[Analysis: July May Once Again Become a Key Window for Tech Stock Upside] According to BIT analysis, historically, July has typically been the strongest month for the Nasdaq 100. Based on the performance of the QQQ ETF, which tracks the Nasdaq 100 Index, the Nasdaq 100 is entering its seasonally strongest month of the year. Since 2015, the average return in July has reached +4.4%, with gains recorded in 9 out of the past 10 years. From a seasonal perspective, July is one of the most favorable months for the Nasdaq 100. In addition to seasonal effects, quarter-end rebalancing by retirement funds and the recent pullback in stocks related to major cloud service providers may further support this allocation environment. If the aforementioned seasonal patterns and liquidity factors persist, July may once again become a key window for tech stock upside.