(27 Sep 2026) Stocks moved higher last week as oil prices fell on hopes that the Strait of Hormuz may soon reopen. The Nasdaq rose 3% on the week while the S&P 500 and Dow enjoyed smaller gains. Small caps and the broader market indexes were actually lower, however, continuing the trend of negative market breadth that began in August.
The mostly positive weekly outcome was in line with expectations given the ongoing current alignments. While the approaching Venus retrograde station on Oct 3 may elevate downside risk, we noted that several alignments were well below their historical price norms and were likely to experience some positive mean reversion.
This was especially true for the transit of Venus through sidereal Libra. While usually bullish, the current transit of Venus in sidereal Libra since Sep 2 had seen relative underperformance of the S&P 500 (SPX). The updated chart below shows that this divergence has largely resolved as the current transit (red line) is now approaching the mean and median. But with the end of the 48-day backtest period on Sep 26, this...
(6 Sep 2026) Stocks ended the week slightly higher despite renewed inflation fears after Friday's strong jobs report. The combination of a robust labour market...
(2 August 2026) Stocks finished higher last week despite some volatility brought on by renewed hostilities between the US and Iran and another spike...
(19 July 2026) US stocks were mostly lower last week as the semi-conductor sell-off intensified on worries about AI-spending and profitability. While the NASDAQ...
(12 July 2026) Stocks were mixed last week as chip makers and big tech rebounded from their recent sell-off while the broader market finished modestly...
(28 June 2026) Stocks were generally lower last week as investors took profits in overheated technology and AI-related sectors. While the NASDAQ and S&P...
