History Says the Nasdaq-100 Does This in September. AI Investors Should Take Note.
Past patterns suggest that investors are heading into a rough month, but holding steady and staying in the market pays off over the long run.
Historical data suggests September is a challenging month for stocks, with the S&P 500 averaging a decline during this period from 1928 to 2023. While there have been profitable Septembers, the average return is a decline, indicating the need to prepare for a potentially volatile month. In September 2022, the S&P 500 dropped by 9.3%.
Examining the Nasdaq-100, which comprises the 100 largest non-financial companies listed on the Nasdaq stock exchange, reveals that conditions have become notably precarious around this time in recent years. This makes the historical performance of this index particularly relevant for artificial intelligence (AI) investors, many of whom are invested in tech giants like Advanced Micro Devices, ASML, Micron Technology, and Nvidia.
The data indicates what to expect during this typically turbulent month, as well as the best course of action for AI investors during September.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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