MMA Free Weekly Forecast: October 5, 2020

REVIEW AND PREVIEW 

U.S. stocks fell on Friday after President Donald Trump and first lady Melania Trump tested positive for coronavirus… The Trump tweet initially knocked down Dow futures more than 500 points in overnight trading… “This October surprise raises the already high level of political uncertainty markets are dealing with as election day approaches,” said Jeff Buchbinder, Equity Strategist for LPL Financial. “Markets appear to be increasingly pricing Joe Biden in as the favorite, and this news may not change that, but Trump could gain support from a quick recovery.” – Yun Li, Eutstance Huang, Pippa Stevens, “Stocks Fall After Trump Tests Positive for Coronavirus, Stimulus Hope Adds Some Support,” www.cnbc.com, October 2, 2020. 

The U.S. economy added 661,000 jobs in September, suggesting the labor market’s recovery from the coronavirus pandemic is beginning to plateau amid fading government relief money and a gradually growing virus caseload. It showed the unemployment rate unexpectedly fell to 7.9% from 8.4%. – Megan Henney,  “Final Jobs Report Before Election Day,” www.foxbusiness.com/economy, October 2, 2020.

It was a rather disappointing jobs report. On top of that, the President and the First Lady were both diagnosed with COVID-19 late Thursday evening. Continue reading…

MMA Free Weekly Forecast: September 28, 2020

REVIEW AND PREVIEW: MMA Free Weekly Forecast

The steepest and most prolonged decline since the pandemic lows of March 16-23, 2020, continued last week. It is not surprising since the transit of Mars retrograde, in late Aries, is making a waxing square aspect (first quarter cycle) to the Capricorn Stellium now through October 19. The panic low of March 2020 happened when Mars was conjoining these three planets. The conjunction represents the beginning of a cycle. The first quarter cycle (waxing square) usually represents a testing or a re-visit to the themes that were present at the start of the cycle. The COVID-19 and the decline of world stock indices are indeed a return to the fears and market patterns of March. However, so far, the drama is not yet nearly as intense as it was in March. But we still have three more weeks to go. As noted from March 1-23, 2020, three weeks is plenty of time for markets to fall and cases of COVID-19 to rise significantly throughout the world. Yet it is also plenty of time for everyone to apply the lessons we learned from the mid-March time frame and prevent the amplitude of panic experienced six months ago.

After posting new post-crash highs just before Mars turned retrograde on September 9, several global stock indices fell to their lowest levels in 2-4 months last week.

Continue reading…