S&P 500 Rally Near Highs Unsustainable; Belski Forecasts Stagnation and Increased Volatility But Sees Stock-Picking Opportunities
-
S&P 500 has rallied sharply since October, surpassing initial 2023 targets and nearing all-time highs, but gains are likely unsustainable according to analyst Brian Belski.
-
Belski predicts stocks will stagnate and volatility will increase, as market disconnects from Fed policy outlook.
-
However, Belski says improved market breadth presents stock-picking opportunities even if indexes stall.
-
Quality, value, and GARP stocks often outperform in flat markets on risk-adjusted basis.
-
List includes 20 stocks with outperform ratings suited for flat market based on GARP, quality, value attributes.