S&P 500 Year-End Rally Signaled by History, Oppenheimer Outlook

  • Index rises 5% from October low, based on 30-year average
  • Analyst Wald sees market-sentiment rebound helping this year

History is on the side of investors buying U.S. stocks in anticipation of fourth-quarter gains, according to Ari Wald, Oppenheimer & Co.’s head of technical analysis.

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