Looking at nearly 100 years of data from 1928 to 2025, the S&P 500 has historically dropped an average of about 1.1% in September, making it the worst-performing month of the year. Only 45% of the years during this period ended with gains in September, meaning that over the past century, there have been more down Septembers than up ones. Of course, this doesn’t mean September will definitely drop this year, but there are indeed quite a few challenges. Japan’s 10-year government bond yield has already surpassed 3%, U.S. Treasury yields remain high, and it’s still uncertain whether the Fed will continue raising rates. On top of that, the Middle East conflict has pushed up prices for oil, fertilizers, and food again. Any one of these issues alone could impact U.S. stocks, let alone all of them happening at the same time. This makes the pressure on September this year likely to be greater than in previous years. So, I think it’s better to stay cautious this month. While historical data isn’t always accurate, given the current situation, the risks in September are indeed significant. However, if the Fed doesn’t raise rates this month, it could have a positive impact on the market. Also hoping that Iran opens up part of the Strait of Hormuz, which could help ease the current issues. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one place for trading.