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Minyanville's T3 Morning Market Call: Market Continues to Hold Up Despite Apple Weakness
Futures are up a few handles this morning after House Speaker John Boehner’s new offer to allow the Bush tax cuts rates to expire on incomes north of $1 million which brings the total revenue offer from Boehner up from the existing ~$800 billion over 10 years to closer to $1 trillion. The two sides have another two weeks to negotiate and some are now talking about a “two bill strategy.” There has been lots of choppy action since last Wednesday’s “push through failure” or “outside day.” The S&P hit a high of about 1438 and closed around 1428 ...
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