Analysis: The fate of US stocks depends on the next 14 trading days, and key economic events will follow one after another

Huobi HTX reported that in the next few weeks, the US stock market will usher in a critical period, which will determine whether the latest round of US stock rebound can continue. Employment data, key inflation indicators and Fed's interest rate decisions will be announced in the next 14 trading days, and these events will set the market tone for investors. Stocks seem to be at a crossroads: the S&P 500 just recorded its weakest monthly gain since March, and September has historically been its worst-performing month. At the same time, market volatility has almost disappeared. The Panic Index VIX has hit the key level of 20 only once since the end of June. "Investors are right to be cautious in September," said Thomas Lee, head of research at Fundstrat Global Advisors. "The Fed is reopening a moderate rate cut cycle after a long pause, which makes it difficult for traders to determine positions." The long-term bullish analyst expects the S&P 500 to fall 5% to 10% this fall, before rebounding to between 6,800 and 7,000 points.