Equity markets appear wholly dissatisfied with this morning’s ‘good’ news and are unsure whether this taper-on data is confidence-inspiring or liquidty-sapping. The ADP print appears to confirm a hgher probability of another $10 billion taper. Bond yields jumped higher, the USD jumped higher, gold dropped, and stocks are limping to the day’s lows…
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/6O4OHBRMdQM/story01.htm Tyler Durden