Nuveen Cio Saira Malik evaluates the situation in the US -Ai markets shares its economic prospects at the “Barron Round Table”.
Scott Besent’s Treasury Secretary said on Sunday that he was not worried about US markets in the long run, although the shares last week fell in the middle of the president Tariff threats of Donald Trumpsaying to the Americans that there would be a “transition” and not a “crisis”.
Bessent gave objections during the appearance on the NBC “Meet the Press”, saying that “one week does not make the market”, when asked if they are Americans whose retirees are invested in markets should be worried.
“We have these great government deficits, 6.7% of GDP,” Bessent said. “We have never seen it when we are not in the war, not in the recession. We lower them in a responsible way. We will have a transition. And we won’t have a crisis.”
Bessent said the corrections on the “healthy” and “normal” stock market.
Scott Bessent Treasury Secretary said on Sunday that he “didn’t care” because of the long -term market in the US market, because Trump’s administration looks “transition” wealth back to America. (Victor J. Blue / Bloomberg Via / Getty Images)
“What is not healthy is straight, or euphoric markets,” he said. “So you get a financial crisis.”
Bessent noted that if “someone put brakes in ’06 -07”, that could prevent the problems they led to the fall of 2008.
“So I’m not worried about markets,” he said. “In the long run, if we set good tax policy, deregulation and energy security, the markets will make it great.”
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After seeing large swings at the beginning of the week due to the growing trade tensions, all three major US reference value reached solid gains on Friday, and the Dow Jones industrial average increased by 1.6%, While S&P 500 and the Nasdaq composite increased over 2%.
| Dice | Security | Last | Change | Change % |
|---|---|---|---|---|
| I: Dji | Dow Jones average | 41488.19 | +674.62 |
+1.65% |
| SP500 | S & P 500 | 5638.94 | +117.42 |
+2.13% |
| I: Comp | Nasdaq the composite index | 17754.08602 | +451.07 |
+2.61% |
Still, in a week, Dow lost 3%, while S&P 500 and Nasdaq Composite fell over 2%.
Last weekend Trump asked about the potential of the recession.
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“This is a transitional period, because what we do is very big. We return wealth to America,” we return wealth to America. ” Trump said Fox Business’ Maria Bartiromo on “Sunday Morning Futures”.
Suzanne O’Halloran Fox Business Digital contributed to this report.
