The market reacted positively to reports of Scott Bessent's nomination as Treasury Secretary, viewing it as a mainstream choice with previous experience in fund management.
The proposed '3-3-3' policy stance from Bessent, aiming for 3% GDP growth, 3% budget deficit, and an additional 3 million bpd oil production, boosts market optimism.
While the proposed fiscal strategies look promising, achieving a 3% budget deficit could lead to politically challenging decisions, indicating the complexities of real-world implementation.
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