Dot-Com Nasdaq at the Same Distance From Its Peak

## What this measures

For each AI-era month (see equities.nasdaq.ai_era_vs_high), the Nasdaq Composite's monthly average the same number of months before or after its dot-com peak month (March 2000, the highest monthly average of 1995–2002), as a percent of that peak month. Dated on the AI-era calendar so the two lines share one axis and one scale.

## Why it matters

It answers the question the comparison charts ask: if today were March 2000, how far had the dot-com rally come by this point, and how far had it fallen after?

## How to read it

Both series read 100 in the aligned month. Before it, the line shows how much of the dot-com run-up had happened by the same distance from the peak; after it, how far the Nasdaq had fallen. Latest: 100.0 in September 2026, the dot-com reading aligned with that month.

## What it does not say

A comparison of paths, not a forecast. Aligning at the high assumes nothing about whether the AI-era high is a peak; if the index keeps rising, the high moves forward and the whole alignment shifts with it. The two eras differ in profits, rates and index makeup: the dot-com Nasdaq was led by companies with little or no earnings.

## Source

Nasdaq Composite index (Nasdaq, Inc.), daily closes via FRED series NASDAQCOM: https://fred.stlouisfed.org/series/NASDAQCOM. Monthly averages and the alignment are a Palanor calculation (src/lib/fred/composites.ts, run daily by fred-composites). Index data © Nasdaq, Inc., shown under Palanor's display rights for this series; not available as a data file.