Veteran fund manager resets stock market projection in the middle of Musk, Trump fallout

The long-time hedge fund manager correctly forecasted the Musk-Trump rift.

Trump even went so far as to host a Tesla showroom on the White House lawn to support Musk after Musk’s political advocacy triggered a drop in Tesla’s sales. One individual who wasn’t the least bit shocked by the high-profile dust-up was seasoned hedge fund manager Doug Kass. It’s because recuperated together with the broad market, jumping 35%, largely on news Elon Musk would step away from DOGE. Kass forecast Trump, Musk implosion; provides up new predictions

Doug Kass has actually seen a thing or two. Kass’s Musk prediction is a longer check out, but the essence is simple: Musk and Trump will suffer a fallout, which may have consequences for investors.

Don’t miss out on the move: Subscribe to TheStreet’s free daily newsletter Musk spent hundreds of millions assisting choose Donald Trump as president, and Trump rewarded Musk with a prominent function in his administration as the head of the Department of Federal Government Performance, or DOGE. Trump even went so far as to host a Tesla showroom on the White Home lawn to support Musk after Musk’s political activism caused a drop in Tesla’s sales. One person who wasn’t the least bit stunned by the prominent dust-up was veteran hedge fund supervisor Doug Kass. The stock market has actually whipsawed amidst a series of shocks, many delivered by President Trump and Elon Musk, via his high-profile and much-debated cost-cutting at DOGE.

Related: Elon Musk latest message sends out Tesla stock surging Stocks came into 2025 probably priced to excellence. It’s since recovered alongside the broad market, jumping 35%, largely on news Elon Musk would step away from DOGE. Kass projection Trump, Musk implosion; uses up brand-new predictions Doug Kass has seen a thing or two. Kass’s Musk forecast is a longer check out, but the essence is basic: Musk and Trump will suffer a fallout, which might have effects for investors.

Kingsman | Financial Advisor

Kingsman a 35-year-old financial advisor from London, UK, epitomizes the blend of analytical prowess and personable guidance. With a decade of experience in the financial sector, Kingsman has cultivated a reputation for his strategic approach to wealth management and investment advising. His journey began at the University of Oxford, where he graduated with honours in Economics, a discipline that fueled his fascination with the financial markets and their intricacies.

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