Nasdaq 13‑day Rally Records, Cramer Says Remarkable
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- Nasdaq Composite (^IXIC) is on a 13‑day winning streak, a feat matched only once in four decades.
- Philadelphia Semiconductor Index (^SOX) has logged 13 straight gains, only one other time since 1994.
- Technology Select Sector SPDR Fund (XLK) has posted a 13‑day rally twice since its 1999 launch.
- S&P 500 (^GSPC) is on track for a third consecutive weekly gain of over 3%, a pattern not seen since November 2002.
- iShares Expanded Tech‑Software Sector ETF (IGV) recorded its best week since October 2001, indicating the rally is widening beyond semiconductors.
- Olivia Voznenko (Trade to Close founder) says the rally is driven by “how traders trade the news,” not the news itself.
- Jim Cramer (CNBC) calls the rally “remarkable” and warns investors to watch a big earnings week ahead.
Why it matters: The 13‑day rally could extend into the upcoming earnings week, amplifying volatility for S&P 500 investors.
