Major investment banks are releasing their outlooks for 2026. Today, let's look at the core conclusions from #贝莱德 —

In one sentence:
A "new era" fundamentally transformed by #AI has arrived.
Borrowing is more expensive, volatility is higher, opportunities are more concentrated, and money is accelerating toward a handful of AI giants. ⚡

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【1】 Three Key Features of the Future Investment Environment
1️⃣ AI is the Only Main Character
In the coming years, global investment in AI will be at the "trillion-dollar level," primarily happening in the United States.
This is not just an industrial upgrade—it could even break America's decades-long curse of low growth.
2️⃣ High interest rates may last longer than you think
Labor is expensive, energy transition is costly, and geopolitical conflicts persist →
Inflation will be hard to stamp out completely, and rates are likely to stay high for a long time.
3️⃣ The market only rewards those who "pick the right winners"
It's getting harder for index investing to outperform.
The essence of the future stock market is betting on: Who is the true AI winner.
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【2】 Three Core Recommendations for Investors
✅ 1. Focus on AI, but “choose wisely”
Don’t just blindly buy tech stocks—find:
Companies that actually make money from AI.
⚠️ 2. Stay away from high-leverage landmines
AI burns cash fast, and both companies and governments are accelerating their borrowing.
👉 Long-term US Treasuries are becoming riskier
👉 Private credit may present opportunities, but stick to top-tier players
🛡 3. Diversification needs a “new logic”
Stop relying on overseas stocks and bonds to hedge risk.
Real hedging means:
Hedge funds, private equity, and alternative assets.
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【3】 Key Opportunity Areas to Watch
🔌 The “logistics system” of AI:
Electricity, power grids, copper, and other metals—AI can’t function without power; this is a hard demand.
🪖 Defense and Security:
The world is unstable, European defense budgets are rising, and related companies are benefiting.
🪙 New Financial Models:
Stablecoins and digital assets are becoming compliant and reshaping the financial system.
🏗 Infrastructure:
AI + new energy = massive infrastructure buildout is a must, but many companies are still undervalued.
🌍 Select Emerging Markets:
✅ India: Young population + digitalization dividend
✅ Mexico, Vietnam: Benefiting from supply chain shifts
✅ Short-term focus: Emerging market USD bonds
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【4】 BlackRock’s “Ultra-Simple Allocation Directions”
✅ Worth overweighting:
US stocks (AI-focused)
Japanese stocks
Emerging market USD bonds
Alternative assets (private equity/hedge funds)
⚠️ Exercise caution:
Long-term US Treasuries
Traditional “broad diversification” strategies
🌱 Bullish in the long run:
Infrastructure
Indian market
Private markets
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In one sentence, BlackRock’s logic for 2026:
This is an era of AI concentration—pick wrong and you stagnate, pick right and you soar. 🚀