PANews reported on April 5 that Arthur Hayes tweeted that the latest generation of US stock investors are too accustomed to structural upward bull markets. This is more of an exception than a global norm, and there are many examples that show that even if the potential economic growth is good, the stock market will continue to fluctuate sideways/range for 10 years.

The market is expected to provide a perfect environment for the types of dealmakers who can adapt quickly and thrive, but it will be extremely bearish for many privately oriented strategies. If Trump continues with his policy choices, expected returns for PE and VC should fall sharply.