Oh, actually yeah. Markets rarely even respond to consumer seasonal spending these days anyways until it’s beyond a problem. But that usual pullback is probably entirely based on that holiday bump looking better after and the spending loss on marketing looking bad right before.
I wonder if the history of recessions kicking off then in Sept is the predictions in sales being lower and people realizing they won’t get their good looking Q4.
They freak out pull their money and basically a bank run of our wealthiest.