Louis Navellier comments on the recent Federal Reserve comments that quantitative easing currently in place may end soon.
"The S&P 500 rose 2.07% last week, reaching another all-time high (1667). There was only one down day, Thursday, when it seemed like the Fed might decide to end quantitative easing (QE) earlier than expected, but the bulk of last week’s economic news supported continuing economic growth and a bullish outlook for second-quarter GDP and corporate earnings. Still, the overall stock market seems to be looking for an excuse to correct, particularly if the Fed decides to scale back QE sometime this summer."