(22 March 2023) Investors hit the sell button today after
Fed Chair Jerome Powell delivered hawkish comments in his FOMC press
conference after raising interest rates another 25 basis points.
Despite lingering uncertainty from recent bank failures, Powell remained
committed to fighting inflation and ruled out any rate cuts in 2023.
Powell’s bucket of cold water came a surprise to some as markets had
been pricing in at least two rate cuts in the second half of 2023 in the
wake of the collapse of the Silicon Valley Bank.
The decline coincided with a exact 45-degree alignment of Jupiter and
Saturn. Although the 45-degree alignment is not a traditional Vedic
aspect, Jupiter and Saturn were closely conjunct in the D-8 Ashthamsa
chart, which corresponds to the 8th harmonic chart. The blending of the
energies of Jupiter and Saturn tends to be bearish as the slower speed
of Saturn usually gets the final word in against Jupiter’s preference
for optimism. The other potential bearish influence here is the
approaching alignment of Mars (4 Gemini), Ketu (10 Libra) and Saturn (7
Aquarius). Each planet is separated by about 120 degrees in this Grand
Trine pattern and thus creates a resonance where the energies of the
planets are amplified. Since all three planets are natural malefics, it
is not unexpected that stocks fell with the approach of this pattern.
We can also see how today’s decline might have manifested in the
13-day progressed cycle chart. This 13-day cycle is another way to
describing the minor progressed chart where the arrangement of the
planets one lunar month after birth is symbolically equivalent to one
full year of life. The resulting 1:13 time compression can provide
insights into future trends that are sometimes not apparent in the
standard transit chart.
Looking at the NASDAQ horoscope (Feb 8 1971, 10.00 a.m.), we can see
that this week’s planets feature some difficult alignments. Progressed
Mars (22 Scorpio) aligns with both progressed Saturn (22 Gemini) and
natal Saturn (22 Aries). While neither of these alignments are
full-strength aspects, their precise geometry is nonetheless important.
Since Mars and Saturn are both malefic planets, their alignments are
more likely to coincide with negative sentiment and stock market
But compared with transits, progressed planets move much more
slowly. For example, transiting Mars moves about 35-40 minutes of arc
per day. Minor progressed Mars moves just 3 arc minutes per day, while
this progressed retrograde Saturn moves just 3 arc seconds per
day. This means that the Mars-Saturn-Saturn alignment will be within
range for much longer than a simple Mars transit. This suggests that
today’s negative sentiment could last for a while longer.
While this is a difficult chart, we should be careful not to place
too much emphasis on it as it is only one cycle out of many possible
cycles. It is possible it could be offset by transits, or the 27-day
progressed cycle for the NASDAQ chart, or indeed the cumulative
influences from the other relevant natal charts such as the NYSE chart
(as noted in last week’s update) or the S&P 500 chart, among others.
Other possible caveats here is the upcoming Sun-Jupiter alignment in
this minor progressed chart. This is a more bullish influence that is
likely to bring some upside over the next several weeks when the
alignment tightens. Using its exact alignment as its theoretical
maximum influence, the bullish influence from this 13-day cycle chart is
likely to peak sometime in the second half of April. Significantly, by
that time Mars will have moved two full degrees past both progressed
Saturn and natal Saturn. This suggests that the negative energy in this
particular chart is more likely to have waned while the positive energy
will be on the rise.
For more details, check out my weekly subscriber newsletter
which is published every Sunday. In addition to reviewing the key
planetary and technical influences on US and Indian stocks for the short
and medium term, I also provide an astrological analysis of potential
upcoming moves in currencies, gold and oil.
These updates are usually posted midweek. You can be notified of new posts by following me on Twitter.