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.
August Recap
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
September Market-Movers
Read more at Benzinga.