11.5 Morning Briefing

BTC 80200, ETH 2350.

Democrats retake Congress in a blue wave;
Oil plunges: WTI closes at 87.49, down 8.66%;
Brent at 94.01, down 9.43%.
The dollar falls 0.33% to 101.53, while the 10-year yield retreats to 4.884%. Gold rebounds 3.35% to 4060.
The Dow rises 3%, the S&P 500 gains 1.58%, and the Nasdaq climbs 1.44%.

Markets are pricing in a divided government, with expectations for fiscal expansion and continued fighting cooling. The U.S.-Iran talks may become clearer on Friday. Today, the PBOC conducts 300 billion yuan in outright reverse repo operations.

The election results are bearish for crypto legislation: Democrats take the Senate, and Warren may take over the Banking Committee, making the CLARITY Act harder to advance. But this rally is mainly driven by oil and safe-haven sentiment, not legislative news.

Just moved above 80000; hold 78000. A break below puts 76500 in view.

#美国中期选举:市场有哪些期待?