Bill Ackman warns of conflicts of interest in the Trump cabinet – What should the market pay attention to?
Billionaire
#BillAckman , one of President Trump's long-time supporters, recently drew attention by publicly criticizing the appointment of
#HowardLutnick as Secretary of Commerce. According to Ackman, Lutnick – CEO of Cantor Fitzgerald – has a clear conflict of interest since his company could financially benefit if the U.S. stock market collapses, as it holds a large amount of long-term bonds.
This information may cause concern among investors, especially in the context of Wall Street experiencing significant volatility due to new tariff policies. When a senior government figure is suspected of having personal motives linked to the market decline, market sentiment may become more cautious or even negative.
This is not just a political internal story, but also affects investors' confidence in the direction of U.S. economic policy. If decisions are suspected of serving personal interests rather than the common good, the likelihood of recovery in the financial markets will be delayed.
However, the market will also closely monitor responses from the White House, Congress, and regulatory agencies to assess whether there are necessary controls and transparency in high-level personnel decisions or not.
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