"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.

The stock market has been on a record-setting hot streak since Donald Trump won the White House last week. But billionaire activist investor Nelson Peltz doesn’t think it will last.

U.S. equity futures nudged higher in early Thursday trading, white the dollar accelerated to the highest levels in nearly two years, as investors continue to worry over the inflationary impact of new Trump administration policies while taking a cautious approach on stock market risk following last week's run of record highs.