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Minyanville's T3 Morning Market Call: Could Fed Minutes Rain on Market Parade?
US stock futures are near the flat line Wednesday morning after the S&P (INDEXSP:.INX) extended to new 52-week highs again yesterday. Traders will be watching the latest Fed minutes today which will be released at 2:00 p.m. ET for clues about the pace of purchase by the Fed in 2013. Some believe that with the S&P only a stone's throw away from all-time highs the FOMC may start to reign in its QE asset purchasing program but with employment data still lagging and inflation under control it's hard to believe the Fed will take its foot off the gas. ...
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