Historically, September has been the worst month for equities; this time rising COVID cases, hawkish murmurs from central banks and a potential debt crisis in China served as the catalyst for the sell-off. Despite this month’s decline, the S&P 500 recorded its sixth consecutive quarter of positive returns with only three negative months in that period. Unphased by shaky consumer sentiment and supply chain bottlenecks, analysts continue to forecast record earnings growth well into the future and we remain patient.