New Delhi, Aug. 20 -- The third quarter has been an upbeat one for stocks, with the S&P 500 overcoming earlier July weakness to put up three straight weeks of gains, including three record highs along the way.

Plenty of headline events remain this quarter, of course, from big retailers' quarterly results to any hints about interest rates from the Federal Reserve at the Jackson Hole Economic Policy Symposium.

But strategists expect Wall Street to remain resilient, as it has in the face of a war in the Middle East that has driven up oil prices.

The fact that stocks are once again bumping up against highs shows that "investors don't spook easily and will bid up stocks on any incrementally neutral (let alone positive) news," writes DataTre...