The question is why would the market sell-off? There's election, good jobs data, rate cuts so need negative news catalyst recently was "August 7th Israel Anniversary Response".

As long as election and rate cuts are in play, it'll take a change in sentiment. Hot CPI could change the tone, extensive hurricane damage, Israel responds, and Oct. 3rd quarter weakness sell-off.

If the market is going to rattle it'll take:

1. Hot CPI coming in on the 10th
2. Devastating hurricane damage reports 11th-15th
3. IL responding sometime this month with unexpected force
4. 3rd quarter weakness sell-off which didn't take place in Sept.

This is the bear case. Doesn't mean any of this will happen!

CPI comes in showing more cooling, hurricane is overlooked, IL doesn't respond this month, leads to a really weak 3rd quarter weakness sell-off if any at all. The elections, rate cuts and earning's seasons just about to start are such a powerful catalyst imo. Many very profitable companies last season trading flat or declining a bit, this season could be when they run like TSM/Amazon breaking $200.