New York • Imagine gathering nearly everything that has rattled investors' nerves over the past four years: the European debt crisis, fights over the U.S. government's budget and moves by the Federal Reserve. Now imagine all of them crammed into one month.
That month? It's September.
"Oh, it's definitely going to be fun," says Jason Pride, director of investment strategy at the money management firm Glenmede in Philadelphia.
As August wrapped up, trading desks and investment firms looked warily at the lineup of events in September and warned clients of turbulence ahead.
The Fed's September meeting is when many on Wall Street think the central bank will begin winding down its massive bond-buying program. German voters will decide whether Chancellor Angela Merkel gets another term as the leader of Europe's largest economy. And Congress will be on a tight deadline to pass a spending bill before the month ends, a process which could easily turn into another brawl over raising the government's borrowing limit.