S&P 500 Erases Post-Election Rally With 4% Midday Drop

📉 MARKETS — The election bounce lasted less than 24 hours before the math caught up. 📌 LOOK CLOSER: A 4% S&P drop erasing post-midterm gains signals markets repricing the Iran war's political durability, not its resolution. Democratic sweep removes Trump's mandate cover for Epic Fury; GOP fracture makes strike funding uncertain. Capital fled the "ceasefire relief" trade the moment it became clear the administration has no coherent exit. Watch oil next.