The first days of September were good for stocks. One analyst says that this fact indicates that there will be a year-end stock rally. CNBC talked to strategist Tom Lee who says there is a 90% chance of a year-end rally.
Perennially bullish strategist Tom Lee believes the S&P 500 is set to rally 6 to 8 percent before the year is out.
That specific number is based on his analysis of prior market moves. Lee found that since 1940, the S&P ended the year higher in 27 of the 30 times it was up by 5 to 20 percent through mid-September.