The end of the QE Infinity Rally that began on Thanksgiving is now officially over. Stephen Suttmeier (BofA Merrill’s technician) weighs in on the S&P’s broken uptrend and lays out some important support and resistance levels to be aware of in the short- to intermediate-term… The bulls made a stand early last week, but the…

  Cartoon by Harley Schwadron 

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Is stock market punditry basically a high class form of astrology? Monty Pelerin thinks so. Well, considering that we can’t even be sure of how history happened, it’s tough to make the case that we can truly use it to predict future events… From Economic Noise: History is a summary of what historians consider relevant….

The chart above depicts the spike in seven-day “Shibor” lending rates (via Quartz) Below is a quote from Barron’s this weekend: “I would say that China is now roughly at the stage [of indiscriminate credit growth] the U.S. was in March 2008, when Bear Stearns had to be rescued and the subprime market was unraveling…What…

Here’s Eric Peters from his Weekend Notes newsletter: “There’s usually one time per year when everything goes wrong at once.” The S&P 500 topped at 1669 on May 21, and is now down 4.6%, while gold is -7.1% and 10yr yields are +57bps. “This is what happens after a Fed Chairman signals that you can buy any asset…

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Yesterday was the first day of summer and the longest, by daylight, of the entire year. It also shattered another record… The most interesting factoid about yesterday’s action happened in the trading volume data on the Big Board: The NYSE Composite hit 5,506,542,303 (That’s 5.5 billion) shares traded. This is the highest volume day since November…