cycle psychology is rotating through medium-term allocation: reading the Bernie Sanders tape

The healthier setup is alignment: cycle psychology improving while open interest stays orderly.

Put beside current chatter on “Bernie Sanders Wants a Data Center Moratorium. Here's What Congress Can Realistically Do,” the incentive problem looks clearer.

Risk is easiest to ignore precisely when it is most expensive.

Risk is easiest to ignore precisely when it is most expensive.

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