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Brett Arends’s ROI: Sorry, investors — Donald Trump won’t be another Ronald Reagan

Donald Trump is going to ignite a long, Ronald Reagan-style boom for the stock market — right?

After all, he’s going to slash taxes — just like Reagan.

He’s going to slash regulations too — just like Reagan.

He’s going to launch a massive, Keynesian spending boom on defense, too — just like Reagan. (Actually, he’s going to go even further, and launch one on infrastructure too).

So we can just expect the same fireworks for the U.S. stock market, surely. Let the good times roll!

Not so fast, warns money manager James Litinsky.

Half of the stock market’s gains under Reagan came not as a result of his pro-growth economic policies, but from the collapse in interest rates, Litinsky calculates.

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