Note: I am abroad for courses the next two weekends. This column will be written on Thursday, one day before normal, while I’m here. This week’s column is written on Thursday, June 6, before the jobs report of Friday, June 7.
Falling bond yields are signaling a growth slowdown and the yield curve is inverted in what nearly always predicts a recession if it continues for three months. Mr. Trump seems to believe the Federal Reserve can make everything great again by cutting interest rates…. U.S. tariffs have a negative impact on growth around the world, which in turn hurts U.S. exports. … Mr. Trump and his Republican fellow-travelers say the doomsayers were wrong about the initial round of China tariffs, (but the) initial tariffs were dwarfed by the growth effects of tax reform and deregulation… (and) the damage from tariffs will rise if they increase in severity and are imposed impulsively. Sooner or later bad policies always exact a high economic and political cost. Wall Street Journal Editors, “Washington’s Anti-Growth Turn,” June 6, 2019.
Two new analyses show that the tariffs Mr. Trump is using to punish China, Mexico, Europe, and other governments would more than wipe out any gains from his $1.5 trillion tax cut for low- and middle-income earners. – Jim Tankersley, “Trump’s Tariffs Could Wipe Out Many Gains From His Tax Cut,” The New York Times International, June 5, 2019.
“And a lot of people, senators included, have no idea what they’re talking about when it comes to tariffs. They have no – absolutely no idea.” Donald Trump, from “Trump: Senators ‘Have No Idea What They Are Talking About’ On Tariffs,” by Brett Samuels, The Hill, June 6, 2019.
Greetings from Beijing, where I am on the ground floor of the trade dispute between the world’s two largest economies. It is surreal. On CNN, I watched the D-Day ceremonies taking place between the USA, the United Kingdom, and France, in which the U.S. President looks downright presidential as he promised a great trade deal between the U.S. and Great Britain, the world’s fifth largest economy. Then I switch to another station, where an impressive ceremony was taking place between China’s President Xi Jinping and Russian President Vladimir Putin, as they agreed to a huge historic trade deal. Great trade deals are happening all over the world, as they should be with Jupiter in Sagittarius. Except in America, where they are promised over and over again, but have yet to be delivered, which is also typical of Jupiter in Sagittarius forming a waning square with Neptune in Pisces. The waning square is arguably the most difficult of all aspects to integrate successfully, but it can be done if there is trust between all parties involved. Yet when trust is violated or absent, all bets are off, and the more common result is name calling and finger pointing to justify the failure to deliver on the promise.
Be that as it may, the U.S. and world equity markets rebounded strongly from their month-long decline that ended on Monday, June 3. After falling over 2,000 points in the month of May, the Dow Jones Industrial Average exploded Tuesday-Thursday (as this is being written), recovering over half of that month-long decline in just three days. Gold and Silver also shot up, with Gold testing its high of this year (near $1,350) on Wednesday. Just one week ago Gold was testing its low, and Silver was making its low. What changed? The Federal Reserve Board Chair Jerome Powell stated last Tuesday that he may be open to an interest rate cut. That did it. An old cycle ended and a new cycle began, right on the new Moon – which is symbolic of a cycle ending and a new cycle beginning.
But how long will this new venture into the next bout of Jupiter/Neptune’s “irrational exuberance” last? We will soon find out, as the second of three passages of this “great illusion” unfolds on June 16. But the craziness, the bizarreness, and even hypocrisy inherent in this aspect are already starting. As stated many times before in this column, you won’t believe (and should not accept without proof) what you are about to see, hear, and read. I cannot think of an aspect more unreliable, more out of touch with reality and truth, than the planetary combinations in effect now, and especially during the period of June 9-24. Here we are. Fasten your seat belts and be prepared to be entertained at best, disillusioned and perhaps even disappointed at worst, as leaders of the world are likely to demonstrate whether they are inspired, or just flat out peculiar and living in fantasy land.
Who will be most challenged to have a reality check? Those who have planets between say 17-21 degrees of mutable signs (Gemini, Virgo, Sagittarius, and Pisces). That would involve individuals born June 8-13 and every 90 days afterwards, for the Sun would be in those degree sectors. It may be a very favorable time to engage in celebrations and festivities of great pomp and glamorous ceremony. However, it is not the most favorable time to exaggerate facts, to make promises that cannot be kept, or to violate promises already made, unless you wish to incur the ire of others who see you as untrustworthy and unreliable.
How will this affect financial markets, and which ones are most prone to reversals? Certainly, Crude Oil is one market that stands out, as both Jupiter and Neptune, and their ruling signs of Sagittarius and Pisces, are involved, and all pertain to Crude Oil. If you trade Crude Oil, this may be an important time to consider Nitin Bhandari’s “Time for Crude Oil” report, offered by MMA. In fact, any market that is rising or falling sharply into this period is a candidate for a major reversal. It is, after all, one of the strongest geocosmic-populated time bands of the year.
Have fun! But make no promises and try to avoid making a fool of yourself. With Jupiter square Neptune, it is like a party, but with the potential for embarrassment over whatever you did to excess, and the hangover that follows. The same goes for speculation. Make a huge profit, but remember to take the profits before they evaporate due to inattention and complacency. Your intuition may be spot on, but if discipline is missing, it will surely show up in your final trading results.
And one more thing to remember as traders: sell the rumor, and buy the fact. Or is it the other way around? With Jupiter square Neptune, who knows? But one thing we do know from the study of these planetary factors in effect the next two weeks is this: there will most likely be plenty of rumors and very few facts.
NOTE 1: The new MMA website is up! It looks good – works even better. Alie did a great job. Our website address will remain the same, however, you will need to establish a new username and password now that the new site has launched. Please visit our new website HERE and register on the right side with your email address and create a password. Once you have registered, you will receive a confirmation email with a special coupon code for a future purchase as a thank you for creating your account with us!
NOTE 2: The MMA Cycles 2020 Vision webinar series continues. Mark your calendars for June 22, 2019 at 1pm, EDT when MMA presents: “RE-FOCUS YOUR INVESTMENT STRATEGIES: ALL CYCLES LEAD TO 2020.” This live 2-hour webinar will be led by MMA Analyst Kat Powell. It will feature an in-depth look at longer-term cycles, trend patterns, and price targets for Silver and Soybeans, with select additional markets. Kat will also share her research highlighting geocosmic patterns correlating with the current Tariff Wars. Traders and investors will enjoy her clear, straight-forward charting examples and unique insights. Cost is $45.00 and includes an MP4 Recording with PDF charts. Sign up now and reserve your spot in the next MMA live webinar!
NOTE 3: The New ICR Cycles’ Reports from MMA are Coming!!! Starting on July 2nd, MMA will be expanding its International Cycles Report (ICR) into two reports… ICR Financials and ICR Commodities. Each report will be covering 7 markets.
Cost: $325/ Year
Markets Covered: 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)
Release Date: Tuesday July 2, 2019
Cost: $325/ Year
Markets Covered: LC (Live Cattle), MJ (Cannabis), XAU (Gold and Silver), KT (Coffee), KA (Sugar), C (Corn), and W (Wheat)
Release Date: Wednesday July 3, 2019
If you sign up for either ICR Report by June 30th, you will also receive – at no additional cost – the May issue of our current ICR Report, which contains our initial analysis of Coffee, Corn, Wheat, and Sugar. As a final BONUS, we will send you both the ICR Financials Report and the ICR Commodities Report in July so that you can see and experience both of our new reports. That’s TWO reports- at no additional cost- just for trying our new report.
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NOTE 4: MMA’s Daily and Weekly subscription reports are the best way to keep up with rapidly changing markets! 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, Swiss Franc, T-Notes, Soybeans, Crude Oil, Gold and Silver, 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.
For any questions, please contact us at email@example.com or call (248) 626-3034, or (800) MMA-3349.
JUNE 22, 2019, 1:00 PM: MMA Webinar on “RE-FOCUS YOUR INVESTMENT STRATEGIES: ALL CYCLES LEAD TO 2020.” This live 2-hour webinar will be led by MMA Analyst Kat Powell. It will be her second installment of THE MMA CYCLES 2020 VISION WEBINAR SERIES. This one will feature an in-depth look at Silver and Soybeans from a cycles’ and geocosmic studies viewpoint, as well as other select markets that illustrate the major reset underway into the Capricorn stellium of 2020. Kat will also share her research highlighting geocosmic patterns correlating with the current Tariff Wars. Traders and investors will enjoy her clear, straight-forward charting examples and unique insights. Cost is $45.00 and includes an MP4 Recording with PDF charts to all participants. Sign up now and reserve you spot in the next MMA live webinar!
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.