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

Arthur Hayes tweeted that the latest generation of American stock investors are too accustomed to structural bull markets. This is more like an exception than a global norm, with many examples showing that even with good potential economic growth, the stock market will continue to experience 10 years of horizontal/interval volatility. It is expected that the market will provide a perfect environment for traders who can quickly adapt and thrive, but for many privately-owned strategies, the market will be extremely pessimistic. If Trump continues his policy choices, the expected returns for PE and VC should significantly decrease.