You don't know if there will be a u-turn. There's no logic at all to this administration, they could just announce the "Biden correction" is over and that the tariffs have now worked, plus the government is buying stocks.
Any fantasy scenario is possible.
The confidence is gone. The risk is high whatever happens. The lowest risk strategy is now betting on market failure.
That does paint a pretty grim picture wrt potential stock growth, if this finally triggers the correction back to a more sane stock price (last I read about it, you'd have to hold the stock for 65 years for the investment to break even).
The current stock valuations are essentially based purely on the same mechanic that makes Ponzi schemes to successful... At least short term.
This stupids-in-charge administration might just have brutally popped the AI bubble.