Headwinds are piling up for the market heading into the final week of the month, as September lives up to its reputation as a horrible month for Wall Street.
Wolfe Research's Rob Ginsberg pointed out in a note this week that the CBOE Volatility Index (VIX) doesn't suggest much fear in markets.
"We have a potential shutdown in Washington, as well as the UAW strike, which could potentially create some volatility in jobs data in particular."
But investors heading into the final trading week of September will likely see a continuation of those losses, if history is any indication.
"We could see the market experience additional weakness over the next several weeks," said Sam Stovall, chief investment strategist at CFRA.
Persons:
Wolfe, Rob Ginsberg, VIX, Amy Wu Silverman, Aditya Bhave, Shannon Saccocia, Saccocia, there's, RBC's Wu Silverman, what's, Goldman Sachs, Scott Rubner, Sam Stovall, Michael Bloom, Jeff Cox
Organizations:
Wall, Dow Jones, Reserve, Bank of America U.S, UAW, CFRA, Costco Wholesale, Nike, Chicago, Dallas Fed, New, Richmond Fed, Costco, Micron, . Kansas City Fed Manufacturing, BEA, Auto, PCE Deflator, Chicago PMI
Locations:
Washington, Detroit, . Kansas, Chicago, Michigan