The S&P 500 Has Fallen in 56% of Septembers Since 1928. Here's What That Means for Artificial Intelligence (AI) Stocks.
Don't fret too much about the possibility of another September slump.
Overview
Some investors dread the end of the summer, mostly because of the so-called "September Effect," which shows that, on average, the market tends to decline during that month.
Indeed, Bank of America research finds that in 56% of the Septembers since 1928, the S&P 500 has fallen, and that over that period, the index has averaged a return of about negative 1.17% in Septembers.
Details
And even AI stocks aren't immune. The September Effect typically spans sectors, and it's coming at a time when some investors are already growing wary of the artificial intelligence trade.
Source
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.