Stock Markets Had a Glorious Summer. Why That May Not Last.
1. S&P 500 rose 9.3% this summer, best since 2020. 2. 90% chance of a Federal Reserve rate cut this month. 3. Nonfarm payrolls data could shift rate cut odds. 4. Concerns about overvaluation in AI stocks persist. 5. September historically shows a 0.7% S&P decline.