Category: Financial Astrology

Stocks rally after Powell signals slower pace of rate hikes

Stocks rally after Powell signals slower pace of rate hikes

(30 November 2022) Stocks rallied today after Fed Chair Jerome Powell suggested that current economic circumstances may justify a smaller 50 point rate hike as soon as next FOMC meeting on December 14.  All the major indexes rose sharply on the remarks and the S&P 500 even finished above its 200-day moving average at 4080.  […]

Stocks rally into Thanksgiving and the Jupiter direct station

Stocks rally into Thanksgiving and the Jupiter direct station

(23 November 2022) US stocks extended their rebound Wednesday as Fed minutes suggested a willingness to slow the pace of interest rate hikes in the face of moderating inflation pressures.  The S&P 500 pushed above the 4000 level to 4027 and came to within a stone’s throw of the 200 day moving average of 4059.  […]

US midterm election outcome still undecided

US midterm election outcome still undecided

(9 November 2022) The outcome of yesterday’s US midterm elections remains unknown today as many races are still too close to call.  With a near-even split of seats in both the House and the Senate, it may be days or even weeks before we know which party will win control.  US stock markets sold off […]

Stocks tumble as Fed raises rates 75 basis points

Stocks tumble as Fed raises rates 75 basis points

(2 November 2022) US stocks sold off on Wednesday after comments by Fed Chair Jerome Powell effectively took the prospect of a Fed “pause” off the table for the foreseeable future.  While the market had already priced in the 75 basis point hike, Powell’s remarks reiterated his commitment to the 2% inflation target, even if […]

Lunar eclipse casts shadow over US midterm elections

Lunar eclipse casts shadow over US midterm elections

(26 October 2022)  With the approach the US midterm elections on Nov 8, polls are predicting a close race with Republicans (GOP) enjoying a slight edge.   Held two years after the presidential election, the midterms determine which party controls the two houses of Congress.  Currently, Democrats control both the House and the Senate, albeit […]

Stocks bounce on earnings optimism; UK inflation weighs

Stocks bounce on earnings optimism; UK inflation weighs

(19 October 2022) Stocks have moved higher this week on optimism that earnings season may bring better than expected results.  However, Wednesday’s pullback was a reminder of the fragility of the current rebound as bond yields moved to new highs after UK inflation hit the psychologically important 10% level.  Nonetheless, this week’s bounce is in […]

US stocks fall to new lows ahead of CPI inflation data

US stocks fall to new lows ahead of CPI inflation data

(12 October 2022) US stocks closed at a new low for the year today as wholesale PPI inflation came in higher than expected at 8.5%.  And with the Fed showing no signs of pivoting towards easing any time soon, investors are now considering the very real possibility that interest rates will continue to climb well […]

Stocks rebound as inflation worries ease

Stocks rebound as inflation worries ease

(5 October 2022) US stocks have staged an impressive 5% rebound so far this week after easing inflation concerns saw bond yields and the dollar move sharply lower.  Investors are fixated on inflation since the falling inflation translates into lower bond yields, cheaper credit and greater economic activity.  The Federal Reserve is something of a […]

Ukraine crisis escalates after sabotage of Nord Stream pipeline

Ukraine crisis escalates after sabotage of Nord Stream pipeline

 (28 September 2022) The Ukraine crisis has taken a dangerous, new turn this week after the apparent sabotage of the Nord Stream pipelines that carries Russian gas to Europe.  At this point, is it unclear who is responsible for the damage to the underwater pipeline which prompted more early week selling in the stock market […]

Stocks fall as Fed hikes rates another 75 points

Stocks fall as Fed hikes rates another 75 points

(21 September 2022) The Federal Reserve surprised no one today by hiking interest rates another 75 basis points in its ongoing efforts to curb inflation.  The Fed’s overnight lending rate now stands at 3.25% with a strong likelihood of rising to 4% at its next meeting in early November.  With inflation remaining stubbornly high, the […]