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Investors genuinely did not believe Trump would go through with the tariffs and demolishing the government. Even though he repeatedly said he would during the election, investors just didn't believe it. They though he'd come in and slash corporate taxes and regulations and that'd be it. So after he won the election they stock market went on a tear. In the week after the election the US Stock Market Index jumped like 300 points and continue to rise until it hit it's peak just after inauguration.
Then Trump started to actually do the things he'd been promising he'd do all along. It took until ~1 month into the administration (~1 month ago) before investors realized Trump was serious. That's when the market started falling. It's only been going down for a month now.
It's only been falling for a month now, but the US Stock Market Index is already ~100 points lower than it was at the election. Right now it's at the same place it was 6 months ago. In other words, any gains the US Stock Market made over the 5 months from Sept-Feb were completely wiped out over just 1 month in March.