Tag: market newsletter

(12 February 2023) Stocks retreated last week as hawkish comments from several Fed members renewed fears that interest rates would remain elevated for longer.   The S&P 500 fell 1% on the week to 4090 while the rate-sensitive Nasdaq-100 lost 2% to 12,304.  This bearish outcome was in line with expectations as the dual effects of the Mercury-Saturn and Mars-Uranus/Saturn-Neptune alignments appeared to coincide with the declines.  Tuesday’s rally was also not wholly unexpected given the Sun-Mercury/Venus-Jupiter alignment. Markets are looking more uncertain here about the forward trajectory of interest...