Photographer: Michael Nagle/Bloomberg© 2025 Bloomberg Finance LPThe market is likely to close the year at new highs. Here is the reasoning: The dynamic monthly cycle, graphed below, rises into Q4 The composite of the one-, four-, and ten-year cycles rise into yearend The indices and the advance-decline line are at new highs.Edgar Laurence Smith described the decennial pattern in the 1930s. He found that specific years in each decade had brought regular stock market patterns. For example, years ending in zer ...