The stock market rally takes a breather. Now it’s at the mercy of the bond market as investors weigh Donald Trump’s economic plans and what they mean for interest rates.

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.

Check back for updates throughout the trading dayU.S. equity futures were mixed in early Monday trading, while Treasury yields and the dollar held steady at multi-month highs, as investors entered the week on a cautious note with inflation risk and political uncertainty weighing on global markets.