Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation. Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%. In another blow to the Fed’s anti-inflation efforts, average hourly earnings jumped 0.6% for the month, double the Dow Jones estimate. Wages were up 5.1% on a year-over-year basis, also well above the 4.6% expectation. – Jeff Cox, “Payrolls and Wages Blow Past Expectations,”, December 2, 2022.

Yields on longer-term U.S. Treasurys have fallen further below those on short-term bonds than at any time in decades, a sign that investors think the Federal Reserve is close to winning its inflation battle regardless of the cost to economic activity. A scenario in which short-term yields exceed long-term yields is known on Wall Street as an inverted yield curve and is often seen as a red flag that a recession is looming. – Sam Goldfarb, “Treasury Yield Curve Inverts to Deepest Level Since 1981,” Wall Street Journal, November 30, 2022.

The holiday joy continued for world equity markets after Fed Chair Powell’s comments on Wednesday that rate hikes won’t end, but may ease the pace of their ascent. On that news, most of the world stock indices made new cycle highs on Thursday-Friday, December 1-2, and in some cases they exceeded the highs of their previous primary cycles made in mid-August.

In Europe, all four of the indices we track took out their highs of August except the Netherlands AEX, which missed by less than two points.

In Asia and the Pacific Rim, all markets rallied last week, but only the Australian ASX and India’s Nifty took out the highs made back in July-August. The Nifty was even more spectacular, soaring to a new all-time high on Friday. China and Hong Kong rallied to their highest levels since September, but Japan’s Nikkei index failed to even take out the prior week’s high, for a case of intermarket divergence in that region.

In the U.S. the DJIA surged to 34,595, its highest level since April. The S&P and NASDAQ made new cycle highs on Thursday, but remain well below previous primary cycle crests made in mid-August for a developing case of intermarket bearish divergence here, as well.

Precious metals had a stellar week with Gold soaring to 1818.70 on Friday, up $200 from its yearly low of 1618.30 made only one month ago, November 3. Its previous primary cycle crest was 1824.60 on August 10. Silver also blasted off, rising to 23.47 on Friday. That is its highest price since April. Bitcoin also experienced a modest rally, up to a high of 17,276 on Thursday after its yearly low was made on November 21 at 15,479. It still isn’t safe as we describe in our weekly and daily reports. Crude Oil was also interesting, dropping to a new cycle low of 73.60 on November 28, very close to Trader Joe’s publicly stated target $67-72 to replenish the nation’s Strategic Petroleum Reserves. By Friday, it had rallied back to $83.34. Did he miss it? Or was he in there fading (buying) the market before it reached his objective?

All in all, it was a week typical of several planets in the optimistic sign of Sagittarius. But there are cosmic minefields ahead these next two weeks that could bring forth some whipsaws.


“Earmarks are one of the most corrupt, inequitable, and wasteful practices in the history of Congress,” read a letter signed by representatives of 15 groups. The GOP swore off earmarks in 2011, when it stood for something other than investigations. But when a Democratic Congress in 2021 announced intentions to bring them back, GOP trough-feeders rushed to sign up… Self-awareness isn’t one of the modern GOP’s strong suits, as House Republicans proved again this week. – Kimberley Strassel, “The GOP Spending Poseurs,” Wall Street Journal, December 1, 2022.

As discussed last week, we have exited the time band for several favorable Jupiter aspects, but remain under Sagittarius (Jupiter’s home sign). Both Jupiter and Sagittarius like things to be big and optimistic in thought and behavior, but can also be given to exaggerating just how good things really are, when maybe they are not quite that positive. But hey! Who wants negativity? Certainly not Jupiter and Sagittarius. Get out of Sag’s house if you are a pessimist! Go next door to Scorpio or Capricorn, please.

Now what happens when you bring in Neptune and Mars over the next two weeks? Neptune turns direct this weekend, followed by Venus and the Sun making a square to it, December 4 and 14. During the middle of this period (December 8-9) there is a full Moon in Gemini conjunct Mars retrograde. Neptune is passive and Mars is aggressive. And the Sun and Venus are in Sagittarius, which is exaggerative. That should be fun. It’s a combination where truth and clarity are apt to be hard to identify, and facts are at a premium compared to fabrication, rumors, and intent to avoid accountability, which is in abundance. In this type of geocosmic environment, markets can experience sharp price swings. Equity levels were at cycle highs last week, but the cosmic picture suggests there could be a sharp pullback starting at any time this week.

Speaking of Neptune’s propensity to mislead and misdirect, note Kimberley Strassel’s Wall Street article on Friday quoted above regarding politicians’ promise to be financially responsible, then their eager willingness to abandon their fiduciary responsibility by bringing back pork into any and all bills while inflation is increasing.


“Culturally and personally, we ought gradually to reorient ourselves towards moral excellence, pursuing fairness, resilience, and compassion, recognizing that victimhood is not a virtue.” – Richard Gunderman, M.D., Indiana University, “Tweets of the Week,” Arizona Republic, November 26, 2022, 

President Biden has tried to pull a constitutional trick for the ages by ordering the forgiveness of up to $20,000 per borrower on his own authority. Congress had given the executive no such power, as even Mr. Biden had previously noted. But an election loomed, Democrats looked to be in trouble, and in August the President declared one of the greatest vote-buying exercises of all time. If a President can burden taxpayers to the tune of $420 billion with so flimsy a legal rationale, and without the consent of Congress, we are close to government by King that America’s Founders wrote the Constitution to avoid. “Biden’s Loan Forgiveness Reckoning,” Opinion Page, Wall Street Journal, December 2, 2022.

Speaking of fiduciary responsibility…. It is a nice gesture to offer college loan forgiveness via the nation’s treasury funded by citizen’s taxes. However, the U.S. is in so much debt, which has contributed to this historic rise in inflation, that one has to wonder why the U.S. leadership thinks it is a good idea to forgive individual loans of any part of the population. Is it fair to those who also have debts, but not for college degrees to be paying for loans willingly agreed to by college students, present or former? If anything, shouldn’t these loans be paid for – forgiven – by the universities that have increased their tuition and fees to such an astonishing and profitable rate in the past few years? My granddaughter (yes, I have granddaughters about to go to college) just got accepted into an excellent and prestigious college. Guess what the annual costs are to attend this university? Over $80,000. For one year. Just a little more than 12 years ago, two of my children were paying $10,000-20,000/year for their university education. How did this happen?

The case of whether Biden’s executive and unilateral decision (without consent from Congress) to forgive student loans is legal or not will now come before the Supreme Court. But the point I really want to get at is: should entities in debt ought to be going further into debt by forgiving loans to others who agree to take on that debt? The question of who is really in a position to be forgiving debts is a timely Pluto/Neptune theme?

If anyone should be forgiving debts, perhaps it should be the Federal Reserve, which has transiting Pluto in opposition to its Neptune now. It added handsomely tour national debt by printing money out of thin air and then loaning it to a careless Congress to spend as if the concept of Modern Day Monetary Theory is anything other than an expression of an overactive Neptune pipe dream. And the piper will have to be paid by someone at some point, because …  money ain’t for nothing.

I think when Pluto enters Aquarius back and forth five times between March 23, 2023 and November 19, 2024, we will have to have this conversation. After all, 0° Aquarius is the “super charged degree” that began the “New Aira” (thank you, Kat Powell, for that term), when the 20-year Jupiter/Saturn synodic cycle kicked off on December 21, 2020, ushering in a 140-year period where the next several Jupiter/Saturn cycles will all take place in air signs, something that hasn’t happened in about 800 years. Jupiter and Saturn also represent new directions in education. In Aquarius, education on all levels is headed for free, for Aquarius wants the freedom to learn as well as freedom from oppression and debt, which are all closely intertwined. The seeds for this renaissance are being planted from 2023 through 2026 as outlined in this year’s Forecast 2023 Book (see Announcements below). 


NOTE 1: Last week, subscribers of MMA Reports received the pilot issue of the soon-to-be-available MMA Cycles Grain Report. Edited by top MMTA graduate Wyatt Fellows, this report was well-received  by traders as well as those involved in farming operations. And no wonder: Wyatt not only owns and operates a large family farm enterprise in Wisconsin, but he also has a deep understanding of the market timing methodology of MMA, as did his father before him, who was also a graduate of MMTA in 2013-2015.

Grains are very important to the world economy at this time (due to increased demand and shortages), and Wyatt’s analysis of Corn, Wheat, Soybeans, and Cotton cycles is excellent. This may be one of the most valuable (if not the most valuable) market reports on grain markets that you will find, from a fundamental or market timing perspective for traders. If you are not a subscriber and would like to consider subscribing to this report and/or wish to see this pilot issue, please drop a line to our staff at 

NOTE 2: FORECAST 2023 is completed and the eBook (English) version was sent out on Friday. It’s early! The print edition is still on schedule to be sent out by December 15. You can still pre-order the print edition prior to December 8 to ensure the fastest delivery. Or, if you want the book now, it is available in eBook format. And we have to say: this year’s book may be the best one yet. Each year gets better and better.

The price for the printed edition of Forecast 2023 is $66 as long as supplies last. And the price for the eBook edition is $55, and will be available even if the printed edition sells out as it did last year.

AND NEW – An Abridged Edition of Forecast 2023 will be available via eBook and Audiobook on this year! This shortened edition will sell for $15.00 and will include all chapters except the financial markets and the calendar/ephemeris pages in the back of the annual book, or about half the size if the full edition. In other words, the abridged edition will include the 8 chapters on the Mundane Astrological outlook for the year (and the next 5 years) based on the long-term planetary cycles and their historical themes over the past several centuries. It will also include the retrograde time bands of Mercury, Venus, and Mars and their importance in 2023, as well as projections for each of the seasons in 2023 based on their cardinal ingress charts. Doing an Abridged Edition of the Forecast Book at a very affordable price in eBook and especially audio format is something new for MMA, and an excellent choice for those who enjoy listening to books while driving, walking, or working out. The narrator is Thomas Miller, the well-known astrologer and podcast host of “Fun Astrology” (but it is also serious astrology, at Thomas has an excellent voice from years in radio broadcasting. Stay tuned for how to order the Forecast 2023 Abridged Edition in eBook or audiobook format next week.

This year’s printed and eBook versions of the full Forecast 2023 Book will also be available in these languages:

German: or email at



NOTE 3: Trends for the Twelve Signs 2023 is now available at as an eBook in English and German!!!. Click here to order from Amazon. And soon (next week?) it will also be available as an audiobook via, narrated by Thomas Miller! There are a lot of excellent sun sign books on the year ahead. However, we don’t think you will find a more insightful and well-thought out book dedicated to the yearly trends for the twelve individual signs than this one. It is, in our opinion, the finest of all the 2023 sun sign books. Period. The book, Trends for the Twelve Signs 2023, is written by Antonia Langsdorf-Merriman and Raymond Merriman and is also available directly through MMA, print or eBook edition. The format of this year’s book covers the outlook for health, relationships business, career, finances, and overall psychological factors of each sign for the year. It includes specific birthdates that are affected by the major geocosmic transits within and to each sign. The cost of this unique book is $25-30 (eBook versus print edition), with a further discount if ordered together with the Forecast 2023 Book.

NOTE 4: TUNE INTO MMA’S WEEKLY YouTube Channel on the geocosmic climate related to financial markets hosted by MMTA Educational Director Gianni Di Poce. Special guest this week is Wyatt Fellows, MMA’s new Grains analyst (see note above), speaking on Corn, Wheat, Soybeans, and Cotton, along with Gianni’s analysis on financial markets. 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 view this week’s MMA YouTube episode, click here.


January 6, 2023: MMA CHINA WEBINAR FORECAST 2023 WEBINAR! Financial markets review for the China SSE stock index, Gold, Crude Oil, DJIA and Bitcoin: Details and registration will be announced next week. 

February 19, 2023: ANNUAL MMA FORECAST 2023 WEBINAR with Ray Merriman. Details and registration will be announced soon.

March 18, 2023: The third MMTA – Merriman Market Timing Academy) since 2013 will begin. This two-year course will change your life and how you view financial markets. With this course you will know where the market is at any given interval of time, and the trading or investing strategy to employ. Watch for details soon on cost, discounts for early application, and how to enroll.

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.