SCOREBOARD: Taper torn

Fed Chairman Ben Bernanke's QE taper talk spooked global markets, despite a string of positive US data.

It's sessions like we’ve seen over the last 24 hours where you really have to wonder about the sanity of the ‘talent’ that controls our investment dollars – cocaine frying their brains. Okay, that’s harsh – it’s all algorithms and stuff, I realise. But the moves are odd as it looks like a terrifying fear that the US economy is looking better than expected has gripped the market! Stronger growth, more employment, higher earnings – yep, very scary indeed.

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Adam Carr

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