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.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles