Why Did the Nasdaq Drop?

It's not what you think!

The Nasdaq ($QQQ) experienced its most significant one-day drop since 2022. Many investors are asking about the sudden decline. Here's what you need to know:

1. Market Cycles: Markets move in waves. After a prolonged upward movement, a downward correction is expected. The recent drop was due after an extended rally.

2. Seasonality: Historical data shows that during election years, the market tends to fall in the third week of July. This pattern was followed precisely this time.

Mainstream media might attribute the drop to various reasons, but the reality is that short-term market prices are often manipulated by market makers and algorithms, following recognizable and repeatable patterns.

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Written by Timothy Assi, a popular investor on eToro. Follow & copy my portfolio:

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