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Happy Wednesday everyone! Good econ news yesterday w/ housing and inflation, today we only got a mortgage index, crude inventories, and some Fed minutes. Market reaction was flat for metals and up for stocks in tepid volume (warning sign). Futures today point to more flat metals and early profit taking in stocks; we'll see by today's volume how the greater consensus views this rally's lifespan. Eye-catching headlines:

Reuters Global stocks halt rally, BoE jolts UK markets World stocks mostly halted their recent rally on Wednesday before the latest policy signal from the U.S. Sterling jumped after the BoE minutes showed two of the nine policymakers unexpectedly voted to raise rates, while record-low money-market rates in the euro zone took the euro to its weakest against the dollar in almost a year. "This has lowered the bar for an increase in interest rates this year."
How Does High Frequency Trading Affect Small Investors? - Various, WSJ
Lots of Job Churning, Very Little Job Creation - Edward Lazear, Investor's
Economic Freedom and a Healthier Middle East Allen W. Dowd It’s going to take time for the old order of strongmen and the sword to give way to a new order of political pluralism and economic freedom. More
Carney Loses Rates Consensus as Bank of England Splits Bloomberg - 2 hours ago Bank of England Governor Mark Carney lost his consensus on interest rates this month as two policy makers broke ranks and voted for higher borrowing costs.
How much higher can Apple's stock go? CBS News - an hour ago Apple (AAPL) shares are a whisper away from their all-time intraday high of $100.72. And while that doesn't sound like a lot, remember that the stock went through a 7-for-1 split in June.
Here's how much $100 is worth in your state A new map released by the Tax Foundation shows exactly how far $100 would go in all 50 states. Yahoo Finance [see the next post]