There is now only one crucial call to make in the stock market: What is the Trump Presidency going to do to the stock market?

The US stock market collapsed on Friday, posting its worst single-day loss since December 2024, as traders dumped risk assets on fears of a weakening economy and stubborn inflation, as new economic data showed shaky consumer confidence,

While nobody can predict what the market will do, especially in the short term, some metrics suggest that a downturn could be on the horizon.

Some data points suggest the S&P 500 bull market will continue through 2025. In January, the manufacturing sector expanded for the first time in over two years, while the services sector expanded for 56th consecutive month. Additionally, Wall Street expects S&P 500 companies to report accelerating growth in revenues and earnings this year.

The decline on Friday accelerated following a trio of economic data releases early in the trading session, which painted a worrying picture about the current state of the economy,