MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JANUARY 25, 2021 ©

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Hopes for a robust earnings season from the largest communications and tech companies sparked a rally in mega-cap stocks during the holiday-shortened week, pushing the broader market higher (but)…. Investors reassessed the outlook for President Joe Biden’s ambitious COVID-19 stimulus plan. A growing number of Republicans have expressed doubts over the need for another stimulus bill, especially one with a price tag of $1.9 trillion proposed by Biden. Yun Li and Thomas Frank, “S&P 500 Slips from All-Time High, NASDAQ Ends Week Up 4% at a Record,” www.cnbc.com, January 22, 2021. 

In the week that finally saw the end of the Trump era and start of the Biden presidency in the United States, world equity markets rallied with several making new all-time or multi-year highs. Those nations that posted new all-time highs included the United States and India. Those that posted new multi-year highs included the Netherlands and China.

However, the news was not very positive on the global pandemic front as new record cases of COVID-19 were reported. And despite the continued rollout of vaccines, the lack of coordination of adequate supplies and their distribution, plus not to mention onerous amounts of paperwork, are becoming a source of much frustration. There is also concern with market chartists over the increasing cases of intermarket bearish divergence across the globe. After reaching new all-time or multi-year highs over the ten days prior to last week, the German DAX, Japanese Nikkei, and Brazilian Bovespa indices could not follow through last week. Market rallies seem to be stalling. Given that we are in the important geocosmic critical reversal period of January 14-28, the situation could easily turn into a reversal if upward momentum doesn’t return this week. Continue reading…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JANUARY 18, 2021 ©

NOTE: U.S. markets are closed on Monday, January 18, in honor of Martin Luther King Day. 

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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…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JANUARY 11, 2021 ©

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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…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING JANUARY 4, 2021 ©

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From the beginning, the intention each week was to try to answer these questions: What’s happening? What’s true? Are you seeing it too? Then we’re not alone! The key is to try to say clearly what you believe to be true, even if it makes people mad. Especially if they get mad – that means you’re over the target. This little space was in the thick of it. What did it feel like? Like what it is, a privilege, to be part of it, to get to say what you see, especially in this of all years. – Peggy Noonan, “A Look Back at the Pandemic Year,” Wall Street Journal, December 26-27, 2020.

Peggy Noonan’s comments above on celebrating 20 years of writing her weekly column in the Wall Street Journal reflects my own approach to writing this column, which started 22 years ago.

The year 2020 started out with a bang and ended with a bang, with a big bang along the way. That is, the year 2020 started with new all-time or multi-year highs in several world stock indices. Then came the pandemic and all indices collapsed 30-45%, except China, whose stock market only dropped 15%. And now, in the last week of that eventful year that will always be remembered for the world-wide pandemic, many stock indices closed out at record or multi-year highs – but not in China. Continue reading…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING DECEMBER 21, 2020 ©

PLEASE NOTE: There will be no weekly column next week. On behalf of everyone at MMA, we wish you a happy holiday season and a healthy and prosperous New Year!

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The stock market appears set on rising into 2021 — a year expected to see some return to normalcy, above trend economic growth, and a higher stock market, according to Wall Street strategists. Those in CNBC’s survey expect an average 2021 year-end target of 4,056, or about a 9.5% gain from current levels… Vaccines are expected to liberate individuals from pandemic restrictions and in turn, free the economy as 2021 progresses. Work from home should shift back to work at the office – Patti Domm, “Wall Street Strategists See Stocks Gaining 9% in 2021”, www.cnbc.com, December 18, 2020.

The one problem with the above quote is that Jupiter and Saturn are conjoining one another, and both will square Uranus in the next two months. Nothing goes quite as expected when Uranus is in the house. And with Jupiter involved, it tends to go way off the expected course. Continue reading…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING DECEMBER 14, 2020 ©

BREAKING NEWS: Shortly after the weekly column below was released Friday evening, “… the Supreme Court rejected a bid launched by Texas and backed by President Donald Trump that sought to undo Joe Biden’s election wins in the key swing states of Georgia, Michigan, Pennsylvania and Wisconsin. The ruling dealt a death blow to Trump’s desperate and unsuccessful efforts to reverse Biden’s projected Electoral College victory.”

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The economic recovery has downshifted, with job growth slowing and layoffs persisting at a high level amid rising coronavirus cases and related restrictions. The number of workers seeking unemployment benefits climbed sharply by 137,000 to 853,000 last week, the Labor Department reported.– Eric Morath, “Unemployment Claims Increase Sharply,” Wall Street Journal, December 11, 2020.

It seems to be a case of buying the rumor, selling the fact.

Stock markets were on a tear this past month due to anticipation of new COVID-19 vaccines being readied for release. Last week, many were approved, and some vaccine programs actually started, such as in the U.K. Many equity markets made new all-time highs again last week, such as in the U.S. and India, and others like Japan’s Nikkei, made multi-decade highs, right into our December 8-9 two-star geocosmic critical reversal date. But then the rallies on “the fact” started pulling back into the end of the week. Several even made new monthly lows, as in the DAX and SMI in Europe and the Shanghai Composite in China. It didn’t help that a stimulus relief package was on again (hope, rumor) but then taken off for the 19th nervous breakdown of U.S. Congressional leaders, leading to the pullback in the U.S. Continue reading…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING DECEMBER 7, 2020 ©

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The U.S. economy added just 245,000 jobs in November, sharply missing expectations and pointing to a slowdown in the labor market’s recovery from the coronavirus pandemic as a surge of new infections triggered a fresh wave of shutdowns by state and local governments. The Labor Department’s monthly payroll report, released Friday, also showed the unemployment rate fell to 6.7% from 6.9%. Economists surveyed by Refinitiv expected the report to show that unemployment dropped to 6.8% and the economy added 469,000 jobs. – Megan Henney, “U.S. Job Growth Slows in November as Coronavirus Surge Threatens Economic Recovery,” www.foxbusinessnews.com, December 4, 2020. Continue reading…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING NOVEMBER 30, 2020 ©

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The Dow Jones Industrial Average vaulted above 30,000 for the first time, a remarkable rally that lifted the stock market to records even in the midst of a devastating pandemic. Tuesday’s advance came after President Trump said his administration would cooperate with President-elect Joe Biden’s transition to the White House, giving investors hope that the country would have a smooth transition of power. More broadly, much of the market’s rise has been powered by building hopes that scientists are on the brink of pushing out vaccines effective enough to fight the novel coronavirus. – Arkane Otani, “Dow Eclipses 30,000 for the First Time,” Wall Street Journal, November 25, 2020. 

It was a very nice Thanksgiving gift for investors. It also correlates with the movement of the Sun into Sagittarius last week, the sign that just loves to break records and give cause for celebration. With Sagittarius, everything is enlarged. And even if it’s not, just the proclamation that “it is” will often suffice. It is the spirit of something that matters in Sagittarius, not the facts. However, facts that are supportive can certainly add to the spirit of optimism that is the trademark of Sagittarius. It also helps that Neptune is turning stationary direct this weekend. A little irrational exuberance is always good for the holiday spirit. Continue reading…

MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING NOVEMBER 23, 2020 ©

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U.S. Treasury Secretary Steven Mnuchin’s decision to allow key pandemic relief programs to expire is like stripping lifeboats from the Titanic, according to Carl Weinberg, chief economist at High Frequency Economics. Mnuchin announced Thursday that he will not extend the Federal Reserve’s emergency lending programs that used Congress’ CARES Act funds beyond Dec. 31. The move is expected to drastically reduce the central bank’s ability to shore up the financial system. – Elliot Smith, “Mnuchin’s Fed Move is Like Stripping Titanic of its Lifeboats, Economist Says,” www.cnbc.com, November 20, 2021.

World equity markets started off strong again last week. Still, they fell on record new cases of COVID-19, Mnuchin’s announcement to end central bank funding for key emergency programs, and the continued psychological descent of President Trump into the darkness/denial of his probable election loss. Neither of these developments is being met with cheers from investors, despite the optimism early in the week over Moderna’s coronavirus vaccine showing 94.5% effective results. That drove the Dow Jones Industrial Average to a new all-time high, less than a week after the third and final Jupiter/Pluto conjunction and Mars turning direct signatures of November 12 and 14. These are two of the strongest historical correlations to major reversals in the U.S. stock market. But the optimism was short-lived in the U.S. amid rising tensions related to the uncertain economic ramifications of pandemic and political issues. Continue reading…

MMA FREE WEEKLY COLUMN FOR NOVEMBER 16, 2020 ©

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 U.S. stocks rose on Friday as investors bet again on stocks that would benefit from a potentially effective vaccine and economic recovery next year. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to look through the recent surge in COVID-19 cases to the impending end of the pandemic and broader reopening of the economy,” wrote Marko Kolanovic, JPMorgan’s head of macro quantitative and derivatives strategy. Investors managed to look past the rising coronavirus numbers, however, as the Pfizer-BioNTech announcement from Monday “continues to reverberate,” said Adam Crisafulli, founder of Vital Knowledge. Fred Imbert, “S&P 500 Rises to a Record Close,” www.cnbc.com, November 13, 2020.

In one of the three most potent geocosmic time bands of the year, November 9-19, global equity markets exploded last week, with many making new all-time or multi-year highs. Bitcoin and Crude Oil also rallied sharply, while Gold and Silver sold off sharply early in the week and then recovered modestly. Continue reading…