What is NASDAQ 100?

The NASDAQ 100 is up nearly 650% over the past 10 years, surpassing the Dow in the 1920s, the S&P 500 in the 1950s, and Japan's Nikkei in the 1980s.

“The NASDAQ 100 now over the past 10 years is up nearly 650%. Higher than the Dow of the 20s, higher than the S&P in the '50s, higher than Japan in the 80s.”

The equal-weight S&P 500 keeps getting rejected at all-time highs while cap-weighted indices and the Nasdaq 100 are already there, signaling a narrow rally concentrated in large caps.

“I tweeted today, 'Equal weight S&P 500 has not made new all-time highs yet and keeps getting rejected. Meanwhile, Q's and market cap weight are at all-time highs.'”

Jason Calacanis predicts SpaceX and Tesla will be the standout performers in the NASDAQ 100 over 1, 3, and 5 year horizons.

“My prediction and you can just pull this prediction forward and remind me every one, three, and five years about this. In fact, put it on the twist calendar. Keep me honest. 1, three, and five years from now, SpaceX and Tesla will be the great performers in the portfolio of the NASDAQ 100, and people will say, "Oh my god, it was great that it was included.”

SpaceX is reportedly being added to both the NASDAQ 100 and S&P 500, with inclusion described as the result of a negotiated listing arrangement rather than standard qualification.

“SpaceX negotiated with NASDAQ for inclusion into the NASDAQ 100 and will be in the S&P 500 and it was just a negotiation to get the listing.”