why you would not worry about august seasonality
At this point, everyone has seen this picture of August seasonality. The counter would be:
(1) Nothing about the above is 'new', and complacency appears quite low
(2) SPX just finished a sixth consecutive month higher = strength leads to more strength
(3) Semis (SOXX) closed the week at fresh ATHs on a daily / weekly / monthly-basis = historically, a decent lead indicator
(1) Nothing about the above is 'new', and complacency appears quite low
(2) SPX just finished a sixth consecutive month higher = strength leads to more strength
(3) Semis (SOXX) closed the week at fresh ATHs on a daily / weekly / monthly-basis = historically, a decent lead indicator