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Chris Hayes
chrislhayes.bsky.social
did:plc:e62gb2ushvtvjvqcbrxeaw2n
Great question. The answer is yes because of the psychological effect on other traders. Once US comes in and say “we’re gonna sell into the market until the price drops” others abandon their long positions and the price goes down. And once that precedent is set it’s hard to go back.
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2024-06-07T19:54:25.188Z