iopq comments on The air begins to leak out of the overinflated AI bubble

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[–] iopq@lemmy.world 1 point 2 years ago (4 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

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[–] sugar_in_your_tea@sh.itjust.works 2 points 2 years ago (3 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.

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