Up 29% in 2023, Is It Safe to Invest in the Nasdaq Right Now?

The market's making a comeback this year after falling into a bear market in 2022. Some still don't officially call it a bull market, but the Nasdaq Composite is up more than 20% from its lows, so the Nasdaq could be understood to be back in bull territory.

But should you invest after the run-up in the Nasdaq's value? The intuitive answer is yes; if the index is on its way up, investors want to take part in that. But the contrarian response would be to take a step back. Let's see if it's a safe option right now.

The Nasdaq Composite is an index of stocks on the Nasdaq Stock Market. It acts as a window into what's going on in the market, like the Dow Jones Industrial Average or the S 500.

Source Fool.com