< BACK TO ALL REPORTS

The End of Nadaq 100's epic rally?

Troy Bombardia
2020-07-30
As the end of the month approaches, NASDAQ 100 might be underperforming S&P 500 for the first time after a long streak of outperformance.

As noted by the Market Ear, with the month of July coming to an end, NASDAQ 100 could be underperforming S&P 500 for the first time after 9 consecutive months of outperformance (monthly time frame). This was an extremely rare occurrence in the past and has only happened once in 2000.

For the sake of expanding the sample size, let's see what happened next when NASDAQ 100 underperformed S&P 500 for the first time after 8 consecutive months of outperformance.

This was a very bearish sign for the NASDAQ 100 index over the next few weeks and months.

Sorry, you don't have access to this report

Upgrade your subscription plan to get access
Go to Dasboard