Nasdaq 100 Post-2022 Recovery
The significant drop in the NASDAQ 100 in 2022 sets the stage for a strong recovery in 2023.
Too little corroboration in the last 3 days to call a trend (7 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"If last week was indeed the bottom, then history suggests that it will take just two months for the tech-heavy index to recover what was lost, according to CFRA Research. After it recovers those losses, it should rise 6% from there over the following month."
"To stabilize, the Nasdaq must regain its 100-day moving average. Analysts remain watchful, as its ability to surpass this benchmark could alter the market's current negative trajectory."
"If there is a single trade that BofA’s seasonal heatmap flagged as the strongest in May, it is long the Nasdaq 100...The index has averaged a +2.19% gain in May since 1986, rising 68% of the time."
"At six months, the Nasdaq 100 has finished higher nearly three out of four times following a rally of this size and speed. At 12 months, the average gain is 24%, and the median is even stronger at 30%."
"In all five prior occurrences since 1985, the Nasdaq 100 was undeniably higher 12 months later. This flawless 100% positive outcome rate was accompanied by a robust average gain of 17.0%."
"Despite the prolonged stall, Kobeissi notes that 'history suggests technology stocks are set to recover soon.'"
"By the 6-month and 1-year marks, the data is unambiguous: 84.62% of breakdown events resolved higher within a year, with an average gain of 25.29%."
"Now, with the Fed penciling in three rate cuts for 2024, the Nasdaq is expected to surge further."
"the Nasdaq wrapped up the first six months of the year with a 1.5% rally, bringing its gains so far for 2023 to 32%."
"last year was a brutal year for the NASDAQ 100, and thus for the BetaShares NASDAQ 100 ETF. 2022 saw NDQ units lose a nasty 30.67%."