But why? The absence of satisfactory explanations means it’s wise to assume September’s weakness is a statistical fluke. Now, stocks may well slip for any number of other reasons but there’s less reason for obvious near-term concern compared to a month ago.
Then, the S&P 500 was technically overbought after five consecutive monthly gains. Sentiment was frothy; one American Association of Individual Investors poll showed bullishness at levels unseen since April 2021.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: