New All-Time Intra-Day High

Here are a few items I wanted to highlight this morning.

Despite the resurgence of fear in the media recently, the stock market continues to do well. The S&P 500 has jumped up to another all-time high this morning. In fact, the index finally took out its intra-day high of 1,576.09 from October 11, 2007. Today’s high was (so far) 1,576.10.

The Federal Reserve accidentally emailed out its Fed minutes five hours early. The minutes are starting to get more coverage in the media since traders are looking for any clue that QE is coming to an end. For now, I think they’re misinterpreting rather pedestrian comments as firm policy positions. QE isn’t coming to an end but it’s very reasonable for the Fed officials to discuss when that ought to happen.

Bed Bath & Beyond ($BBBY) will release its fourth-quarter earnings today. In last week’s CWS Market Review, I said that it would be out on Monday. My apologies for the error. This report will cover the important holiday season for BBBY.

Microsoft ($MSFT) has come to life recently. The shares are close to breaking above $30 per share. The company is joining other tech outfits in complaining to the EU that Android is a below-cost competitor.

The Ford Focus was named the best-selling car in the world. Last year, Ford ($F) sold just over 1 million units, up 16% from 2011.

Posted by on April 10th, 2013 at 9:43 am


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