Macro Morning (bear market)

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By Chris Becker

The Greek debt impasse remains stuck as the writing is on the wall for US stocks to continue their slide out of a secular bull market and into – at best – a sideways dance in the Northern Hemisphere summer as almost all are betting the Fed will raise rates in a few months time. European stocks slid on no deal from the Greek creditors, who are increasingly fed up with actually dealing with the problem they created. The master plan from Greece remains in play….

The Shanghai Composite paused yesterday on the modest CPI/PPI print, losing a few points but remaining well on track as the bubble steps up another gear.

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