10/ Final chart — relative strength: $QQQ $SPY has stayed above 1.0 since mid-2024 = persistent growth/tech leadership. $IWM $SPY has been stuck below 1.0 almost the ENTIRE period (0.83-1.00). Small caps have structurally lagged this cycle.
I ran a statistical pattern study on $SPY, $QQQ, $IWM & $DJI (DOWI) daily returns from Jan 2 2024 to Jun 18 2026 — 617 trading days. 10 charts. Here's what actually repeats 👇
9/ Same crash, very different recovery speeds. $QQQ led returns (+80%) but also fell hardest (-24%). $IWM had the worst max drawdown of the group at -28%. $DJI stayed defensive at just -16%. Beta cuts both ways.