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Will taper derail the rally?

Tuesday, 30 Jul 2013 | 12:00 PM ET

The Fast Money Halftime Report traders look at where volatility has gone this month. And CNBC's Steve Liesman weighs in on whether the Fed's taper will ignite market volatility. Also Tobias Levkovich of Citigroup has a year-end price target on the S&P of 1,615. "People are chasing the tape," he says.