WASHINGTON D.C (VINnews)President Trump’s Secretary of the Treasury Scott Bessent blasted the financial establishment for ignoring market signals and getting it dead wrong following “Liberation Day” — the turning point many credit with the recent economic resurgence.
Join our WhatsApp groupSubscribe to our Daily Roundup Email
“I will take the market-based indicators over the so-called ‘experts’ all the time! That’s how I made my 35-year career, was listening to the market,” Bessent declared.
As Wall Street’s major indices — the S&P 500, Dow Jones, and NASDAQ — surged to record highs, Bessent pointed to the panic that gripped elite financial circles earlier this year.
“Shortly after Liberation Day, there was a complete PANIC by the financial establishment…we had this tremendous rally,” he said. “S&P, DOW, NASDAQ doing well on the year.”
And it wasn’t just equities. Fixed income markets told the same story.
“The BOND market…the 10-year bond had the BEST return it’s had in 5 years!” Bessent noted, highlighting the unexpected strength in Treasuries despite doom-and-gloom forecasts.