(10 Could 2023) US shares ended increased Wednesday after the
newest CPI report confirmed one other decline in annual inflation to 4.9%.
Whereas the core inflation quantity was unchanged at 5.5%, markets
nonetheless welcomed the continued easing of worth pressures because the
greenback and bond yields completed the day decrease.
Shares seem like transferring sideways in current days as optimism from
falling inflation has been largely offset by ongoing considerations over the
banking system and the prospect of some political brinkmanship over the
impending US debt ceiling deadline on June 1 or thereabouts.
This blended outlook could also be mirrored within the present planetary
influences. Bullish sentiment is due partly to the approaching
Jupiter-Pluto sq.. As is the case with most Jupiter alignments, this
pairing is often bullish, even when the 90-degree sq. angle might be
much less optimistic than different angles such because the conjunction or the
120-degree trine.
And but Saturn can also be an lively affect by its ongoing
120-degree side from Ketu (South Lunar Node). Whereas this alignment is
separating, it’s nonetheless inside efficient vary. Extra instantly,
nevertheless, we be aware that Mercury is backing into an alignment with Rahu
(North Lunar Node) and Saturn because it culminates its 23-day retrograde
cycle. Though it’s a benefic planet by nature, Mercury is extra
generally related to bearishness when it’s aligned with malefic
planets resembling Rahu and Saturn.
Mercury is because of finish its retrograde cycle late within the night (ET)
on Sunday, Could 14 when it would station direct and resume its regular
ahead movement. On the time of the station, Mercury will probably be in a
three-degree conjunction with Rahu and in near-exact 60-degree alignment
with Saturn. Taken collectively, these influences look bearish for market
sentiment.
In fact, for the reason that station happens when markets are closed on
Sunday, it’s doable that a number of the worst results of this sample
could possibly be mitigated. Nonetheless, Mercury will probably be in shut alignment
with each Rahu and Saturn for a number of days each earlier than and after its
direct station. With that in thoughts, it’s best to consider Mercury as
passing by a window of vulnerability the place its usually benefic
nature might be subverted by unfavorable influences.
This affliction subsequently appears prone to coincide with an increase in volatility within the days forward.
For extra particulars, take a look at my weekly subscriber e-newsletter
which is printed each Sunday. Along with reviewing the important thing
planetary and technical influences on US and Indian shares for the quick
and medium time period, I additionally present an astrological evaluation of potential
upcoming strikes in currencies, gold and oil.
These updates are often posted midweek. You might be notified of recent posts by following me on Twitter.
Photograph Credit score: Dean Hochman