Market Review and Trends
The S&P 500 powered ahead after the rate cut, can still buy?
By Just my thoughts on investing  •  September 23, 2024
After over a year of speculation and anticipation, the Federal Reserve has finally initiated its long-awaited easing cycle. In a decisive move, the Fed exceeded market expectations by slashing its benchmark interest rate by a substantial half a percentage point. This aggressive reduction signals a strong commitment to stimulating economic growth and mitigating potential risks in the economy. What does history tell us after a rate cut This table reflects the S&P 500's performance in the 12 months following Federal Reserve rate cuts. Recession Years (1990, 2001, 2008, 2020): S&P 500 performance was mostly negative, reflecting the economic downturns and uncertainties post-rate cuts. Non-Recession Years (1995, 1998, 2019): The S&P 500 saw strong gains after rate cuts, driven by economic growth and investor optimism What does TA show now As per my previous post, once the S&P 500 breakout of the previous high and stay there, high probability of it keeping the upward momentum. What will I be doing This is to remind...
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By Just my thoughts on investing
Me am simple man with simple needs.
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