Archived · 16 July 2026

Equities · NDX

Nasdaq 100

See how coverage of the Nasdaq 100 is changing—and the bullish and bearish arguments behind it.

Updated 16 July 2026

Coverage: 9–15 July 2026

Sentiment over time

History shown

64% bullish — 64% of the articles that took a side on Nasdaq 100 argued Nasdaq 100 higher, articles published 9–15 July.

Of articles taking a side · published 9–15 July

As of 16 July 2026

0–100% bullish · 10 Jul — 16 Jul 2026. From 54% on 10 Jul to 64% on 16 Jul; low 42% on 14 Jul, high 64% on 16 Jul.

Nasdaq 100 narrative sentiment, the 7 days to 16 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-07-10	54
2026-07-11	57
2026-07-12	58
2026-07-13	59
2026-07-14	42
2026-07-15	56
2026-07-16	64

0–100% bullish · 17 Jun — 16 Jul 2026. From 18% on 23 Jun to 64% on 16 Jul; low 8% on 24 Jun, high 64% on 16 Jul. 6 days have no reading and are left as a gap.

Nasdaq 100 narrative sentiment, the 30 days to 16 Jul 2026: the share of articles taking a side that were bullish, each day a 7-day reading. Days without a reading are not listed.
Date	Bullish share (%)
2026-06-23	18
2026-06-24	8
2026-06-25	27
2026-06-26	35
2026-06-27	30
2026-06-28	34
2026-06-29	34
2026-06-30	44
2026-07-01	62
2026-07-02	55
2026-07-03	50
2026-07-04	57
2026-07-05	54
2026-07-06	54
2026-07-07	54
2026-07-08	37
2026-07-09	41
2026-07-10	54
2026-07-11	57
2026-07-12	58
2026-07-13	59
2026-07-14	42
2026-07-15	56
2026-07-16	64

How this is measured

Each point measures the previous seven days of directional articles. It describes coverage, not the probability of a rise in the Nasdaq’s price.Articles published from 9 to 15 July, scored the following mornings.

What changed

New in the bullish case: PPI Decline Boosts Equity Valuations

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The bullish and bearish cases

↗ Bullish case · Summary unavailable

No case summary was saved for this edition

The bullish narratives below show what this side of the coverage argues.

↘ Bearish case · Summary unavailable

No case summary was saved for this edition

The bearish narratives below show what this side of the coverage argues.

How the Nasdaq’s narratives are evolving

Start with the highlights, or explore a stage of the narrative lifecycle.

Featured

6 featured narratives · Selected highlights across the lifecycle

Accelerating attention
Nasdaq Tech Outperformance Leadership
Share of coverage
6.3%
Past 3 days
Sentiment
Bullish
In short
The Nasdaq is a top performer due to its concentration in disruptive tech companies.
Read the narrative — Nasdaq Tech Outperformance Leadership
Accelerating attention
Broadcom Miss Chip Selloff
Share of coverage
3.5%
Past 3 days
Sentiment
Bearish
In short
Disappointing results from Broadcom are causing a selloff in chip stocks, weighing on the Nasdaq.
Read the narrative — Broadcom Miss Chip Selloff
Accelerating attention
Chip Stock Rally Lifts Nasdaq
Share of coverage
2.9%
Past 3 days
Sentiment
Bullish
In short
Chip stocks are contributing to the recovery on Wall Street.
Read the narrative — Chip Stock Rally Lifts Nasdaq
Fading attention
AI Chip Stock Selloff Pressure
Share of coverage
3.2%
Past 3 days
Sentiment
Bearish
In short
Weakness in AI-infrastructure stocks and chip makers is dragging the broader market lower and weighing on market sentiment.
Read the narrative — AI Chip Stock Selloff Pressure
Emerging attention
Nasdaq 100 Futures Bearish Pullback
Share of coverage
3.2%
Past 3 days
Sentiment
Bearish
In short
Futures for the Nasdaq 100 Index slipped, signaling a more cautious market sentiment.
Read the narrative — Nasdaq 100 Futures Bearish Pullback
Steady attention
PPI Decline Boosts Equity Valuations
Share of coverage
4%
Past 3 days
Sentiment
Bullish
In short
Easing producer inflation signals disinflation momentum, which is positive for equity markets seeking rate stability
Read the narrative — PPI Decline Boosts Equity Valuations

Emerging

1 emerging narrative · Gaining attention from a low base

Emerging attention
Nasdaq 100 Futures Bearish Pullback
Share of coverage
3.2%
Past 3 days
Sentiment
Bearish
In short
Futures for the Nasdaq 100 Index slipped, signaling a more cautious market sentiment.
Read the narrative — Nasdaq 100 Futures Bearish Pullback

Accelerating

5 accelerating narratives · Already visible and gaining attention

Accelerating attention
Nasdaq Tech Outperformance Leadership
Share of coverage
6.3%
Past 3 days
Sentiment
Bullish
In short
The Nasdaq is a top performer due to its concentration in disruptive tech companies.
Read the narrative — Nasdaq Tech Outperformance Leadership
Accelerating attention
Broadcom Miss Chip Selloff
Share of coverage
3.5%
Past 3 days
Sentiment
Bearish
In short
Disappointing results from Broadcom are causing a selloff in chip stocks, weighing on the Nasdaq.
Read the narrative — Broadcom Miss Chip Selloff
Accelerating attention
Chip Stock Rally Lifts Nasdaq
Share of coverage
2.9%
Past 3 days
Sentiment
Bullish
In short
Chip stocks are contributing to the recovery on Wall Street.
Read the narrative — Chip Stock Rally Lifts Nasdaq
Accelerating attention
Mega-Cap AI Rotation Rally
Share of coverage
2%
Past 3 days
Sentiment
Bullish
In short
AI trade momentum is driving strength in mega-cap tech stocks and broad US equity indices
Read the narrative — Mega-Cap AI Rotation Rally
Accelerating attention
Semiconductor Stocks Broad-Based Rally
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Strength in semiconductor stocks is a bullish factor for the overall market.
Read the narrative — Semiconductor Stocks Broad-Based Rally

Fading

13 fading narratives · Losing attention

Fading attention
AI Chip Stock Selloff Pressure
Share of coverage
3.2%
Past 3 days
Sentiment
Bearish
In short
Weakness in AI-infrastructure stocks and chip makers is dragging the broader market lower and weighing on market sentiment.
Read the narrative — AI Chip Stock Selloff Pressure
Fading attention
Asia Retail Tech Volatility Spike
Share of coverage
3.2%
Past 3 days
Sentiment
Bearish
In short
Rising volatility in big tech and semiconductor stocks reflects unstable market conditions driven by retail investor participation in Asia
Read the narrative — Asia Retail Tech Volatility Spike
Fading attention
AI Bubble Deflation Tech Reset
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
The AI trade is cooling, leading to a much-needed reset in tech valuations.
Read the narrative — AI Bubble Deflation Tech Reset
Fading attention
Semiconductor Profit-Taking Rotation Out
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
Profit-taking in semiconductor stocks after strong first-half gains is creating downward pressure on the Nasdaq.
Read the narrative — Semiconductor Profit-Taking Rotation Out
Fading attention
AI Capex Bubble Valuation Concern
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
The rally driven by artificial-intelligence spending is unsustainable and may lead to a market correction.
Read the narrative — AI Capex Bubble Valuation Concern
Fading attention
AI Capex Debt Sustainability Concerns
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Debt-funded AI spending by hyperscalers is unsustainable and raising concerns about semiconductor capex investments, pressuring chip stocks lower
Read the narrative — AI Capex Debt Sustainability Concerns
Fading attention
AI Infrastructure Demand Deterioration
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Fundamental risks are emerging in AI infrastructure demand as major tech players shift toward lower-cost models and reduce investment priorities
Read the narrative — AI Infrastructure Demand Deterioration
Fading attention
AI Valuation Bubble Reversal Risk
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
AI-driven stock valuations are vulnerable to sharp reversals due to their elevated prices and outsized market influence
Read the narrative — AI Valuation Bubble Reversal Risk
Fading attention
Fed Pause Boosts Tech Growth
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Delayed Fed rate hikes provide a temporary positive outlook for technology stocks that rely on long-term growth
Read the narrative — Fed Pause Boosts Tech Growth
Fading attention
NASDAQ 100 Bear Market Buying
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
The NASDAQ 100's recent entry into a bear market presents a buying opportunity for investors.
Read the narrative — NASDAQ 100 Bear Market Buying
Fading attention
Space Stock Valuation Stretch Risk
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Valuations in the space sector are becoming stretched, raising caution among investors.
Read the narrative — Space Stock Valuation Stretch Risk
Fading attention
SpaceX Nasdaq-100 Inclusion Buying
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Nasdaq-100 index inclusion will drive near-term buying pressure in NDX as passive funds must purchase shares to track the index
Read the narrative — SpaceX Nasdaq-100 Inclusion Buying
Fading attention
SpaceX Nasdaq-100 Inclusion Buying
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Active institutional investors are accumulating SpaceX shares ahead of index inclusion, signaling confidence in the stock's prospects
Read the narrative — SpaceX Nasdaq-100 Inclusion Buying

Steady

41 steady narratives · Holding a steady share of attention

Steady attention
PPI Decline Boosts Equity Valuations
Share of coverage
4%
Past 3 days
Sentiment
Bullish
In short
Easing producer inflation signals disinflation momentum, which is positive for equity markets seeking rate stability
Read the narrative — PPI Decline Boosts Equity Valuations
Steady attention
AI Quality Earnings Differentiation
Share of coverage
2.9%
Past 3 days
Sentiment
Bullish
In short
Companies with strong balance sheets, healthy cash flows and sustainable earnings growth will recover faster from any AI valuation correction than those driven primarily by market narratives
Read the narrative — AI Quality Earnings Differentiation
Steady attention
Tech Valuation Reset Via Innovation
Share of coverage
2.6%
Past 3 days
Sentiment
Bullish
In short
Tech companies can create new catalysts that reshape investor valuation more effectively than other sectors.
Read the narrative — Tech Valuation Reset Via Innovation
Steady attention
Chip Stock Pullback Nasdaq Risk
Share of coverage
2%
Past 3 days
Sentiment
Bearish
In short
The retreat of chip stocks raises concerns about the sustainability of the tech-led rally.
Read the narrative — Chip Stock Pullback Nasdaq Risk
Steady attention
Fed Rate Hike Pause Rally
Share of coverage
2%
Past 3 days
Sentiment
Bullish
In short
Fed Chair Warsh's recent comments suggesting inflation risks have declined reduce near-term expectations for rate hikes, supporting equity valuations.
Read the narrative — Fed Rate Hike Pause Rally
Steady attention
Nasdaq 100 Correction Phase
Share of coverage
2%
Past 3 days
Sentiment
Bearish
In short
The Nasdaq 100 is in a correction phase, indicating potential further declines.
Read the narrative — Nasdaq 100 Correction Phase
Steady attention
NDX Inclusion Post-Rally Fade
Share of coverage
2%
Past 3 days
Sentiment
Bearish
In short
Index inclusion is not a reliable bullish signal after a stock has already experienced a significant rally, as investor optimism peaks and expectations become priced in before inclusion
Read the narrative — NDX Inclusion Post-Rally Fade
Steady attention
Tech Earnings Optimism Rally
Share of coverage
2%
Past 3 days
Sentiment
Bullish
In short
Investors are optimistic about upcoming earnings reports, driving tech stocks higher.
Read the narrative — Tech Earnings Optimism Rally
Steady attention
Broadcom Miss AI Rally Doubt
Share of coverage
1.4%
Past 3 days
Sentiment
Bearish
In short
A weaker-than-expected earnings report from Broadcom raises questions about the sustainability of the AI-driven rally in equities.
Read the narrative — Broadcom Miss AI Rally Doubt
Steady attention
Nasdaq All-Time Highs Earnings Rally
Share of coverage
1.4%
Past 3 days
Sentiment
Bullish
In short
Strong corporate earnings and the gradual reopening of the U.S. economy are supporting the S&P 500 and Nasdaq at all-time highs.
Read the narrative — Nasdaq All-Time Highs Earnings Rally
Steady attention
Nasdaq Tech Breakout Failure
Share of coverage
1.4%
Past 3 days
Sentiment
Bearish
In short
The Nasdaq Composite's violation of its breakout point indicates potential weakness in the tech sector.
Read the narrative — Nasdaq Tech Breakout Failure
Steady attention
Tech Rebound Post-Tariff Bottom
Share of coverage
1.4%
Past 3 days
Sentiment
Bullish
In short
Tech-related stocks are rebounding, indicating a potential recovery in the market.
Read the narrative — Tech Rebound Post-Tariff Bottom
Steady attention
Big Tech Regulatory Selloff Pressure
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
The sell-off in Nasdaq futures is driven by concerns over potential regulatory actions against big tech.
Read the narrative — Big Tech Regulatory Selloff Pressure
Steady attention
Geopolitical Risk-Off Tech Selloff
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
Technology stocks are particularly vulnerable to geopolitical risk-off sentiment
Read the narrative — Geopolitical Risk-Off Tech Selloff
Steady attention
Iran Tensions Pressuring US Stocks
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
Geopolitical tensions with Iran are causing U.S. stocks to dip.
Read the narrative — Iran Tensions Pressuring US Stocks
Steady attention
Nasdaq-100 Volume Deterioration Reversal
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
Declining volume and deteriorating market internals in the Nasdaq-100 suggest that buying enthusiasm is fading and participation is drying up, signaling a potential reversal.
Read the narrative — Nasdaq-100 Volume Deterioration Reversal
Steady attention
Nasdaq Tech Selloff Pressure
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
Immediate selling pressure reflects negative investor sentiment towards technology stocks.
Read the narrative — Nasdaq Tech Selloff Pressure
Steady attention
SpaceX Nasdaq Inclusion Impact
Share of coverage
1.2%
Past 3 days
Sentiment
Bullish
In short
Mandatory index inclusion of SpaceX in the Nasdaq-100 creates artificial buying demand that will mechanically drive prices higher regardless of fundamental value.
Read the narrative — SpaceX Nasdaq Inclusion Impact
Steady attention
Tech Earnings Season Sell-Off
Share of coverage
1.2%
Past 3 days
Sentiment
Bearish
In short
Tech stocks are likely to be sold off in droves after a disastrous earnings season.
Read the narrative — Tech Earnings Season Sell-Off
Steady attention
AI Data Center Energy Crisis
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
The global AI race is creating unsustainable energy demand that will make data centers the sixth largest energy consumer globally by 2030, creating systemic environmental and operational risks.
Read the narrative — AI Data Center Energy Crisis
Steady attention
AI-Driven Mega-Cap Tech Rally
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Hype around artificial intelligence is a significant factor driving stock performance in 2023.
Read the narrative — AI-Driven Mega-Cap Tech Rally
Steady attention
AI Earnings Expectations Gap
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Tech corporate earnings face intense scrutiny as expectations may have moved ahead of near-term earnings reality regarding AI profits, creating room for volatility.
Read the narrative — AI Earnings Expectations Gap
Steady attention
AI Hyperscaler Valuation Rebound
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
AI hyperscaler stocks look oversold, making their valuations attractive.
Read the narrative — AI Hyperscaler Valuation Rebound
Steady attention
AI Tech Valuation Correction
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Tech stocks are slowing following huge runs made because of excitement around artificial-intelligence technology, which critics said made them too expensive.
Read the narrative — AI Tech Valuation Correction
Steady attention
Asia Tech Index Leadership
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Technology-related shares are driving gains in Asian stocks.
Read the narrative — Asia Tech Index Leadership
Steady attention
Big Tech Regulatory Risk Caution
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Investors are becoming more cautious about their positions in large tech stocks due to potential regulatory changes.
Read the narrative — Big Tech Regulatory Risk Caution
Steady attention
Chip Stock Profit-Taking Pressure
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Chip stock profit-taking after massive year-to-date gains is driving Nasdaq underperformance versus the Dow
Read the narrative — Chip Stock Profit-Taking Pressure
Steady attention
Geopolitical Tensions Pressuring Tech Valuations
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Investor focus on geopolitical developments is influencing market movements.
Read the narrative — Geopolitical Tensions Pressuring Tech Valuations
Steady attention
Growth-to-Value Rotation Pressure
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Investors are rotating out of growth-oriented stocks and into cyclical and under-priced value stocks.
Read the narrative — Growth-to-Value Rotation Pressure
Steady attention
IPO Capital Rotation Tech Selling
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
Institutional selling pressure from upcoming mega-cap IPOs could lead to trimming of existing tech winners, impacting valuations.
Read the narrative — IPO Capital Rotation Tech Selling
Steady attention
Memory Chip AI Demand Expansion
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
The AI trade is expanding beyond core semiconductor players, with memory chip suppliers like SK Hynix becoming central to the narrative
Read the narrative — Memory Chip AI Demand Expansion
Steady attention
Nasdaq 100 AI Bubble Deflation
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
AI-driven rally has pushed Nasdaq 100 valuations to elevated levels that may not be justified by future earnings growth
Read the narrative — Nasdaq 100 AI Bubble Deflation
Steady attention
Nasdaq 100 Scale Earnings Advantage
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Nasdaq 100 companies possess unique competitive advantages in converting scale, data, software, and user attention into earnings, making the index more than a simple technology play.
Read the narrative — Nasdaq 100 Scale Earnings Advantage
Steady attention
Nasdaq Chip Stock Rebound
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Tech sector stabilization is supporting broader market recovery after Tuesday's sharp decline
Read the narrative — Nasdaq Chip Stock Rebound
Steady attention
NDX Retracement Zone Support Signal
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
The NASDAQ-100 Index is trading on the strong side of its retracement zone, indicating potential support.
Read the narrative — NDX Retracement Zone Support Signal
Steady attention
SpaceX IPO Valuation Bubble Risk
Share of coverage
—
Past 3 days
Sentiment
Bearish
In short
SpaceX's valuation thesis is fundamentally flawed due to unrealistic AI capabilities, unproven orbital infrastructure, and unsustainable productivity assumptions that make a market crash highly probable
Read the narrative — SpaceX IPO Valuation Bubble Risk
Steady attention
SpaceX Nasdaq-100 Inclusion Impact
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
SpaceX's AI infrastructure capabilities position it to compete effectively in the hyperscale AI market, supporting long-term growth
Read the narrative — SpaceX Nasdaq-100 Inclusion Impact
Steady attention
SpaceX Nasdaq-100 Passive Inflows
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
Billions in automatic passive fund inflows from index inclusion will drive SpaceX share prices higher
Read the narrative — SpaceX Nasdaq-100 Passive Inflows
Steady attention
SpaceX Nasdaq Inclusion Impact
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
SpaceX's leadership in reusable rocket technology, launch services, and Starlink satellite internet with margin improvement potential supports higher valuations
Read the narrative — SpaceX Nasdaq Inclusion Impact
Steady attention
Tech Rally on Geopolitical Easing
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
AI and tech sectors are leading the market recovery as geopolitical risks ease.
Read the narrative — Tech Rally on Geopolitical Easing
Steady attention
Tech Sector Earnings-Driven Rally
Share of coverage
—
Past 3 days
Sentiment
Bullish
In short
The tech sector is experiencing significant growth, contributing to overall market strength.
Read the narrative — Tech Sector Earnings-Driven Rally

All 60 Nasdaq 100 narratives

Sentiment over time

What changed

Keep up with Nasdaq 100

The bullish and bearish cases

No case summary was saved for this edition

No case summary was saved for this edition

How the Nasdaq’s narratives are evolving

Featured

Emerging

Accelerating

Fading

Steady

More on the Nasdaq and the market

Related themes

Related assets

Nasdaq 100 history