These are just a few examples of a complex analytical problem: The Trump victory may well be associated with a rising stock market because the market gains in most presidential administrations, but it isn’t a win-win for the markets. There are endless complications internationally, too, but let’s save that for another day.

Whether the ‘Trump trades’ buoyancy endures will depend on how closely the president-elect sticks to his promises.

Each day that passes since the election seems to expand the definition of the Trump Trade. On Thursday, president-elect Donald Trump made two unrelated announcements that moved two disparate corners of the stock market.

During his campaign, President-elect Donald Trump discussed several policy changes that could impact the stock market. One of the most noteworthy was a proposed reduction in the federal corporate tax rate from 21% to 15%, which would be the lowest level since the mid-1930s.

The rally of the S&P 500 (SPY) after the election gives a sense that investors are happy that Trump was elected. But perhaps there is more to this story than meets the eye. That’s why Steve Reitmeister shares his updated market outlook taking into account the pros and cons of Trumps proposed new policies.

Currency traders are betting that Donald Trump’s policy agenda is about to jumpstart volatility in the $7.5 trillion-a-day foreign exchange market.After years of benign moves, a gauge of one-year volatility on the euro-dollar exchange rate surged after the election.

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.

Currency traders are betting that Donald Trump’s policy agenda is about to jumpstart volatility in the $7.5 trillion-a-day foreign exchange market.Most Read from BloombergTrump Promises Could Have Sei

The stock market rally following Donald Trump's presidential victory earlier this month pushed the S&P 500 to a record milestone but has since slowed.