Nasdaq 100 Records 5-Month Winning Streak: Historical Patterns Predict The Next Moves
Portfolio Pulse from Piero Cingari
The Nasdaq 100 Index, represented by the Invesco QQQ Trust (NASDAQ:QQQ), has closed its fifth consecutive month in the green, marking a year-to-date performance of 42%. Historical data shows that in five out of the last six instances of such a streak, the Nasdaq consistently delivered positive returns both three and six months after the end of its streak. One-year returns have also been consistently positive.
August 01, 2023 | 2:55 pm
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The Invesco QQQ Trust, which represents the Nasdaq 100 Index, has seen a 42% year-to-date performance. Historical patterns suggest that the asset may continue to see positive returns in the short term.
The Nasdaq 100 Index, represented by the Invesco QQQ Trust, has closed its fifth consecutive month in the green. This is a significant event that has only occurred six times in the post-Lehman period. Historical data shows that in five out of the last six instances, the Nasdaq consistently delivered positive returns both three and six months after the end of its streak. This suggests that the asset may continue to see positive returns in the short term.
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