History Says The Nasdaq-100 Could Be on the Cusp of a 6-Year Win Streak. Here's 1 Stock to Buy Right Now
The Nasdaq-100 technology index is still recovering from a brutal 2022, when it plunged 33% into bear territory. But down years are quite rare: In the 37-year history of the index, it has delivered an annual loss only seven times.
Consecutive losing years are even less likely to occur. In fact, only the dot-com bust from 2000 to 2002 produced back-to-back annual drops in the Nasdaq-100.
True to history, the index has bounced back in 2023 with a powerful gain of 47% so far. But it gets better, because the data suggests once the Nasdaq-100 turns green, it tends to spark a roaring bull market.
Source Fool.com
