The Trump Boom Could Soon End as the Bond Market Flashes a Stark Warning to Stock Investors

While the S&P 500 has surged 14% year-to-date under Trump's pro-business policies, rising bond yields (10-year at 5.2%) and elevated stock valuations (CAPE ratio of 41.9) are signaling potential trouble ahead. Tariffs, inflation, and deficit spending are driving up interest rates, making Treasury bonds increasingly attractive relative to expensive equities, potentially triggering a portfolio shift away from stocks.