Billionaire hedge fund manager Scott Bessent, an adviser to former President Donald Trump who is being talked about as a potential pick for Treasury Secretary, said the “animal spirits are being unleashed” in the markets now that Trump has been re-elected to the White House.
The founder and CEO of Key Square Group used the term from British economist Maynard Keynes — which describes when investors feel compelled to act — during an interview with The Daily Wire, as the Dow Jones index jumped over 1,500 points to a record high after Trump won.
“Animal spirits are being unleashed,” Bessent said about the optimism being seen in the stock market following the election. He noted there was “high inflation” and “divisive rhetoric from the Democrats,” but “what was really hurting business and what we call in economics, something we can’t identify, is animal…
