The “superimposition” of the recession must stop; Stocks will rally to this level in 2022 – BMO’s Brian Belski

The stock market won’t experience a major crash from a recession or economic disaster this year, said Brian Belski, chief investment strategist at BMO Capital Markets.

Speaking to Kitco News anchor David Lin, Belski said the economy faced no imminent danger to growth.

“The conditions are not even close to a recession, so the talks absolutely and positively need to stop,” he said. “It’s bullshit, it’s fear. By the way, these people who are calling for a recession are the ones who have been missing the market, especially since 2020, but many of them are the same people who have been calling for a correction over the past 10 or 12 years. There is no impending recession, no way.

Belski’s target for the S&P 500 this year is 5,300 points, which is a 17% increase from Tuesday’s close.

For Belski’s top equity sector picks, watch the video above.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)

Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)



Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.

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