BMO’s Belski: Why You Should Believe in this Bull Market (Even if No One ELSE Does!)
Yes, you should believe in the bull market...even if no one ELSE does! That’s the take Brian Belski, Chief Investment Strategist at BMO Capital Markets, shared with me in this week’s MoneyShow MoneyMasters Podcast. If there’s anyone whose track record speaks for itself, it’s his. Already one of Wall Street’s most ardent bulls, he raised his 2024 year-end S&P 500 target to 6,100 in September (from 5,600 before). Some scoffed. But earlier this week, the S&P closed above 6,000 for the first time!
Brian begins the conversation by discussing why he made that move – and how things have panned out since. His key point? The “stock market is a market of stocks.” By being “resolute” (rather than stubborn) and utilizing a consistent process and discipline, he and his firm have been able to get things right. We then discuss how we’ve shifted from a “Mag 7 Market” to one where “Own a little bit of everything” is working well. Brian also talks about the election, and how a lot of what you hear is “nothing but noise” you need to tune out as an investor. That said, he notes that if the Trump Administration does one thing in particular, investors will be thrilled.
We then touch briefly on the Fed, the monetary policy outlook, and what interest rate futures markets may be getting wrong. Finally, Brian rattles off several promising sectors, investing styles, and stocks that investors should consider here – and he previews what he’ll cover at the 2024 MoneyShow Masters Symposium Sarasota, scheduled for Dec. 5-7 at the Hyatt Regency Sarasota. Click here to register: https://sarasotamms.com/?scode=061246
See our upcoming in-person and virtual events: https://www.moneyshow.com/live-events...
Follow us for more free content in your daily scroll!
Twitter: / moneyshow
Facebook: / officialmoneyshow
Instagram: / moneyshow
TikTok: / officialmoneyshow
Threads: https://www.threads.net/@moneyshow
Watch video BMO’s Belski: Why You Should Believe in this Bull Market (Even if No One ELSE Does!) online, duration hours minute second in high quality that is uploaded to the channel MoneyShow 01 January 1970. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 251 times and liked it 6 visitors.
