Stock Market Could See Typical Late-Year Rally, But Hurdles Remain

The stock market typically bottoms in late October before staging a year-end rally, according to Ned Davis Research seasonal data.

This dynamic could set up the market for a year-end rally, per Ned Davis Research.

For a rally to happen, NDR wants more pessimism and oversold conditions.

Higher rates and poor market breadth hurt chances of a year-end rally.

NDR looks for signals like a breadth thrust to confirm a year-end rally is underway.