Trump’s presidency will mark a move to the right akin to the Ronald Reagan era, Dalio said. The new period will likely be characterized by decreasing globalization, increased U.S. growth as well as higher inflation, wrote Dalio, whose firm manages about $150 billion.
“We believe that we will have a profound president-led ideological shift that is of a magnitude, and in more ways than one, analogous to Ronald Reagan’s shift to the right,” Dalio wrote. “Donald Trump is moving forcefully to policies that put the stimulation of traditional domestic manufacturing above all else, that are far more pro-business, that are much more protectionist."
Dalio said his preliminary assessment of Trump is “broadly positive.”…Bloomberg
Ray Dalio Is Bullish on Trump Presidency, Bearish on Bonds