Shares of Apple are currently trading at an all time high, in a bull market rally that recently-elected U.S. President Trump has frequently taken credit for. However, stock market gains—including Apple's—appear to be driven primarily by favorable earnings reports from the December quarter. The economic future of Apple — and the U.S. overall — is less certain, given risks related to infrastructure investment, taxes, currency valuations, immigration restrictions and travel bans under the new administration.