Technology

59092 readers

6622 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

863

The air begins to leak out of the overinflated AI bubble (www.latimes.com)

submitted 2 months ago by grid11@lemy.nl to c/technology@lemmy.world

265 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 month ago* (last edited 1 month ago) (1 children)

There's more to it as well, such as:

investors coming back from vacation and selling off losses and whatnot
investors expecting reduced spending between summer and holidays; we're past the "back to school" retail bump and into a slower retail economy
upcoming election, with polls shifting between Trump and Harris

September is pretty consistently more volatile than other months, and has net negative returns long-term. So it's not just the Fed discussing rate cuts (that news was reported over the last couple months, so it should be factored in), but just normal sideways trading in September.

[–] iopq@lemmy.world 1 points 1 month ago (1 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

[–] sugar_in_your_tea@sh.itjust.works 2 points 1 month ago (1 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.

[–] iopq@lemmy.world 1 points 1 month ago (1 children)

S&P 500 up this September officially

[–] sugar_in_your_tea@sh.itjust.works 2 points 1 month ago (1 children)

Woo! We're part of the 44% or so. :)

[–] iopq@lemmy.world 2 points 1 month ago

45% now since the data only goes back 100 years