Market differentiation: indices may not necessarily be poor, but the difficulty of making money increases; the strong stay strong, and the weak decline gradually
Company differentiation: companies with real cash flow from AI vs. companies that tell stories but have overextended valuations
Capital differentiation: long-term capital is more selective, while short-term capital experiences greater volatility
Pace differentiation: not a full bull or bear market, but recurring structural and stage-specific opportunities
One sentence summary: In 2026, US stocks are not about the direction, but about choosing the right ones.
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2026 US Stocks: Divide
Market differentiation: indices may not necessarily be poor, but the difficulty of making money increases; the strong stay strong, and the weak decline gradually
Company differentiation: companies with real cash flow from AI vs. companies that tell stories but have overextended valuations
Capital differentiation: long-term capital is more selective, while short-term capital experiences greater volatility
Pace differentiation: not a full bull or bear market, but recurring structural and stage-specific opportunities
One sentence summary: In 2026, US stocks are not about the direction, but about choosing the right ones.