Louis Navellier examines the Fed's effort to find ways to wind down its quantitative easing policies.
"The S&P 500 gained another 1.2% last week, reaching a new all-time high of 1633.70. The Dow and Russell 2000 also hit record highs. With over 87% of S&P 500 companies reporting first quarter results, two-thirds (67%) exceeded analysts’ earnings estimates, but only 47% beat sales estimates. After this somewhat disappointing result, Wall Street will now begin to look forward to a hopefully more robust second-quarter sales and earnings season, resulting from improving economic growth this quarter."