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Goldman Sachs trader: The US stock market is just like in 1999, everyone is trading liquidity—who still cares about fundamentals? People feel that "money is depreciating, so it's better to spend it than to hold it."

Goldman Sachs trader: The US stock market is just like in 1999, everyone is trading liquidity—who still cares about fundamentals? People feel that "money is depreciating, so it's better to spend it than to hold it."

“The currency is depreciating, it's better to spend it than hold it”—when this mindset begins to spread, the logic of trading in the US stock market changes accordingly. According to Wind Chasing Trading Desk, Goldman Sachs traders released their latest market insight report on September 21, stating
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