Cathie Wood: The stock market will be the biggest beneficiary of President Trump's policies

Odaily News Cathie Wood, CEO of Ark Invest, said that in the early days of the Reagan administration, Federal Reserve Chairman Volcker raised the federal funds rate from 10% to 20%, causing the economy to fall into recession starting in 1983. President Reagan's policies ushered in the best 15 to 20 years in the history of financial markets. Both the stock and bond markets flourished. We believe that the stock market will be the biggest beneficiary of President Trump's policies given the current much lower interest rates.