The end of summer often goes hand in hand with a pick-up in market volatility and September historically is the weakest month of the year, however the S&P 500 still continues to hover near its all-time high.

As long as equities remain resilient to uncertainty and defy typically weak seasonal patterns, strong momentum has tendency to override everything else.

Until our systematic strategy flashes a warning, any short-term weakness is a typical seasonal occurrence and a period of consolidation should surprise nobody after the incredibly strong, relentless rally over the past months.

It’s best to simply ignore it or to use it to put available funds to work in case of a pullback.