Big shots bickering, retail investors buying in!
Last night, a sudden black swan event occurred as Elon Musk and Trump fell out, publicly arguing on social media, causing the entire market to drop.
Since Trump took office, this market has become a bit strange, often reacting to news, with rises and falls depending on what he says. Sometimes it's better to just keep an eye on his social media rather than the market itself.
The richest person in the world and the most powerful person in the world are publicly fighting; this world is still too surreal.
The reason for their split can be referenced in this analysis from a big shot.
Rye: The fundamental reason is that Musk offended Trump's key aides, a group of people whispering in Trump's ear every day, leading to Trump not renewing Musk's "advisor" position, resulting in Musk leaving in May. That's the background. But the true trigger for their split — on May 31, Trump withdrew the nomination of Musk's friend Jared Isaacman as head of NASA. This has a significant impact on Musk's SpaceX. Once this happened, the two split.
