Bessent Says Market "Corrections Are Healthy", Offers "No Guarantees" There Won't Be A Recession

Contributing sentiments towards policy:

54% : " This is precisely what we noted last week when we showed that in 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another unwelcome peacetime record, as Bank of America itself admitted.
53% : Earlier today, Morgan Stanley's Mike Wilson described several of the factors behind the recent market swoon (the 10% drop in 20 days was the 5th fastest ever correction in history; for context the fastest ever was 8 days during the onset of Covid on February 27, 2020), and besides the various fundamental causes, the strategist said that "perhaps more than anything else" what led to the most recent technical breakdown in the S&P 500 was "Trump recently indicating that he is not focused on the stock market in the near term as a barometer of his policies and agenda."
53% : Obviously President Trump's been very clear.
47% : Well, if Trump's "let them eat stocks" attitude indeed was the biggest driver behind the recent selloff, then Friday's furious rally may prove to be very short-lived, because speaking on Sunday's episode of Meet the Press, Treasury Secretary Scott Bessent, a former hedge fund manager, not only said he's not worried about the recent market downturn, but added that "there are no guarantees" there won't be a US recession.
45% : One could go further: and in fact, we did go further last week when we asked if Trump is actively seeking to push the US into a recession (one which he would correctly blame on Biden for reasons described in this post), just that by the time the US economy is once again firing on all cylinders and the market at all time highs, will be just in time for the mid-term elections in 2026.
38% : And Donald Trump, his administration, myself, all believe that the American people know what they're feeling and that we believe that our policies will change that.
29% : Why are all of those folks wrong and President Trump is right about his tariff policy? SEC.
28% : What exactly is the message that President Trump is trying to send to Iran? SEC.

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