Lou Basenese, chief market strategist at Public Ventures LLC, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript of the conversation below, which has been lightly edited for length and clarity. Advertisement ANDY MILLS: How should investors feel about Trump’s appointment of Scott Bessent as treasury secretary? LOU BASENESE: Yeah, man, it should be a huge sigh of relief. I think this was probably one of the