Stocks Eye 'Santa Rally' Despite Challenges as Data Shows Late Year Gains

Despite economic and geopolitical headwinds, historical data shows S&P 500 tends to rally late in the year.

S&P 500 up 13.9% YTD, positive earnings growth could further support market.

Fed meeting next week may provide clues on potential pause in rate hikes.

Strong consumer spending underscores economic resilience, complicates Fed's fight on inflation.

Typical Santa Claus rally in December could lift stocks, though geopolitical tensions remain a risk.