Closing Bell Closing Bell 10/13/25
Oct 13, 2025
Brian Belsky, Chief Investment Strategist at BMO Capital Markets, shares his insights on market dynamics and macroeconomic factors. He discusses Friday's sell-off, attributing it to overreactions over tariff fears. Belsky emphasizes that quality leadership in stocks will prevail and highlights how AI is reshaping earnings growth across various sectors. He also delves into potential volatility ahead of bank earnings, advising caution in the face of recent moves in precious metals. Prepare for an engaging analysis of the market's current state!
AI Snips
Chapters
Transcript
Episode notes
Snapback From Tariff Overreaction
- Brian Belski says Friday's sell-off was an overreaction to tariff rhetoric and a logical snapback occurred on Monday.
- He expects fundamentals and earnings to lead markets despite continued volatility.
Gold Rally May Be Momentum, Not Fundamental
- Belski warns gold's rally is momentum-driven and questions it as a true risk-off asset in this cycle.
- He prefers U.S. equities and expects tech and financials to lead as earnings broaden.
Favor Liquid Large-Cap Leaders
- Belski advises sticking with high-quality, highly liquid large-cap tech and financial names during volatility.
- He recommends watching earnings revisions as signs earnings growth will broaden.