The bottom line in the debate over the Fed's QE moves is that investors don't have the January jitters this year, hedge fund manager Dinakar Singh told CNBC on Thursday.
"At least people aren't nervous about an immediate shock tomorrow," the TPG-Axon Capital founder and CEO said in a "Squawk Box" interview. "For the first time in a bunch of years, we start in January without people nervous about a shock someplace."
Singh was reluctant to handicap the Fed's next move, now that policymakers have started to taper by $10 billion their quantitative easing bond purchases to $75 billion a month. He likened scaling back QE to "trying to figure out a dose to give a patient by observation." Dial back the stimulus dose and see what happens, he said.