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Treasury Secretary Scott Bessent criticized media coverage of the stock market, pointing out a recent report that described April as the worst month for the stock market since the Great Depression. Bessent highlighted that ten days later, the Nasdaq had recovered and was up for the month of April. Bessent expressed frustration that there has been no subsequent media coverage acknowledging what he described as the 'biggest bounce back ever' for the stock market, suggesting a bias in reporting. He specifically called out ABC's Martha Raddatz and accused the liberal media of not reporting on the experts' market crash prediction falling flat.
Can you imagine if one of your traders walked into your office and said the following? Fast-forward to today: The Nasdaq is up on the month of April. And I haven't seen a story that says, “Stock market has biggest bounce-back ever.”
Treasury Secretary Scott Bessent: "There was a story 10 days ago that said 'this is the worst April for the stock market since the Great Depression.' 10 days later, the NASDAQ is now up in the month of April." "I haven't seen a story that says, 'stock market has biggest https://t.co/7LdgrLApNu
🇺🇸 *Bessent says "stock market has biggest bounce-back ever" but the media is not reporting on it. https://t.co/crsLtBZGrH
