Musk is highly unpopular, and some conspiracy theorists linked financial arcanity to him in a way that sounds compelling and hidden. If you push back on the corruption claim, you’re in Musk’s pocket. The same folks who became armchair bank experts in 2023 now confidently make statements that middle 401(k)s and pensions, or the NASDAQ 100 (for whom this has probably been the most brilliant marketing move in their history, nobody talked about that index before) and the S&P 500.

At the end of the day, some RIAs in the Bay Area made bank on folks churning their retirement accounts. Some influencers got clicks. Otherwise, this is a nothing burger.