economy
History says this is where the Nasdaq-100 goes next after a correction
CFRA Research found that the tech-heavy index could recover what it lost in just two months, if last week was indeed the bottom.
TL;DR
- The Nasdaq-100 has fallen into a correction of 11.3% between June 2 and July 29.
- If this is the bottom, historical data suggests the Nasdaq-100 could recover losses in two months and rise 6% thereafter.
- A deeper decline into a bear market would necessitate a longer recovery period.
- Despite positive earnings, 2027 estimates for S&P 500 sectors have seen downward revisions.
- August is historically a challenging month for the S&P 500, with high volatility.
- Stocks rebounded on Monday, with the Nasdaq-100 up 1.8% as investors shifted focus.