Financial / stock market this week – March 3
Most stock indices continued their previous week’s rally into Wednesday of this past week. By Friday, they closed on negative gains. Sun is still making opposition with Saturn, so days from February 24 to March 7 could give us hint about forthcoming Uranus – Saturn opposition.
Big story is happening on commodity front. Oil and Gold are on life- time high level. There are concerns about inflation among all economies. Most of the major planets like Saturn, Pluto, and Jupiter are passing through earth signs. So people are cautiously optimistic now and moving their hard earn money from risky stocks to less risky Gold.
On March 4, heliocentric Mercury will also enter Sagittarius through March 17. This is a period that has a very high correlation to sharp price swings in many markets, especially precious metals and currencies.
On March 4, Mars will enter in emotional cancer. It indicates sharp swing in domestic products, commodities prices, or gold. It also correlated with inflation concern and movement in rate sensitive sectors.
In conclusion, Other than Sun’s transition in opposition with Saturn, most of the geocosmic signatures are quite positive. Mars will move into Cancer on March 4 and it also indicates the clarity of thought about market direction. Gold price swing need to seen near March 4. Expect some movement in commodity prices and real estate this week. Technology stocks could surprise people on positive side near March 7.
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