Nasdaq is 'moving faster than any train we've ever seen before': veteran strategist

Summary: The Nasdaq (^IXIC), which touched fresh highs earlier this week, is like “a train that is moving faster than any train we've ever seen before,” says one veteran strategist. “This is a very very strong rally and it looks similar to what happened pre-Covid collapse, where the Nasdaq went up 11 days in a row,” James McDonald, CEO of Hercules Investments, told Yahoo Finance.