RESOLVING THE LEDGER
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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.
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.
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