Staff Reports
In a clear signal that the markets have got their cheerleaders on standby, President-elect Donald Trump’s selection of Scott Bessent as Treasury Secretary sent stocks soaring. The Dow Jones Industrial Average didn’t just tick up; it practically danced its way up almost 400 points early Monday, proving once again that optimism is contagious—especially among those who don’t treat capitalism like a four-letter word.
Investors clearly have a taste for Scott Bessent, a guy whose credentials could impress even the most cynical Wall Street watchdog. As the market erupted with a 0.9% increase by the afternoon, it became apparent that those on Main Street were feeling far more giddy than their counterparts on the left, who seemed to be scrambling for their fainting couches. This kind of financial exuberance is a stark departure from the gloom and doom narrative that often permeates progressive discussions about the economy.
The significant uptick indicates that the business community is ready to welcome a more business-friendly administration, one that might take economic principles seriously rather than treating them like suggestions from the back of a progressive pamphlet. Entrepreneurs and investors aren’t just crossing their fingers—they’re sending buy signals while waving goodbye to political opportunism that has stifled growth for the better part of the decade.
Trump hit a home run for American workers in picking Scott Bessent for Treasury https://t.co/AUe48VJxMm pic.twitter.com/tCEZF5mDh9
— NY Post Opinion (@NYPostOpinion) November 25, 2024
Critics of Trump, particularly those who seem to spend their days wallowing in negativity, will inevitably attempt to downplay any financial success. They’ll argue that the market is volatile, which is true—sometimes it swings like a pendulum. But anyone who understands the financial ecosystem knows that a pro-business approach, such as the expected policies from Trump and Bessent, will foster long-term stability and growth.
As excitement continues to build, it becomes increasingly clear that the left may need to reconsider their usual doomsday rhetoric in light of booming market performance. With a decisive move towards a Treasury Secretary who appears to prioritize economic stability, investors are likely flipping their “Make America Great Again” hats as they enjoy the ride upward.
