Like its participants, the market goes through cycles, some of which are predictable on a fundamental and statistical basis. Today, the S&P 500 is experiencing a headwind caused by two factors: historically slow stocks in September and the potential effects of the Federal Reserve (the Fed) cutting interest rates this week.According to the CME's FedWatch tool, there is now a 63% probability that the Fed will cut rates by 50 basis points (bps), with a 37% chance of a 25bps cut. When interest rates come down, ...