Raymond Merriman's Weekly Preview

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Posted by in Raymond Merriman's Weekly Preview on September 23, 2017 .

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The Fed announced Wednesday that it will let a small portion of its $4.5 trillion balance sheet mature without being replaced, starting in October with reductions of $10 billion a month and gradually rising over the next year to $50 billion a month… The central bank left its key short-term rate unchanged, but hinted at one more rate increase this year… Stocks turned lower after the Federal...

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Due to the fact that we are immersed in a major relocation from our Michigan home and office to our new office (and new home) in Scottsdale, Arizona that will completed early next week, there will be no weekly column this week.

 

Any book fulfillment orders may be delayed up to one week during this time. However, we will process all orders for subscription services and pre-orders for the Forecast 2018 Book,...

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Retail gasoline prices surged 25 cents in the week ending Sept. 5, the biggest gain since 2005's Hurricane Katrina. – Jeff Cox, www.cnbc.com, September 8, 2017

At least 32 people were killed after a massive 8.1 magnitude earthquake late Thursday. The quake, one of the biggest recorded in Mexico, struck off the country's southern coast. Mexico's President Enrique Pena Nieto said in a press...

 

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U.S. markets will be closed Monday, September 4, in observance of Labor Day.

 

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The U.S. economy added 156,000 jobs in August. Economists polled by Reuters expected 180,000 jobs to have been added last month. In addition to missing estimates, previous months' job totals also were cut. June was revised down from 231,000 to 210,000 while July fell from the initially reported 209,000 to...

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On Sept. 3, 1929, the Dow Jones Industrial Average swelled to a record high of 381.17, reaching the end of an eight-year growth period during which its value ballooned by a factor of six. That was before the bubble began to burst in a series of “days”: Black Thursday, October 24, when the market dropped by 11 percent, followed four days later by Black Monday, when it fell another 13 percent;...

Posted by in Raymond Merriman's Weekly Preview on August 18, 2017 .

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I am in Cuba today, as one of three stops on a five-day cruise I am on, as part of a Strategic Planning week for the ISAR Board of Directors. ISAR stands for the International Society for Astrological Research, a non-profit organization with VP’s and astrological schools representing over 25 countries in the world who seek to upgrade the profession of astrology, and its value to societies everywhere,...

 

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“Long-term cycles in USA stocks are still in their bullish phase as we enter 2017. Therefore, we still expect new all-time highs. Our price target for an all-time high would be anywhere between 19,500-23,500 in 2017. There are a couple of time frames that could be extremely volatile (big reversals begin). These include February 22-April 21, May 19-June 16, July 17-August 25 …” Forecast...

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The U.S. economy added 209,000 net new jobs in July, beating expectations for 183,000 jobs. The unemployment rate ticked down slightly to 4.3% from 4.4%, while the labor force participation rate edged up to 62.9% from 62.8% during the month. Average hourly earnings meanwhile increased by 9 cents… over one million jobs have been created since President Trump took office, as tracked by the Bureau...