According to Jinshi data reports, the US stock market will face a critical period in the coming weeks, as employment data, inflation indicators, and the Federal Reserve's interest rate decision will be announced within 14 trading days, affecting market sentiment. The S&P 500 index just recorded its weakest monthly gain since March, while September usually performs the worst. Market volatility has almost vanished, with the VIX only touching 20 once since the end of June. Thomas Lee, head of research at Fundstrat Global Advisors, stated that it is correct for investors to remain cautious in September, as the Federal Reserve has reopened a moderate rate-cutting cycle, making it difficult for traders to determine positions. He expects the S&P 500 to decline by 5% to 10% this fall, before rebounding to between 6800 and 7000 points.