Little-changed moments ago, stocks head lower as the Atlanta Fed's Dennis Lockhart says the taper is on the table in December and at all future meetings. He calls QE a booster rocket, not permanent.
Of last week's big jobs report, he calls it a nice report, but not decisive.
Throwing a bone to the doves, Lockhart also hints at a change in the mix of tools - implying maybe easier forward guidance (perhaps lowering the UE threshold to 6%) to go along with the taper.
The S&P 500 (SPY -0.3%) slips, as do Treasury prices, the 10-year yield up 3 bps to 2.78%.
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