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The Shanghai has put in its best two day performance since September ’09, rising 5.8 percent. After its post crash peak in August 2009, Chinese stocks have fallen almost 40 percent before hitting their lows last Friday.

Tough to bet on a triple top here. Looks like 82.60 is the next key level, which is the .618 fib retracement of the June 7, 2010/May 2, 2011 move.

The Shanghai has turned down this evening after opening up and looks to continue the downtrend. That is one ugly chart. Meanwhile, the S&P500 looks like it really wants to resolve its wedge formation to the upside. After a year of head…

A visual representation of how stocks in the S&P 500 fared in 2011 with Green for gains and red for losses

A visual representation of how stocks in the S&P 500 fared in 2011 with Green for gains and red for losses

Wow! Who would of thunk it. The Dow the only major global equity index positive for the year. U.S. Treasuries up 15-20 percent, the dollar index (Dixe) positive; Brazil and Chinese equities down 20 percent and India down almost 25…

Great piece from our friends at Al Jazeera. Looks like the military is no longer going to be the “employer of last resort.” Future veterans are going to highly trained in the cutting edge technology that will shape the next hundred years.…

This morning’s swan dive in the euro stopped the Santa rally right in its tracks. We have two questions: 1) Has the ECB shot its wad as the lender of last resort providing massive liquidity to the banking system and leaving little…

In the ongoing series of posts on technology's threat to existing labor roles, Global Macro Monitor highlights this video on robot farmers.

Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost.