Greenbull Investments Sarl
Switzerland
1m
As the broader equity bull market celebrates its third anniversary since October 2022, the GreenBull portfolio has delivered exceptional performance with 90% returns . Now what about the future ? September's softer-than-expected CPI print cleared the path for the Fed's October 29 rate cut: The inflation trajectory supports the Fed's gradual path toward neutral rates of 3%-3.5%, with potential quantitative tightening end signaled as early as this month. Lower rates reduce opportunity costs for growth-oriented assets while easier financial conditions typically support risk asset valuations. What about earnings ? Third-quarter corporate results show continued strength: - Q3 marking ninth consecutive quarter of earnings growth - Magnificent 7 expected to post 15% year-over-year growth versus 6.7% for remaining companies - AI-related spending approaching $400 billion annually - nearly one-third of total corporate capex After 100+ days without a 5% pullback, near-term consolidation appears healthy. However, the bull market's foundation remains solid heading into 2026: - Resilient and rising corporate earnings - Modest fiscal stimulus via tax refunds and business investment - Continued Fed rate cuts toward policy normalization - Ample investor dry powder in cash-like investments Expected leadership shift from mega-cap tech toward cyclicals, healthcare, and international small/mid-caps creates opportunities for portfolio diversification and rebalancing. Near-term catalysts and risks, several events could drive volatility: - Mega-cap tech earnings (AI spending sustainability) - October 30 Mexico tariff deadline - November 1 threat of 100% Chinese tariffs - November 10 U.S.-China trade truce deadline These geopolitical and policy developments will require careful monitoring as they could create temporary market turbulence even within a structurally sound bull market.
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