Three Ways Wong Thinks You’ll Win This September
Stan Wong zeroes in on Amazon, Cardinal Health, and DoorDash as his September 2025 plays, blending growth, stability, and sector dominance.

Equity markets enter September riding the momentum of four consecutive months of gains. The summer rally has been fueled by technology, artificial intelligence, and a powerful rebound in corporate earnings. Yet September’s history of volatility looms large. Investors are watching closely as the Federal Reserve prepares to deliver its first interest rate cut in years, while Canada’s economy grapples with a contraction tied to U.S. tariffs. Stan Wong, Portfolio Manager at Scotia Wealth Management, believes the outlook remains constructive for equities, though selectivity is more important than ever.
The U.S. economy is proving resilient, with second-quarter GDP climbing 3.3 percent annualized after a weak first quarter. Consumer spending, business investment, and easing imports have driven the rebound, while S&P 500 earnings have risen 13 percent year-over-year. With analysts forecasting nearly 12 percent earnings growth in 2026, the case for equity strength holds. In the background, more than a trillion dollars in stock buybacks and over $7 trillion in U.S. money market funds represent a tidal wave of potential liquidity waiting to re-enter equities as rates fall.
