed and their value goes down, money moves to other sectors like health care, utilities and value stocks. CRH will benefit from these moves.