Analysis: July may once again be an important window for tech stock upside

CoinFeed June 29 news, according to BIT analysis, historically, July is usually the Nasdaq 100's strongest month. Looking at the performance of the QQQ ETF tracking the Nasdaq 100 index, the Nasdaq 100 is entering the seasonally strongest month of the year. Since 2015, the average July return has reached +4.4%, with 9 out of the past 10 years recording gains. From a seasonal perspective, July is one of the most favorable months for the Nasdaq 100. In addition to seasonal effects, quarter-end rebalancing of retirement funds and recent corrections in large cloud services-related stocks may further support this allocation environment. If the above seasonal patterns and liquidity factors continue, July could once again become an important window for tech stock upside.