$S&P 500(.SPX)$ Being traditionally a month where relatively good discount will appear, the macronomic headwinds or tailwinds could surface from the presidential election narratives ranging from party manifestos presented to hot-button issues debated. If all goes well with measures and policies that can contain inflationary pressure in the next few years, it wil turn the table around for September. I don't think past history will dictate the future course especially when it can be difficult to predict market behavior. This month will be in great focus given the volatility trending higher.