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REVIEW AND PREVIEW
Greenspan suggests the nearly 50-year low unemployment rate, coupled with American corporations clamoring for workers, will force up wages and inflation. "Ultimately prices take hold," he said. "This is the tightest market, labor market, I've ever seen. But concurrently, we have a very slow productivity increase." – Berkeley Lovelace, “Ex-Fed Chief Greenspan: This is the Tightest Labor Market I Have Ever Seen,” www.cnbc.com, October 18, 2018.
Ongoing concerns about Italy's spending proposals are likely to remain a negative for the (Euro) currency. The European Commission on Thursday sent Rome a letter calling a draft budget an "unprecedented" breach of EU fiscal rules, the first step of a procedure that could end with Brussels rejecting the budget and fining Italy. – Reuters, “Euro, Sterling, Gain on Report that UK May Drop Key Brexit Demand,” www.cnbc.com, October 19, 2018.
Analyst expect ratings agencies to lower Italy's credit rating next week. David Reid, “A Ratings Downgrade for Italy is Now Forecast to Happen Within Days,” www.cnbc.com, October 19, 2018.
The decline in world stock indices following their highs near the Venus retrograde on October 5 continued last week. Many indices started out low, then had a huge rally into Tuesday, and then another sell-off. In most cases, the selloff did not fall below last Monday’s low, but it was a disappointing let down after Tuesday’s large rally. The concerns were related to the themes of Venus (banking policies) in Scorpio (debt). That is, Italy’s recent budget proposal included much more spending than previously expected, and the continued criticism by the USA Administration of the Federal Reserve Board’s interest rate policies have caused investors to re-consider the growth prospects of stocks. In the first case, the decision by the Italian government to inflate its deficit spending plans is leading to a downgrade in its credit rating. It undermines investment plans in the entire Eurozone by those outside the Eurozone, for this becomes another inflationary factor. In the second case, the Fed is continuing its plans to raise rates because it doesn’t want inflation to get out of control. Critics, like President Trump, argue that inflation is mild and under control. But that’s today, before Jupiter enters the expansive sign of Sagittarius and squares Neptune, which is an inflationary combination that is starting in November 2018 and will be in force over the next year. The Fed is thinking about the future, and as Alan Greensman points out, the low unemployment and tight labor market are powerful forces that can — and probably will — lead to an inflationary spike sooner than later. These factors may account for the recent weakness in world equity and treasury markets, but they also factor in the recent rally in Gold and Silver.
SHORT-TERM GEOCOSMICS AND LONGER-TERM MUNDANE THOUGHTS
The U.S. government ran its largest budget deficit in six years during the fiscal year that ended last month, an unusual development in a fast-growing economy and a sign that — so far at least — tax cuts have restrained government revenue gains… The deficit is headed toward $1 trillion in the current fiscal year, the White House and Congressional Budget Office said. – Kate Davidson, “Deficit Swells as Tax Cuts Take Bite,” Wall Street Journal, October 16, 2018.
President Trump asked his cabinet to find ways to find ways to cut their budgets by 5% next year, targeting government spending after an official tally showed Republicans’ tax cuts drive the federal budget deficit to its widest level in six years… During last year’s tax debate, Democrats warned that Republicans would use the deficits created by the tax cut to press for cuts in safety-net programs. – Siobhan Hughes, Ricard Rubin, and Rebecca Ballhaus, “Trump Wants Budget Cuts as Deficit Grows,” Wall Street Journal, October 18, 2018.
The 31-37 year Saturn/Pluto cycle of January 12, 2020 is already starting to make its presence felt. In terms of the economy, this is a time, give or take 18 months, when budget deficits increase, along with debt and credit downgrades. That’s one of the key themes of Pluto, especially with Saturn. Another frequent theme under hard aspects from these two powerhouses is political assassinations, another grim story that attracted much attention last week with the mysterious disappearance of a Saudi citizen from the Saudi Embassy in Turkey on October 2. He also just happened to be a journalist for the Washington Post who was critical of the Saudi regime. That was another reason for the cause of last week’s stock market decline after Tuesday’s strong rally. Treasury Secretary Steven Mnuchin cancelled his trip to a highly publicized Saudi Investment Conference then. On that announcement, the DJIA plunged over 400 points from its high of the week on Tuesday.
The volatility is not likely to subside this week, nor are the reports drawing attention to the missing Saudi critic and the world’s increasing problems with renewed government deficits and growing debts. On Tuesday, October 23, the Sun will enter Scorpio, the sign of Pluto’s rulership. It will also make an opposition to Uranus that same day, and the next day will be a highly charged full moon. The Sun/Uranus opposition is not a historically powerful reversal signature. Its correlation to primary cycles is only 52% within an orb of 12 trading days. However, it has a 74% correlation to very sharp but brief price swings, often as much as 4%, within only 4 trading days. Venus will oppose Pluto on October 31, which is a stronger correlate to primary or greater cycle reversals (71%), and also has a 71% correspondence to sharp price swings within 4 trading days. They overlap October 25-29, which means we can anticipate an important top or bottom between next Thursday and the following Monday that will either end or begin one of these swings. It should be a very good one-two weeks for short-term day traders who like to trade off extreme but brief price swings.
Further out, we are more focused on November 16 when Venus ends its retrograde motion, but Mercury begins its own. Once again, we expect much volatility then, as both have a 70+% correspondence to sharp price swings within 4 trading days. However, in this case, Venus direct has a very strong 73% correlation to primary or greater cycles culminating within 10 trading days.
On a more personal note, Venus will be turning direct from its own ruling sign of Libra. It could usher in a period of heightened romantic attractions for the remainder of the month. You better make sure you have plenty of cash or your credit card debts are up to date, for it could be embarrassing to meet someone, take them out for a romantic dinner, and then find out you can’t pay the bill. Such is the nature of this period that highlights the sign of Scorpio (debt), both for governments and individuals. Everyone wants to spend money they don’t have — or other peoples’ money, as if it is their own. November is a good month to start a relationship. It is also a month when relationships that started out very well may end abruptly. It’s just like markets because Venus rules love and money. One day it’s there, the next day it’s gone. That’s the story line from now through November. Enjoy it while you can, and try to be a good manager of your resources and temptations.
MMA Current Announcements
NOTE 1: MP4’s NOW AVAILABLE FROM MMA’S FORECAST 2019 WEBINAR. This was an exceptional 2-hour webinar, and the recording with slides came out very good. The event took place last Saturday, February 9, 2019 and addressed subjects from this year’s Forecast 2019 Book, with updates on financial markets since the book was written in November 2018. Outlooks for the U.S. stock market, Gold and Silver, crude oil currencies (including Bitcoin), Live Cattle, and Canopy, a Canadian cannabis stock offered on USA markets, were discussed. If you were unable to attend live, you can still receive the MP4 recording now! Cost is $45.00, and includes the slides of the presentation. You may register via our website at https://mmacycles.com > Products > Webinars. In fact, there is special in effect until this Monday where you can purchase the MP4 recording of the webinar, plus a 2-issue trial of the monthly MMA Cycles Report (which comes out this week), and includes the special Euro Currency report, for a total of $95.00
NOTE 2: THE MONTHLY MMA CYCLES REPORT will be issued this week (Monday night-Tuesday) to all subscribers of that report. This report contains our future outlook for U.S. stock indices (DJIA and S&P futures), Gold, Silver, Treasuries, Euro Currency, Crude Oil and Soybeans, plus MMA’s original geocosmic critical reversal dates (CRDs) and Solar/Lunar reversal dates over the next several weeks for DJIA, Gold, and Silver. The monthly MMA Japan Cycles report will also out this week, covering the Nikkei, JGB Bonds, and the Dollar-Yen. If you are not a subscriber to the MMA Cycles Reports and wish a copy of this month’s outlook for financial markets, consider taking out a subscription NOW. If you take advantage of the special sale going on through Monday (see below), you will be sent last week’s Special Update Report on the Euro Currency’s long-term, intermediate-term, and primary cycles. For more information please visit http://mmacycles.com/ > Subscription Reports.
SPECIAL UPDATE REPORT ON THE EURO CURRENCY COMING OUT TUESDAY TO MMA CYCLES SUBSCRIBERS!! MMA Currency Analyst and MMTA (Merriman Market Timing Academy) graduate Ulric Aspegren has completed an intensive study on the long-term cycles of the Euro currency, via the MMA Market Timing methodology as taught in the MMTA program. In this report he has identified another long-term cycles’ breakdown that explains today’s current Euro Currency pattern, and what it projects for the future. Aspegren has been the ICR (International Cycles Report) analyst on the U.S. Dollar and British Pound since its inception five years ago. His work has been excellent, and he will now be covering the Euro currency analysis for the monthly MMA Cycles Report starting with the February 19 issue. If you are not a subscriber to the monthly MMA Cycles Report, and are interested in receiving this special Euro report that was issued last week on February 13, consider taking out a subscription, even a trial subscription. For more information, go to https://mmacycles.com > Services > Subscription Services > MMA Monthly Cycles Report.
NOTE 3: SPECIAL ONE-WEEK OFFER FROM MMA ENDS THIS MONDAY! You can purchase a two-issue trial subscription to the monthly MMA Cycles Report and get the Special Euro Currency Report by Ulric Aspegren issued last week, and an MP4 recording of last Saturday’s Forecast 2019 webinar with the power point slides, all for $95.00. This offer is good for one week, through February 18, President’s Day, which is also when the next MMA Cycles Report will be released. To take advantage of this special offer, go to https://mmacycles.com > Products > Webinars.
NOTE 4: MMA’S daily subscription reports are hot! 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, T-Notes, Soybeans, Gold and Silver, and Crude Oil, 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 further information, visit https://mmacycles.com > Services > Subscription Services.
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March 9, 2019: 10:30 AM – 4 PM. Nova Southwestern University, 3301 College Ave, Carl DeSantis Bldg, Rm 1124 Knight Auditorium, Ft. Lauderdale, FL. This a 3-4 hour workshop on “Forecast 2019: An afternoon with Ray Merriman.” With Jupiter and Neptune in their ruling signs and square to one another, the principle of exaggeration in hopes and fears is present in all walks of life, including the economy, stock market and other financial markets, and politics. This combination only happens every 166-167 years, and this time is quite important because it is followed by the Capricorn Stellium in 2020. In this presentation, Ray will discuss the cosmic set up in 2019 and the "edge of the cliff" ahead in 2020, and what you can do to protect yourself and help others through what could be a turbulent period, but one with excellent investment possibilities as well. To sign up, contact 954-296-1211. $50.
April 26, 2019, 7 PM: “An overview of Financial Markets, the Economy and the Political Climate: Approaching the Edge of a Cosmic Cliff.” An evening with Ray Merriman. With Jupiter and Neptune in their ruling signs and square to one another, the principle of exaggeration in hopes and fears is present in all walks of life, including the economy, stock market and other financial markets, and politics. This combination only happens every 166-167 years, and this time is quite important because it is followed by the Capricorn Stellium in 2020. In this presentation, Ray will discuss the cosmic set up in 2019 and the "edge of the cliff" ahead in 2020, and what you can do to protect yourself and help others through what could be a turbulent period, but one with excellent investment possibilities as well. The location of this talk will be Room 9235 at the Naropa Nalanda Campus in Boulder, Colorado, 6287 Arapahoe Road, at the intersection of 63rd and Arapahoe. The cost is $45 if registered before April 1, and $55 afterwards. Sponsored by ROMA, the Rocky Mountain Astrological Association. For registration, contact Patti Simmers at 720-989-8822, or via email at email@example.com. Attendance will be limited to 80 persons. Sign up early.
June 8-16, 2019: “Geocosmic Correlations to Trading Cycles,” Beijing, China. A two-weekend intensive Market Trading workshop/retreat with Raymond Merriman. This 32-hour intensive workshop will focus on the primary cycle and its phases – the half-primary, major, and trading cycles - and how to determine when they are due. Then, we will identify geocosmic signatures – Levels 1, 2, and 3 – as the basis for calculating CRDs (Critical Reversal Dates), to narrow the time band down for an important cycle reversal. A complete detailed schedule of events and topics will be available after Chinese New Year’s. Stay tuned for the update.
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.