Bloomberg published the story just before noon on Tuesday reporting the closed-door meeting where Bessent said he expected the tariff stand-off with China to de-escalate, and that the current situation, which amounts to a trade embargo, is unsustainable and will de-escalate in the very near future.
Markets opened Tuesday morning strongly higher and by 11:00 AM were up 110 points on the $SPX.
The Secretary of the Treasury shouldn't be having closed door meetings with the very people most likely to profit from what he has to say.
This is quite literally fascist economics.
