On August 7, 2025 it was noted that the NAAIM index reading was very close to where it was on January 8, 2020. The index is currently in a position similar to where it was in January 2020, when the Fed Funds effective rate was 1.55 percent. Another bounce upward in the stock markets would be expected, just as they did in February 2020. Then, a decline should follow. It is unknown at this point how quickly a decline will occur.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
