September has historically been one of the worst months for stocks, but fundamentals and other factors should provide further long-term support.
As Dr. Edward Yardeni shows, September has been the worst month for the S&P 500 down -1%. This, coupled with midterm elections, trade, and rising rates are a drag on the market:
It has been a wild and unpredictable first quarter. After reaching highs in late January, equities then tumbled 10%. As quickly as they went down, they appeared to be reversing themselves, and there was the talk of a "V" shape recovery. That soon faded as the market woke to concerns of trade-tariffs sending us back to February lows: