Category: Uncategorized

(18 December 2022) US stocks extended their sell-off last week as the Fed’s hawkish statement laid to rest any hope of an imminent pivot towards easing.  The S&P 500 fell 2% on the week to 3852 while the Nasdaq-100 finished the week at 11,243.  This bearish outcome was in line with expectations as I thought the Mercury-Mars-Rahu alignment would likely coincide with some downside in the second half of the week.  The early week rally was not wholly unexpected given the Sun-Moon-Jupiter alignment, although the extent of the upside...