Raymond Merriman's Weekly Preview

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MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING DECEMBER 7, 2015 ©

 

REVIEW AND PREVIEW

 

            World equity markets were very volatile last week. The ECB did not bring down their negative interest rate enough for investors on Thursday. They went from -0.2 to -0.3%, and  not the -0.4% investors were expecting, causing stock prices to fall hard, and the Euro currency to soar to its greatest one-day gain in 7 years. The Dow Jones Industrial Average, for example, fell a whopping 252 points that day. The Euro currency exploded from an 8-month low of 1.0538 to a high that day of 1.0980.  The U.S. Dollar and Treasuries...

MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING NOVEMBER 30, 2015 ©

 

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            Due to Monday’s printing deadline for the Forecast 2016 Book, this week’s column will be brief. It will include the introduction to next year’s Forecasts.

            In financial markets last week, the biggest news was the continued strength of the U.S. Dollar, which is also highlighted in the Forecast 2016 Book. The Dollar rallied to 100.20 on Friday, November 27, where it is re-testing the yearly high of 100.39 made on March 13 as the seventh and final Uranus/Pluto waxing square was unfolding. That was its highest...

MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING NOVEMBER 23, 2015 ©

 

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            The first correction in almost two months has ended. Stock indices continued their 2-week plunge into Monday, November 16, and then reversed right back up by the end of last week. The Dow Jones Industrial Average, for example, fell from a high of 17,977 on November 3, to a low of 17,210 on Monday, November 16. By Friday, they traded as high as 17,914 intraday. This is typical of market behavior after a long-term low has formed, and the low of August 24 at 15,370 still looks very much like a 4-year cycle trough.

           ...

 

MMA FREE WEEKLY COMMENTS FOR THE WEEK BEGINNING NOVEMBER 16, 2015 ©

 

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            As I am about to send this out, a terrorist attack in Paris is just being announced. Tragic and ironic, after just completing the longer-term thoughts contained at the end of this week’s column.

            The first correction in almost two months has begun. With the exception of China and Argentina, world stock indices were down last week, some rather sharply, such as in the United States. The concern about the Fed hiking its interest rates in December started to weigh heavily on investors last week, following the...

MMA FREE WEEKLY COMMENTS FOR THE WEEK BEGINNING NOVEMBER 9, 2015 ©

 

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            “Friday's nonfarm payrolls report, which showed the economy created 271,000 new jobs in October while the unemployment rate fell to 5.0 percent, fueled what has been a dramatic turnaround in expectations for monetary policy… Traders now are pricing in a 70 percent chance of the first rate hike in more than nine years at the Dec. 15-16 Federal Open Market Committee meeting. Just a month ago, the probability was barely 5 percent…” Jeff Cox, “Blowout Jobs Report Puts Ball Back in Fed’s Court,” CNBC.com, November 6,...

 

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FOR THE WEEK BEGINNING NOVEMBER 2, 2015 ©

 

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            Federal Reserve officials explicitly said they might raise short-term interest rates in December… While the Fed kept rates steady after its two-day meeting this week, investors appeared to welcome a vote of confidence in the economy from the central bank.” – Jon Helsenrath, “Fed Keeps December Hike in Play,” Wall Street Journal. October 29, 2016.

            On Monday, November 2, Venus will conjunct Mars and thus end one of the longest time bands of geocosmic signatures of this year that started on...

MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING OCTOBER 26, 2015 ©

 

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            ECB Chief Mario Draghi said Thursday that “monetary policy accommodation will need to be re-examined at our December policy meeting.” Tommy Stubbington and Christopher Whitteall, “Hopes for European Easing Lift Stocks,” Wall Street Journal, October 23, 2015.

            World equity markets were up sharply again last week on the hint that the ECB (European Central Bank) will initiate EU stimulus measures, like a new round of quantitative easing. It is the ECB’s hope to avoid deflation and instead boost inflation...

REVIEW AND PREVIEW

            World equity markets were mostly up again last week as Mercury ended its retrograde period and resumed its direct motion. Many of these indices soared to their highest levels since August 18-19, just before the collapse into the long-term cycle lows of August 24-26, MMA’s last three-star geocosmic critical reversal date. However, not all stock indices made new monthly highs. Some could not take out their highs of the prior week.

            In the USA, both the Dow Jones Industrial Average and the S&P futures rallied all week to their highest level since August 20. However, the NASDAQ Composite,...