Hedgie's Market Edge - September 2, 2025

🦔 Welcome back! August marked the fourth consecutive month of gains for stocks, but as we head into September, I'm seeing signs that this impressive run might hit some seasonal turbulence. The market faces a classic late summer setup where high expectations meet historical volatility patterns, creating both risks and opportunities for the months ahead.

NVIDIA's earnings last week perfectly captured the current moment. The company delivered solid results with 56% revenue growth, but the stock reaction was muted because investors have become incredibly demanding. When a company can grow that fast and still disappoint expectations, it tells you something important about how stretched valuations have become in certain parts of the market.

Let me break down what this means for the road ahead and why September might test investor patience.