Will history repeat itself?

The first term of the Trump administration imposed tarrifs, which confused investors at the beginning of the first presidential year. As time goes by, the U.S. stock market was stablized and recovered. Then, indexes recorded a new ATH(All Time High).

I feel like this cycle won't likely be different from the previous cycle. Well.. the odds of the next recession has been increasing. But, it seems that last bubble is coming.

I don't agree that this cycle was over. I think that this cycle is ongoing. I wish this year will be much better than the past 3 years.