CLARITY cloture failed
$ETH sold off
And the range is still holding…
If this is all the bears can do with a headline like that… they’d better hope the next one isn’t good.
I like this chart. A lot.
If you had invested $10,000 when the US-Iran war started, you would have:
▫️ Ethereum: $13,056
▫️ Bitcoin: $11,762
▫️ S&P 500: $11,270
▫️ Gold: $8,200
▫️ Silver: $7,310
Precious metals were expected to perform the best, and they became the worst-performing.
Crypto was expected to crash, and they are the best-performing.
General thoughts heading into July:
$ARKG looks ready to continue leading the market higher as the speculative growth trade, while the MAG7 ($MAGS) appears primed for a bounce.
Seasonality is also becoming increasingly supportive:
Late June → Mid-July: Historically one of the strongest windows of the year for $QQQ.
July: The Nasdaq-100 has finished higher in 17 of the last 18 Julys, with institutional inflows and earnings season often providing a tailwind.
May 10 → August 13: $QQQ has outperformed the S&P 500 in 19 of the last 20 years over this stretch.
With today being June 27, we're entering one of the strongest historical periods for the Nasdaq over the next 2–3 weeks.
Seasonality is never a guarantee, and macro events or earnings can always change the picture, but the historical backdrop is becoming increasingly favorable.