Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Market Thoughts The last 2 months have been quite interesting. I got a push notification on my phone Wednesday evening about a WSJ article with the text “The Nasdaq surged 2.9% [today] and entered a bull market, up at least 20% from a recent low. The rise ended the longest bear market since 2008.” And just like that everything looks great! All is not well, however… While technically this may be true, I don’t think anyone would argue we’re really at the start of a new bull market. Many on twitter were quick to point out that in the dot com crash from 2000 to 2002 the Nasdaq rose 20% 7 separate times on its ultimate path to bottoming. However, the current bear market rally we’re in today (~40 trading days) is longer than all 7 bear market rallies from the dot com crash (haven’t actually fact checked this yet, but I got this data from
Well done, this is my first time get a very strong argument.. Keep it up