The U.S. stock market will extend this rally, but will not rise at the same quick pace it has for the last month, the chief investment strategist at BMO Capital Markets said Monday.
"Remember, we came out this year and said it was going to be volatile, we were going to have a pullback to 1,800. We got that. Now we're going to meander higher," Brian Belski told CNBC's "Squawk Box." "It doesn't mean it's going to be straight up from here. It just means that, as the fundamentals of the U.S. economy continue to improve, we think that earnings and GDP are going to be especially strong in the second half of the year."
U.S. equities have made a roaring comeback in the last month, with the benchmark S&P 500 gaining 11.7 percent since hitting its Feb. 11 intraday low of 1,810.10.