2026 Market Outlook: How An AGI Breakthrough Could Fuel An Actual AI Bubble

AI has been the main driving force behind the performance of US equities in 2025. Data centers accounted for 92% of GDP growth in the USA, and the NASDAQ 100-Index ( NDX ) outperformed the S&P 500 ( SP500 ) Year-To-Date.Decoding markets beyond P/E. As an investor, I either put my money into low cost funds or in single stocks that (I think) are asymmetric bets. My portfolio is roughly 50/50 between the two. I like to write about Macro and Fundamentals, with the (painful) awareness that Momentum and Sentiment ...