Market volatility (bottom half) spiked during the downturn but has steadily receded during the rebound despite a late-summer hiccup.
Tim Hayes, Ned Davis ResearchHayes believes that a healthy reset shook out much of that euphoria without leaving lasting damage.
History says this market rally has plenty of room to runThe final three months of the year have historically been the friendliest to stocks, Hayes said.
Tim Hayes, Ned Davis Research"It doesn't follow the script precisely," Hayes said.
The forthcoming market rally should broaden out, the strategist said, which should boost parts of the market that haven't participated as well, including economically sensitive small companies and sectors.
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