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From ‘Pro-Growth’ Celebration to ‘My Bad’: Billionaire Ackman’s Market Reality Check

Wall Street is facing a harsh reality check as billionaire Bill Ackman publicly acknowledged his miscalculation regarding President Trump’s economic policies.

After markets plummeted by nearly $6 trillion in a two-day rout, Ackman tweeted “My bad,” admitting he “assumed economic rationality would be paramount” and didn’t foresee Trump actually implementing his promised tariffs.

This came as a stark contrast to Ackman’s post-election enthusiasm when he predicted Trump would lead “the most pro-growth, pro-business, pro-American” administration in his lifetime.

Original Source: Bloomberg

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Gold Hits New Record; $5,000 Target in Sight 

Gold blew past $4,800 per ounce Wednesday, hitting another record high amid a diplomatic crisis over Greenland. Investors are dumping U.S. assets and buying precious metals as geopolitical tensions escalate. Analysts now see gold pushing toward $5,000 this year.

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January 21, 2026
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Gold Clears $4,700 on Global Turmoil 

Gold jumped 3.11% to clear $4,700 per ounce while silver rocketed 5.8% higher past $95. The rally reflects mounting concerns about tariffs, dollar debasement, and geopolitical turmoil. Trump’s Greenland threats, crashing bond markets, and Fed independence attacks are driving safe-haven demand.

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Gold Hits New Record; $5,000 Target in Sight 

Gold blew past $4,800 per ounce Wednesday, hitting another record high amid a diplomatic crisis over Greenland. Investors are dumping U.S. assets and buying precious metals as geopolitical tensions escalate. Analysts now see gold pushing toward $5,000 this year.

Read More »
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Gold Clears $4,700 on Global Turmoil 

Gold jumped 3.11% to clear $4,700 per ounce while silver rocketed 5.8% higher past $95. The rally reflects mounting concerns about tariffs, dollar debasement, and geopolitical turmoil. Trump’s Greenland threats, crashing bond markets, and Fed independence attacks are driving safe-haven demand.

Read More »
January 20, 2026
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