July is historically the strongest month for the Nasdaq 100, with an average return of +4.4% since 2015, according to BIT analysis. The QQQ ETF, which tracks the Nasdaq 100, is entering July with the strongest seasonal performance of the year, having recorded gains in 9 of the past 10 years. Seasonal trends, combined with quarter-end pension fund rebalancing and recent stock pullbacks in large cloud service providers, may create a favorable environment for tech stocks to rise this month.