Mercury retrograde conjunct Jupiter

(21 June 2026)  US stocks were mostly higher last week on dampened inflation expectations and hopes that AI will fuel productivity growth.  While the market sold off Wednesday following hawkish comments from the new incoming Fed Chair Kevin Warsh, most indices were higher on the week as oil extended its slide closing near $75.

The current planetary situation is broadly supportive of this stock market rally.  Last Monday’s surge after the formalized US-Iran ceasefire deal coincided exactly with an auspicious geocentric alignment of Venus, Uranus, Neptune and Pluto and an even more powerful heliocentric alignment of Mercury, Venus, Jupiter, Uranus, Neptune and Pluto.

Most of the other more common two-planet alignments suggest a more mixed picture, albeit one that seems more bullish than bearish.

The updated cumulative trend chart of the conjunction of Mars to the NYSE Mercury (exact June 24) has so far not reflected its potential for downside.  The current alignment (red line) is way above the long term mean and medians of this alignment and would seem to increase the odds of at least some kind of mean reversion lower in the days ahead…

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