Arthur Hayes: If Trump continues his policy choices, the expected returns for PE and VC will decline significantly.

According to Mars Finance, Arthur Hayes tweeted that the latest generation of American stock investors is too accustomed to a structurally upward bull run. This is more of an exception than a global norm, with many examples showing that even with potential economic growth being good, the stock market can still experience 10 years of horizontal/range fluctuation. It is expected that the market will provide a perfect environment for trader types that can quickly adapt and thrive, but for many private-oriented strategies, the market will be extremely pessimistic. If Trump continues his policy choices, the expected returns for PE and VC should decline significantly.