this post was submitted on 06 Sep 2024
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864
The air begins to leak out of the overinflated AI bubble (www.latimes.com)
submitted 2 months ago by [email protected] to c/technology
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[–] iopq 1 points 2 months ago (1 children)

We already knew about back to school sales, they happen every year and they are priced in. If there was a real stock market dump every year in September, everyone would short September, making a drop in August and covering in September, making September a positive month again

[–] [email protected] 2 points 2 months ago (1 children)

It's not every year, but it is more than half the time. Source:

History suggests September is the worst month of the year in terms of stock-market performance. The S&P 500 SPX has generated an average monthly decline of 1.2% and finished higher only 44.3% of the time dating back to 1928, according to Dow Jones Market Data.

[–] iopq 1 points 1 month ago (1 children)

S&P 500 up this September officially

[–] [email protected] 2 points 1 month ago (1 children)

Woo! We're part of the 44% or so. :)

[–] iopq 2 points 1 month ago

45% now since the data only goes back 100 years