Who Is Scott Bessent? Wall Street Is Delighted by Trump’s Treasury Pick
When Donald Trump announced Friday that hedge fund manager Scott Bessent was his pick for Treasury secretary, there was a massive sigh of relief from the markets, with the yield on the 10-year Treasury falling sharply (a sign that investors think Bessent will help keep inflation cool) and the stock market getting a little bump.
From Washington to Wall Street: Meet the New Treasury Secretary
Stocks: After underestimating the past two years, Wall Street strategists are back to being bullish. Year-end targets from firms including Goldman Sachs and Morgan Stanley fall near the 6,600 line — representing an advance of about 11.7% from Friday’s close.
Wall Street crushed it this week. While European and Asian markets barely managed to tread water, U.S. stocks were off ...
President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. Scott Bessent won’t freak ...
In November's Sentiment Survey by Seeking Alpha's Wall Street Breakfast, subscribers were asked to identify the most ...
The Dow is ready to wrap up its best month since November 2023, while all three major benchmarks head for weekly and monthly gains. While the week was short, investors still had plenty of retail data ...
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