Insana: Why Wall Street’s rally after Trump’s Treasury pick may be unjustified
Wall Street’s celebration of President-elect Donald Trump’s Treasury pick, Scott Bessent, may be a tad premature. This week, the S&P 500 and Dow Jones Industrial Average hit record highs as traders assumed that Bessent would temper Trump’s tariff-heavy rhetoric. These threats have fueled fears of inflation and a potential recession, should incoming policies drive up…