The Nasdaq 100 has crossed a notable threshold, trading below its all-time high for 100 consecutive days. However, with the index hovering less than 10% off its peak, historical data suggests tech investors shouldn’t panic just yet.
Rare Setup For Big Tech
According to recent market analysis shared by The Kobeissi Letter, the tech-heavy index has entered a highly unusual consolidation phase.
The Nasdaq 100 has now gone 100 days without hitting a new record high, marking its longest such streak since 2023. It made its last record of 26,182.10 points in October 2025.
Despite not hitting an all-time high, the index has avoided a major correction, remaining within 10% of its peak. The index closed Thursday at 23,586.99 points, just 9.91% below its previous record.
This specific combination—100 days below the high but down less than 10%—is an exceptionally rare market signal. It marks only the sixth time this exact pattern has occurred since 1985.
Despite the prolonged stall, Kobeissi notes that “history suggests technology stocks are set to recover soon.”
This post was originally published here
