Tuesday, June 27, 2017

Could the Summer Solstice be signalling a warning to the stock market

With the Summer Solstice last week on June 21, could that have been an important date? Dennis Gartman thinks so.

"There has been a historical precedent for market turns of consequence to have taken place at or very near to solstices and equinox. We note further that in 1987 stocks peaked one month before the Fall equinox and completed their violent “crash” one month later. The 1976 top and 1978 bottom in the Dow were both within 2 weeks of equinoxes. In 1929… a year of true market ignominy… there was a minor “Crash” on March 25 hard upon the spring equinox and the Dow topped in early September of that year, two weeks before the autumnal equinox, while the London stock market crashed on the 20th of September, precisely on the equinox. History does not always rhyme, but it does tend to have meter. Be prepared. The “meter” is running."