Stock rally set to continue, unless Fed spoils the party

THE bull market is back and only the Federal Reserve can stop it now. Last week, stocks rallied, taking the Standard & Poor's 500 out of the correction zone and into positive territory for the year. With all the upward momentum, stocks should have another strong week and could even finish the year at record highs as long as there are no nasty surprises from the Fed on Wednesday.

The S&P 500 is now up by more than 8 per cent for October. That would be its sixth biggest October gain in the more than eighty-year history of the index, said Ryan Detrick, strategist for See It Market.

Michael Arone at State Street Global Advisers pointed to three catalysts for the October…