DON’T FEAR SEPTEMBER OR RECORD HIGHS: UBS The S&P 500 dipped 0.7% to start September, historically the weakest month for stocks. UBS noted the index has fallen in six of the past 10 Septembers, averaging a 2% decline. Still, the bank advises investors not to fear seasonal weakness or record highs. UBS expects the S&P 500 to reach 6,800 by mid-2026, supported by: 1. Strong earnings momentum (81% beat Q2 estimates). 2. Anticipated Fed rate cuts of 100 bps over the next four meetings. 3. Long-term AI-driven growth, with global AI capex projected at 500B by 2026. Since 1960, the S&P has delivered 12% returns on average in the year after an all-time high, and 38% over three years.(*Walter Bloomberg)