For all Septembers, the S&P 500 averages a 1% decline, worse than the average for years when August is a down month. The market certainly hopes this time around that the index has gotten much of it's decline out of the way this August. But if the Fed keeps raising rates aggressively, stocks could remain under pressure.
Stocks might need some good news to get them out of their rut. Traders are hoping that the Friday jobs report will be cooler than expected, which would ease the pressure on the Fed to push rates up so quickly.
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