Election results are in, and markets are moving for different reasons: U.S. stocks rebounded sharply on Wednesday, with the Dow up about 3%; oil prices, however, fell more than 8%; Bitcoin climbed back above $80,000, but ETF outflows haven’t stopped.
My take is that it’s too soon to simply call this a full-fledged return of risk appetite. U.S. stocks seem to be pricing in less political uncertainty, while oil is betting that tensions in the Middle East may ease. The crypto market still faces pressure from fund flows and security incidents.
So I’m not rushing to draw conclusions based on a single day of big gains. What I’m most interested in watching next: whether the stock market rebound holds, whether BTC ETFs see inflows again, and whether oil prices keep falling. Which one do you think is most worth watching right now? Share your thoughts in the comments~