The streak won’t quit
The Nasdaq Composite just spent Friday doing what momentum markets do best: ignoring your nerves and climbing anyway. It rose 1.5% and finished its 13th straight day of gains, the longest run the index has posted since 1992. That’s not a typo, and yes, it feels a little like the market found a secret energy drink.
From selloff to second act
Since May 1, 2023, the index has doubled, gaining 100% in less than three years. And even the so-called "Liberation Day" trough — the kind of dramatic dip that makes investors briefly consider becoming a beekeeper — didn’t stop the comeback.
Why you should care
When the Nasdaq is this strong, it usually means investors are still happy to pay up for growth, AI, software, semis, and all the usual high-beta suspects. That’s great if you own the winners, but it also means the tape can get stretched fast if sentiment cools off.
Big picture
This is the classic market paradox: the higher things climb, the more everyone starts asking how long the fun can last. For now, though, the Nasdaq is doing its best impression of a kid who refuses to leave the trampoline.