Shesa's SEPTEMBER 2024 Investment Blog
By Shesa Nayak U.S. Stock Market Update Current Market Trend A few days ago, the stock market was hit hard and fast taking Nasdaq to the correction territory losing -10.61% . That was the fastest correction since March 2020 when COVID rocked the market. Despite the good earnings in the semiconductor sector, it was hit the hardest loosing -23.66% . However, last week the market bounced back with a vengeance. Now we are in September and historically it’s the worst month for the investors. The stock the market remain very volatile during September and early part of October. Since 2020 NASDAQ has always been down in the month Sept with over -5% consistently, except in 2022 when it was down -10.5% . Furthermore, the stock market tends to be more volatile during election year. Irrespective of which party is expected to come to power, there would be volatility till around election day i.e. November 5. Because market does not like uncertainties. Having said that, it does not...