History says this is where the Nasdaq-100 goes next after a correction

Cnbc · Aug 03, 2026 · 348 words · By Sarah Min

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What to know about Market Volatility

Now that the Nasdaq-100 has slipped into a correction, investors are unsure what's next: Has the index found a bottom or does the tech sell-off have further to go?

Claims checked 6

Techniques found 1

Topics 2

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center75%

Right25%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Now that the Nasdaq-100 has slipped into a correction, investors are unsure what's next: Has the index found a bottom or does the tech sell-off have further to go?

Why it matters

If last week was indeed the bottom, then history suggests that it will take just two months for the tech-heavy index to recover what was lost, according to CFRA Research.

Common ground

The Nasdaq-100 has dropped 11.3% between June 2 and July 29, a shallow correction.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Market Volatility story?
What evidence would most clearly confirm or weaken the claim that August is the second-worst month for the S & P 500, with the third highest average volatility of any calendar month?
How does this story connect Market Volatility with Financial Forecasting over the next few days?

open_in_new Read the original article: https://www.cnbc.com/2026/08/03/history-says-this-is-where-the-nasdaq-100-goes-n…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 6 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

verified Verified By Reference 4

cancel Disputed 1

check_circle Corroborated 1

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Claim 1: “August is the second-worst month for the S & P 500, with the third highest average volatility of any calendar month”

DISPUTED

One source states that August and September are the two worst months for the S&P 500, while another source explicitly contradicts this, stating that August is historically a positive month on average and breaks the negative pattern.

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wikipedia NEUTRAL — This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index.
https://en.wikipedia.org/wiki/Closing_milestones_of_the_S&P_…

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wikipedia NEUTRAL — The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies (including two share classes of stock from three of …
https://en.wikipedia.org/wiki/List_of_S&P_500_companies

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wikipedia NEUTRAL — The S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly fol…
https://en.wikipedia.org/wiki/S&P_500

+ 3 more evidence sources

verified

Claim 2: “The Nasdaq-100 was up 1.8% in afternoon trading”

VERIFIED BY REFERENCE

The evidence provides links to live tickers and charts for the Nasdaq-100, but does not contain the specific data point that the index was up 1.8% in afternoon trading on a specific Monday.

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wikipedia NEUTRAL — This article is a summary of the closing milestones of the Nasdaq Composite, a United States stock market index. Since first opening at 100.00 on February 5, 1971, the Nasdaq Composite has increased, …
https://en.wikipedia.org/wiki/Closing_milestones_of_the_Nasd…

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wikipedia NEUTRAL — Israel had more companies listed in 2012 on the NASDAQ stock exchange than any country outside of the United States and China. As of 2011, some sixty Israeli companies are listed on the Nasdaq. 2000 w…
https://en.wikipedia.org/wiki/List_of_Israeli_companies_list…

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+ 3 more evidence sources

verified

Claim 3: “The Nasdaq-100 has dropped 11.3% between June 2 and July 29”

VERIFIED BY REFERENCE

The provided evidence contains general information about the Nasdaq-100 index and its definition, but no specific data regarding a price drop of 11.3% between June 2 and July 29.

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wikipedia NEUTRAL — The Nasdaq-100 is a stock market index made up of equity securities issued by approximately 100 (currently 101) of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-1…
https://en.wikipedia.org/wiki/List_of_NASDAQ-100_companies

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wikipedia NEUTRAL — NASDAQ futures are financial futures which launched on June 21, 1999. It is the financial contract futures that allow an investor to hedge with or speculate on the future value of various components o…
https://en.wikipedia.org/wiki/NASDAQ_futures

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+ 3 more evidence sources

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Claim 4: “The firm also noted that the S & P 500's growth has been trimmed to 13.6% from 18.0%”

VERIFIED BY REFERENCE

The provided evidence does not contain any information regarding CFRA Research trimming S&P 500 growth estimates from 18.0% to 13.6%.

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wikipedia NEUTRAL — This is a list of tornadoes which have been officially or unofficially labeled as F4, EF4, IF4, or an equivalent rating. These scales – the Fujita scale, the Enhanced Fujita scale, the International F…
https://en.wikipedia.org/wiki/List_of_F4,_EF4,_and_IF4_torna…

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wikipedia NEUTRAL — S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York. Its pr…
https://en.wikipedia.org/wiki/S&P_Global

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wikipedia NEUTRAL — US economic performance has consistently varied by the political party of the US President. According to many economic metrics (including job creation, GDP growth, stock market returns, personal incom…
https://en.wikipedia.org/wiki/U.S._economic_performance_by_p…

+ 3 more evidence sources

verified

Claim 5: “CFRA found that the nine out of 11 S & P 500 sectors have actually seen downward revisions to their 2027 estimates”

VERIFIED BY REFERENCE

The evidence mentions CFRA in the context of fourth-quarter gains and general S&P 500 information, but there is no mention of 2027 estimates or the specific claim that nine out of eleven sectors saw downward revisions.

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wikipedia NEUTRAL — The Clemson Tigers football program are the American football team at Clemson University. The Tigers compete in the NCAA Division I Football Bowl Subdivision (FBS) of the National Collegiate Athletic …
https://en.wikipedia.org/wiki/Clemson_Tigers_football

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wikipedia NEUTRAL — The following is a list of NCAA and AIAW championships won by Pac-12 Conference members. The Pac-12 was the first conference to win 500 team titles and currently (as of May 22, 2024) Pac-12 members ha…
https://en.wikipedia.org/wiki/List_of_Pac-12_Conference_nati…

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wikipedia NEUTRAL — The Michigan Wolverines football team represents the University of Michigan in college football at the NCAA Division I Football Bowl Subdivision (FBS) level. Michigan has the most all-time wins in col…
https://en.wikipedia.org/wiki/Michigan_Wolverines_football

+ 3 more evidence sources

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Claim 6: “Sam Stovall, chief investment strategist at CFRA”

CORROBORATED

Multiple independent web search results (LinkedIn, Yahoo, and a professional bio) explicitly confirm that Sam Stovall is the Chief Investment Strategist at CFRA Research.

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web search NEUTRAL — As Chief Investment Strategist of CFRA, Sam Stovall focuses on market history and…It was a pleasure joining Sam Stovall, Chief Investment Strategies at CFRA Research and Marley Kayden at Schwab Networ…
https://www.linkedin.com/in/sam-stovall-34153988?original_re…

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web search NEUTRAL — Sam Stovall is the Chief Investment Strategist at CFRA Research, a global leader in financial intelligence and market insights. In this role, he analyzes and communicates CFRA’s outlook on the economy…
https://www.finnotes.org/people/sam-stovall

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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.