The Dow Jones surpasses the Nasdaq for the first time since 2022. Is it making a comeback?

The Dow Jones Industrial Average has outperformed the Nasdaq 100 in annual returns for the first time since 2022, with 11.09% versus 8.09%. Over the past month, the Dow fell only 0.4% while the Nasdaq plunged 12%. Experts are divided on whether this is a lasting trend or a temporary phenomenon.

For the first time since 2022, the Dow Jones Industrial Average (the blue-chip index) has surpassed the Nasdaq 100 in annual returns, with 11.09% compared to 8.09%. Over the past month, the Dow fell only 0.4%, while the Nasdaq plunged about 12% and the S&P 500 lost about 5%. The article examines whether this is a real comeback or a fleeting phenomenon, citing investment managers Isaac Idelman from Menora Mivtachim and Oded Makler from IBI. Idelman explains that investors are moving to defensive sectors due to concerns over interest rates, inflation, oil prices, and geopolitical uncertainty. Makler sees the declines as an opportunity rather than a threat and advises against entering a "bunker." However, over the long term (5 and 20 years), the Dow significantly lags behind the S&P 500 and Nasdaq. The article concludes with a disclaimer that it does not constitute investment advice.