The average stock is having its best relative performance in decades as the AI trade falters

What happened: The S&P 500 posted its second straight losing month, but the decline came from only a handful of stocks, while the average stock is having its best relative performance in decades as the AI trade falters. Why it matters: The content frames the weakness as concentrated in a small group of stocks tied to the AI trade, with the broader market of average stocks performing strongly relative to them. Key numbers: Second straight losing month for the S&P 500.

The S&P 500 posted its second straight losing month, but the decline came from only a handful of stocks, while the average stock is having its best relative performance in decades as the AI trade falters.

The content frames the weakness as concentrated in a small group of stocks tied to the AI trade, with the broader market of average stocks performing strongly relative to them. Key numbers: Second straight losing month for the S&P 500.