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A good first quarter for stocks almost always leads to a solid year

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The first quarter's record rally that gave stocks their best start to a year since 1998 could turn out also to be a good omen.

div > div.group > p:first-child"> According to BMO, every time the S&P 500 scored a gain of 10% or more in the first quarter of a year since 1935, the market managed to climb up 6% more on average for the rest of the year with positive performance during 11 of the 12 times.

There's of course more reasons to buy, according to BMO chief investment strategist Brian Belski. For one, the epic rally has actually showed"healthy market breadth," meaning the participation has been broad-based, as opposed to be driven only by mega-cap tech names. "Slowing global growth has been one of the biggest concerns over the past several months ... Interestingly, however, the 25 S&P 500 companies with the largest percentage of foreign sales have seen a sharp bounce in relative performance this year," Belski said."Slowing global growth is certainly a concern, but the effect on these companies may not be as terrible as headlines suggest.

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