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"Trees don't grow to the sky. Definitely not uninterrupted," Peltz said at the CNBC Delivering Alpha conference when asked whether stocks can continue to zoom higher in the wake of Donald Trump's election. "There will be something that will upset it," Peltz said.

Still, the market indicates a 37.9% chance that the Federal Reserve will keep interest rates steady next month. Trump's policies are expected to have a potentially inflationary impact, and the market is debating whether interest rates will remain higher for longer as the Fed is again forced to confront rising prices.

The fierce rally in U.S. stocks since November’s presidential election took a pause on Tuesday as bond yields marched higher and investors awaited a new reading on consumer inflation. Inflation became a major flashpoint issue in the 2024 election,

Stocks finished mixed Wednesday, as investors looked through a key inflation reading that could accelerate repricing of the so-called 'Trump Trade' and test the market's solid post-election rally. The Dow Jones Industrial Average gained 47.