Nasdaq futures are currently down 7.5% from their peak.
Looking back, they moved sideways between September 2025 and March 2026, then corrected 10% before skyrocketing 25% to new all-time highs at a record pace, primarily driven by massive AI adoption.
The market might complete a 10% correction first, then resume the strong AI rally. This growth phase is still ongoing and will likely take at least 1-3 years before reaching its peak.
That said, the next couple of weeks do bring some volatile events: on/off Iran peace deal, CPI today and PPI tomorrow, SpaceX IPO this Friday, BoJ's plan to raise rates by 0.24 next Tuesday, Warsh's first FOMC meeting next Tuesday and Wednesday, and next Thursday is Quad Witching day.
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