Raymond Merriman's Weekly Preview

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Note 2: There will be no column next week, as I will be preparing for the MMA Webinar on our “Mid-Year Outlook for Financial Markets and World Conditions.” I will cover my outlook for that week, and the rest of the year,...

 

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REVIEW AND PREVIEW   

 

The “Sell in May and go away” mantra appeared prevalent in world equity markets last week. Of course, the exodus from stocks was further fueled by a chorus of Federal Reserve Board governors suggesting that a rate hike in June is a possibility. We would also like to remind readers that Mercury and Mars and still retrograde, and the mutable T-square between Jupiter, Saturn,...

 

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REVIEW AND PREVIEW   

 

It was another typical Mercury retrograde week. Most equity indices were modestly up early in the week, peaking around the midpoint of the Mercury retrograde of May 10 and then declining into the end of the week. For most, it was an inside week – the high and low were between the prior week’s high and low, which is typical of the latter half of Mercury retrograde (low volatility). However, there were exceptions, such as in Australia, where the ASX index soared to its highest level in 9 months....

 

REVIEW AND PREVIEW     

 

“Donald Trump said Tuesday he would ‘most likely’ replace Federal Reserve Board Chairwoman Janet Yellen if elected.” – David Harrison, “Trump: I’d Likely Seek New Fed Chief,” Wall Street Journal, May 6, 2016.

“If you think the battle between Hillary Clinton and Donald Trump could be nasty, just wait until he starts on Janet Yellen with her natal full moon falling opposite his natal Mars on his Ascendant.” Our second YouTube interview on “The Incredible Spring Lineup of Geocosmic Signatures,” at //https://youtu.be/JTCO9JlCnB8, March 25, 2016.

 

World equity markets...

 

REVIEW AND PREVIEW     

 

            “In any great organization it is far, far safer to be wrong with the majority than to be right alone” – John Kenneth Galbraith, economist and diplomat (1908-2006) quoted in Arizona Republic, April 2, 2016

 

            Here comes the trickster at his most mischievous expression. Mercury turned retrograde on April 28, and right on cue, the Bank of Japan (BOJ) surprised the financial world by not lowering rates. On that announcement, the Japanese Nikkei stock index fell from a daily high of 17,572 to 16,652, before closing at 16,666 just before beginning its long holiday. The...

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            “Mr. Draghi said the ECB was ready to take fresh action if needed, and that all policy tools were on the table – including deeper interest rate cuts, which he had all but ruled out last month.” – Tom Fairless, “ECB Reopens Door to Further Cuts,” Wall Street Journal, April 22, 2016.

 

            In the continuing Saturn square Neptune saga of “You cannot believe what you read, hear, or see,” the ECB (European Central Bank) now joins the FRB (Federal Reserve Board) for yet another reversal from their so-called “policy statements” made just a few weeks earlier.  It is...

 

 

REVIEW AND PREVIEW     

 

        It was another intriguing week for world financial markets, following the new moon conjunct Uranus of the prior week. The erratic back and forth effects of Uranus continued into early last week, but then as the influence of Uranus began to wane, many world equity markets took off – but not all of them.

        In the United States, the Dow Jones Industrial Average reached 17,962 on Thursday April 14, very close to its previous primary cycle crest of 17,977 on November 3. Breaking that mark will be our official sign that this is a new bull market. However, the fact is that it has now...

 

REVIEW AND PREVIEW     

 

  Last week’s market activity was classical Uranus/Pluto symbolism, combined with the ongoing mutable T-square involving Jupiter, Saturn, and Neptune. In other words, world equity markets were all over the place – up strongly one day, down sharply the next, with successive signs of bullishness followed by bearishness.

 

    The new moon in Aries took place on April 7. It was conjunct Uranus (and square Pluto), although the exact conjunction between the Sun and Uranus in Aries would not occur until Saturday, April 9. Still, it corresponds to world and financial conditions that reflect the...