The markets are playing right into what Wall Street had scripted for early 2026. But here's the thing—is this confidence justified, or are investors riding pure momentum? The initial moves are textbook perfect: rallies align with expectations, volatility stays controlled, sentiment remains elevated. Yet that smoothness itself raises questions. When everything unfolds this cleanly, when outcomes match predictions this neatly, historical patterns suggest investors might be underpricing risk. The real test comes when reality deviates from the playbook. For now, the narrative holds. But complacency has a price, and markets always collect eventually.