Investors have shown enthusiasm following the conclusion of the recent election, as evidenced by increased client equity inflows reported by Bank of America. Michael O'Rourke, chief market strategist at JonesTrading, noted that while investors are excited about the election results, significant work and transitions remain. Despite an initial surge where over 10% of NYSE issues hit new 52-week highs, markets have since reversed, with more issues now trading at 52-week lows. The Nasdaq futures have experienced volatility, with significant drops and rises over recent days, partly due to unexpected Ukraine-Russia escalation, which was not anticipated with Trump coming in. Additionally, the S&P 500's valuation has nearly doubled since the 2020 election, yet current valuations remain similar, highlighting the importance of earnings in this context.