Momentum Stocks Seasonality Chart: Higher-Beta Growth Stocks Get Relentlessly Annihilated

A WallStreetBets poster shares a seasonality chart showing momentum and higher-beta growth stocks down -27.5% or more, comparing the selloff to the 2021 Fed tightening cycle and dot-com bust levels. The poster notes that while July typically sees pullbacks, the current decline is severe despite companies like TSM and ASML reporting stellar quarters and Mag 7 likely continuing heavy spending.

Why it matters: Despite the carnage, the poster is bullish, buying calls and expressing confidence that the market will recover.