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 (5 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"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%."
"Despite the prolonged stall, Kobeissi notes that 'history suggests technology stocks are set to recover soon.'"
"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%."
"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%."