The market is wrong! ---Review Notes I compared the two peak pullbacks of the US stock market and cryptocurrency in November and this month, as shown in the figure Simply put, The first time was a fear of heights towards AI, The second time was a fear of macro heights If the market realized its mistake after the first time and repaired it with the improvement of the fundamentals of the AI sector, then this time it killed the AI sector due to macro factors, The market is even more wrong than wrong, because with the continuous release of financial reports by various companies in the AI sector, it is evident that the fundamentals are better than in November. This time, the market is using AI to carry macro risk release, and there is actually no other reason, because when the market needs to reduce risk, funds will sell two types of tickets: The one with the highest increase The one with the best liquidity The market has not fully realized that this is a K-shaped growth And this should naturally become the main theme of our pursuit of reversal (not rebound) If further subdivision is needed, there are two directions: Narrative enhancement, performance realization Narrative enhancement, such as the recent concept of space data centers Performance realization, such as the MDB in the recent financial report This will not only be the next period of time, but is likely to become the main theme of the entire 2026!