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August 30, 2025 | Tech Talk for Saturday August 29th 2025

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

U.S. equity indices have a history of moving lower in September, particularly during post Presidential Election years.

What about this year? With major U.S. equity indices currently at all-time highs and reaching intermediate and long term overbought levels, chances of at least a shallow correction this September are higher than average. Impact of tariffs on imported goods effective August 29th is expected to slow economic growth significantly in the third quarter.

What about the TSX Composite Index? It also has a history of moving lower in the month of September, particularly during the past 20 periods. Indeed, September is the weakest month in the year! This year, impact of tariffs on Canadian goods exported to the United States is expected to reduce economic growth significantly in the third quarter.

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August 30th, 2025

Posted In: Tech Talk

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