Kevin Warsh’s Jackson Hole address triggered a Friday sell-off in US equities, even as the market ended the week higher. He restated the Federal Reserve’s commitment to a 2% inflation target and warned that persistent inflation could still lead to a rate rise, contrasting with recent Treasury Department actions aimed at keeping yields from drifting higher. The Nasdaq outperformed after Nvidia earnings supported the AI theme, while European indices were mixed, with Zurich’s SMI the only decliner; the FTSE, Amsterdam’s AEX and Germany’s DAX finished up near weekly highs. In Asia-Pacific, the Shanghai Composite, Japan’s Nikkei and Australia’s All-Ordinaries posted gains.
Precious metals and Treasuries ended the week near their lows, though a bullish divergence between 10-year T-Notes and 30-year T-Bonds was described as intact; crypto was flat after the prior week’s advance, and crude oil finished lower but off its lows. The piece also layers in “geocosmic” markers, including a Lunar Eclipse and a Jupiter–Saturn trine said to run until July 2027, plus Mars squaring Saturn and Uranus turning retrograde alongside Mercury entering Libra and Venus entering Scorpio. It adds that Venus’s prior Libra transit met a 20% or greater move study for Ethereum, and references China’s October 1, 1949 (3:15 PM BJT) chart, while observing Chinese equity indices have yet to exceed 2008 highs.
