An analyst has compared the performance of the stock market under US President Trump to that during Ronald Reagan’s term and now fears that investors will have to face a fierce bear market.
Both Donald Trump and ex-President Ronald Reagan did not come from the political establishment when they were elected to the White House. For Ralph Acampora, Director of the technical analysis department at Altaira Capital Partners, this was the occasion to look for other similarities.
Bear market under Reagan
When Reagan was sworn in on January 20, 1981, the Dow Jones index stood at around 950 points. At first, investors could look forward to a six-month “honeymoon” period, with a gain of just under 10 percent, according to Acampora.