Nuveen Cio Saira Malik evaluates the status of American markets and shares its economic outlook on ‘Baron’s roundateable’.
Treasury Secretary Scott Besent said on Sunday that he is not worried about American markets in a long time, even though the stock fell between the President last week Donald Trump’s tariff dangerTelling Americans that there would be a “transition”, “not the crisis.”
Besant commented during an appearance on NBC’s “Meat the Press”, saying “a week’s market does not form a market,” when asked whether Americans are retirement Invested in markets Should be worried.
“We have achieved these big government deficit, 6.7% deficit of GDP,” Besent said. “We have never seen it when we are not in war, not in recession. We are bringing them down in a responsible way. We are going to make an infection. And we are not going to be a crisis.”
Bessent said the stock market reforms are “healthy” and “normal”.
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Treasury Secretary Scott Besant said on Sunday that he has been “not worried” for a long time about American markets as the Trump administration shows “transition” money back to the US. (Victor J. Blue / Bloomberg / Getty Image)
“What is not healthy is straight, that is, enthusiastic market,” he said. “This is how you get a financial crisis.”
Bessent said that if someone had brakes in “06 -’07,” it could have prevented the leading problems for the 2008 accident.
“So I am not worried about markets,” he said. “In the long term, if we have a good tax policy, the deragulation and energy security, the market will do very well.”
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After seeing the major swings in the early days of the week on growing trade tensions, the three major American benchmarks saw concrete benefits on Friday, Dow Jones Industrial Average up to 1.6%, While S&P 500 And the Nasdaq composite increased by more than 2%.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | Dow jones average | 41488.19 | +674.62 |
+1.65% |
| SP500 | S&P 500 | 5638.94 | +117.42 |
+2.13% |
| I: Comp | Nasdac overall index | 17754.08602 | +451.07 |
+2.61% |
Nevertheless, for the week, Dow lost 3%, while S&P 500 and Nasdaq Composite fell more than 2%.
In the last weekend, Trump was asked about the recession ability.
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“This is the duration of infection, because what we are doing is very big. We are bringing back the money to America,” Trump told Fox Business’ Maria Bartiromo “Sunday morning futures.”
Suzanne O’Holoren of Fox Business Digital contributed to this report.
