How Much Runway Does This Bull Market Have Left?

The current bull market is in its later stages (seventh inning stretch) and will likely transition from pricing in peak inflation to sticky inflation within 1-2 quarters, potentially triggering a 1998-style market correction before ultimately continuing higher through 2027; investors should avoid MAG7 stocks and instead focus on midcaps, international equities, and equal-weight indices as the AI capex boom diffuses across the market, while maintaining risk management protocols to capture upside in risk-on regimes and protect against left-tail risk in risk-off scenarios.