Get the full breakdown here: evergreenvistas.substack.com/p/market-rhy... #SeptemberEffect #MarketLiquidity #Fed #Economy #StockMarket

With the RRP nearing zero, bank reserves are next in line, potentially triggering the overdue market correction. I dive into all the factors from tax payments to quarter-end window dressing, and why this September looks vulnerable.

It maps out how markets reacted after each one (spoiler: usually not great), and makes a case for why this year might follow the same pattern.
With sticky inflation, slowing jobs, and the S&P at ATHs… this year might be déjà vu.
evergreenvistas.substack.com/p/market-rhy...