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.

Trump 2.0 is Trump unleashed. That much we know, with the Republicans on track at the time of writing for a clean sweep that will give the new president almost unprecedented power, and Trump himself seemingly unwilling to compromise on almost anything.

Microstrategy: The Bitcoin software company also got a nice postelection bump, with Trump’s victory leading its key currency to never-before-seen thresholds. To celebrate, Microstrategy made its largest Bitcoin purchase since 2020, scooping up about $2 billion worth of that digital gold and announcing a massive new fundraising round.