April 3rd, 2012 Market Recap with FOMC Minutes and Apple Update

The market lost ground throughout the afternoon but rose into the close to finish with minimal losses. Despite mixed media reactions regarding the FOMC minutes, when Operation Twist ends in June there will most certainly be something ready to replace it. The stimulus train will roll forth.

ZeroHedge cited Goldman Sachs today putting it best, “BOTTOM LINE: March FOMC minutes make easing at April meeting unlikely without substantial deterioration in the outlook. However, an announcement of additional asset purchases remains our baseline, with June the most likely timing at this point.

A look at the intraday action from my thinkorswim screen,

Updated market charts below alongside an updated look at Apple (AAPL) which today had yet another strong session, closing at fresh all-time highs just under $630 per share. See you back here tomorrow!

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