***No real reason for history to repeat here BUT worth noting nonetheless**
SPX peaked on 16 July 2007 before 12% pullback into August.
SPX peaked on 16 July 2024 before 10% pullback into August
SPX moves to new all-time high, surging after the Fed delivers a surprise 50 bp's on 18th Sept. 2007.
SPX moves to new all-time high, surging after the Fed delivers a surprise 50 bp's on 18th Sept. 2024.
SPX peaks at all-time high on 11 Oct, 2007, reverses below the 16th July high and the bear market begins.
The 16th July high this time stands at 5,669.67 which we remain above at present and the all-time high is close by at 5,767.37
Watch this space
