Reported about 13 hours ago
Veteran hedge fund manager Doug Kass revises his S&P 500 forecast, suggesting a potential 15% drop in 2025 due to ongoing uncertainties and tensions between Elon Musk and Donald Trump. Their recent public fallout, stemming from competing political ambitions and business strategies, highlights a volatile environment for investors. Kass anticipates continued market fluctuations influenced by social, political, and economic factors, urging caution as he sees greater downside risk compared to potential rewards.
Source: YAHOO