Team Trump’s fight to convince Wall Street that Musk's DOGE is good for markets
Published On Feb 8, 2025, 9:50 AM
Top officials from Team Trump are actively trying to reassure Wall Street about the implications of Elon Musk's involvement with the Treasury payments system, amidst concerns over market stability. A federal judge has temporarily blocked Musk's access to sensitive systems, citing risks of potential harm. Treasure Secretary Scott Bessent claims their access is read-only and aligns with operational reviews, rather than ideological approaches. Analysts suggest that Musk's actions with DOGE could significantly influence government spending and bond market optimism despite concerns of unintended consequences from his management style.
Stock Forecasts
JPM
Positive
Musk's leadership and potential reforms may instill confidence among investors regarding fiscal management. However, uncertainties surrounding his influence could lead to volatility in related sectors.
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