review
Late afternoon gains helped the Dow Jones Industrial Average and the S&P 500 rise intraday after the Fed’s most important inflation measure was released Friday morning. The Personal Consumption Expenditures Price Index rose 2.7% in April from a year earlier, in line with economists’ expectations.
— Patricia Kouzman and Ryan Dezember, “S&P 500, Dow Rise After PCE Inflation Data: Dow Up Nearly 575 Points,” The Wall Street Journal Online, May 31, 2024.
Ethereum surged 27% in May after the SEC approved the launch of a spot Ethereum ETF.
— Mackenzie Sigalos, Jordan Smith, Talia Kaplan, www.cnbc.com, May 31, 2024.
Market movements last week reflected the duality of Gemini. When the NASDAQ rose, the Dow Jones Industrial Average fell. When the NASDAQ fell, the Dow Jones Industrial Average rose. A similar phenomenon was seen with gold and silver, where related markets moved in opposite directions. Usually, markets in the same sector move in the same direction, but this may not be the case when the Sun, Venus and Jupiter are in the mutable sign of Gemini, and even more so when the Moon transits the mutable and dual sign of Pisces. That was the case on Thursday and Friday.
Many of the world’s stock indexes followed the path indicated by the Sun/Moon study of the Dow Jones Industrial Average. That is, important highs were formed under the Sagittarius Full Moon on May 23rd. For example, the S&P hit its all-time high at that time. Then, last week, on May 28th, when the Moon was in Aquarius, some indexes hit their second all-time high. For example, the NASDAQ hit its all-time high at that time. These two Moon signs, along with the Sun in Gemini, historically correlate with isolated highs with above-average frequency. Most markets then fell to the week’s low on Friday with the Pisces Quarter Moon. By the end of the day, stock prices recovered.
The danger is that such patterns at this time in the four-year cycle are often seen when the longer-term cycle is at its peak. A lot depends on how long this week’s rally continues. For markets to remain bullish, global stock indexes need to rise to their highest levels of the year soon. If stock indexes start to fall again and break out of the past week’s lows to make new highs, it could be a sign of trouble. There is a new moon in Gemini due this week, which is usually bullish. So if the market is not bullish when these surveys predict it to be bullish, it means the market is likely turning bearish.
Gold and silver both fell last week. Both currencies hit their long-term highs on May 20th, a key reversal day (CRD) of the three stars of the MMA. It was an all-time high for gold and the highest price in over 12 years for silver. Silver retested this high on Wednesday, May 29th, as the solar and lunar study suggested it was likely. However, gold and silver made new weekly lows by Friday, as the solar and lunar study suggested. However, because both currencies are late in their major cycles, prices are likely to fall until June 28th to July 2nd, when Saturn and Neptune are retrograde, unless they first break above the highs of the past two weeks.
Bitcoin continues to stabilize near its all-time high and appears to be forming a bullish, inverted head and shoulders chart pattern. Meanwhile, Ethereum is approaching its yearly high as the cryptocurrency’s new Ethereum ETF is ready to be offered for public trading. Meanwhile, crude oil has continued to struggle with slightly higher highs and slightly lower lows over the past month. Perhaps crude oil is also waiting for Saturn and Neptune retrograde to trigger some kind of breakout.
Short-term Geocosmic
After these remarks, reporters in the room asked Biden again about Trump’s sentence. “Mr. President, Donald Trump is calling himself a political prisoner and directly criticizing you. What do you think about that?” one reporter asked Biden as he was leaving. Biden turned around, gave the reporters a smile, and left the room.
—Greg Norman, “Biden Says Trump ‘Should’ Have Chance’ to Appeal Conviction, Smirks and Ignores Question,” Fox News, May 31, 2024.
Donald Trump, 2016: “She should not be allowed to run. If she wins, it will create an unprecedented constitutional crisis that will likely result in a sitting president being charged with felony crimes and ultimately put on trial for a criminal offense. It will shut down government.”
—Anti-Trump Republican Supporter @Accountable GOP, posted on May 31, 2024, in “X.”
One would think that Jupiter in Donald Trump’s Gemini sun sign would bring good news for him. But for the second time this year, a New York jury has convicted Trump. For Democrats, this is a case of “pay the penalty if you’re guilty” and “no one is above the law.” For Republicans who support Donald Trump, the whole trial is “rigged” and “corrupt,” the kind of thing you’d find in a communist country or a banana republic. Gemini is also known for its vastly different reactions. Where is the middle ground when the voices at both ends are overwhelmingly loud?
From a geocosmic perspective, Trump’s sentencing this week is very interesting. First, the trial took place as Mars transited Chiron and a powerful solar eclipse point on April 8th, the path of which passed through the heart of the United States. In the olden days, a total solar eclipse in an area was thought to be an omen of a leader’s death or defeat. In this case, one has to wonder: which leader? Donald Trump or Joe Biden? The trial of President Biden’s son is expected to begin next week. Will the tables be turned, a feature associated with Gemini and its ruling planet, Mercury? Second, transiting Jupiter is in detriment in Gemini, so in Donald Trump’s case, the good fortune and luck associated with Jupiter in his natal Sun may not be as strong when in detriment.
I also found that this week’s ruling correlates well with the US chart for July 2, 1776, around 11:50 AM, which is used in the annual MMA prediction book. In this chart, Saturn (rules) is rising from the sign of Libra (law and courts). As MMA editor Beth Woody wrote this week, “I wish I had $100 every time I hear the words ‘rule of law’ in the news right now. In interviews, these great legal commentators keep saying that this ‘rule of law’ is America’s strength. And when I hear this every time, I realize that this is the energy in the US chart, Saturn in Libra in the 1st house. Everything is being tested right now.” It is also interesting that Jupiter and the other Gemini planets are now in your 9th house of “legal judgments” in the US chart.
In the short term, the planetary alignment in the sky is interesting this week. Nine of the 10 celestial bodies are compressed into a 90-degree area and aligned, starting with Saturn in mid-Pisces and ending with the Sun and Venus in Gemini. Additionally, the Sun, Venus, and Jupiter (joined by Mercury next week) are very close together in air signs, which usually portends optimistic and upbeat times. Last week was probably that for Democrats. However, with the media’s focus on the trials involving the country’s former and current presidents, that could reverse by the end of next week and become upbeat times for Republicans.
You’ll hear a lot about a two-tiered justice system in the days ahead, but don’t be surprised. It’s Gemini season, and two heads are plotting in opposite directions. This is not the season to celebrate victory. Emotions and trends can quickly reverse in Gemini. But all this energy associated with Jupiter and Venus in air signs could bring a short-term boost to financial markets. Enjoy it, enjoy it while it lasts, but keep your ears open and listen closely for that gong I mentioned last week.
