September looms as a risk month for stocks, Yardeni says
Investing.com -- Today, Secretary of the Treasury Scott Bessent revealed President Trump’s intention to nominate Luke Pettit and Jason De Sena Trennert for significant roles in the United States Department of the Treasury. Bessent expressed confidence in their ability to execute Trump’s agenda, which aims at rejuvenating the economy, reducing prices by cutting regulations, and fortifying the financial system.
Luke Pettit is set to become the Assistant Secretary for Financial Institutions. Pettit has a notable track record in policy advising, having served as a senior policy adviser to U.S. Senator Bill Hagerty. Before this role, he worked as an economist for the Senate Banking Committee and held positions at Bridgewater Associates and the Federal Reserve in the Division of Monetary Affairs. Pettit is a graduate of the University of Pennsylvania.
Jason De Sena Trennert is nominated for the position of Assistant Secretary for Financial Markets. Trennert has a rich history on Wall Street, with over three decades of experience. He has made a name for himself as a leading thinker on financial markets and economic policy. Trennert is also the Chairman of Strategas Research Partners, a firm he co-founded 18 years ago, currently recognized as Wall Street’s top macroeconomic research firm.
Trennert’s foresight in predicting President Trump’s appeal as a Presidential candidate as early as 2011, his victory in 2016, and the subsequent bull market, has marked him as a formidable strategist. Furthermore, Trennert has authored three books on investing and the investment business.
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