MARKET NOTES: MAY 10, 2026

This note outlines my current market outlook based on upcoming heliocentric and planetary alignments.

I believe the period of greatest market risk is likely to occur in July.

On 11 May, Jupiter moves into heliocentric Leo. In my view, this may be an early signal of the broader shift that could lie ahead.

This is followed on 12 May by a heliocentric conjunction between Mars and Saturn, which I interpret as another sign that markets may be approaching a peak.

The Saturn–Neptune alignment that began in February coincided with rising oil prices and appears to be echoed again later this week. As a result, I think it is more likely that indices begin to weaken after Monday, 18 May, although I do not yet expect this to be interpreted as a correction.

Vesta moves into Aries on 13 May, which I see as an additional indication that market levels may be becoming increasingly fragile.

On Thursday, 13 May, the Sun conjoins Mercury in Taurus. The last time a similar configuration occurred, albeit at a slightly different degree, gold declined for a week and silver fell for 20 days.

To be clear, I do not expect a correction this week. Instead, I believe indices may reach further all-time highs before any broader decline begins.

The United States will mark its 250th anniversary on 4 July, and trader sentiment may remain buoyant until then. After that date, however, I expect a meaningful shift in mood, which could contribute to sharp declines in indices and potentially support higher gold and silver prices.

From a trading perspective, I am watching for a decline in silver from 13 May.

I will be presenting my research on Mercury cycles at an investment conference in Slovenia over the weekend of 23–24 May. My research is ongoing, and I will share further findings as they develop.