QQQ
The streak is dead. Long live the streak.
The Nasdaq 100 finally blinked Monday after a 13-day run of gains, and the mood instantly shifted from “is this thing unstoppable?” to “okay, but what happens next?” Carson Group strategist Ryan Detrick’s answer: probably some short-term chop, not a full-on market faceplant.
Why the calendar nerds are smiling
Detrick’s whole case leans on history, which — in finance — is basically the closest thing we have to a time machine. He points out that stretches like this have often led to more gains over the next year, even if the next few weeks can get a little messy. In other words, the market may need a snack break, not a funeral.
Tech is back in the driver’s seat
The bigger read-through for investors is that tech, which has been dragging a bit for much of the year, may be reclaiming its swagger. Detrick compared the setup to last spring, when tariffs and AI disruption fears were dominating headlines and tech still managed to take back control.
A few investor takeaways:
- Short term: a pullback or consolidation wouldn’t be shocking
- Medium term: the streak is being framed as evidence the bull market is still healthy
- Long term: Carson still likes its 2026 view of the S&P 500 up 12% to 15%
Big picture
This isn’t about one glorious winning streak. It’s about whether the rally has enough fuel to keep going after the market’s been acting like it just discovered espresso. Detrick’s answer is basically: yes, the party may continue — just maybe not at full volume every single day.