When He Says “No Recession,” We Sell
Over the past three months, I’ve been watching Treasury Secretary Scott Bessent’s every move—and the conclusion is inescapable: you can’t trust his rosy takes on the U.S. economy. He has no authority over tariffs, yet he’s bent over backwards to deflect blame for any market weakness away from the Trump administration’s trade war.
Instead, he points to phantom threats like “DeepSeek” (whatever that is) whenever stocks wob...