Nasdaq has gone more than 300 days without a major pullback. Does that mean a shakeout is overdue?
The tech-heavy Nasdaq-100 has gone 303 trading sessions without a pullback of 2.5% or more, the third-longest stretch since 1990, according to Jonathan Krinsky, chief market technician at BTIG.While this doesn’t necessarily mean the artificial-intelligence-driven boom in U.S. stocks is ripe for a selloff, Krinsky thinks the market is overdue for a bout of volatility. “Some sort of shakeout is likely coming, in our view,” Krinsky said.The Invesco QQQ Trust Series ETF QQQ,which t
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