Scott Bessent is being ‘received positively’ by the market, Endowus says

Hugh Chung, chief investment officer at Endowus, says Scott Bessent's nomination as Treasury Secretary is being "received positively by the market." According to Chung, Bessent is "viewed as a pragmatist when it comes to policy" and he is expected to take "a gradual stance" on tariffs. He also says corporate earnings will continue to drive sentiment, particularly in the US. He speaks on Bloomberg Television. ​​