I hope you all had a fantastic start to the new year.

Although 2025 was one of the busiest years of my life, it was also one of the most rewarding. It always shocks me how far you can get in 12 months if you really set your mind to it and go after your goals. It won’t be easy, though. You have to show up every day, even when you don’t feel like it. But it will be worth it.

It takes one year to change your life. Why not this one?

A year from now, you’ll wish you had started today.

One of my favorite things to do at the beginning of a new year is to hit pause, look back, and reflect. An exercise I like to do every year is an annual review.

It’s simple. Grab a notepad and create 2 columns: positive and negative. Now go through the past year and write down all the highlights and lowlights. Put them in their respective columns. Once you’ve gone through the year, look at your list and ask, “What 20% of each column produced the most reliable or powerful peaks?” Based on the answers, take your positive leaders and do more of them in the new year.

This works for almost anything. Review your investment portfolio. Write down what went well. What didn’t. What you would have done differently. What you want to keep doing. Who and what helped you the most. Do this for any part of your life you want to improve: relationships, career, business, sports, anything.

This is one of the most effective and fastest ways to improve, because you can only improve what you track. If you don’t track it, you’ll never get better.

Block 1 or 2 hours. I’ve been doing this for years, and it has helped me tremendously.

A new year means a new opportunity.

The good thing about a new year is that you can treat it as a blank slate. All the wins, losses, mistakes, and lessons from last year can be left behind. You don’t have to carry them over.

For some, it’s just another day. But psychologically, it can be much more.

It can serve as a good reset.

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Now, on to the market.

Stocks can act strange at the start of a new year. Many investors are resetting their portfolios, mostly for tax and strategic reasons. Keep that in mind if you’re seeing strange action or market anomalies, like big moves in beaten-down stocks.

Looking at the bigger picture, the market overall looks fine. It continues to base above all major moving averages and is building a series of higher lows. The key now is patience. Ideally, wait for a breakout. Until then, there is no reason to get overly aggressive. In the meantime, time is best spent preparing and getting your buy list ready. Make sure you know what positions you want to take when the time is right.

And the good thing is that Bitcoin looks like it’s slowly starting to come back to life. This is the first time since October that it’s above the 50-day moving average. It’s starting to form a bottom, which creates a very interesting setup. Of course, it still has some more convincing to do, but it’s a very good start.

Bitcoin was one of the assets that was down last year. It was only the 4th year since its inception that it finished down. Interestingly, it has never had back to back down years. Of course, there is always a first time for anything, but the chances are that we could see some relative outperformance this year. At least it has a lot of catching up to do.

And with regard to the key sectors to watch for 2026. I am watching three sectors very very closely this year.

The first is Space.

With a potential record breaking SpaceX IPO coming in 2026, there will be a lot of eyes and attention on the space economy. This will create a lot of media interest, and subsequently a lot of institutional and retail interest. There are actually not many ways to position in this sector. Make sure to check out the thematic portfolio. We have seen a few recent IPOs in this space as well, namely Voyager ($VOYG) and Firefly Aerospace ($FLY).

But in my view, the 4 key names to watch are Rocket Lab ($RKLB), Planet Labs ($PL), Redwire ($RDW), Firefly ($FLY), and AST SpaceMobile ($ASTS).

I will likely be taking a position in 1 or 2 of those soon.

The second is Semiconductors.

OpenAI and Anthropic are also set to go public. We are continuing to see AI moving at breakneck speed. Everyone is racing to compete. This is not going to end anytime soon, because not spending and investing now means losing market share later. No major company is willing to lose this battle.

So while at some point this year we will likely see headlines again saying AI is slowing down and pessimists are taking over, all the actual data points to the opposite. The need for compute is basically limitless. If you think about compute as digital labor, why would you not want all the workers you can get?

The simplest way to navigate this to follow the supply chain.

1. No matter who wins the chip race, they will all go through the same foundry, and that is TSMC ($TSM). Intel ($INTC) is making improvements, but there is still a long way to go.

2. All foundries need advanced lithography equipment, and they are all dependent on ASML ($ASML).

3. Nvidia ($NVDA) for GPUs and Broadcom ($AVGO) for ASICs are the 2 dominant chip designers.

4. The key bottleneck for these chips is memory, in particular high bandwidth memory, or HBM. The 3 key suppliers of HBM are Micron ($MU), SK Hynix, and Samsung. But it is not only about HBM. These chips require many different memory solutions from companies like SanDisk ($SNDK), Western Digital ($WDC), and Seagate ($STX).

5. When it comes to connecting all these chips, you need cables, lots and lots of cables. Key suppliers of general networking solutions include Arista Networks ($ANET) and Ciena ($CIEN). Key suppliers of optical cables include Credo ($CRDO), Astera Labs ($ALAB), and Lumentum ($LITE).

6. Cooling is a huge topic. These chips are incredibly power hungry and run extremely hot, which is why they need to be cooled. Solutions from Vertiv ($VRT) are among the leading ones.

Of course, there is much more to this, like the design software for chips or further down in the supply chain the hyperscalers and neoclouds, but this is a simple breakdown of the key chip players and leading companies.

The third is Physical and Agentic AI.

2026 will likely be the year when we see huge breakthroughs in real world AI applications. There will be millions, if not billions, of digital AI workers, and hundreds of thousands of robots and self driving vehicles moving around.

The company best positioned to dominate physical AI is Tesla ($TSLA). This is what Tesla has been working on for the last 2 decades. No one else can compete when it comes to combining software, hardware, manufacturing, and the entire supply chain.

The company best positioned to dominate agentic AI is Google ($GOOGL). They have their own chips, data centers, billions of users, massive amounts of data, and some of the best models. No other company controls the entire stack like Google does.

These are my 3 key sectors for 2026. Of course, there are many more, and they will be discussed at a later point. But these will be my main focus going forward.

Happy New Year, everyone!