Nasdaq's Melt-Up Tracks the Late-1990s at 0.97 Correlation, Aligning With October 1998

Key points

Nasdaq indexed from the 2022 low vs from the 1994 low ｜ Correlation 0.97; today 24,315 (2.38x the low), matching Oct 1998, ~17 months before the March 2000 peak

Image source: @Marcomadness2