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

iopq@lemmy.world ⁨2⁩ ⁨months⁩ ago

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 ⁨months⁩ ago
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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- iopq@lemmy.world ⁨1⁩ ⁨month⁩ ago
  S&P 500 up this September officially
  
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  - sugar_in_your_tea@sh.itjust.works ⁨1⁩ ⁨month⁩ ago
    Woo! We’re part of the 44% or so. :)
    
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    iopq@lemmy.world ⁨1⁩ ⁨month⁩ ago
    45% now since the data only goes back 100 years
    
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