About this episode

Brian Belski discusses his bullish outlook on the U.S. stock market and investment strategies in the current economic climate.

Bullish Brian Belski is back—and yes, he’s still bullish. In this episode of In the Money with Amber Kanwar , the CEO & Chief Investment Officer of Humilis Investment Strategies—fresh off launching his own firm—explains why he still believes the U.S. is the best stock market in the world, with Canada a close second. Belski makes the case for an earnings-driven market where stock picking, discipline, and long-term thinking matter more than macro noise. He also explains why he’s underweight the MAG 7, why U.S. banks look unfairly punished, why risks are building in private equity and private credit, and why that could create a major opportunity in small- and mid-cap stocks. He also addresses gold, saying while the rally has been impressive, he is neutral rather than overweight. His view: when gold’s performance gets this stretched, history suggests it tends to underperform in the years ahead—so investors should be cautious about chasing it here. In the mailbag, Belski breaks down Lululemon (LULU) as a former growth name now shifting into value, while explaining why he exited Nike (NKE). He also discusses agriculture and industrial exposure through Deere & Company (DE)…

People in this episode

Host: Amber Kanwar

Guest: Brian Belski

Topics covered

• stock market
• investment strategies
• earnings-driven market
• small-cap stocks
• gold performance
• telecom sector

Keywords

• Brian Belski
• Humilis Investment Strategies
• U.S. stock market
• gold performance
• small-cap stocks
• Lululemon
• Nike
• telecom

Mentioned in this episode

Organizations: Humilis Investment Strategies, Lululemon, Nike, Deere & Company, Caterpillar, AGCO, KB Home, Delta Air Lines, TELUS

Places: U.S., Canada

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• The New Inflation Era: Why Real Assets Could Be the Big Winners · April 16, 2026 · 1h 6m
• Why Consensus is Failing — A Contrarian Approach to Today’s Market · April 14, 2026 · 1h 6m
• Everything is an AI Stock Now — Here’s What to Buy · April 7, 2026 · 57 min
• When the War Ends: The Most Mispriced Trades in Global Markets with Peter Boockvar · April 2, 2026 · 54 min

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