A 'baby rally' has taken hold in the stock market this week, and it could lead to bigger gains ahead

• A "baby rally" has unfolded in the stock market that could be the start of a broader year-end rally.
• That's according to Fundstrat's Tom Lee, who highlighted fundamental and technical reasons for a rally.
• "There are a few structural reasons to expect stocks to have some positive traction in coming weeks," Lee said.

A "baby rally" has taken hold of the stock market in recent days, and it could represent the start of a larger year-end surge in stock prices.

That's according to a Friday note from Fundstrat's Tom Lee, who highlighted several fundamental and technical factors that should support stock prices over the next few weeks.