Macro thread - Why is the market up/down?

[rogermunibond]

Bessent wants commercial banks/private credit to be the monetary transmission mechanism and not the Federal govt.  No wonder Jamie Dimon loves him.

 

If Bessent's low growth (adjustment period) takes too long or causes a recession, then he will be axed.  Trump doesn't have the patience for a long 18-24 month adjustment.

 

https://singjupost.com/larry-kudlow-interviews-scott-bessent-at-the-economic-club-of-new-york/

[cubsfan]

11 minutes ago, dealraker said:

The least successful businessman I have ever followed bar none.

 

Gotta love this stuff. What does that say about the cesspool called the Democratic Party.

 

Maybe they can convince Justin Trudeau to give them lessons on leadership.

[dealraker]

17 minutes ago, cubsfan said:

 

Gotta love this stuff. What does that say about the cesspool called the Democratic Party.

 

Maybe they can convince Justin Trudeau to give them lessons on leadership.

Won't argue with that.

 

Edited Friday at 02:54 PM by dealraker

[Spekulatius]

3 hours ago, rogermunibond said:

Pay attention to what Bessent says.

 

https://www.cnbc.com/2025/03/07/treasury-secretary-bessent-says-economy-could-be-starting-to-roll-a-little-bit.html

 

PS doesn't he look a bit like Homelander from the Boys.  freaky

Yes, indeed this worth watching. He  literally says that the shit is starting to hit the fan and there is no Trump put.

[Gregmal]

3 hours ago, rogermunibond said:

Bessent wants commercial banks/private credit to be the monetary transmission mechanism and not the Federal govt.  No wonder Jamie Dimon loves him.

 

If Bessent's low growth (adjustment period) takes too long or causes a recession, then he will be axed.  Trump doesn't have the patience for a long 18-24 month adjustment.

 

https://singjupost.com/larry-kudlow-interviews-scott-bessent-at-the-economic-club-of-new-york/

Seems equally as likely and pretty obvious IMO that Bessent and the Trump team are trying to strong arm Powell into lower rates. They know people are wusses when it comes to market volatility, and they know that there's a great degree of influence given to the rhetoric. Nothings even happened yet and we're less than 1.5 MONTHS into year 1 of the term. Think they're perfectly fine playing these games and kitchen sinking anything they can assign to the previous regime for the next few months in order to accomplish the lower rate objective. If people wanna freak out and sell their stocks that's on them. 

[Xerxes]

Full interview 

 

 

[Spekulatius]

Bessent can’t do much. He is just the glorified clerk balancing the check book for his boss.

Edited Friday at 06:01 PM by Spekulatius

[Xerxes]

8 minutes ago, Spekulatius said:

Bessent can’t do much. He is just the glorified clerk balancing the check book for his boss.

for sure, he has the uncomfortable job explaining the ying and yang. 
 

but the guy has good credentials. They could have chosen a full throttle populist like Pete H. (Current head of pentagon) to lead treasury. 

[rogermunibond]

Bessent worked for Druckenmiller and Soros.  He's no dummy.  But he works for someone who Druckenmiller called a "blowhard" and couldn't vote for.

[Gregmal]

People also easily overlook that nobody needs to do anything in terms of the word "do" actually meaning "action". As long as you can manipulate the markets via rhetoric and get them to react close enough to how you want, the effects can be the same. 

[Castanza]

12 minutes ago, rogermunibond said:

Who Druckenmiller called a "blowhard" and couldn't vote for.

 

So he said publicly

[cubsfan]

22 minutes ago, rogermunibond said:

Bessent worked for Druckenmiller and Soros.  He's no dummy.  But he works for someone who Druckenmiller called a "blowhard" and couldn't vote for.

 

Druckenmiller's solution was to inflate and spend his way out of the debt.

 

Good think he's not in charge.

[rogermunibond]

Druckenmiller?

 

Please link to where he says that.

 

He's been an inflation and debt/deficit hawk since I began reading his commentary.

 

https://www.bloomberg.com/news/articles/2023-05-02/druckenmiller-warns-us-debt-crisis-worse-than-he-imagined?embedded-checkout=true

[cubsfan]

9 minutes ago, rogermunibond said:

Druckenmiller?

 

Please link to where he says that.

 

He's been an inflation and debt/deficit hawk since I began reading his commentary.

 

https://www.bloomberg.com/news/articles/2023-05-02/druckenmiller-warns-us-debt-crisis-worse-than-he-imagined?embedded-checkout=true

 

Oh, yeah - my bad.. here is the link I'm referring to - I got Druckenmiller and Tudor-Jones mixed up.

Apologies!

 

 

[brobro777]

It feels like volatility may stay elevated throughout the year

 

Should be good opportunities in futures and options for gamblers haha

[Spekulatius]

9 hours ago, brobro777 said:

It feels like volatility may stay elevated throughout the year

 

Should be good opportunities in futures and options for gamblers haha

Trump is making volatility great again

[brobro777]

7 hours ago, Spekulatius said:

Trump is making volatility great again

 

That and tobacco continuing to outperform SPX from last year - that sounds good, baby!