Stocks Rise as Trump Says He’ll Make Call on Iran
Speakers
Brian Belski
— Chief Investment Strategist, BMO Capital Markets
Summary
Brian Belski discusses the transition from momentum to earnings-driven markets, expects a pullback, and highlights small/mid-cap opportunities. He identifies Tesla as a space-themed investment. The conversation also touches on wealth creation and consumption trends.
- The market has moved from momentum to earnings-driven, with slower annual gains and more volatility.
- A pullback is expected but timing is difficult; remain invested and add on dips.
- Small and mid-cap stocks (S&P 1000) are undervalued relative to mega-caps and offer a decade of opportunity.
- Tesla is seen as the key play on the space theme given the shift in AI/space company conservatism.
- Wealth creation from high-net-worth individuals supports continued consumption.
- Speculation and investment should be kept separate; space and AI valuations are being recalibrated.
Trade Ideas
Bullish on S&P 1000 index
Small and mid-cap companies in the S&P 1000 are undervalued relative to mega-cap stocks like Apple, and earnings revisions will broaden out to the rest of the S&P 500, making small/mid-cap an exciting place for the next ten years.
Long Tesla as space play
As SpaceX and AI companies become more conservative and prepare for public offerings, the play on space is Tesla, which offers a longer-term investment opportunity in the space theme.
Up Next
This Bloomberg Markets video, published May 29, 2026, features Brian Belski discussing S&P 1000, TSLA. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Brian Belski · Tickers: S&P 1000, TSLA