I think the Trump stock market rally will end because of Trump. In particular, stocks will suffer (eventually) because of Trump's tariffs. The president-elect has pledged to impose 10% to 20% tariffs on all imports into the U.S. and wants tariffs of between 60% and 100% on all Chinese imports.

The fierce rally in U.S. stocks since November’s presidential election took a pause on Tuesday as bond yields marched higher and investors awaited a new reading on consumer inflation. Inflation became a major flashpoint issue in the 2024 election,

Still, the market indicates a 37.9% chance that the Federal Reserve will keep interest rates steady next month. Trump's policies are expected to have a potentially inflationary impact, and the market is debating whether interest rates will remain higher for longer as the Fed is again forced to confront rising prices.