The U.S. economy grew in the third quarter but showed signs of a broad slowdown as consumer and business spending faltered under high inflation and rising interest rates. Gross domestic product—a measure of goods and services produced across the nation—grew at a 2.6% annual rate in the third quarter after declining in the first half of the year. – Sarah Chaney Cambon, “Economy Grows, But Warnings Flash,” Wall Street Journal, October 27, 2022.

It was a tale of two markets in U.S equities. The DJIA and S&P soared to new monthly highs on Friday with the former up every day. The tech-heavy NASDAQ topped out on Tuesday, October 25, the day of the solar eclipse, then sold off hard into Thursday before recovering on Friday, but was not able to make a new weekly high.

Nevertheless, the U.S. stock market looks much more bullish now, following the final passage of Saturn square Uranus with Jupiter on its midpoint, and semi-square to each, during the last week of September. There was a lower secondary low on October 13 as Mars squared Neptune the day of the CPI report, but by the end of that day the DJIA was up over 800 points. The majority of the 2022 bear market decline was thus completed by September 30 as the most powerful aspect configuration of the year ended.

For the record, the DJIA dropped 8291 points from its all-time high on January 5, 2022, which occurred less than 2 weeks following the third and final exact waning square between Saturn and Uranus. The intraday bottom on October 13 was about two weeks after the last nearly exact aspect of the Saturn/Uranus square, nine months later. In just two weeks since then, the DJIA has gained over 4200 points. In other words, it has recovered over half of its losses of the first 9 months of 2022 in just the last two weeks. That’s quite impressive and strongly suggests that the low of October 13 was a longer-term cycle, although it will take several more weeks to confirm. Stated another way from a geocosmic perspective, the all-time high in the U.S. stock market occurred with the end of the three-passage series of the exact Saturn/Uranus waning square. A 9-month bear market then ensued that lasted right until the end of the fourth and final instance of the Saturn/Uranus square. Thus, under Saturn/Uranus, we witnessed the end of a bull market and the end of a bear market of longer-term cycles, assuming the low of October 13 holds. One should never underestimate the power of Uranus in such a long-term planetary aspect.

In other global stock indices, we note similar impressive rallies, many of which began with the low of September 30-October 3 when Saturn and Uranus were at the closest they come to an exact square in 2022. There were some exceptions. The Shanghai Composite in China, for instance dropped to a new 6-month low on Friday following the conclusion of the 20th National Congress of the Chinese Communist Party. It was even more severe in Hong Kong where the Hang Seng Index closed at its lowest level in 13 years.

In other markets, the combination of Saturn turning direct last weekend and the solar eclipse on October 25 coincided with reversals. Bitcoin, Ethereum, and Silver had stellar rallies from their lows of October 13-14 (Mars square Neptune) to their highs of October 26. Gold also exhibited a decent rally from its new 2-year low on October 21 to a temporary high on October 26. Crude Oil may be starting a new rally phase as Jupiter retrograded back into Pisces last week, although the price needs to continue that rally above last week’s high to strongly suggest this is indeed a new cycle and bullish. But it is a start.


There is a lot going on in the cosmos, though not quite as significant as what was experienced in the last ten days of September.

First, Jupiter has returned to Pisces as of Friday, October 28, where it remains until December 20, when it returns for another run through Aries into May 2023. You may remember that during Jupiter’s last passage into Pisces, December 29, 2021 through May 16, 2022, inflation exploded and the stock market started its bear market as doubts emerged about the Fed’s and U.S. government’s lack of foresight to understand that their policies were inflationary. This misjudgment also led to an explosion in commodity prices, especially in energy, metals, and foods. There is reasonable concern that another misjudgment may be about to take place when the FOMC meets next week and gives an update on the future of its interest rate hikes. Many expect the Fed to announce another ¾% increase, but also that it will slow down the pace of rate hikes after this.

The concern (for us) is that this meeting and announcement will take place right after Mars turns retrograde at 25° Gemini on Monday, October 31. It will also be within the orb of a square to Neptune at 22° Pisces, in opposition to the U.S. natal Neptune at 22° Virgo. This is not an indicator of sound judgement or ability to follow one’s plan of action as the retrograde Mars will remain in the orb of the square to Neptune through November 19. Mars wants to appear to be bold. But when retrograde, bold is not always advisable, for this is when aggressive actions or pronouncements are apt to be problematic. The results do not usually come out as expected. Plus, when square to Neptune, something is missing in the calculation. You need more time and data to be certain, for this is an aspect of uncertainty or lack of data essential to making a good judgement. In other words, I think they are in a bit of a fog about what to say and do. They may promise something which they really cannot deliver as projected. 

In any event, the cosmic fireworks for financials may not be over either. The end of next week finds the Sun and Venus starting a T-square to the departing Saturn/Uranus waning square, November 5-11. Of most importance may be the Venus opposition to Uranus on Saturday, November 5, one day after the employment reports come out. There could be a surprise here. Equally as important may be the lunar eclipse on November 8 and the Sun in opposition to Uranus on November 9, which will cover the U.S. midterm election results. This will likely involve more surprises. Both aspects of Uranus can correlate to wild moves in financial markets, especially interest-rate related markets such as Treasuries and currencies.

Keep in mind that any market near its multi-month low or high is vulnerable to breaking that support or resistance. If not, then these aspects can correlate with sudden and sharp reversals. The market activity of this period may very well determine whether the U.S. and other world stock indices are in a  bull or bear market. Right now, an argument can be made to support either outlook, which is par for the course when Mars turns retrograde and there are a series of hard aspects with Uranus occurring nearby. Rule for this week: don’t be so certain. You don’t really know what you don’t really know. Better to know that.


NOTE 1: LAST DAYS! FORECAST 2023 SPECIAL OFFERS WILL END THIS MONDAY EVENING, OCTOBER 31, AT 11:59 PM! 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.

This Annual Forecast Pre-Order Event also includes MMA’s 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 big bucks off any subscription ($275+) with purchase of Forecast 2023.

Please note that after the pre-sale period ends, the price for the printed edition of Forecast 2023 will increase to $66 on November 1st. The price for the eBook edition will increase to $55.00 after October 31. Thus, if you wish to purchase a printed edition of this year’s Forecast Book, it is best to order now, before October 31, and save $21.00.

Offer to consider: With printers dealing with supply problems in getting paper, we cannot guarantee the printed edition of this year’s book will be completed on time for delivery by December 25. It may or may not be. We think it will. We do know that the book will be written and turned in on time, as usual, and the eBook will be ready on or around December 15. Therefore, purchasers of the printed edition may also wish to also order the eBook this year to make sure they at least get the text in time. MMA offers a “bundle” purchasing plan where those who order the printed edition can also order the eBook for only $20.00. That way, you will be assured of receiving the text for reading over the holidays in case the printed edition of the book is not able to be delivered prior to December 15 as planned.

MMA 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 of Forecast 2023 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. 

NOTE 2: THE OCTOBER-NOVEMBER ISSUE OF THE MMA Monthly Cycles Report Plus+ written by Pouyan Zolfagarnia was last week, October 25. The mid-month addendum to the MMA Cycles report has very attractive graphics and charts (people love it!) and is very readable. It contains more references and illustrations to geocosmics than most MMA Cycles reports and is only available for subscription to those who also subscribe to the MMA Monthly Cycles Report. If you wish to try this month’s addendum, along with the latest issue of the MMA Monthly Cycles Report, sign up online at the link above. Cost for a monthly copy of both reports is $55. That will give you both the most recent copy of the MMA Cycles report and the MMA Cycles Report addendum coming out this week.

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 view this week’s MMA YouTube episode, click here.

NOTE 4: ANNOUNCING THE NEW MMA CYCLES GRAIN REPORT! It’s coming in late January 2023. Edited by top MMTA graduate Wyatt Fellows, this report will provide excellent cyclical and geocosmic analysis on Soybeans, Corn, Wheat, and Cotton. Wyatt owns and operates a large farm in Wisconsin and has a deep understanding of the cycles and fundamentals connected with grain markets. This is a report that all farmers, people connected with the grain business, and traders will want to have access to. We have sent out two Cotton studies by Wyatt so far and the response has been excellent. We will be sending a free sample of this new grain report before January, at which time you will be able to sign up and subscribe to this report if you wish for a special introductory rate. Stay tuned!

NOTE 5: We are also pleased to report that starting with the next issue of the MMA Cycles Report on November 8-9, we will be adding our analysis of the Copper market, written by MMTA graduate and portfolio manager Matthieu Kaiser of Paris, France. We are very excited about this addition, as Matthieu has done exceptional research identifying long-term, intermediate-term, and short-term cycles in the Copper market. Many consider the Copper market to be a leading indicator of the world economy and stock markets. Stay tuned for the first edition of this new market in the following week!


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

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

March 18, 2023: Tentative beginning date of the next series of MMTA courses. We will have exciting news on this in December when enrollment begins for a limited number of students to be accepted for our third 2-year program. We also hope to have a video available for viewing then of interviews conducted with those who completed the second MMTA program in September 2022. Stay tuned! 

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.