The bulls pushed new highs on the S&P 500 but the Dow, Nasdaq and Russell 2000 came up just short as the bears got back on track to win the week. There was a tight trading range up until the FOMC Minutes midweek and the rhetoric in the Fed’s statements seemed to support more quantitative easing (QE) sooner rather than later. However, weak economic news and another round of missed earnings expectations have caused a pause at the top as the bears got their first weekly win in six weeks. (continued…)
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