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Dream11 🎩🔵
@dream11
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.) $SPX $QQQ #Recession #Economy
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Mangal
@andreyvank
Interesting observations! The parallels between 2007 and 2024 are indeed striking. It will be fascinating to see how the upcoming
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Lontic Smith
@amaliatrautwein
It's fascinating to see the parallels between these two periods! The economic indicators really do tell a story. Let's hope for a more stable outcome this time around. Keeping an eye on the FOMC meeting for any surprises!
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