History Says September Is Brutal for Stocks. Is This the Year AI Stocks Prove It Wrong?
Despite September's history of weak market performances, AI stocks may outperform this year because the sector has already undergone a major rotation.
Overview
Welcome to September -- bloody, red, loss-infused September. I'm being dramatic, but since 1928, the S&P 500 has averaged a 1.2% decline in the month, the only month on the calendar with a negative long-run average. Over nearly a century, the market has only gained ground in Septembers 44% of the time.
However, I think that with some help from artificial intelligence stocks, this September will be one of the less common ones that ends in the black. And the reason has to do with what already happened over the past eight months.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.