Treasury Secretary has blunt 3-word response to stock market drop
Scott Bessent has a message for investors.
The stock market has had a terrible start to March.
After the S&P 500 delivered an impressive 24% return last year, it hit all-time highs in mid-February. Since then the benchmark has tumbled about 6%, including a 3% drop in March. The retreat has raised eyebrows among investors, who have grown accustomed to gains.
In the past two years the stock market's ability to rally off similar selloffs has encouraged many to "buy the dip." Whether that's a smart move this time is anyone's guess, but those in the bullish camp have been saying that if the slide continues, they expect market-friendly moves out Washington.
