Stocks are set to rally in the 2nd half of the year and it 'makes no sense' to assume prices have peaked, strategist says

• Stocks are set to rally in the second half of the year, according to BMO strategist Brian Belski.
• That's because the market is flashing disinflation signals, suggesting the Fed will cut rates soon.
• Rate cuts are expected to fuel a rally in stocks, with some commentators predicting a 20% upside in 2023.

Stocks are set to rally in the second half of the year, and it's wrong to assume that market prices have already peaked, according to BMO's chief investment strategist Brian Belski.

In an interview with CNBC on Tuesday, Belski pointed to the thesis often made by bearish investors, who say that the momentum in stocks will die off in the second half of 2023 as the US tips into a recession.