# Beware the ‘June Swoon’ for stocks as AI-ebullience leaves tech overbought - MarketWatch

> Stocks began June 2023 with modest gains, and the S&P 500 moved back above 4,200. Analysts warned of a seasonal 'June Swoon' and noted that tech stocks were overbought amid AI enthusiasm. Investors were awaiting Friday's mixed jobs data for Federal Reserve policy signals.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9786-beware-the-june-swoon-for-stocks-as-ai-ebullience-leaves-tech-overbought
- Commodities: [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

This is routine equity market commentary about stock sentiment and does not identify a new driver for agricultural commodities.

## Sources

- marketwatch.com: https://www.marketwatch.com/story/beware-the-june-swoon-for-stocks-as-ai-ebullience-leaves-tech-overbought-dc2589d2

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.