President-elect Donald Trump’s Cabinet selections have captured significant market attention. Exante Data Founder and CEO Jens Nordvig and Citi Head of Global Macro Strategy Dirk Willer joins Market Domination to discuss their perspectives on the former president’s picks. "The reason why it’s important is that we have an incredible amount of uncertainty about policy outlook, what’s going to happen to fiscal policy, what’s going to happen to trade policy," Nordvig tells Yahoo Finance. He highlights Trump’s recent selection of Scott Bessent, noting that he will be "an important voice in the administration" regarding the economy and markets. "Trump is going to appoint people that he listens to," Nordvig explains, adding that Bessent will have "a dual role" advising Trump while maintaining his formal position. "I agree that it’s a great team," Willer adds, noting that markets began pricing out risks following Trump’s Cabinet appointments. He points to the yield curve as evidence that "the market is giving up on the view" that the Trump administration could pose major fiscal risks to market dynamics. However, Willer expressed concerns about "a Trump supremacy," explaining that while Trump will consider his Cabinet’s opinions, "in the end he [Trump] is the decision-maker, he wants to be the decision-maker." Willer cautions that "even a strong economic team is not a guarantee yet that the policies will not be more expansionary than the market is hoping here."
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