In an October interview with CNBC, Ally Invest’s chief investment strategist Lindsey Bell said that despite stimulus gridlock, election uncertainty and the coronavirus’ path, it’s still possible that the S&P 500 will see a strong end to the year—following a historical trend.

“We can still have a good fourth quarter once we get past some of these uncertainties that are in the marketplace,” adding that she’s leaning toward cautious optimism and that the bulk of gains typically come in November and December.

Bell noted, “Volatility is going to continue to be a key component through the next couple of months,” adding that a lot rests on whether additional stimulus is approved. According to Bell, we are in the later stages of the coronavirus crisis and are in “positive stages of the reopening story.”

Regarding investment opportunities, she said, “I’m starting to begin to look at some of those value oriented sectors like financials…These are the guys that are going to pop the most because they have underperformed most significantly.”