The 13% rally in the S&P 500 from its June lows will soon run into what has historically been the toughest month for the US stock market, sparking nerves among some fund managers of a broad selloff in September. The S&P has been in a bear market since plummeting early this year as investors priced in the expectation of aggressive Federal Reserve interest rate hikes, but has rallied strongly since June, regaining half its losses for the year. That rebound has been fuelled by a combination of strong earnings from bellwether companies and signs that inflation may have peaked, potentially allowing the Fed to slow rate hikes. But as investors and traders return from summer holidays, some are ner
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