In my opinion, the U.S. stock market will at least remain bullish until 2027

The peak period for AI profitability realization will most likely occur in
Q3 and Q4 of next year, especially NVIDIA's Q4 earnings report.
NVIDIA's Blackwell is currently being shipped in large volumes, and Vera Rubin will also enter full ramp-up next year,
especially in terms of revenue, which will accelerate realization in the second half of 2027.
Other companies in the AI supply chain, such as Broadcom, TSMC, and others, are in a similar situation.
Major orders are locked for delivery between 2026 and 2027, with the highest density in the first half of 2027.
At this point, it's indeed no problem for the AI bull run to continue.
But as they say, what goes up must come down, and cycles repeat.
After the peak, there will inevitably be expectations of weakening data.
Coincidentally, 2028 is also a year full of variables.
The 2008 financial crisis is well known to everyone.
2018 was the worst-performing year for U.S. stocks since 2010.
2028 seems to be pointing to this pattern again, after all, AI has risen too sharply in recent years and cannot sustain.
If the U.S. stock market experiences a major correction in 2028, it will truly be a period to pick up gold again.