[10x Research: The Market is Overly Optimistic About 2026, But Data Does Not Support Such Expectations] According to a report by Jinse Finance, 10x Research posted on the X platform stating that although market consensus remains blindly optimistic about 2026 data, several closely watched indicators are showing divergence — a phenomenon that historically often signals an impending shift in market dynamics. The interconnection between inflation trends, labor market trends, and interest rate expectations no longer exists, creating a macroeconomic environment far more fragile than the surface-level optimism suggests. Meanwhile, core asset classes are emitting warning signals: leading market sectors may be narrowing, and the suppressed state of volatility is unlikely to last. Determining whether these changes signal a mild slowdown or more severe market turbulence requires careful analysis rather than superficial narrative interpretations. The market reality may soon become less favorable. Now is a critical moment to focus on underlying data.