Here's What the Nasdaq Might Do in 2023, and the Stocks to Buy Right Now
Down years in the tech sector are quite rare. In fact, the Nasdaq-100 technology index has delivered a positive annual return 78% of the time since 1986. Moreover, consecutive down years are even more rare -- that has only happened once for the Nasdaq-100, during the dot-com bust from 2000 to 2002.
But losses are fresh in investors' minds, because 2022 happened to be one of those unlucky years. The tech index plunged 33%, and many individual stocks fared even worse.
History shows that the market usually comes back strong. The table below shows the return of the Nasdaq-100 in the first positive year following the losses recorded in 1990, 2002, 2008, and 2018.
Source Fool.com