Wall Street has become strong and it does not encourage. Tesla’s CEO (Nasdaq: TSLA), Elon Musk, Bill Ackman by Pershing Square (Trades, Portfolio), and the legend of the Stanley Druckenmiller coverage (Trades, Portfolio) now openly launch the Trump administration’s tariff plans, warning that they could trigger a complete meltonnage of the market. What started as a dispersed criticism made snowball in a rare public revolt of some of the most influential votes in the investment. Even the CEO of JPMorgan Chase (NYSE: JPM), Jamie Dimon, once carefully optimistic, acts a red flag in his last letter: we are no longer in Kansas. Meanwhile, the markets are continuing their slide, with the uncertainty rising on time.
Elon Musk did not prevent himself from making fun of the top Commercial Advisor Peter Navarro, Harvard’s references and calling the damage of the damage could inflict on Tesla. Bill Ackman (professions, wallet), usually one of the strongest of Trump Wall Street, called for an immediate 90-day price break to avoid what he described as a self-induced economic nuclear winter. The attacks are not only emotional, they are intended for mathematics of the administration. Musk and Ackman both questioned the very formula used to justify the prices, with memes of Musc publication comparing the rehearsal from the D -Day market, representing the secretary of trade Howard Lungick as a general by looking calmly the chaos unfold.
The decline is not only online theaters. Stanley Druckenmiller (Trades, Portfolio) went to social networks to say that he does not support the prices greater than 10%, a direct challenge to the Treasury Secretary Scott Besse his former protégé who now doubles on the strategy he has rejected. And the refrain develops. Yardeni’s search has exploded the recent appearance on Navarro television, saying that it was gagging them on (their) Bagel. With financial leaders who break the ranks, the feeling of investors changes quickly. Confidence in the economic orientation of the administration? Suspended by a thread.
This article appeared for the first time on Gurufocus.
