Here's my bull case for the next cycle.

Last year into 2025, the crowd was massively bullish across the board. We all expected fireworks. But here's the thing—no euphoric rally materialized. The prediction got it completely wrong.

Now flip the script. It's 2025 heading into 2026, and sentiment has flipped hard the other way. Everyone's pessimistic. Bags are heavy, conviction is weak, and fear dominates the conversation.

Historically, when market sentiment reaches these extremes in one direction, the opposite tends to play out. The herd gets it backwards more often than right.

That's precisely why I'm bullish. The setup looks contrarian to me—when everyone's watching for sellers, that's usually when smart money starts accumulating.