January 15, 2021
NOTE: U.S. markets are closed on Monday, January 18, in honor of Martin Luther King Day.
REVIEW AND PREVIEW
Another change that could put pressure on stocks moving forward is the possibility of rising inflation as the Fed pledges to keep rates low and its monetary stimulus programs running. (Doubleline CEO and founder Jeffrey)Gundlach pointed to a comment made by Chicago Fed President Charles Evans on Jan. 4. Then, Evans said, “The more we get inflation up above 2% then markets are going to understand that, yes, we’re in it to win it.” Gundlach, who expects the consumer price index — a widely followed inflation metric — to hit 3% in its May/June report, said inflation “is a real game changer, should it occur.” – Fred Imbert, “Jeff Gundlach Says Stock Valuations Are Extraordinarily High, Supported Only by the Fed,” www.cnbc.com, January 11, 2021.
Many world stock indices soared to record highs last week, and many others rallied to multi-year highs as we enter the middle of three major outer planet aspects between December 21, 2020, and February 17, 2021. This is a rare and highly charged time band of geocosmic phenomena. Continue reading…
January 08, 2021
REVIEW AND PREVIEW
The U.S. economy shed 140,000 jobs in December, the first decline in seven months as a surge in COVID-19 cases nationwide triggered a fresh wave of shutdowns, reversing the labor market’s recovery. The unemployment rate held steady at 6.7%. Economists surveyed by Refinitiv expected the report to show that unemployment edged higher to 6.8% and the economy added 71,000 jobs. – Megan Henney, “U.S. Economy Slashes 140,000 jobs in December,” www.foxbusiness.com, January 8, 2021.
“We signed up for making America great again. We signed up for lower taxes and less regulation. The president has a long list of successes that we can be proud of. But all that went away yesterday.” Mick Mulvaney, one-time Trump Chief of Staff, Amanda Macias, “ ‘I Can’t Stay Here’ – Mick Mulvaney Resigns from Trump Administration,” January 7, 2021.
We said it before, and we will say it again. No one escapes a hard Pluto transit unscathed, even the president of the United States, considered by some to be the greatest political escape artist ever. No more. This past week he crossed a line that he cannot retract. President Trump will not likely be forgiven by Americans or populations throughout the world, and for which he probably will not be treated well by historians. He has severely damaged his legacy (Pluto in Capricorn opposite his natal Saturn), not to mention the disillusionment and disappointment he has wrought on many of his supporters who had placed their faith and trust in him (Neptune squaring his Sun and Moon). It is utterly stunning. It is also reflective of Jupiter and Saturn both square to Uranus in today’s sky. The midpoint is January 2021. We are here. Continue reading…