"September 2006 is unlikely to break the trend, what with a few other issues you may have heard about already dragging on stocks.Investors have been preoccupied lately with worries about the economy slipping into recession amid the rapidly cooling housing market and its impact on consumer spending. Such a scenario would ultimately hurt corporate profits and drive up stock prices relative to earnings.At the same time, if inflationary pressures don't start to wane, the concern is that the Federal Reserve might have to restart its recently paused rate-hiking campaign."
"Plus, those who think the market follows the four-year cycle of the presidency will tell you that the second year of a presidential term is the worst. 2006 is year two."
[https://money.cnn.com/2006/08/31/markets/markets\_september/index.htm](https://money.cnn.com/2006/08/31/markets/markets_september/index.htm)
I'm still bearish in the future but we could see an opportunity to continue making money until that time and even the S&P500 could hit new highs on the right news. I think with current volatility that September will start to tell us more.