2026 U.S. Stock Investment Guide: Finding Certainty Amid Uncertainty

In the face of the complex and ever-changing market environment of 2026, investors need to establish a systematic investment framework and risk management system to effectively control downside risks while seizing opportunities.

Core Investment Themes:

The productivity revolution theme focuses on the practical application of AI, automation technologies, and business process optimization. The energy transition theme delves deeply into industries such as photovoltaics, wind power, energy storage, and smart grids. The demographic structure theme is centered around aging, health management, and personalized services. The security theme covers multiple dimensions, including cybersecurity, energy security, and supply chain security.

Portfolio Construction Principles:

Adopt a "barbell strategy" to balance defense and offense, allocating one end to high-quality companies with stable cash flow and the other end to clearly defined growth areas. Maintain sufficient industry diversification to avoid excessive concentration on a single hotspot. Establish satellite positions to participate in thematic investments while strictly controlling the exposure to individual themes.

Risk Management Focus:

Closely monitor valuation risks, especially whether popular tracks show signs of bubble formation. Prevent liquidity risks by maintaining an appropriate cash reserve to respond to market fluctuations. Pay attention to fundamental risks by analyzing the quality and sustainability of corporate profits. Consider exchange rate risks to hedge against the currency volatility impact on non-U.S. investors.

Dynamic Adjustment Mechanism:

Establish a comprehensive assessment system based on multiple factors such as valuation, technical aspects, and capital flow, and regularly adjust the portfolio structure. Set clear profit-taking and stop-loss disciplines to avoid emotional decision-making. Maintain stability in investment rhythm to avoid extreme operations of chasing highs and selling lows.