Taper or no taper

Reuters did a small survey of 17 traders on what the ECB will do when its bond buying program runs out in March.

Of the 17 traders, 11 believe the ECB will end purchases in March and won't add any more stimulus in 2017.

That's in vast contrast to economists who almost universally believe the ECB is going to extend QE in March.

Last week, I wrote about the difficulty in understanding what is priced in for the ECB and this muddies the waters further.