Kevin Warsh\u2019s Jackson Hole address triggered a Friday sell-off in US equities, even as the market ended the week higher. He restated the Federal Reserve\u2019s 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\u2019s SMI the only decliner; the FTSE, Amsterdam\u2019s AEX and Germany\u2019s DAX finished up near weekly highs. In Asia-Pacific, the Shanghai Composite, Japan\u2019s Nikkei and Australia\u2019s All-Ordinaries posted gains. <\/p>\n\n
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\u2019s advance, and crude oil finished lower but off its lows. The piece also layers in \u201cgeocosmic\u201d markers, including a Lunar Eclipse and a Jupiter\u2013Saturn 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\u2019s prior Libra transit met a 20% or greater move study for Ethereum, and references China\u2019s October 1, 1949 (3:15 PM BJT) chart, while observing Chinese equity indices have yet to exceed 2008 highs.<\/p>\n\n\n\n