By Tom Psarofagis / Product Development Specialist, Nasdaq Global Information Services
This article has been republished with permission and first appeared on Business.nasdaq.com
With the first half of 2015 behind us, the Nasdaq-100 is riding an unprecedented 10-quarter win streak. This beats the previous record of nine quarters that was set during the raging bull market of the late 1990s. With plenty of debate around the sustainability of the current streak, we thought it would be interesting to examine this historical first- and second-quarter Nasdaq-100 performance.
Recap of the current win streak
- Since 1990, the Nasdaq-100 has had a positive first quarter 16 times.
- The median gain of those 16 quarters is 5.7%.
When the Nasdaq-100 was positive in the first quarter of the year, it set a positive tone for the remainder of the year. The index ended the entire year higher in every instance except for one, which happened to be the market sell-off of 2000. The median annual performance in a year with a positive first quarter is a remarkable 36.9%.
- Since 1990, the Nasdaq-100 has had 17 positive second quarter 17 times.
- The median gain of those 17 quarters is 9.2%.
The frequency of positive second quarters is greater with 17 occurrences since 1990. In only three instances did the Nasdaq-100 trade lower for the year: 1990, 2001, and 2008. Overall, the median annual gain for the Nasdaq-100 following a positive second quarter is just slightly over 20%.
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