Odaily Planet Daily News Ark Invest CEO Cathie Wood stated that during the early years of the Reagan administration, Federal Reserve Chairman Volcker raised the federal funds rate from 10% to 20%, causing the economy to enter a series of recessions starting in 1983. President Reagan's policies initiated the best 15 to 20 years in the history of the financial markets. Both the stock and bond markets flourished. We believe that, given the currently much lower interest rates, the stock market will be the biggest beneficiary of President Trump's policies.