The last time a right-wing anti-establishment candidate made it to the White House was in 1829, when Andrew Jackson became the United States’ seventh President. The election of Donald Trump is repudiation of the liberal indifference to economic stagnation, income inequality and the diminishing economic prospects for American families, which have clouded over the US during the two terms of President Barack Obama. In Tuesday’s vote, Americans have refused to accept this status quo as the best the US can do. They longed for a leader who would not “manage the stagnation/decline” but fight to restore growth and “make America great again.” Voters rejected the progressive agendas of Hillary Clinton and Obama, much of which have stifled economic growth for the past eight years with over-regulation and legislative gridlock. If Trump is wise enough to surround himself with clever advisors and follow the example of President Ronald Reagan, who adopted the reform agenda that former Congressman Jack Kemp and other House Republicans had prepared, then don’t be surprised to see a +4% GDP growth in the US, late in 2017. The best market returns were generated under Republican Presidents working with a Republican controlled Congress. In that scenario, the S&P 500 Index gained +15.1% annually. Therefore, now that we have Republicans controlling the White House and Congress, US equities will be a good medium to long term play. However, one has to be patient, since “President” Trump, will not be in office until January 20, 2017 and the rally in equites will not be sustainable until GDP growth accelerates.