Internet riches

Internet stocks continue to surge as various countries start to ease lockdowns. The Dow Jones Internet Composite Index has surged more than 35% over the past 29 days from March 16 lows:

This has been one of the largest 29 day rallies since the dot-com bubble ended:

Outside of the dot-com bubble, such large rallies usually led to a short term pullback or correction:

This was especially true if these rallies came after the internet stocks hit a 1 year low: