Chart of the Day – September 1, 2020

The NDX Index (Nasdaq 100) continues to have an incredible 2020.  Through yesterday, 8/31/20, the NDX’s year-to-date total return is 39.56%.  And from the March 23 lows, the NDX has tacked on 73.52%.

Tech has worked well in this lower growth backdrop – the next 4 months of 2020 will be interesting to say the least.

CW

NDX Total Return (Year-to-date through 8/31/20)

Source: Bloomberg

NDX from 3/23/20 – 8/31/20

Source: Bloomberg