In September, which undermines the trader's foothold, the key is caution.

September 2, 2024, 20:10 JST (excerpt)
In September after the summer vacation, bonds, stocks, and gold usually decline.
Factors such as employment statistics, US interest rate cuts, and presidential elections cause turbulence.
September is traditionally a difficult month for traders, but this year's September, which is expected to see a cut in the US Federal Reserve's interest rates, will be particularly challenging and risky.
September, when traders review their portfolios after the summer vacation, is a time when bonds, stocks, and gold usually decline. The largest decline in the S&P 500 and Dow Jones Industrial Average since 1950 occurred in September. Bonds have declined in 8 out of 10 Septembers in the past, and gold has been falling every year since 2017.

Investors face uncertainties such as the future scope and frequency of interest rate cuts by the US financial authorities, such as US employment statistics. They will need to be prepared for rough weather this time as well.
Stock prices are near their all-time highs, and US bonds have recorded the longest consecutive monthly gains in the past three years. They seem vulnerable to shocking data and surprises surrounding the US presidential election.