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Feb 07 2017

Trump Inherits Poor ‘Initial Conditions’

  • Feb 7, 2017

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.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager