PANews reports on April 5th that Arthur Hayes tweeted that the latest generation of U.S. stock investors are too accustomed to structural bull markets. This is more of an exception rather than a global norm, with many examples showing that even with good potential economic growth, the stock market can experience horizontal/range-bound fluctuations for 10 years.

The market is expected to provide a perfect environment for traders who 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 significantly decline.