The Nasdaq Composite (^IXIC -0.05%) has fallen sharply as President Donald Trump has pushed for radical changes in U.S. trade policy. The technology-heavy index closed in correction territory on March 6, and it closed in bear market territory on April 4. But history says that this creates a buying opportunity for patient investors.
Since 2010, the Nasdaq Composite has returned an average of 21% during the year following its first close in correction territory. The index has also never failed to recoup losses sustained during past drawdowns, and there is no reason to expect a different outcome this time. In other words, while past performance is never a guarantee of future results, investors have good reason to expect a robust rebound in the next year.
That makes the Invesco QQQ Trust (QQQ 0.14%) a compelling investment idea today. Here are the important details.
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