(7 June 2026) US stocks sold off sharply last week as an unexpectedly strong jobs report raised the specter of interest rate hikes. AI and technology stocks got hit the hardest as the NASDAQ fell almost 5% in Friday’s session.
While I had been uncertain about how last week would play out, the size of the decline was quite unexpected. Even if we see further downside from here, the ongoing alignments we are tracking this summer seem more bullish than bearish. Therefore the more likely price path may still be up, albeit not in a straight line.
The updated cumulative trend chart of the Uranus-North Node square was not impacted by last week’s sell-off and is still tracking well above its historical norms. This is partially because this study used the Dow Jones Industrials which were only down fractionally last week. Also its most recent data point was June 2 — well below the market began its decline. In that sense, this chart may be less representative of the current situation…
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