Dow, S&P 500, Nasdaq futures slide as Wall Street enters September with trade, Fed drama in focus

After becoming net sellers of US stocks in August, hedge funds remain hesitant about buying as September trading kicks off, Reuters reports.

The month has often been a downbeat one for markets. History looks set to repeat itself, even with a potential US interest-rate cut on the horizon.

Seasonal red flags, market fragility, a China buying spree, and a potential vicious circle of selling lie behind hedge funds’ reluctance to join the recent rally, Wall Street sources say.

Reuters reports:

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