Today is Fed Day

Today is Fed day. At 12:30, the Federal Reserve will release its latest policy statement. I don’t expect any major change, but traders will closely scrutinize today’s statement for any hint of more quantitative easing. I’m not holding my breath.

Our Buy List continues to do well. Reynolds American ($RAI) is at another new high. After the close, Bed Bath & Beyond ($BBBY) will report its earnings. I’m expecting good news.

The market has an odd wait-and-see attitude today. Stocks aren’t doing much of anything.

Posted by on June 20th, 2012 at 11:09 am


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