“This year, however, investors’ anxiety meter will likely show an elevated ready as they are mindful of a variety of end-of-month events here in the States, combined with a September-loaded series of European elections, meetings and court-rulings that could have fortune-altering consequences,” Stovall added.
Looking ahead, investors will look to the Jackson Hole meeting on Aug. 31 for hints on further quantitative easing and from ECB President Mario Draghi on Sept. 1.
Additionally, Alec Young, S&P’s global equity strategist, points out several important dates to keep in mind: On Sept. 6, discussions on Spain’s need for additional funds is held. On Sept. 12, the Dutch will hold general elections that may even decide its membership within the E.U. and the legality of the European Stability Mechanism, or bailout fund, will be handed down. On Sept. 13, the FOMC meets to discuss further easing. On Sept. 15, a meeting on the ESM and Greece will take place.
For more information on the broad markets, visit our S&P 500 category.
Max Chen contributed to this article.