7 Comments
User's avatar
⭠ Return to thread
Christopher Wood's avatar

RE: Bessent's ridiculous "but then...on the other hand..."

1. While it is true that the markets are organic and respond to external events; unlike the Treasury Sec'y, the markets do know how to respond to anti-market capricious policies.

2. As a former institutional investments executive working with mutual fund portfolio managers to craft content for both lay public investors and seasoned asset manager pro audiences, I have never heard such absurdity as to cite the extremely high volume of trading as a mark of great market conditions.

I'd have more respect for this douche if he didn't condescend by saying the markets are great becuase they could handle the sheer magnitude of sales.

"America...what a country!"

Expand full comment
JF's avatar

I admire the efficiency with which my retirement was stolen!

Expand full comment
Christopher Wood's avatar

Funny...but tragically sad!😭

Expand full comment
JF's avatar

Sometimes humor is the rock bottom of my coping bag of tricks. This is surreal.

Expand full comment
LeftCoastReader's avatar

I tuned into the interview this morning. When I heard him say that, I turned off the radio. You can't even call that misdirection it was so bad.

Expand full comment
Erin Flanagan's avatar

I immediately thought "What have they done?"

Expand full comment
JW's avatar

He’s hoping that we’re all too stupid to know what tariffs would do to a market and what typical order flow should look like.

Expand full comment