Brian Belski's bull case for the market

Market Overview - The S&P 500 is on track for its sixth consecutive positive month, marking the longest streak since August 2021 [1] - The market is experiencing a cyclical phase within a secular bear market, with expectations for continued growth in the upcoming year [5][6] Company Insights - Brian Bellski has launched a new firm, Humilis Investment Strategies, aiming to provide similar portfolios and research as before [3][4] - The firm plans to adapt its portfolio strategies while remaining open to new investment themes [4] Earnings and Performance Expectations - The forecast for next year includes high single-digit earnings growth, with a 10-year Treasury yield expected between 3.5% and 4.5%, creating a favorable environment for stocks [8][10] - There is an expectation of stronger earnings growth driven primarily by financials, with a shift away from concentrated performance in large-cap stocks [10][12] Market Dynamics - A clear distinction is emerging between different sectors, particularly technology, financials, and consumer discretionary, indicating a broader market performance rather than reliance on mega-cap stocks [9][11] - The anticipated performance for the market aligns with historical trends, suggesting a return to traditional stock market performance over the last 80 years [12]