cross-exchange spreads is consolidating around carry strategies: reading the Elon Musk tape

Markets rarely move for a single reason.

Put beside current chatter on “Elon Musk Offers to Cancel SpaceX Government Contracts: Can the Stock Live Without Them?,” the incentive problem looks clearer.

Positioning often matters more than the headline itself.

Clarity beats speed for teams that have to ship through uncertainty.

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