Elon Musk proves the absolute power of the markets

Around 3trn held in British pension funds has to be invested somewhere.

One of the most popular places to put the national nest egg is in American stock markets.

Hundreds of billions of pounds of British savings are invested in US companies.

Elon Musk’s story is about the supreme power of market confidence.

You might have issue with Facebook’s politics, but do you want Mark Zuckerberg to stop delivering the returns in your pension? If Elon Musk and his fellow Silicon Valley billionaires have a unique talent, it is not for engineering or design but for telling these markets a story about the future selling investors risk in the expectation of reward. His victory over Kamala Harris was a structured trade, a gamble on the value of his equity against future conditions. For him, it has paid off..