US equities are down today on renewed concerns over Fed tapering next month

Jay Soloff

US equities are down today on renewed concerns over Fed tapering next month. The major indices are down from a quarter to a half percent as recent economic data has been better than expected. The big blow was last Friday's jobs report, but other economic news has been positive as well. In fact, the Chicago Fed National Activity Index improved from -0.15 to -0.03, the highest level since February. The index is a benchmark based on 85 indicators and as long as the value is above -0.70, the risk of recession is low. Here's a link to the actual report: (VIEW LINK) US markets are once again reacting in backwards mode. That is, good news is bad and bad news is good - all because of Fed tapering. At some point, good economics news will be good again - but when remains a mystery.


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