The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. Powell said he does not think the economy is in recession, though growth was negative in the first quarter and was expected to be barely positive in the second quarter. “Think about what a recession is. It’s a broad-based decline across many industries that’s sustained more than a couple of months. This doesn’t seem like that now,” he said. “The real reason is the labor market has been such a strong signal of economic strength that it makes you question the GDP data.” – Jeff Cox, “Fed Hikes Interest Rates by 0.75 Percentage Point for Second Consecutive Time to Fight Inflation,, July 27, 2022. 

The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession. Gross domestic shrank by 0.9% on an annualized basis in the three-month period from April through June. Refinitiv economists expected the report to show the economy had expanded by 0.5%. – Megan Henney, “US Economy Enters Technical Recession After Growth Tumbles 0.9% in the Second Quarter,”, July 28, 2022.

Two skyscraper-size asteroids are zooming toward Earth this weekend, with one making its closest approach on Friday (July 29) and the second whizzing by on Saturday (July 30). –  Brandon Specktor, “Two skyscraper-size asteroids are barreling toward Earth this weekend,”, July 28, 2022.

 Interest rates rise sharply again, GDP falls into negative territory for the second consecutive quarter, two asteroids are barreling towards Earth this weekend, and the stock market loves it! It sounds like Jupiter rising. Actually, Jupiter is peaking. That is, the Big Guy (no, not President Biden, but the king of the gods) turned retrograde in Aries on Thursday, and this weekend (July 30), he will be trined by the Sun. When a planet turns retrograde or is in opposition to the Sun, it can be said that it’s cosmic strength is peaking. In layman’s terms, that means the themes and areas of life that planet rules are highlighted. With Jupiter, it is optimism and euphoria. Suddenly the narrative has changed from the anxiety about the economy entering a recession to the belief that it is instead about to exit a recession. The Fed’s aggressive rate hiking is a sign it is no longer behind the curve with inflation, but now in front of it. Like Jupiter itself, the market is forward-looking and hopeful about the future.

What isn’t seen by the layman is that Mars, the aggressor, is waiting in the wings next week with Uranus and the Moon’s North Node in Taurus, and ready to take the lead, just as soon as Jupiter starts to sleep off its drunkenness. But does that mean a reversal or an acceleration of this new bullish trend? With Uranus, Master of Disruption, you never know until you are there. With the Sun in Leo, it’s all like a game and the party guys are winning. Hence, the celebratory mood that the worst is behind us. But as with all things Jupiterian, the market can get ahead of itself and over-estimate the reality of the situation.

In Asia and the Pacific Rim, the stock markets of Japan, India, and Australia enjoyed a stellar week, with each soaring to new monthly highs. In the case of India, the rally was a 3-month high. However, it was not so euphoric in China and Hong Kong. The latter fell to its lowest level in a month, and the Shanghai Composite continues near its lows of the past month.

In Europe, all major indices rallied last week. The most impressive was right here in Amsterdam, where I am currently residing, and where the AEX skyrocketed to its highest level since April 5. The German DAX, Zurich SMI, and London FTSE all made new monthly highs, even as interest rates rose and Russia started cutting off gas supplies to nations in the Eurozone. It’s going to be a very challenging winter in Europe without enough heating oil. But after record-breaking heat recently, it seems no one is looking that far ahead yet. That could start to change even as early as next week because, really, people here are concerned. They are in serious discussions about rationing energy, and I suspect that will be very much highlighted as Mars (heat) comes into a square aspect to Saturn (rationing) on August 7.

In the Americas, stock markets were also robust and euphoric last week, typical of Jupiter in Aries reaching its retrograde station point. The Bovespa of Brazil, DJIA, and S&P all made new monthly highs. The NASDAQ rallied to its highest level in over two months.

As impressive and bullish as stock indices were last week, Gold and Silver were more exciting. After falling to a new multi-month low of 1678.40 the prior week, July 21 (and right into our buy zone of 1675 +/- 7), Gold went parabolic on the Fed’s interest rate hike, reaching 1784.50 on Friday, July 29. Silver was also spectacular, rising above $20.00 for the first time since July 1, after bottoming at 18.02 mid-month.

Bitcoin, Ethereum, and Crude Oil also enjoyed nice rallies last week. After dropping to a low of 90.56 on July 14, Crude Oil roared back above 100, to a new multi week high of 101.88, on Friday, July 29. Jupiter also co-rules Crude Oil. The cryptos rallied to their highest mark since mid-June.

All in all, it was a good week for many markets, just the way Jupiter likes to throw a summer party.


Although partisan polarization is wider and deeper than it was a generation ago, the center hasn’t vanished. There is still an appetite for common-sense responses to widely recognized problems… Accordingly, a large majority of Democrats have coalesced with a sizable minority of Republicans to promote the common defense and general welfare. When ideology yields to reality, progress is the result.

–William Galston, “Surprise: A Divided Congress Is Making Bipartisan Progress,” Wall Street Journal, July 26, 2022.

On September 30, 1938, Adolf Hitler, Benito Mussolini, French Premier Edouard Daladier, and British Prime Minister Neville Chamberlain signed the Munich Pact, which sealed the fate of Czechoslovakia, virtually handing it over to Germany in the name of peace. Although the agreement was to give into Hitler’s hands only the Sudetenland, that part of Czechoslovakia where 3 million ethnic Germans lived, it also handed over to the Nazi war machine 66 percent of Czechoslovakia’s coal, 70 percent of its iron and steel, and 70 percent of its electrical power. Without those resources, the Czech nation was left vulnerable to complete German domination. “Nazis Take Czechoslovakia,”

The Jupiter/Saturn cycle highlighted in the Forecast 2022 Book and webinars is unfolding as forecasted in terms of the collective psychology (not to mention most financial markets too). That is, the path of moderation and balance is beginning to overtake the forces of extremism (right and left) and conspiracy theories that have dominated the political and social narrative in the 21st century. And it is beginning to show up as these two planets enter the first 1/8 phase of their cycle (semi-square) since their synodic cycle began December 21, 2020. In astrology, Jupiter and Uranus are the planets of extremism; Saturn is the planet of resistance and contraction. When Jupiter and Saturn come together, as they did December 21, 2020, the path forward is only likely to succeed if policies not too big and not too small, not too rushed and not too slow, are followed. This is the path of moderation and will be a guideline to success during the 10-year waxing phase between these two planets. Extremism and division, so pronounced during 2021 with Saturn square Uranus, is beginning to give way more and more to the principles of balance and unity.

In terms of market and geopolitical forces, this also augurs well for the dawn of a new day. No, extremism is not dead, for Saturn and Uranus have another bout of their waning square September 21-28, and that too will be exaggerated because Jupiter will be at their midpoint, semi-square to each. But the greater cycle to watch is that of Jupiter separating from Saturn, which will be the case for the remainder of this decade.

In the first 1-3 years following the conjunction, there is usually a military crisis in the world and an economic/market drawdown, or contraction. The economic and market lows usually coincide within three months of the single passage of the waxing semi-square between these two planets, and within one month of a three-passage series. This time it will be in a 3-passage series. The first pass took place on July 21, 2022. The second will be on September 21, and the third will be March 21, 2023. Usually, the low point is between the first and second passes, and then both the equity markets and economies of the world begin to expand over the next 2-5 years. It is possible the market low just occurred with the primary cycle trough of June 17, one calendar month before the aspect series began. However, we cannot yet rule out another test within one month of September 21. In the last instance of this aspect, the U.S. markets bottomed within a week of the first passage in October 2002. That was the low following the break of the dot com bubble under the Saturn/Uranus waxing phase of 1999-2000, as well as the Jupiter/Saturn injunction of May 28, 2000. The European markets bottomed in the same month as the second passage of the semi-square, which was in  March 2003 as the war with Iraq broke out.

So, here we are again, at the same 1/8 phase of the Jupiter/Saturn cycle. Given that this time we seem to be moving more towards the center again, which is the path of moderation in which the Jupiter/Saturn is most likely to experience success, there is a renewed hope for the future of humankind in my opinion.

Shorter-term, however, we are about to enter one of the most unstable and potentially dangerous cosmic times of the year, August-November. It starts this week, with the rare conjunction of Mars, Uranus, and the Moon’s North Node in the money sign of Taurus. Each of these planets are also square to Saturn. Whereas last week Jupiter reigned supreme and all was well in the financial markets of planet Earth, the pendulum may shift to the more aggressive and resistance themes of Mars, Uranus, and Saturn through the first two weeks of August. At the same time, transiting Mars will also conjunct the NYSE Mercury and Sun, and square its natal Pluto, August 8-16. This is a consistent signature for a sharp (but possibly short)  drop in equity markets. The good news is that many world equity markets appear to have started a new longer-term bullish cycle, so the downside may be limited. That is, the cycles’ picture is very bullish. The geocosmic picture is very intense and possibly violent. Which brings me to the next subject.

These gecosmic signatures can surprise in their intensity of both rising and/or falling prices and are often caused by major disruptions from nature or human-induced threats to security. Regarding the latter, it seems as if Russian President Putin (a Libran, ruled by Venus) is following the very playbook of Nazism in the late 1930’s that he claims to be fighting against in Ukraine today. The manipulation – withholding and suppression – of energy for certain countries (like Germany) he has entered into an agreement with but at the same time he resents, seems like a mad experiment to see how much suffering he can inflict and how much suffering others can take before expiring. This is the potential horrific side of Mars/Uranus/Saturn (there is more, but let’s not go there yet). And yet, once again leaders in Europe and even Germany may be willing to appease him, sacrifice their ally, Ukraine, just as France and England sacrificed their ally, Czechoslovakia, to Hitler (a Taurus, also ruled by Venus) for his promise to stop the war and end his conquest of other nations. In other words, they tried to appease him, and made a deal that he immediately broke. He lied, took control of Czechoslovakia, and then continued his quest of invading other nations despite his promise that he would be satisfied and his mission to “save the Germans” in Czechoslovakia who “wanted to be rescued,” would be accomplished. As amazing as the replay of this historical theme is today, just as amazing is that the 84-year orbital cycle of Uranus is in the same part of the heavens (mid-Taurus sign) as it was then.

Which brings me to my final quote for those week, one I am sure everyone is aware of: Those who fail to learn from history are doomed to repeat it.

With Jupiter in the early stages of its waxing phase to Saturn, I see reason to be hopeful that today’s leaders know their history. I am sure Volodymyr Zelenskyy does. Hopefully, the leaders of Germany, France, England, the United States, and other nations do, too.


 NOTE 1: GET READY! FORECAST 2023 SPECIAL OFFERS BEGIN THIS TUESDAY, AUGUST 2! Written by Raymond Merriman, the preliminary outlook is that 2023 will be another very important year with Pluto starting its 20-year transit through Aquarius. Although 2022 is not yet over, several forecasts made in the 2022 book have already unfolded. For a review of the Forecast 2022 Book so far, please visit our Scorecard. It is impressive!

This Annual Forecast Pre-Order Event will run August 2 – October 31 and will include our once-a-year sale discounts on both the annual Forecast Book, print and eBook, and MMA Subscription Reports. You may pre-order Forecast 2023 at the discounted rate of $45. And the best deal on MMA Subscription reports is offered at this time! Save 10% off any subscription ($275+) with purchase of Forecast 2023.

After the pre-order event ends, the price for Forecast 2023 will increase to $55 on November 1st. We have worked very hard to keep our Forecast price the same for the past 10 years- no price increase due to inflation (yet)!

Want to save even more on Forecast 2023? Sign up for any subscription report between now and September 16th to be upgraded to our Active Subscriber Club. Club members receive a discount code to pre-order Forecast 2023 for only $35!

We will again publish an individual book dedicated to the yearly trends for the twelve individual signs. The book, Trends for the Twelve Signs 2023, will be written by Antonia Langsdorf-Merriman and Raymond Merriman. Antonia has written an annual Sun Sign book in German for the past several years, based on interviews conducted with Raymond beforehand. We will follow a format this year where Langsdorf will cover the health and relationships outlook and Merriman will cover the business, career, and overall psychological outlook of each sign for the year. The cost of this book will be $25, with a further discount if ordered together with the Forecast 2023 Book.

We offer discounts to our Forecast Fan Club Members and our Active Subscriber Club members. Check out our page on Forecast Club Levels to learn more about these discounts.

This year’s printed and eBook versions will also be available in these languages:

German: or email at



We created an updated list of our most common Forecast FAQs to help this Forecast season. Keep an eye on your inbox August 2nd for an announcement when our Annual Forecast Pre-Order Event begins.


NOTE 2: You asked for it and now it’s coming! The new MMA ETF Monthly Cycles Report will launch on August 17! Written by MMTA director Gianni Di Poce, this report will cover SPY (S&P stock market), GDX (Gold), BITO (Bitcoin), TLT (Treasuries), USO Crude Oil ETF), XLV (Health groups), XLK (Technology), and XHB (home builders, real estate). Now you can get our cycles and geocosmic outlooks for the most popular and traded ETFs, which trade like stocks on the major exchanges. A great compliment to the monthly MMA Cycles Report. For an overview from Gianni about what this new monthly report will cover, check out his newest ETF Episode on Merriman Market Analyst’s YouTube Channel.

 NOTE 3: TUNE INTO MMA’S NEW WEEKLY YouTube Channel on the geocosmic climate related to financial markets hosted by MMTA Educational Director Gianni Di Poce. New videos are recorded and released every Friday night. These 5-15 minute video presentations review market activity of the past week and offer a preview of the geocosmic signatures in effect for the next week and beyond. You may subscribe to MMA’s YouTube Channel today at no cost and get announcements when each geocosmic market review is ready for viewing! To see this week’s program, and episode dedicated to ETFs, click here.

NOTE 4: ONLY 6 MORE WEEKS! THE MMA 2002 TRADING AND INVESTMENT RETREAT in Troy, Michigan. Hosted at the Michigan State University Education Center, this event will take place both in-person and virtual September 9-11, 2022. MARK THE DATE! This special 3-day event will feature a long-term, intermediate-term, and short-term analysis of several financial markets, including the U.S. stock market, Gold, Bitcoin, Euro, T-Notes, and Crude Oil, plus others to be determined. It will also go into depth with the MMA trading plan – how to use the daily and weekly report data points – and how we assess each market and determine the trading strategy for each day based on MMA’s cycles analysis, geocosmic studies, solar/lunar studies, combined with chart patterns, price targets, and technical studies. Raymond Merriman and Gianni di Poce will be leading these discussions and presentations.

Attendance of non-students will be limited, and special rates will be available to selected subscribers of MMA subscription reports. If you are a short-term trader, or an investor interested in the longer- and intermediate-term outlook, this is a special event you will not want to miss! It is an opportunity not only to see and hear the forecasts for several financial markets, but also an opportunity to connect with those who have studied and apply the MMA methodology of market analysis and market timing. It doesn’t mean you have to be a student to benefit from this event, but you will be able to hear the outlooks of those who do. This is a one-of-its-kind opportunity and a chance to really get deeply into the outlook for the next five years! For information and registration click here. Or drop us an email at An added feature will be “Determining Your Best and Most Challenging Times for Trading Via Transits to your Natal Chart.”

 Note: The MMA Investment Retreat is also available both in-person and as a virtual even via Zoom.


NOTE 5: THE JULY ISSUE OF THE MMA Monthly Cycles Report Plus+ was released last week! Written by Pouyan Zolfagharnia, this 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). Readers love it! Pouyan updates our take on financial markets since the last issue of the MMA Cycles Report in a very visually attractive and easy-to-read format with excellent analysis.

NOTE 6: MMA’S DAILY AND WEEKLY SUBSCRIPTION REPORTS ARE HOT! If you are an active short-term trader, or even if you are an investor who likes to keep up with our current thoughts on financial markets, you will be interested in MMA’s Weekly or Daily Market reports. The weekly reports give an in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Dollar/Yen cash and Yen futures, Euro/Yen cash, T-Notes, Soybeans, Gold and Silver, and Crude Oil, and Bitcoin. The daily reports cover all stock indices listed above, as well as the Euro Currency, Japanese Yen, Bitcoin, T-Notes, Gold and Silver, plus GLD and SLV (the Gold and Silver ETF’s). Both reports provide trading strategies and recommendations for position traders and shorter-term aggressive traders. Subscription to the Daily report also includes the Weekly report. And now is the best time to become a subscriber: Sign up for any subscription report between now and September 16th to be upgraded to our Active Subscriber Club. Club members receive a discount code to pre-order Forecast 2023 for only $35!

Here is an example of the MMA daily report written for Thursday, July 21 (issued the night before) when Gold dropped sharply and unexpectedly to its low of 1678.40:

         GCQ: Gold August We got our first preliminary signal that a low may be forming, as Gold dropped to a new cycle low and Silver did not. It needs a close above resistance to attain that status, but it could still drop closer to the middle of our 1675 +/- 25 range for a low.

                Position traders are flat and may go long at 1675 +/- 10 with a stop-loss on a close below 1630.               

               Aggressive traders are flat and may go long at 1675 +/- 10 with a stop-loss on a close below 1640 or buy on a case of intermarket bullish divergence to Silver where one metal takes out last week’s low but not both.

               Very Aggressive traders may buy at 1675 +/- 10 with a stop-loss on a close below 1650.  

Bingo! All of these conditions were met on July 21. The weekly report also captured this low. Since then, Gold has taken off. 


ONLY 4 MORE WEEKS! AUGUST 25, 2022: 1:00 PM, Denver, CO, ISAR Conference, 4-Hour Pre-Conference Workshop by Raymond Merriman on “ASTROLOGY AND THE ART OF FINANCIAL MARKET TIMING: HOW TO FORECAST TRENDS AND MARKET REVERSALS.” Here is your chance to attend the only live one-day workshop on Financial Astrology that Ray Merriman is giving this year! Financial markets offer objective means to test astrological validity. The Moon changes signs every 2-3 days and is valuable for short-term trading. Planetary stations and aspects identify longer-term market reversals. Approximately 4-5 times/year, markets will form important highs or lows, which are the most favorable times to buy and sell for position traders. This course provides research studies showing the correlation of astrological factors to short-term and longer-term financial markets. These studies are important to one’s investment and trading planning. The focus will be on stock markets, precious metals (Gold and Silver), and Bitcoin, and how to integrate astrology with cycle studies to attain optimal market timing advantage. Visit for further information and register for a great event! For a video description of this workshop via interview between Ray Merriman and Conference Coordinator Laura Nalbandian, click this link:

September 9-11, 2022: THE MMA TRADING AND INVESTMENT RETREAT, Troy, Michigan. Hosted at the Michigan State University Education Center, this event will take place both in-person and virtual September 9-11. This special 3-day event will feature long-term, intermediate-term, and short-term analysis of several financial markets, including the U.S. stock market, Gold, Silver, Bitcoin, Euro, T-Notes, and Crude Oil, plus others to be determined. Led by Raymond Merriman, MMA President, and Gianni Di Poce, MMTA Education Director, this retreat will also go into depth with the MMA trading plan – how to use the daily and weekly report data points – and how we assess each market and determine the trading strategy for each day/week based on MMA’s market timing methods. If you are a short-term trader, or an investor interested in the longer- and intermediate-term outlook, this is a special event you will not want to miss! For information and registration, click here. Or drop us an email at 

Disclaimer and statement of purpose: The purpose of this column is not to forecast the future movement of various financial markets. However, that is the purpose of the 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 often cite 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 may affect human activity in the times to come. The author (Merriman) will do this from the perspective of a cycles’ 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 the psychological dynamics that underlie (or coincide with) the news events and their potential effect on financial markets.  

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 of this column assume any responsibility whatsoever for anyone’s trading or investment decisions. Readers of this report should understand that commodity futures and options trading are considered high risk.