Investors won’t be bothered by a Fed taper even if it starts this month, and they’re optimistic about 2014 for stocks, JPMorgan’s chief U.S. equity strategist told CNBC on Monday.
Good news on November jobs turned out to be good news for stocks on Friday as the Dow Jones Industrial Average and the S&P 500 Index powered higher and closed above their psychologically important levels of 16,000 and 1,800, respectively. But they still did have a losing week for the first time in nine weeks.
In a “Squawk Box” interview, JPM’s Thomas Lee said Friday’s jobs numbers increased the probability that the Federal Reserve could start tapering its $85 billion monthly quantitative easing bond purchases at its meeting next week.
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