Veteran fund manager resets stock market forecast amid Musk, Trump fallout

The longtime hedge fund manager correctly predicted the Musk-Trump rift.

Jun 7, 2025 - 17:22
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Veteran fund manager resets stock market forecast amid Musk, Trump fallout

Put two mercurial personalities in the room, add competing goals and a hefty dose of media pressure, and what do you get? Let's just say that the high-profile friend-to-foe saga isn't overly surprising.

Elon Musk and Donald Trump are polarizing figures with a penchant for dropping verbal bombshells, and that was particularly evident this week as the two sparred over the Big Beautiful bill, electric vehicle credits, and debt. 

The rift may shock some, however, given how closely Musk and Trump worked together over the past year.