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But we saved everything 🙂.
Puru Saxena draws a parallel between official denials of successful negotiations and possible market manipulation. He refers to both Chinese and Iranian officials denying positive progress in trade and ceasefire talks, respectively. Saxena suggests that investors may be profiting from insider trading amid these conflicting messages, calling the situation a farce.
Saxena has previously highlighted shifts in investor sentiment during periods of uncertainty. He noted a broad selloff in AI and software stocks as risk assets tumbled. Earlier, he pointed to strong earnings at Snowflake driven by AI adoption. These observations come as questions around official statements and market activity persist.