We haven’t even reached the worst part of September for markets

Market specialist Scott Rubner from Goldman Sachs warned that historically, the second half of September has been tough for the S & P 500 index, with losses around 0.5% on a median basis. Going back to 1928, the final days of the month have seen negative returns for the S & P 500. The stock market has already seen a rough start in September, with a 2.3% drop in the first two sessions. Rubner is bearish on U.S. equities from September 16th, and market participants are already adjusting their positions. A weak jobs report on Friday could trigger a market correction. ADP’s report showed slower private payroll growth in August, and General Motors was downgraded by Wolfe Research due to soft demand trends and high EV-structural costs.