Financial / stock market of the week – October 8
Just as recession fears have eased in recent weeks, concerns about global liquidity have slowly receded as investors show an increasing willingness to bet on another interest rate cut from the Federal Reserve. Stronger-than-expected jobs data and a deep revision of August’s paltry numbers sent stocks higher on Friday. Now, all markets are moving around their all time high levels while most of financial expert expecting a correction in market. This is typical feature of Jupiter and Uranus square.
Geocosmic energy equation suggests a very active week ahead at all front, as we approach the final waning square of Jupiter-Uranus, new moon in Libra, Mercury turning retrograde, and the third and final conjunction of this season between Venus and Saturn. It could be the first one to unfold that causes the reversal. The New Moon in Libra is especially important in stock markets, while its leader Venus is in Pain with Saturn, and it could lead to market reversal.
This week negative aspects are Venus ( ruler of currency, stocks) conjunct with Saturn (depression) and South node, Mercury (planet of commerce and communication) stationary in motion, and Jupiter square of Uranus. While supporting aspects are Mars and Mercury support to Saturn and Venus.
In conclusion, the week ahead is extraordinary. It could be too bullish or too bearish. As this is start of earning seasons, corporate quarter earning could give mixed indications during Mercury retrograde motion. However, other political and financial indicators could drive this market madly in some way. There is no doubt that this will be week of three or four digits fall or gain. Overall, it could be the week that experts are waiting for market correction.
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