A historical look at the average number of months it typically takes the SPX to peak from the low point in the cycle of the Fed Funds Rate.
S&P500 Peak after Fed Funds Low
Source: Chart of the Day
This suggests we have anywhere from 6 to 12 months before we see a topping process for the major indices.
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Quote of the Day:
“Success is going from failure to failure without loss of enthusiasm.”
–Winston Churchill (1874-1965).
