On Ice.
Everything is relative. Wall Street breathed a huge sigh of relief at the beginning of a holiday-shortened week that, despite all the glaring shortcomings of Trump’s pick Scott Bessent, financial markets have at least not been saddled with a clownish Dr. Oz-type figure as Treasury Secretary. A degree of calm returned to bond markets on Monday as interest rates eased and stocks moved higher at the open and held on to most of their gains throughout the session. Yet again, Small Cap names were the star performers (indicative of the continuing healthy broadening of participation in the rally) but…
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