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Technology Stocks : Semi Equipment Analysis

SOXX 231.08

+1.4%

Oct 4 4:00 PM EDT

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To: Julius Wong who wrote (92964)	9/7/2024 10:48:08 AM
From: Return to Sender	3 Recommendations Recommended By Johnny Canuck Julius Wong oldbeachlvr of 93103

The S&P 500 has fallen on each of September's first four trading days and is now down more than 4% on the month. It's the worst 4-day start to a month since...wait for it...last month. That's right. Maybe you forgot already, but August got off to an awful start as well with the S&P actually dropping more than 5% over the first four trading days of last month. Who knows what the rest of the month will bring, but what we do know is that markets typically rise over the long term, and we definitely wouldn't be panic selling here. That's never smart. While September has historically been the weakest month of the year for the market, we'd note that October has historically been the month where the most 10%+ rallies have begun. This should make sense intuitively given that August and September have historically been weak months and the market has always eventually bounced back from sell-offs. Check out the chart below. As shown, of the 61 rallies of 10%+ since WW2, nearly a third (19) have started during the month of October. Below is a look at the average performance of stocks in each S&P 500 sector so far to start September. As shown, the average Tech stock is down 6.4% MTD already, followed by Energy (-5.8%) and Materials (-5.0%). Surprisingly, the average stock in the defensive Consumer Staples sector is up 0.90% on the month. We also provide a look below at the worst performing individual S&P 500 stocks so far this month. 25 stocks in the index are already down more than 10% just four days into September. We can't remember a 4-day week where we published so much insightful stock market and economic analysis. Since September has historically been such a terrible month for equities, we're offering a full one-month complimentary trial if you start a new Bespoke membership today. Use the checkout links below and receive a 20% discount as well if you stick with the service past the one-month trial. As always, you can cancel at any time.

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