let's say the trace is the expectation value. the action will be invariant so by calculating the expectation value of the action one would expect a minima on the path taken by a particle. This would be independent of time, the same physics will describe the dynamics tomorrow. hence, periodicity in the temporal direction is a way of saying that if something happens right now that something is equally likely to happen tomorrow, next week and so on.
This post imported from StackExchange Physics at 2014-04-13 14:37 (UCT), posted by SE-user alejandro123