Previous Nasdaq bumps like the one on April 9 have been follow by some severe plunges.
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Thanks to a 90-day hold on sweeping reciprocal tariffs, the Nasdaq had its second-best day ever. However, if you think the short-lived bear market is over, you’re in for a rude awakening.
Call it whatever you’d like….the calm before the storm, a relief rally, or whatever other cliche you can come up with. But history says to brace for impact.
Of the 25 best days for the Nasdaq — which includes April 9th — 24 of them have come during some kind of financial crisis, with 22 of them occurring during the dot-com collapse.
The Nasdaq is still down 1% in April, but it’s a far cry from where it stood during other times of crisis.
In October of 1987 the index plummeted by 27%, and again by 23% in November of 2020. However, the Nasdaq is coming off its worst quarter in three years.
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