Trump Inherits Poor ‘Initial Conditions’

February 07, 2017 BY Doug Ramsey >

We think that stocks in Trump’s current term will fall short of Obama’s gains, mostly reflecting a valuation starting point that’s almost twice as high as Obama’s was. “Managing expectations” doesn’t seem like Trump’s style, but in the case of the stock market it might not be a bad idea.

The full content of this page is available to research clients only.

Sign-in to your Account