“`html
The stock market historically performs poorly in August, with the S&P 500 boasting only a 53.33% win rate and an average return of -0.36% over the past 15 years. In comparison, July yields gains in 87% of years, while election years, such as 2024, can see August performance flip with an average gain of 1.3%.
Of notable interest, NVIDIA Corporation (NVDA) is projected to outperform during August, showing an 80% win rate and an average return of 5.84%. The stock is linked to significant gains in the AI sector and continues to demonstrate strong earnings momentum.
As of August 2023, analysts anticipate volatility in the market fueled by lower trading volumes, attributed to many investors being on vacation, which may lead to price manipulation risks.
“`
