Where are we in the AI bull market?

Geo Chen · Fidenza Macro · April 28, 2026 at 09:01 · ⏱ 4 min read  | Read on Substack ↗
Summary
The author argues that AI is the most significant investment opportunity, overwhelming traditional macro forces. Despite a swift rally that has left many investors cautious or on the sidelines, the author reveals they are contrarianly positioned and fully invested in both their long-term and trading portfolios.
  • The best current opportunity is in AI, which is largely independent of monetary and fiscal policy shifts.
  • The recent rally in AI and broader equities has been sharp, causing many investors to be skeptical or miss out.
  • The author discloses a contrarian stance, stating they are "fully invested" in their long-term portfolio and global macro trading book.
Read time 4 min
Length 4,575 chars
Category macro
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