Musk admits DOGE reforms failed
- The Department of Government Efficiency’s four-month overhaul has come to an end. Musk says the budget deficit can’t be solved from within the government, and that from the president to the Justice Department, no one is willing to cut spending.
- He is betting that AI and robotics are the only way out of the U.S. debt crisis, while admitting he got too involved in politics and should have returned to his company sooner to focus on AI.
Some short-term investors are seizing on the news to trade AI stocks. Companies with real computing-power businesses are attracting major positions, while stocks merely riding the hype because of a shared name lack substantial buying support and are more likely to pull back after a spike. They’re also more sensitive to long-term U.S. Treasury yields, so watch the key moving averages in the short term. Are you chasing this move or waiting for a pullback?
$TAO $DOGE $BTC
- The Department of Government Efficiency’s four-month overhaul has come to an end. Musk says the budget deficit can’t be solved from within the government, and that from the president to the Justice Department, no one is willing to cut spending.
- He is betting that AI and robotics are the only way out of the U.S. debt crisis, while admitting he got too involved in politics and should have returned to his company sooner to focus on AI.
Some short-term investors are seizing on the news to trade AI stocks. Companies with real computing-power businesses are attracting major positions, while stocks merely riding the hype because of a shared name lack substantial buying support and are more likely to pull back after a spike. They’re also more sensitive to long-term U.S. Treasury yields, so watch the key moving averages in the short term. Are you chasing this move or waiting for a pullback?
$TAO $DOGE $BTC