This 20% Nasdaq gain doesn’t mean we’re in a new bull market

This 20% Nasdaq gain doesn’t mean we’re in a new bull market
·3 min read

Eager-beaver bulls are jumping the gun in declaring that the Nasdaq has entered a new bull market. While the Nasdaq Composite index (COMP) has rallied more than 20% from its June low, a greater than 20% Nasdaq rally does not, by itself, guarantee that a new bull market has begun. On the contrary, there have been a number of occasions during past bear markets in which the Nasdaq Composite index rallied by far more than 20%.