Citi On Taper: When It Actually Happens, It May Be Yesterday’s News

Markets remain agog with the possibility of the Fed announcing the much maligned ‘taper’ as early as this December.

Consider this: On Monday the ISM Manufacturing Index for November came in at 57.3 instead of the consensus estimate of 55.1. Thursday, annualized GDP growth for the third quarter printed at 3.6%, handily beating analysts’ forecasts of 3.1%.  This morning, Non-Farm Payroll data for November showed 203K . . .

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