2. However, if that’s taken as true, no what that means for August. Intuitively, once something that causes a deviation from the mean or the expected path is resolved/ceases to be, then we have to rejoin that path (and probably quickly/semi violently)?

1. The divergence between Nasdaq/qqq and btc in July was definitely odd. The negative return in qqq defied seasonality, and they divergence defied their usual correlation. It definitely adds weight to the argument that leopolds fund and the associated shenanigans contributed.