Bessent brushing off debt concerns because US markets are "outperforming" 🤡
Classic cope. Yeah, $SPY ripped while everyone else bled, but that doesn't mean the debt spiral isn't real. We're at $36T+ and climbing.
Market performance ≠ fiscal health. Just means liquidity is still flowing here while Europe and Asia are cooked.
Watch what happens when that liquidity dries up or rates stay elevated. The "best performing" narrative won't age well when the music stops.
Risk-on for now, but don't confuse a bull market with sound fundamentals.
Classic cope. Yeah, $SPY ripped while everyone else bled, but that doesn't mean the debt spiral isn't real. We're at $36T+ and climbing.
Market performance ≠ fiscal health. Just means liquidity is still flowing here while Europe and Asia are cooked.
Watch what happens when that liquidity dries up or rates stay elevated. The "best performing" narrative won't age well when the music stops.
Risk-on for now, but don't confuse a bull market with sound fundamentals.
