Even With a Rate Cut, September May Not Be Stock Market-Friendly
Market VisionTuesday, Sep 3, 2024 3:50 am ET
1min read Despite a recent S&P 500 recovery, the average decline in September over the past five years is 4.2%, and some strategists see the initial rate cut as a signal to sell equities.
JPMorgan strategists, including the bearish Mislav Matejka, warn that despite an expected Fed rate cut, the stock market rally could stall near record highs due to slowing growth and historically poor September performance. They advise favoring defensive sectors amid ongoing uncertainties.
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