AI ‘Massively Deflationary’, ‘Very Bullish’ Factors Headed into 2026

Tom Bruce sees a “very bullish” combination of factors for the market next year, including foreign investment and AI. Because of these, he’s not concerned about the impact of tariffs. He likes the short end of the yield curve right now, and says he’s worried about the longer end because of the U.S. deficit. He likes tech and sees AI adoption as “massively deflationary.”

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