📊 September Pullback Priced in?

Good Morning Investors,

Market-structure signals added another layer of caution. Heavy options activity and seasonal research pointing to higher odds of autumn corrections have increased downside concerns for broadly stretched small-cap multiples.

An active Q3 IPO calendar and strength in the crypto-related names, and energy producers — continue to highlight idiosyncratic opportunities. These factors suggest that while volatility is likely to remain elevated, company-specific catalysts and sector-focused themes will continue to drive dispersion within the space.

Matthias Schneider
Editor at Analytica Investor