The pick of Scott Bessent as Treasury secretary has changed the market's mood, says Kit Juckes, chief currency strategist at Societe Generale. Stock futures are up, and both bond yields and the dollar are down.

Stocks rallied and yields plunged as markets cheered Scott Bessent as Trump's pick to run the Treasury. The Dow and the Russell 2000 hit fresh records.

The S&P 500 rose by 33.64 points, or 0.6%, to 6,032.38; the index gained 5.7% this month, the most since November 2023. It also tallied its 53rd record close of 2024 on Friday. Th