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Morning Brew Daily
September Stinks for Stocks & Why Tech is All About "Founder Mode"
Sep 4, 2024
29:21
Snipd AI
September typically spells doom for the stock market—will this year break the trend? Dive into the intriguing concept of 'founder mode' versus 'manager mode' taking Silicon Valley by storm. Discover why younger generations are turning their backs on wine while dabbling in solo dining. Plus, a bizarre TikTok cash scheme raises eyebrows, warning against illegal pursuits. And, who knew supermarkets would become Spain's hottest dating arena? Tune in for these captivating conversations!
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Quick takeaways
- September has historically been a poor month for stocks, with declines linked to investor reassessment after summer vacations.
- The rise in solo dining reflects changing social norms, with restaurants adapting to enhance the individual dining experience.
Deep dives
The September Effect on the Stock Market
September has historically been the worst month for stock market performance, with declines affecting major indices like the S&P 500 and NASDAQ. Data shows that the S&P 500 has averaged a monthly decline of about 1.2% during September, suffering losses in nearly half of the years since 1928. The phenomenon can be attributed to delayed responses to bad news, as many investors are returning from vacation and reassessing their portfolios, which often results in selling off underperforming stocks. This trend was evident in recent market activity, with significant drops in tech stocks like Nvidia, reflecting heightened anxiety among investors regarding economic conditions.
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Discover
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