The Nasdaq-100 technology index plunged into a bear market in 2022 on the back of a 33% loss for the year. But in its 37-year history dating back to 1986, the index has only fallen in consecutive years on one occasion -- from 2000 to 2002, when the dot-com tech bubble burst.

True to that track record, the Nasdaq-100 bounced back with a whopping 53% gain in 2023. But it gets better, because bounce-back years like 2023 have always been followed by another positive year.

There have been four such occurrences since 1986, with an average annual gain of 21.5%. That's the return investors might expect in 2024 if history repeats itself, and it's supported by improving economic conditions like falling inflation and several expected interest rate cuts.

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Source Fool.com