Here are some things to keep in mind when referring to the "Trump Rally"…
The S&P 500 is up nearly 6% since Trump was elected, but that doesn't necessarily mean that the Trump Rally is still on.
When discussing the so-called Trump Rally, an argument can be made for referring to it in past tense, rather than in present tense – since it appears that the gain has essentially been stalled for more than 5 weeks now (having ended around December 13). In fact, the S&P 500 has now moved sideways for a longer period than the actual post-election rally (26 sessions vs. 25 sessions).
Source: Thomson Reuters Eikon