March S&P 500 E-Mini futures (ESH25) are down -0.47%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.48% this morning, pointing to a red opening on Wall Street after U.S. Treasury Secretary Scott Bessent characterized the market’s recent slump as healthy.
Treasury Secretary Scott Bessent stated on Sunday that he isn’t concerned about the recent market slump that has erased trillions of dollars from equities. “I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said on NBC’s Meet The Press. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation, and energy security, the markets will do great.” His remarks dash the hopes of those expecting U.S. President Donald Trump to take steps to mitigate the market impact of his policies. In addition, Bessent said there are “no guarantees” that the U.S. will avoid a recession.
