The alt season starts in summer or around September to October in autumn. Therefore, in June and July, it is easy to encounter black swan events, such as the U.S. debt crisis, the U.S. tax cut bill, and the second round of the China trade war, which can lead to a significant pullback in the market again. This pullback should be the last opportunity for a pullback, it's time to go All in. In July, August, and September, the alt season is likely to arrive.