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Reflections #20 - June seasonalities not supportive for a further rally in QQQs

When looking at seasonalities for QQQ, June is not the best months for the rally to continue unabated. As discussed in earlier posts, markets and especially tech look already stretched from a variety of indicators.

In addition as the chart below shows, the month of June often has a negative return following strong ytd returns. When one takes out the years when the month of May was a down month, June stands out as a rather negative month for QQQ.

Is this time different?


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