@TheReaper
Out of interest/curiosity I decided to have a look at the Fed rate cuts that occurred in 2007/2008 and the SPX & NDX charts at the time to see how the indexes reacted to the cuts.
The first decision to cut on 18 September 2007 resulted in a -50 bps change, SPX rose for around 4 weeks before heading down. The NDX rose for a bit longer circa 6 weeks before heading down.
I haven't overlaid the 2007/2008 SPX/NDX charts with the current SPX/NDX charts but they appear similar.
So like you've been saying, we could see further rises in the SPX/NDX following the Feds rate decision on 19 September 2024 before a reversal ala what happened in 2007/2008.
Rate cuts:
SPX & NDX - March 2007 - May 2008:
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