Nasdaq has been going up and up since 2023 From 2013 to 2021, it was also going up and up Big crash? 2022 saw a full year of consecutive rate hikes 2024, Golden-haired Trump starts a trade war For U.S. stocks to crash ***it absolutely*** needs a strong, external or internal, irresistible catalyst. It has to rely on a catalyst to cause a structural shift in investments.