Dumb Money Live Trading the DOGE dividend
Feb 22, 2025
Elon Musk's recent DOGE initiative stirs excitement and anxiety in the market. The concept of a 'Doge dividend' prompts discussions on tax reform and its effects on investments. Palantir's surprising growth sparks controversy, with insights on the impact of Pentagon spending cuts. Meanwhile, the interplay between Dogecoin and Tesla's performance highlights Musk's influence. Finally, the hosts caution listeners on the hype surrounding Tesla's humanoid robotics amidst ongoing advancements in autonomous driving.
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Palantir's Reaction to Budget Cuts
- When the White House announced Pentagon budget cuts, Palantir stock dropped 20%.
- It has since recovered, highlighting the market's sensitivity to government spending news.
Doge Dividend Impact
- A potential "Doge dividend" could stimulate the economy like previous stimulus checks.
- However, its actual impact depends on the amount distributed, estimated at $90 per taxpayer with current savings.
Trading the Doge Dividend
- Trade the same stocks that benefited from previous stimulus checks, like Bitcoin and Robinhood.
- The market's perception of how people will spend the money matters more than actual spending habits.