Raymond Merriman's Weekly Preview

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

 

REVIEW AND PREVIEW

            “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,...

 

MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING NOVEMBER 2, 2015 ©

 

REVIEW AND PREVIEW

            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 ©

 

REVIEW AND PREVIEW

            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,...

MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING OCTOBER 12, 2015 ©

 

REVIEW AND PREVIEW

     “Gold rose to a seven-week high on Friday after minutes from the Federal Reserve's last policy meeting showed the U.S. central bank was in no hurry to raise interest rates, pressuring the U.S. dollar.” Reuters, October 9, 2015.        

     It was a very good week for stocks and commodities worldwide. Both seemed to react positively to IMF chief Christine Lagarde’s statement that the IMF’s global growth targets are at risk (they may have to lower their forecast again), as well as last week’s disappointing job gains...

REVIEW AND PREVIEW

            “Federal Reserve Chairwoman Janet Yellen argues the case for raising short-term interest rates later this year, effectively lobbying a warning to skittish financial markets that last week’s decision to keep rates near zero wasn’t a shift toward an interminable delay of liftoff.” – Jon Hilsenrath and Ben Leubsdorf, “Yellen Expects Rate Hike This Year,” Wall Street Journal, September 25, 2015.

            This Mercury retrograde (September 17-October 9) is showcasing the “Trickster’s” capacity for sudden changes, surprising announcements, and erratic behavior on the part of both...

MMA FREE WEEKLY COMMENTS

FOR THE WEEK BEGINNING AUGUST 31, 2015 ©

 

REVIEW AND PREVIEW

            Our August 26 three-star geocosmic critical reversal date was right on target last week, as several global indices bottomed at their lowest levels in months, and even years, Monday-Wednesday.  By Friday, most had made very substantial rallies that also surprised traders almost as much as the decline did.

            In Asia and the Pacific Rim, the biggest story continued to be in China, where the Shanghai Index dropped to a low of 2850 right on August 26, an incredible 45% decline from its high that was achieved just two...

REVIEW AND PREVIEW

            This Venus retrograde period is finding world equity markets quite undecided. In China and Japan, for instance, equity prices have been moving higher. The Japanese Nikkei tested its highest level since 1996 again on Tuesday, August 11, but then pulled back into the end of the week. Hong Kong’s Hang Seng made a new monthly low and the Australian All Ordinaries fell to a new 6-month low. India’s stock exchanges were relatively quiet. So we have bullish, bearish, and neutral in Asia and the Pacific Rim for last week, a perfect example of the uncertainty nature of Venus. Should I stay or should I go?...