Scott Bessent, founder and chief executive officer of Key Square ... pro-fiscal-discipline, pro-strong-dollar—which Wall Street typically likes. All things considered, he’s about as good a choice as one could have hoped for from Trump.

Investors are “appreciative” of Trump’s nomination of the “business-as-usual” Bessent as Treasury secretary, remarked one strategist.

President-elect Donald Trump’s pick for Treasury Secretary operates a hedge fund that reaped a massive windfall two years ago — even as global markets sagged.