Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

Elon Musk Becomes the World’s First Trillionaire

15 Jun 2026 · 1 min

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In this brief market commentary, Mike Milligan notes that Elon Musk has become the world’s first trillion‑dollar billionaire on paper, but shifts focus to financial market dynamics. He highlights that bond yields are diverging from equity sentiment: the 10‑year Treasury yield sits around 4.48%, and futures markets have effectively priced out any Federal Reserve rate cuts until 2026. Milligan points out a greater‑than‑50% probability of a Fed rate hike before December and mentions that the first Federal Reserve meeting under new chair Kevin Warsh is imminent. He also references the CNN Fear & Greed Index, which closed at 34—still in the “fear” zone—despite recent index gains, underscoring lingering market anxiety.

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And Elon Musk became the world's first trillionaire on paper. But all this is important, um, but here's the real story that's happening in the markets. Bond yields are telling a different story than what's happening in the stock market. The 10-year Treasury is sitting up around 4.48%, and futures markets have priced out every Federal Reserve rate cut in for 2026. There's now better than a 50% probability the Fed hikes interest rates before December, and the first Fed meeting under new chair Kevin Warsh is this week. The CNN Fear and Greed Index closed Friday at 34, still in fear territory, even as the indexes climbed.