#Nasdaq100 #TechIndex #MarketCrash #BusinessTrends #2022Market #FinancialRecovery #HistoricalData #DotcomCrash
The year 2022 witnessed a significant drop in the Nasdaq-100 technology index by 33%, pushing it into bear territory. However, from an optimistic lens, this sharp fall tilts the odds towards a significant rebound in 2023. The foundation of this assumption lies in the unique behavior of the index over the past 37 years since its inception. It was observed that it only exhibited decline in consecutive years once, and that was during the infamous dot-com crash.
This interesting pattern recorded in the history of the Nasdaq-100 technology index brings hope for resilience and strength of the tech market in 2023. Besides, the precedent of the dot-com crash provides a lesson about the boom and bust cycles that are inherent in the tech sector. Therefore, trading on the back of historical patterns holds a positive indication for the investors, that the bearish phase could possibly be followed by a significant upward journey.
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