On 20 previous occasions, the Federal Reserve cut interest rates while the S&P 500 was within 2% of reaching an all-time high (based on the prior day's closing).
In all 20 instances, the index posted a gain after one year, with an average growth of 13.9%.
On September 18, 2024, the 21st time occurred.
S&P 500 Returns After Fed Cuts Within 2% Of An All-Time High
September 20, 2024
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