Employers adding a measly 266,000 new jobs – sharply missing Wall Street’s expectations – amid a growing shortage of available workers. The unemployment rate unexpectedly rose to 6.1% — while it’s still well below the April 2020 peak of 14.7%, it’s about twice the pre-crisis level, the Labor Department said in its monthly payroll report, released Friday morning. Economists surveyed by Refinitiv expected the report to show that unemployment fell to 5.8% and the economy added 978,000 jobs. – Kristen Altus, “US Labor Secretary on Why Americans Aren’t Going Back to Work,”, May 7, 2021.

In any event, a pullback in world equities didn’t start last week, the first week of May– the first week of the month that investors love to chant, “Sell in May and go away.” The only problem is that “selling in May and going away” for more than a month hasn’t worked since 2015. It used to be that you could sell in May and return in October and not miss much. But that hasn’t been the case for several years now. Maybe it will return this year because we have an intermediate-term market cycle that is due, which we will discuss at length in the monthly MMA Cycles Report that comes out this week, and the “Mid-Year Market Review” webinar that will take place May 22 (see “Announcements” below).

Instead, global stock indices were up last week, with several (but not all) reaching new all-time or new multi-year highs. It’s this kind of gravity-defying behavior that inspires many new investors and traders to jump on board now with romantic thoughts (Neptune is still in Pisces) of becoming instantly wealthy. In modern day lingo, it’s FOMO time – Fear of Missing Out. Between FOMO and FAANG (Facebook, Amazon, Apple, Netflix, and Google), one could easily suffer from a deadly KISS (Keeping It Simple Stupid) mentality. Navigating market investing or trading is anything but simple. Exciting, yes. But deadly pursuits can be exciting, until they become tragic. Ask any number of the recent GameStop victims.

Last week witnessed new all-time highs in several world equity markets, including the Dow Jones Industrial Average (DJIA), S&P, the Netherlands AEX, and the Australian ASX. Almost all world indices rallied, other than China’s Shanghai Composite.

Gold and Silver had excellent weeks. Gold soared to 1844.60 on Friday, its highest price since mid-February. Similarly, Silver tested 28.00 on Friday for the first time since late February. But once again, the star performers were the grain markets. Corn, Wheat, and Soybeans all continued rallies to new multi-year highs, and in the case of Corn and Soybeans, they are nearing their all-time highs. Currencies were also strong last week as the Euro rallied to its highest level since February, while the U.S. Dollar fell to its lowest mark since the same time. Bitcoin stayed strong, testing 59,000 last week, still a little off its all-time high of 64,900 on April 14. But Ethereum, another popular cryptocurrency, surpassed 3600 on Friday for the first time.


Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending.– Jeff Cox, “Treasury Secretary Yellen Says Rates May Have to Rise Somewhat to Keep Economy from Overheating,”, May 4, 2021.

Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday.– Jeff Cox, “Fed Warns About Potential for ‘Significant Declines’ in Asset Prices as Valuations Climb,”, May 6, 2021.

No one can say they weren’t warned. Now, both Treasury Secretary Janet Yellen and members of the Fed floated comments that rates may rise, and assets may soon have a significant decline. That’s how it starts – with the central bank or a member of the administration dropping the idea as “just a possibility.” It’s coming, and everyone is now forewarned. But with Friday’s unexpectedly weak jobs report, maybe that rate increase idea will be stalled for at least another month. Jupiter moving into Pisces this week would support that view. As it moves into Pisces, it will form a trine to Pluto, and a sextile to the Sun, in the founding chart of the Federal Reserve Board (December 23, 1913). These are considered “soft,” or harmonious aspects, and when Jupiter is involved, the Fed tends to be accommodative, not restrictive.

In the study of astrology, we call the movement of a planet from one sign to the next an “ingress.” Jupiter will ingress from Aquarius to Pisces this week, May 13-July 28. Ingresses correspond to a change of collective psychology regarding the principles of that planet and the signs involved. Jupiter’s main principle is one of exaggeration, expansion, growth, and optimism. Aquarius is the sign of humanitarianism, space, technology, and innovation. In Aquarius, Jupiter provides a large, optimistic, and exciting vision about the future of humanity, especially as it involves technology or outer space.

The sign of Pisces is also imaginative, but more emotional and intuitive (some might even say spiritual) than inventive or intellectual. As a water sign, and thus pertaining to emotions, the ingress of Jupiter implies a more emotionally-driven collective psychology. It covers the whole spectrum from “irrational exuberance” to hysteria and panic.

Intermediate and long-term market cycles tend to form when Jupiter is in mutable signs. Pisces is one of the four mutable signs, and probably the most prone to market reversals of all the changeable, mutable signs. This is especially true with equities, metals (more Silver than Gold) and Crude Oil. If a financial market is making a new multi-month high then, it usually stops and reverses sharply down. If instead a market is falling hard to a multi-month low, it can qualify as a long- or intermediate-term cycle trough and then reverse upwards.

It is possible to see both types of cycles (crest and trough) unfold in this period, especially as Saturn will also make its second passage in its waning square aspect to Uranus on June 14. Very sharp but possibly short-lasting price changes tend to happen then. Remember: the first passage of February 17, 2021, coincided with the multi-year highs in several world stock indices, especially in Asia. The next passage might be equally as important. 

Danger and Opportunity. That’s the nature of Saturn and Uranus combined with Jupiter in Pisces. We remain vigilant for the Saturn/Uranus square to possibly manifest as a stock market crash. It has done so in every alternate instance of its 45-year cycle (1930-31, 1839-40). So far, however, stocks keep rising to new heights and investors experience the conflict between staying in and continuing to register gains, or exiting for fear that at some point, soon, the valuations will just be too high to sustain further rallies and markets will fall hard, causing enormous financial pain if they don’t lock in profits while they can.

It’s the oldest market conflict of all: greed versus fear, Jupiter versus Saturn. And until this week, May 13, they have been in the same sign, Aquarius, since the winter solstice of December 21, 2020. This has been a very bullish period. Now Jupiter will ingress into Pisces, a mutable sign, May 13-July 28. Here is where markets likely experience greater extremes. With mutable signs, the highs and lows are often exaggerated, both in terms of market prices and the psychological mood of the collective.

Everyone will have the opportunity to enjoy life to a greater degree these next few weeks. This can be a party aspect, a love fest, and one of renewed joy socializing with others after such a long period of stress and isolation. It can also be a time of heightened romantic impulses. However, remember what happens if you party too hard, take too great of risks, and don’t apply measures of self-discipline. Hangovers and losses can follow. This is also the meaning of Jupiter in Pisces at the same time Saturn squares Uranus.


NOTE 1: THE NEXT ISSUE OF THE MMA Monthly Cycles Report will be released this week, Tuesday, May 11. Every issue provides MMA’s intermediate-term and near-term outlook for the U.S. stock market, Gold and Silver, Treasuries, Euro Currency, Crude Oil, and Soybeans. Each issue also contains MMA’s original geocosmic critical reversal dates (CRDs) and Solar/Lunar reversal dates over the next several weeks for DJIA, Gold, and Silver, complete with trading strategies for position traders during the next month. If you are not a subscriber to the monthly MMA Cycles Report and wish a copy of our outlook for financial markets, consider trying the May issue for only $35.

NOTE 2: THREE MORE WEEKS! MMA’S FINANCIAL MARKETS WORLD WEBINAR AND FORECASTS 2021 UPDATE WILL TAKE PLACE MAY 22, 2021, 12:00 PM MST: This broadcast will take place on Saturday, May 22, 2021, 3:00 PM EDT (that’s 12:00 PM PDST, 8 PM UK, 9 PM CEDT. 5 AM Tokyo, 6 AM Sydney). In the comfort of your own home or office, you can tune into Raymond Merriman’s  Webinar on Financial Markets and Forecasts 2021 Update. This 2.5-hour webinar will give an intermediate-term update on several financial markets that were covered in the Forecast 2021 Book, including the U.S. stock market, Gold, Silver, Crude Oil, the Euro currency, and Bitcoin. This will be an especially timely presentation because 1) the 12-year Jupiter orbital cycle will be making its first entrance into Pisces on May 13, and 2) May 3-July 9 has been highlighted as one of the more probable times in 2021 for an intermediate-term (and possibly long-term) trend reversal in several financial markets, including world stock indices. Joining Ray to share their outlook will be Ulric Aspegrén (Euro, U.S. Dollar) and Gianni Di Poce (U.S. Treasuries, Crude Oil). Ray will be covering equities, metals, and Bitcoin. There will be a Q&A with attendees during this webinar. The cost to attend is $55.00 and includes the slides of the presentation, plus access to the video recording of the event. If unable to attend live, you can still sign up, as everyone who orders the Webinar will receive the video recording following the live event. See details below, under EVENTS. Or, for more information, go to, Shop> Webinars. Or go to and SIGN UP NOW TO LOCK IN YOUR PLACE for this event!

NOTE 3: Every so often I get asked for a referral for an astrological consultation. There are many excellent professional astrologers in the world, and some-not-so-excellent ones too. I recommended one last that has served my own family and close friends for many years (there are actually several, but I am only going to recommend one of them at this time). Her name is Erin Sullivan, and her email contact info is Her website is and I think she has an uncanny awareness for what is going on in the world related to the position of major transiting planets. And the most important tool of any professional astrologer, in my opinion, is mastery of transits and how they relate to the stages of life one is going through. If you want to understand what you are going through in these challenging times, and what is coming up in regard to your career, finances, relationships, and physical or emotional health as indicated by cosmic cycles, contact Erin while she still does consultations. 


MAY 22, 2021, 12:00 PM MST: MMA’S FINANCIAL MARKETS WORLD WEBINAR AND FORECASTS 2021 UPDATE. This 2.5-hour webinar will give an intermediate-term update on the U.S. stock market, Gold, Silver, Crude Oil, the Euro currency, and Bitcoin, and possibly other markets as well. Joining Ray to share their outlook will be Ulric Aspegrén (Euro, U.S. Dollar) and Gianni Di Poce (U.S. Treasuries, Crude Oil). Ray will be covering equities, metals, and Bitcoin. There will be a Q&A with attendees during this webinar. Is the 16.5-month cycle in stocks about to peak? Is the 31.33-month cycle low in Gold in or still ahead? Is the “boom” in Bitcoin over? What about the rallies in Crude Oil and the Euro? Are they just beginning or about to end? The cost to attend is $55.00 and includes the slides of the presentation, plus access to the video recording of the event. If unable to attend live, you can still sign up, as everyone who orders the Webinar will receive the video recording following the live event. Go to and SIGN UP NOW TO LOCK IN YOUR PLACE for this event!

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.