The Nasdaq Composite has rebounded more than 50% from its low
The Nasdaq Composite has rebounded more than 50% from its low in just 15 days. Such quick and significant bounces have a strong tendency to make more gains.
Just 15 days after its 52-week low, the composite Nasdaq has already regained 56% of its decline. Analysts say this is exactly the same bounce that the Nasdaq made back in its first 15 days of rally in 2020.
Just 15 days after its 52-week low, the composite Nasdaq has already regained 56% of its decline. Analysts say this is exactly the same bounce that the Nasdaq made back in its first 15 days of rally in 2020.