Big bank earnings powered a rally on Wall Street, pushing the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) to new highs despite being a historically weak season for markets.

GLOBALT Investments senior portfolio manager Thomas Martin joins Market Domination Overtime to discuss the market movement and its outlook heading into 2025.

"This September and October is supposed to be the time that you trend tread very carefully. And it seems as though that's been revoked, maybe partly because of the Fed and also just because of the stronger economic information that's been coming in," Martin tells Yahoo Finance.

As the S&P 500 approaches its two-year anniversary of a bull market, he believes its next leg up will be driven by earnings. He notes that second quarter earnings were very strong, and while third quarter earnings will slightly decelerate, investors will still see some growth.

In addition, he expects the market to broaden out from technology leadership in 2025. This movement will not only be powered by earnings growth, but by a resilient consumer as the Federal Reserve continues easing interest rates.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Melanie Riehl