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Monday, July 16, 2012
Humphrey Hawkins
As we stroll into a Tuesday session with the Chairman – an analog I have been following from those halcyon days of the summer of 2007.
Although the respective momentum metrics have us beyond said date on the overlay, I would be fooling myself if I wasn’t considering the structural and motivational similarities to the large advance made on September 18th 2007 – when the Chairman surprised the market and lowered the fed funds rate by 50 basis points.
In either case – I am looking for the SPX advance to continue.
- The 2007 Analog Series
