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,”, December 4, 2020.

The ‘US equity capitalization / US GDP’ ratio exceeds 180% for the first time in history and global capitalization is flirting with $100,000 billion, or 125% of global GDP, against less than 100% at the previous zenith of fall 2007.’ – Cloture de Wall Street, Société’ General Banque, Paris, Dec 2, 2020, via conversation with a client.

“Your editorial ’The Dow Hits 30,000, (Nov 25) notes that since the 2016 election the Dow has increased from 18,000. Before we celebrate too much, should we consider that in that same period, total public debt has increased from $18 trillion to $27 trillion (a 50% increase)? Is this just a case of debits equaling credits? What happens when all this forward spending ceases or has to be paid back?” – Mark Spencer, “Yes, Cheers for the DJIA 30,000, But Consider the Debt Side,” Letters to the Editor, Wall Street Journal, December 4, 2020. 

The gifts and generosity of jovial Sagittarius just keep piling on. It was another record-breaking week for many global stock markets. In the U.S., all three major indices (DJIA, S&P, NASDAQ) soared to record highs on Friday, December 4, right in the middle of the Sagittarius sun sign season. Sagittarius is known for charity and largeness of … everything. But Sagittarius also tends to overestimate and exaggerate… everything. So, it causes one to wonder: Is the recent surge to new all-time highs COVID-19 cases, deaths, and hospitalizations going to have a negative impact on the stock market after the Sun enters the more restrictive sign of Capricorn on December 21? The same day that Capricorn’s ruler Saturn, will conjoin with Sagittarius’ ruler, Jupiter, for the first time in 20 years? Or will Mars direct in its ruling sign of Aries continue to propel this market into early January when the god of war moves into Taurus?

Underlying the advance in stocks last week were two factors: 1) the progress of vaccines to combat COVID-19; and 2) renewed talk of an on-again, off-again stimulus relief package. The market is betting that vaccines will be deployed any day and will have an impact on reducing the rise in COVID-19 cases and deaths, and also that a stimulus bill will get passed before Christmas. But given the stock market is so overbought, this may be another one of those cases where you “buy the rumor, sell the fact,” which also fits with the narratives of Jupiter and Sagittarius (rumors) versus Saturn and Capricorn (facts).

Speaking of Sagittarius and Jupiter, last week also noted a new post-crash high in Crude Oil. Not only has the Sun and Mercury now entered Sagittarius, but Neptune in Pisces (co-ruler of Crude Oil along with Jupiter and their ruling signs of Sagittarius and Pisces) turned stationary direct last week. Both stock indices and Crude Oil liked that.

For that matter, Bitcoin, the Euro currency, and precious metals also performed well last week, but for different cosmic reasons: last week also hosted the Venus/Uranus opposition. Venus rules currencies and stocks, whereas Uranus rules digitals and technology and perhaps cryptos. In the case of metals, they went back to their standard duty of following currencies. Gold had plunged to a 5-month low of 1767.20 last Monday (lunar eclipse), and Silver fell to 21.96 the same day. Both rallied smartly into Friday, as Gold reached 1852.70 and Silver 24.58. Bitcoin exhibited another bizarre record-breaking performance. It soared to a new all-time high of 19,929 on December 1. But by the end of that trading day, it had plunged nearly 2000, back to test 18,000. It began a recovery into the end of the week, yet not to a new high.

The U.S. Dollar, on the other hand, continued to fall all week to its lowest level since April 2018. Let’s see now: our stock portfolio is appreciating nicely, but its value will buy less and less of goods sold in non-dollar terms. It fits our recommendation to investors over the past year to diversify their dollar-based assets to include more non-dollar currencies, such as the Swiss Franc. You can do that by adding ETFs on the Swiss Franc and Euro into your portfolio.




The most important story in politics for the next month … is the two Georgia runoff races on January 5 that will determine who controls the Senate. If Republicans lose those seats, President Trump will be the main reason, and the main casualty will be his legacy… A 50-50 Democratic Senate, with a Vice-President Kamala Harris breaking ties, means a rollback of the Trump tax cuts. That’s a certainty.– “Trump and the Georgia Runoffs,” Opinion Page, Wall Street Journal, December 4, 2020.

There are several political events to take place in the next month that will potentially affect the U.S. economy and stock market. There are also many geocosmic signatures that will unfold that have strong correlations to reversals in many financial markets. In other words, the political and financial sectors of the world are likely in store for another round of volatility related to the uncertainty in politics.

Let’s start with the next week. President Trump begins a campaign trip to Georgia that is billed to help the Republican senators win the runoff. But will it be to promote their strengths or is it going to a litany of grievances about himself? That may determine whether or not Republicans in the Peach state feel motivated to get out and vote or stay home, feeling their vote doesn’t count, and thus ensuring victory by the Democrats, control of the White House and the two chambers of Congress, and a mark against President Trump’s own legacy?

Heliocentric Mercury enters Sagittarius, December 9-20. That is usually a very volatile period with large price moves in either direction (oftentimes in both directions). Remember: Sagittarius likes things big, like price swings. Right in the middle of that time band, there will be a total solar eclipse in Sagittarius, square Neptune in Pisces. On December 14 – the same day that the electors of the Electoral College meet and formally vote to confirm the winner of the 2020 Presidential Election. Normally this is a routine procedure where the electors vote the will of voters in their states. But usually, by then, the loser of the election concedes. But Donald Trump and his allies have refused to concede, claiming massive voting fraud (so much Neptune), which adds an element of suspense to this otherwise unexciting process. One has to wonder what the president has in mind for this day. After all, the solar eclipse falls right on his natal Moon. It’s could be an emotional day. And a “Sagittarius emotional day” has the promise of something being very big emotionally. Sagittarius doesn’t just cry tears and complain quietly. It can cry crocodile tears and exhibit an abundance of grievances on an enormous scale.

The eclipse also happens to form a T-square to the U.S. natal Mars/Neptune square, which also holds the possibility of something bizarre and strange, maybe even involving the military or police (Mars). The electors may need extra security. With Neptune, there may be a litany of accusations and allegations that will keep fact-checkers very busy. Neptune is more innuendo than truth or facts but can still incite great emotional (or even physical – Mars) reactions. As if that is not enough, the solar eclipse also falls on Kamala Harris’s natal Descendant and progressed Sun. What is happening to her partner (Descendant represents partnerships)?

Maybe everything goes smoothly that day. Solar eclipses correlate with major changes in life, the course of one’s direction (like a nation), but the orb of influence usually begins about 90 days before and lasts about 12-18 months afterward. Nevertheless, Americans need to be alert on December 14 as the electors of the Electoral College meet.

We also need to be alert within a week of December 21 when the 20-year synodic cycle (conjunction) of Jupiter and Saturn takes place, followed by the Mars/Pluto square two days later. Mars/Pluto squares are one of those signatures that warn of possible danger. The conjunction and the three-passage series of the square of Mars/Pluto this year have coincided with sudden outbreaks or escalation of COVID-19 (March 22, August 13, and October 9). That may be the case again, but danger or threats can take other forms too. These are not favorable times to be reckless or take risks where health or safety are concerned. This may also be an interesting reversal period for many financial markets, as we leave the season of Sagittarius for Capricorn then, too. Maybe stock-selling for tax purposes is heavier than usual in the last ten days of the year with a committed “tax-increase presidency” ahead.

There is more to consider, especially in January when Jupiter will form a square aspect with volatile Mars and Uranus (the latter two are conjunct), right around the U.S. Presidential Inauguration. We discuss that in the Forecast 2021 Book now at the printer and due for release December 15. In the meantime, we will also cover this in the monthly MMA Cycles report, which will be released next week, and what it suggests for financial markets.

For now, let’s enjoy the gifts and generosity of the Sagittarian holiday season while at the same time maintaining safe and healthy protocols. After all, Neptune (infections) is still highlighted until February-March. The spring and summer look like breakout times (or rather, the start of the journey back to more normal times).




NOTE 1: ONLY 1 MORE WEEK FOR BEST PRICE! THE MERRIMAN MARKET TIMING ACADEMY (MMTA) will offer its next series of courses starting January 16, 2021! This is only the second time it has been offered since the first class graduated in 2014! And there will not be another offering for at least two years (we have to complete this one first).

MMTA is a rigorous two-year program in the MMA Market Timing methodology of analyzing and trading financial markets developed by Raymond A. Merriman, C.T.A. (registered Commodities Trading Advisor with the National Futures Association since 1982). There will be 8 courses in all, each consisting of 6–7 classes, lasting 2–3 hours each, on Saturday afternoons, starting at 1:00 PM, EST. There will be a one-month break between each course, and a 3-month break between the first and second year of courses. The classes will be offered live online via Zoom.

The course will be taught by Gianni Di Poce, MMTA graduate and apprentice, and Raymond Merriman. The cost for the two-year program is $12,000, with a 10% discount if registered by December 14, 2020, and a further discount if you are a yearly subscriber to one of the MMA subscription reports. It is also possible to sign up for one year ($6600) or even one course ($1800) at a time. In fact, the first six-week course on Cycles and Their Patterns in the Financial Markets” is recommended for everyone. The emphasis will be on long-, intermediate-, and short-term cycles in stock indices plus Gold, but will also other markets for investors and traders. It is the best way to learn the language of cycles as it pertains to financial markets.

SIGN UP NOW, BEFORE DECEMBER 14, 2020 AND SAVE BIG BUCKS!!! Don’t miss your opportunity to get in on the ground floor of MMTA’s educational and training models if you are truly interested in learning the principles and value of financial market timing. There is nothing else like this available today.

To learn more about MMTA, check out the 45-minute video discussion with Raymond Merriman and Gianni Di Poce. Click here. For more information on registration and requirements for enrollment, please visit our MMTA page to learn more about this opportunity to learn market timing the MMA way. 

NOTE 2: The Forecast 2021 Book is now at the printer and on schedule to be released on December 15. The cost is $55.00 plus postage for the print edition (no postage, of course, for the e-Book edition). There is a discount for those who order both the print and e-Book editions together. Our outlook is that 2021 will be another very important year with the long-term Saturn/Uranus waning square aspect taking place. February through December 2021. Although 2020 is not yet over, several forecasts made in the 2020 book have already unfolded. For a review of the Forecast 2020 Book so far, please visit our Scorecard.

This year’s printed and/or e-Book versions of Forecast 2021 will also be available in these languages:

German: or email at



In addition to this year’s Forecast book, we are offering a separate publication for those who enjoy the yearly trends for the twelve individual signs. It is titled “Trends for the Twelve Signs 2021,” and written by Antonia Langsdorf-Merriman and Ray Merriman. It, too, is at the printer now and due out any day. The cost of this book is $25, with a further discount if ordered with the Forecast 2021 Book.

NOTE 3: MMA is pleased to announce that it is publishing a new book titled Great Conjunctions: Shifting Times, by one of the world’s leading Mundane Astrologers – Chris McRae of Edmonton, Alberta, Canada. This a fascinating book on the history of Great Conjunctions involving the outer planets throughout history. It is especially appropriate today because 2020 was such a year exhibiting Great Conjunctions. In fact, the grandest of all outer planet conjunctions – the Jupiter/Saturn synodic cycle – will take place on December 21, 2020, so this book is timely. The insights that McRae provides on these rare but remarkable configurations will make this one of the most valuable additions to the field of Mundane Astrology. The book is due to be released by January 2021. The cost will be $24.95, but you may pre-order it at the pre-publication price of $19.95 until further notice.

NOTE 4: The ICR (International Cycles Reports) will be released this week, December 8-9. The ICR Financials includes analysis on ASX (Australian Stock Index), RUT (Russell 2000), SSE (Chinese Shanghai Stock Composite), HSI (Hang Seng Index), AUD (Australian Dollar), DXY (US Dollar), and GBP (British Pound). The ICR Commodities Report includes analysis on LC (Live Cattle), MJ (Cannabis), XAU (Gold and Silver), KT (Coffee), KA (Sugar), C (Corn), and W (Wheat). These reports are written by MMA Analyst and editor Mark Shyterman (metals, stock indices, and soft commodities), MMA President Raymond Merriman (China’s Shanghai Composite Index), MMA Analysts Ken Liao (Hang Seng) Ulric Aspegren (Currencies), Isabella Suleymanov (Grains), and Gianni Di Poce (Australian ASX and Dollar, Cannabis (MJ), and Live Cattle). Order now to make sure you get this month’s report! Consider a one-month trial for only $35.




January 16, 2021: The first six-week course of the 2-year program of the Merriman Market Timing Academy (MMTA) begins! This course is titled Cycles and Their Patterns in the Financial Markets” and is recommended for everyone. It does not require a background or knowledge of astrology. The emphasis will be on long-, intermediate-, and short-term cycles in stock indices plus Gold, but will also cover currencies, treasuries, Crude Oil, and grain markets for investors and traders. It is the best way to learn the language of cycles as it pertains to financial markets, and with this course, you will understand where you are in any given cycle and the trading/investment strategy that goes with that phase of the cycle. Once you take this course, you will look at price charts with a completely different set of eyes. Charts will make sense to you. The cost for this six-week course via zoom is $1800, which may be applied towards discounted rates on future courses and books. The course comes with a workbook and PowerPoint slides along with MP4 recordings of the live classes. For details, see the above announcement, or visit MMTA.

February 14, 2021: The Annual MMA Forecast 2021 Webinar. More on this later, but Save the Date for now. It is a Sunday.


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 a 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 hence potentially affect 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.