...if we don't look back, we'd never understand how far higher...

...if we don't look back, we'd never understand how far higher stocks have gone

....how far higher has the NDX gone?

since Oct 2023 lows, NDX has risen +37.61% (in under 1 year)
since Oct 2022 lows, NDX has risen +82.5% (in under 2 years)
since Nov 2021 peak, NDX has risen +17.74%
since Mar 2020 Covid lows, NDX has risen +279%
since pre-Covid peak of Feb 2020, NDX has risen +202.78%

NDX rose in a straight line upwards from March 2020 until Nov 2021 when market started to be concern over rate hikes and slowing growth. NDX was at 16,573 then and it would take a -15% correction to return to that level,

5 year view
Nasdaq 100 Index Chart — NDX Quote — TradingView

Four days until the #FOMC meeting, where Powell will likely cut by .25 (odds are currently 50% for .25 and 50% for .50).

The similarities between 2007 and 2024 are wild! Charts in comments:

Fed's First Rate Cut:
Sept 18, 2007
Sept 18, 2024 (high probability)

Unemployment Rate
Sept 2007: 4.7
Sept 2024: 4.2

US Inflation Rate YoY
Sept 2007: 2.5
Sept 2024: 2.5

US Housing Starts:
Sept 2007: 1.238
Sept 2024: 1.235

US Leading Economic Activity
Sept 2007: 100.4
Sept 2024: 100.4

US Existing Home Sales
Sept 2007: 4.5 Million
Sept 2024: 3.95 Million

(This post is not calling for a 2007 crash. I am simply pointing out the intriguing similarities in timing and economic indicators.)

https://x.com/brett_eth/status/1835067477321302522