A stellar day for US stocks

[Guest guest]

Dear friends,

 

After a rather long period of adverse developments, with the stock market declining from late May through June and then remaining in range in choppy trading since, the stock market had an exceptionaly stellar day today, with the Dow Jones Industrial Average and other stock indexes rising almost 3%. That said, at 11,615, the Dow is still 12% below its late May peak of 13,136.

 

The good news prompting todays rally was the ongoing sharp decline in oil prices, to $118 per barrel and the decision by the Federal Reserve to not raise its interest rates. This comes on the heels of another piece of good news recently, that the US economy expanded 1.9% in the 2nd quarter of the year.

 

In the SAMVA USA chart (Perpetual Union), the favourable development is seen in most of the functional benefics being well placed in transit and mostly free of close afflictions by natal or transit FM planets at this time. In particular, the conjunction of transit 2nd lord Sun with the 1st house MEP would be expected to temporarily boost the sense of well being. However, later this week the transit Sun becomes conjunct the stationary nodal axis its indications are likely to suffer - due to also ongoing affliction of natal Sun by the transit stationary nodal axis and the aspect of transit 6th lord Jupiter to the 2nd house.

 

Best wishes,

 

Thor