Axios
Treasury Secretary Scott Bessent on Sunday said the correction in the S&P 500 and Nasdaq was “healthy,” and suggested that prior strong performance in stocks had been signs of a “euphoric” market.Why it matters: Treasury secretaries don’t typically welcome major stock indices falling 10% in less than a month.But Bessent again said the economy needed to go through a “transition” as deficits come down and government spending declines…
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Bessent says correction “healthy” for markets that had been “euphoric”
Ben Berkowitz
00:20
Treasury Secretary Scott Bessent on Sunday said the correction in the S&P 500 and Nasdaq was “healthy,” and suggested that prior strong performance in stocks had been signs of a “euphoric” market.Why it matters: Treasury secretaries don’t typically welcome major stock indices falling 10% in less than a month.But Bessent again said the economy needed
