Bull Market Enters Infrastructure-to-Applications Phase in 2026, Guosen Securities Economist Predicts

UnluckyMiner · 2026-03-11T14:02:24+00:00

The bull market is entering a transformative phase, drawing parallels to past cycles. Continued investor sentiment and economic recovery suggest growth, while a shift in technology focus and renewed interest in traditional sectors indicate significant revaluation opportunities ahead.

UnluckyMiner

2026-03-11 14:02:24

Abstract generation in progress

Recent market analysis from Guosen Securities Chief Economist Xun Yugeng suggests that the ongoing bull market is transitioning into a critical phase of structural transformation. Based on extended market cycle analysis, this bull market that commenced on September 24, 2024, demonstrates patterns remarkably similar to the significant rally that began in May 1999, with persistent deflationary pressures and a supportive policy environment expected to remain intact throughout 2026.

Bull Market Cycle Momentum Continues Unabated

Contrary to assumptions of near-term market exhaustion, the current bull market appears to have substantial runway remaining. Historical analysis of previous market cycles indicates that neither temporal nor spatial limitations have been reached, and investor sentiment has yet to peak. The recovery of fundamental economic indicators is gradually expanding from select sectors into broader market participation, while the influx of household capital promises to accelerate the shift from late-stage second phase dynamics into the third phase of this bull market trajectory.

Technology Rally Shifts from Hardware to Application Layer

A pivotal structural change is expected in how market gains are distributed. The technology-driven rally is forecast to evolve from its focus on computing power infrastructure—the foundational hardware layer supporting artificial intelligence and data centers—toward application-layer expansion. This represents a natural progression where companies building practical uses of these technologies gain prominence over pure infrastructure providers.

Traditional Sectors Emerge as Revaluation Opportunities

Beyond technology sectors, traditional industries including beverage and spirits producers alongside real estate may experience significant repricing opportunities. As capital increasingly diversifies beyond infrastructure plays and gains reinforce the broader bull market thesis, these conventional assets could attract renewed institutional and household investor interest, creating genuine revaluation catalysts independent of pure sector rotation dynamics.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes