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After a week of high-octane turbulence, stocks have a good chance of drifting higher in the week ahead, giving the year a bullish finale.
Stocks most often gain in the month of December, so many analysts expect the year to end on a high note, barring external jolts, like the one from Russia in the past week.
In the last 10 years, the S&P 500 has been higher 80 percent of the time in December, with the final two weeks particularly strong, providing an average gain of 1.6 percent.Catch-up buying by fund managers and other year-end buyers is expected to provide support for a market that has pivoted around the price of oil for the past several weeks. Pressure from falling oil prices eased in the last few sessions, as traders appeared to believe the worst was over for crude prices for now.