Welcome to September, Wall Street’s least-loved month

September in the markets is a bit like Monday morning; Nobody is looking forward to this and usually meets your reputation.

August gave investors abundantly for their cheerful, but history says that September tends to be the worst month of the year for stocks.

. S&P 500 It broke a new record at the end of August, while exceeding 6,500 Dow Jones He also touched new summits. In the face of Atlantic Stoxx Europe 600 Since February, the first two -month winning series recorded.

However, September’s ghost seems great. Traditionally, Dow, S&P 500 and Nasdaq Composite released the worst month of the year in September. Dow Jones data.

From the industry perspective, it is a mixed picture, especially in Europe. For the third quarter, two-thirds of the road-there are global macro uncertainty-open winners and losers directed by institutional gains in the book.

The biggest gain? Europe’s banking sector. Stocks highest level Since the 2008 financial crisis at the beginning of August, more talks from positive gains and agreements in the field continued to grow.

Germany Commerzbank It has increased the accusation even more, stocks are over 100% to date, their impressive performances in the first half.

The disadvantage is that media stocks in the last two months – a decrease of over 8% – AI has been harshly shot with concerns about the impact of a series of great European players. Advertising group WPP The sector performed the worst, one 71 % Pre -Tax profit drop In the first half and the full year appearance cut.

Some market participants are positive for September and next year. UBS Global Asset Management Chief Investment Officer Mark Haefele said, “We believe that the Bull Market will remain intact. In our basic situation, we expect an economic soft landing, solid institutional gains and support the markets in the next 12 months.” He said.

Others are more cautious. EY-Parthenon Chief Economist Gregory Daco said that the US economy was flexible, but under increasing pressure. The US economy has grown to a strong rate of 3.0% in 2025, while the power was largely a mirage and the power reflects a sharp decrease in imports after businesses. ”

When we look forward, a recent Barclays report foresees a slowdown in the second half, but in 2026, a recoil in the US and European economic growth, “Markets will react to the twin issues of tariffs and the US tax bill.”

When market producers and investors return from summer holidays to balance their portfolios, there will be some important moments to be considered: