According to Fox News, the ongoing feud between Donald Trump and Elon Musk has sparked significant discussions regarding who deserves the most credit for Trump's decisive 2024 White House victory. From a trading perspective, analysts note that Trump's win, covered extensively by Fox News on June 6, 2025, is likely to drive volatility in cryptocurrency markets, especially as both Trump and Musk have previously influenced digital asset sentiment (Fox News, 2025). Traders are closely monitoring Bitcoin and altcoin price movements, as Trump’s pro-business policies and Musk’s social media influence historically trigger rapid price swings in both the US stock market and crypto sector (Fox News, 2025).

According to The Kobeissi Letter, President Trump assured investors that his policies will remain unchanged, signaling potential market stability which can influence trading strategies in sectors affected by his administration's policies.

According to The Kobeissi Letter, the sharp drop in the Volatility Index ($VIX) heading into yesterday's announcement was a complete misread by the market. They have been selling all rallies based on the belief that Trump is no longer posturing. Furthermore, even the current VIX reaction is seen as underwhelming, indicating potential trading opportunities in volatility spikes.

According to Eric Balchunas, Defiance has filed for a MAGA Seven ETF, ticker $MAGT, which aims to invest in seven stocks most likely to benefit from Trump administration policies. This ETF could influence trading strategies by focusing on companies potentially favored by political developments related to the Trump administration. Traders might consider this ETF to potentially capitalize on policy-driven market movements. (Source: Eric Balchunas via Twitter)