The Nasdaq is on an impressive winning streak we didn't even see during the tech bubble
The Nasdaq is currently at a record high.
On Monday, the tech index closed at 5,218, higher than it ever did during the peak of the tech bubble back in 2000.
But in addition to hitting a new record level, the index has gotten there by being more consistent than its ever been.
On Friday, Nasdaq — the company, not the index — noted that its index is currently in the midst of a 10-quarter winning streak, topping the 9-quarter streak seen back during the tech bubble.
And of course since the index was positive for the first 2 quarters of this year, Nasdaq noted that during years when the index was positive to start the year, the average year-end return was 36.9%.
So far this year, the Nasdaq is up 10%.
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