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“In the intermediate term, though, the Nasdaq tends to outperform following these lengthy runs higher. Three months after a seven-month winning streak, the index was up 4.18%, on average, and higher 77.8% of the time. That’s compared to an average three-month return of 3.30%, and a win rate of 65.7%, going back to 1978,” according to Schaeffer’s.

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Tom Lydon’s clients own shares of Apple, Facebook and QQQ.