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UBS: What traders should be watching in September
In a new report, UBS analyst Julian Emanuel previewed what U.S. equity investors can expect during the month of September. According to Emanuel, it’s likely going to be a bumpy ride.
The month of August was one of the most eventful months in recent years. Emanuel pointed out that the stock market has been particularly scary during the late-summer months since 2007.
In 2007, it was the Great Quant Meltdown; in 2011, it was the U.S. Debt Ceiling crisis; in 2012, it was the European Crisis; in 2013, it was the Taper Tantrum and now this year it has been China’s currency devaluation.
On top of China concerns, the S&P 500 now faces pressure from the Federal Reserve, which indicated its continued willingness to raise interest rates at the August Jackson Hole event.
Related Link: The Bull Case For Bearish China ETFs
Read more at Benzinga.