Just revisiting my post of 14/9 again (Post #: 75674942) where I was looking into 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 Sep 2007 resulted in a -50 bps change, Things seemed to start unraveling mid to late Oct 2007.
Below snapshot of the SPX & NDX in 2007/2008 and SPX & NDX in 2024. Similarities in the charts where we have an uptrend towards July then downtrend towards Aug before uptrend in Sep where we have -50 bps rate cut. In 2007 the uptrend continues in Oct so it'll be interesting to see it plays out the same today.
SPX & NDX - Jan 2007 - May 2008:
SPX & NDX - Jan 2024 - Sep 2024:
Just revisiting my post of 14/9 again (Post #: 75674942) where I...
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Last
8,283.2 |
Change
-72.700(0.87%) |
Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |