Entering 2026, fiscal and monetary policy signals are becoming increasingly clear, creating considerable imagination space for risk assets. Fields such as AI, private credit, gold, India, and cryptocurrencies are all brewing more investment opportunities.

Starting with AI. That round of adjustments at the end of 2025 was quite fierce, with many AI-related stocks experiencing significant pullbacks, but this precisely reset valuations. Compared to the "suffocating" highs during that AI trading period in October, the cost-performance ratio of entering now is clearly much better. The key point is that the demand for computing power and productivity improvements remains there, and market pessimism may have been overdone. Related themes like nuclear energy also saw considerable adjustment opportunities.

The gold story is quite interesting too. Against the backdrop of global monetary assets resurging, gold continues to play its role as a safe-haven tool. While pullbacks are uncomfortable, for those looking to board the train, this is simply a better entry opportunity.

Business Development Companies (BDCs), after difficult times in 2025, now have yields and valuations that are becoming more attractive. These companies' performance is typically tied to the credit environment, and now may be precisely the time to position.

The Indian market maintains strong growth momentum, with medium to long-term logic unchanged. The cryptocurrency situation is slightly more complex—from a long-term perspective, expectations remain optimistic, but short-term signals are somewhat mixed, requiring more careful discrimination.

Overall, the market environment in 2026 has exhibited rare clarity. While selective picking is still necessary, the certainty surrounding policy direction and investment themes truly supports a more confident risk-appetite strategy.