The outcome of the US Presidential Election is decisive for macroeconomic policy (taxes, trade, regulation). Republicans typically favor tax cuts and deregulation (bullish for stocks but potentially driving up deficits/yields), while Democrats favor social spending and environmental regulation. Election uncertainty or a surprise win often triggers significant volatility, especially in bond yields, the DXY, and major equity indices. Bitcoin, as a hedge against fiat policy uncertainty, is also often sensitive to election sentiment.