The Direxion Daily S&P 500 Bear 3X ETF (SPXS) has decreased by 1.46% from the previous close as of 4:35 ET on Thursday, November 21st, reflecting a broader market sentiment shift following recent U.S. elections. The S&P 500, which the ETF inversely tracks, has been buoyed by investor optimism surrounding the Republican sweep in the presidential and congressional elections on November 5, 2024. This political shift has sparked a temporary euphoria in U.S. equities, as market participants anticipate pro-business policies that could stimulate economic growth. However, this optimism is beginning to wane, as evidenced by the fading "Trump trade" momentum. Despite the initial surge, there is growing skepticism about the sustainability of these gains, with some investors questioning the long-term impact of the election results on market fundamentals.