☘️ NASDAQ - 14500 a Doable Target 🎬🍿
History is Bullish on Nasdaq:
The Nasdaq-100 index is home to 100 of the largest technology companies listed on the Nasdaq stock exchange. It had a miserable year in 2022, declining by 33% as investors trimmed their bets on the high-growth tech sector.
But based on the annual returns of the Nasdaq-100 dating back to 1986, consecutive down years are incredibly rare. In fact, the index has only fallen two years in a row on one occasion -- during the dot-com crash between 2000 and 2002.
While the current environment poses its own unique challenges like red-hot inflation and rapidly rising interest rates, there's a likelihood that, based on history alone, the Nasdaq could be set for a bumper 2023.
That's because the index has delivered an average return of 51% in the first positive year following a loss, and given the rarity of consecutive declines, the odds suggest 2023 is likely to be green. But investors will need to see economic headwinds subside, and there are already some early signs that's happening.
US economy is doing just great and fears of economic troubles in China and Europe are shrinking by the day, despite the ongoing war in Ukraine.
Technology keeps becoming more dominant in every day life and AI is offering possibilities to everyone..especially the big Nasdaq Giants.
Optimistic and Bullish here, despite the Rate hikes (another 2-maybe 3 small ones)
One Love,
The FXPROFESSOR
How i called the ATHs:
The Nasdaq-100 index is home to 100 of the largest technology companies listed on the Nasdaq stock exchange. It had a miserable year in 2022, declining by 33% as investors trimmed their bets on the high-growth tech sector.
But based on the annual returns of the Nasdaq-100 dating back to 1986, consecutive down years are incredibly rare. In fact, the index has only fallen two years in a row on one occasion -- during the dot-com crash between 2000 and 2002.
While the current environment poses its own unique challenges like red-hot inflation and rapidly rising interest rates, there's a likelihood that, based on history alone, the Nasdaq could be set for a bumper 2023.
That's because the index has delivered an average return of 51% in the first positive year following a loss, and given the rarity of consecutive declines, the odds suggest 2023 is likely to be green. But investors will need to see economic headwinds subside, and there are already some early signs that's happening.
US economy is doing just great and fears of economic troubles in China and Europe are shrinking by the day, despite the ongoing war in Ukraine.
Technology keeps becoming more dominant in every day life and AI is offering possibilities to everyone..especially the big Nasdaq Giants.
Optimistic and Bullish here, despite the Rate hikes (another 2-maybe 3 small ones)
One Love,
The FXPROFESSOR
How i called the ATHs:
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