You are here
> Home > Weekly Preview >
Market Preview for the week beginning May 29, 2023

Blog archive Preview

March 2024 (4 messages)February 2024 (3 messages)January 2024 (4 messages)December 2023 (4 messages)November 2023 (4 messages)October 2023 (5 messages)September 2023 (4 messages)August 2023 (4 messages)July 2023 (4 messages)June 2023 (3 messages)May 2023 (4 messages)April 2023 (5 messages)March 2023 (4 messages)February 2023 (4 messages)January 2023 (4 messages)December 2022 (4 messages)November 2022 (4 messages)October 2022 (5 messages)September 2022 (3 messages)August 2022 (4 messages)July 2022 (3 messages)June 2022 (4 messages)May 2022 (5 messages)April 2022 (4 messages)March 2022 (4 messages)February 2022 (4 messages)January 2022 (5 messages)December 2021 (3 messages)November 2021 (4 messages)October 2021 (2 messages)September 2021 (1 message)August 2021 (3 messages)July 2021 (4 messages)June 2021 (3 messages)May 2021 (5 messages)April 2021 (4 messages)March 2021 (4 messages)February 2021 (4 messages)January 2021 (5 messages)December 2020 (3 messages)November 2020 (4 messages)October 2020 (4 messages)September 2020 (4 messages)August 2020 (5 messages)July 2020 (4 messages)June 2020 (4 messages)May 2020 (4 messages)April 2020 (4 messages)March 2020 (5 messages)February 2020 (4 messages)January 2020 (4 messages)December 2019 (5 messages)November 2019 (4 messages)October 2019 (2 messages)September 2019 (5 messages)August 2019 (3 messages)July 2019 (3 messages)June 2019 (4 messages)May 2019 (3 messages)April 2019 (3 messages)March 2019 (5 messages)February 2019 (4 messages)January 2019 (4 messages)December 2018 (5 messages)November 2018 (4 messages)October 2018 (4 messages)September 2018 (5 messages)August 2018 (4 messages)July 2018 (4 messages)June 2018 (5 messages)May 2018 (3 messages)April 2018 (4 messages)March 2018 (4 messages)February 2018 (3 messages)January 2018 (4 messages)

Weighted values
Index 28 March 2024

DJIA:
Silver:

Read more »
Print

Market Preview for the week beginning May 29, 2023

Market Preview for the week beginning May 29, 2023

Market Preview goes to Members by email for free

 

PLEASE NOTE: THERE WILL BE NO COLUMN NEXT WEEK AS WE WILL BE CONDUCTING THE MMA 2023 INVESTMENT RETREAT (SEE ANNOUNCEMENTS BELOW - LAST WEEK TO SIGN UP). ALSO, U.S. MARKETS ARE CLOSED ON MONDAY IN OBSERVANCE OF THE MEMORIAL DAY HOLIDAY.

 

 

Review and Preview

 

Treasury Secretary Janet Yellen told Congress Friday that the U.S. government is now expected to run out of cash to pay its current obligations by June 5, updating her previous estimate that said the day could come as early as June 1. – Elizabeth Elkind, “Yellen Estimates Government Will Run Out of Cash by June 5 Without Debt Ceiling Agreement,” www.foxbusiness.com, May 26, 2023.

Like many economists and market participants, my working assumption has been--and remains--that Washington, DC, will resolve the #DebtCeiling saga. But this is not to say that there are no adverse longer-term spillovers, including: further erosion of trust domestically in the policymaking process, the diversion of political attention and interest away from urgent sustainable growth and productivity issues; and unfavorable messaging to the rest of the world about US economic management. – Mohammed A. El-Erian, CEO, Pimco, Twitter feed, May 26, 2023.

And the beat goes on, the beat goes on Drums keep pounding a rhythm to the brain
La de da de de, la de da de da
- ¬Sonny and Cher, written by Sonny Bono, “The Beat Goes On,” recorded 1967.

It was a wild week for the nation and for the world, but if you were looking for logic, common sense, or a pattern in financial markets, chances are … you were bewildered. And that’s just the way Gemini likes it as we have entered the season of the witch, er, twins.

In the U.S., for example, the DJIA broke to a new 8-week low late last week (before Friday’s rally), whereas the NASDAQ soared to its highest level in over a year. The S&P is not far behind its high for this year. Two markets up, one market down.

Getting everyone on the same page was quite a challenge last week, whether you were a politician or a financial market. One party says we’re making progress in the debt ceiling talk, while other members of the same party say we’re far apart, so… let’s take a break for the holiday and reconvene next week while Rome burns. And the beat goes on while the media keeps pounding the same rhythm into our brains. La de da de de, la de da de da. The week was a perfect reflection of the dualistic nature astrologers attribute to Gemini.

The pull in opposite directions was also present in the equity markets of Europe and Asia. The Netherlands AEX had a nice rally and is again near its highs for the year. But the FTSE and SMI were down to multi-week lows late in the week. The German DAX made a new all-time the prior week, but spent most of last week in a downtrend. The Japanese Nikkei made a new 33-year high last week, while India’s NIFTY index soared to its highest mark since December 15. But the Hang Seng of Hong Kong and Shanghai Composite of China plunged to new multi-month lows. Australia’s ASX index posted a new 8-week low.

Some Fed governors started expressing a bias towards raising interest rates in June which resulted in a spike up in the U.S. Dollar and a sharp decline in Gold and especially Silver. A similar pattern was noted with Bitcoin. But if I am reading the stars right, there won’t be another interest rate hike with Jupiter now in Taurus for the next year. Taurus likes things stable. Of course, Uranus is there too, and Uranus is anything but stable – another conundrum, just like the basic nature of Gemini. Gemini is a sign of intelligence. But intelligence doesn’t bestow stability on the genius.

 

 

Short-term Geocosmics and Longer-Term Thoughts

Mr. DeSantis shares Mr. Trump’s lack of humility but not his lack of discipline and understanding of government. Mr. DeSantis is the thinking Republican’s populist. He argues that the left has taken control of America’s core narratives through undemocratic means, by seizing cultural and corporate institutions, and is telling stories that warp young minds and curtail freedom. America’s institutions are not just corrupt; they are insidiously corrupting. – Lexington, “DeSantis is a Truer Believer, If a Lesser Politician, than Trump,” The Economist, May 24, 2023.

The House Freedom Caucus on Thursday threw a wrench in Speaker Kevin McCarthy’s plans to finalize a debt limit deal with President Biden, demanding new provisions in exchange for their votes. Thirty-five members of the hardline group sent a letter to Mr. McCarthy outlining a new conservative wish list. The lawmakers wrote that GOP unity behind Mr. McCarthy would be endangered if the demands were unmet. – Haris Alic, “35 Freedom Caucus Members Demand McCarthy Expand Debt Limit Negotiations with Biden,” The Washington Times, May 25, 2023.

It's hard to tell which party and which leaders are undermining America’s core foundations the most. But with transiting Pluto still in the orb of the nation’s Moon conjunct Pluto in the founding chart of July 2, 1776, and with the observation that Pluto’s major events happen about 1-2 years after the aspect separates, the danger of the divisiveness wrought by uncompromising extremists and hardliners of both parties threatens both the union and the unity of the population.

Pluto, more than all other planets, exhibits an incubation period prior to manifestation. More often than not, events happen as other planets apply toward their aspects. With the transit of Pluto, the events related to the planets involved tend to occur after the aspect separates. That is, the causes underlying the need for transformation and reform are sown during the aspect. But the results of those behaviors (that can be destructive) usually don’t become obvious until later, when it is too late and the symptoms too far entrenched to do anything about it except to resign oneself to the reality and just start over along a new path.

There is still time and support from the cosmos to make the necessary agreement before the current debt crisis explodes due to the uncompromising nature of a few extremists who could derail the process and lead the nation into default or downgrade of its credit worthiness. This is noted in the approaching sextile between Jupiter and Saturn on June 19. As an applying aspect, an agreement is possible sooner than later. However, with Pluto still in its incubation period to the nation’s natal Moon/Pluto conjunction in late Capricorn, there are yet other deep social, political, and economic conflicts to resolve before the United States of America actually becomes “United” again. And like all conflicts, those cannot be resolved without a willingness to compromise, finding common ground and the middle path (a move away from extremism and more to the center), which is the path of success possible with Jupiter in a waxing sextile Saturn. In fact, it is the solution implied by the entire 10-year waxing phase of Jupiter to Saturn that began December 21, 2020, but has been struggling under the weight of the disruptive Saturn square Uranus (2021-2022) and now Jupiter square Pluto (May 18, 2023, +/- 4 months).

Market-wise, we have now entered the season of Gemini (May 21-June 21). This is when markets are frequently given to sharp whipsaw behavior, with sudden, brief, and yet very sharp price reversals (especially in Silver). Keep in mind that Gemini is ruled by Mercury, so the sign itself has many characteristics of the Trickster – especially when the Moon is also in an air sign (May 29-31, June 7-9, and June 16).

Next week will find Sun square Saturn on May 28, which is over this weekend and implies more resistance to a final compromise. Maybe it’s a good thing they went home for the holiday. This will be followed by Venus trine Neptune on Friday, June 2, which offers hope for an agreement. But if that fails, we next head for the Venus/Pluto opposition on Monday, June 5. Both of those planets are associated with debt and credit, and Venus is the planet of compromise. However, the opposition is a hard aspect, so this could be more than a little problematic for markets if there is not an agreement by then.

Yet underlying all this political and economic drama, the tech revolution led by artificial intelligence continues to support our long-standing view of an emerging renaissance. Now, if we could just get some real intelligence and authentic care for this country’s (and the world’s) future exhibited by our elected leaders and a willingness to work together for the well-being of “the people (Aquarius),” what a marvelous renaissance this nation and the world could experience! It’s a choice between an incredible new world and an exciting future, or a world led by extremists at war with one for power with one another (disguised as ideology) threatening to derail the natural course of human growth and evolution.

Pluto in Aquarius will have something to say about this before it’s all said and done. In classic Plutonian fashion, the “end times” are also the “beginning times.”

 

 

ANNOUNCEMENTS

LAST WEEK TO SIGN UP! JUNE 1-4: THE MMA INVESTMENT 2023 RETREAT AND MMTA3 COURSE TWO: “GEOCOSMIC CORRELATIONS TO LONG-TERM INVESTMENT CYCLES.”

The 4-day investment retreat is taking place at the Michigan State University Management Education Center in Troy, Michigan, and is also offered virtually via Zoom. Instructors and presenters will include Ray Merriman, Gianni Di Poce, Kat Powell, and Rita Perea.

This 4-day intensive will introduce the participant to the role of Outer-Planet Aspects and Ingresses to long-term financial market cycles. With this understanding, one will learn to identify time bands that historically have coincided with the most favorable long-term investment opportunities as well as time bands that have correlated with long-term market peaks or selling opportunities. These studies are based on actual research on the performance of financial markets (like the U.S. and British stock markets) going back to the 17th century. Once these studies and methods are disclosed, the instructors will then illustrate how they apply them to current market conditions. Outlooks will be given for long-term cycles in various markets (such as stock indices, Gold, and Bitcoin), with the goal of identifying when the next excellent investment or selling opportunities are most likely to take place.

You do not need to be a student of the two-year MMTA3 program to join! “Geocosmic Correlations to Long-Term Investment Cycles” is a standalone course designed for investors. This event is an excellent opportunity to interact with MMA President Raymond Merriman and MMTA Director Gianni Di Poce, and several other like-minded students of financial market timing over an extended 4-day period. There is nothing like the in-person interactions that occur at an MMA Investment Retreat.

Cost is $2750* or €2550* and includes a 120-page workbook, all class recordings, and slides of the class presentations. Note that this retreat is also in conjunction with Course Two of MMTA3, and non-student participants will get credit for Course Two if they decide to attend MMTA in the future. For further information on this unique and special event please contact us by email>> or call us at ++31 294 415917 during European business hours.

Excluding VAT if applicable

Financial markets in 2023 and beyond, asset management, SMT-analist Irma Schogt and Asset Manager firm Today's Group Hilversum, Cyclusanalyse & Patronensamenhang-strategie, Outlook 2023 en erna, meeting en lezing

 

Outlook 2023 and beyond (Dutch spoken)

 

June 22 Meeting with presentation 'Outlook 2023 & Beyond' by MMA & SMT Analyse Irma Schogt hosted by Asset Manager Today's Group starting from 19.30 Central European Summer Time. Are you interested in the vision and approach in Asset Management with the Cycles Analysis & Correlating Patterns, then you are welcome to sign up without any obligation. It is planned for a small group (max 8 persons). Location is Hilversum center near parking garage. You may sign up here. We are looking forward to meet you then!

 

The May issue of the MMA Monthly Cycles Report Plus+ edited by Pouyan Zolfagharnia, will be issued this week. it has become a very popular addition to the MMA Cycles Report (less technical, more visual, high-quality analysis and update on MMA Cycles Report markets) will be issued this week. The mid-month addendum to the MMA Cycles report has very attractive graphics and charts (people love it!) and is very readable. It contains more references and illustrations to geocosmics than most MMA Cycles reports and is only available for subscription to those who also subscribe to the MMA Monthly Cycles Report. If you wish to try this month’s addendum, along with the latest issue of the MMA Monthly Cycles Report, sign up online at the link above. Cost for a monthly copy of both reports is $55. That will give you both the most recent copy of the MMA Cycles report and the MMA Cycles Report addendum coming out this week. For further information and ordering instructions, please read here>>

 

Disclaimer & State of Purpose

The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the Schogt Market Timing & MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language. 

This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author's understanding of how these signatures will likely affect human activity in the times to come.

The author (Merriman) will do this from a perspective of a cycle's analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.

No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.