The morning after the blue sweep: markets sold the result, then bought it all back. Nasdaq futures fell 2.3% by 04:30 UTC as the Senate priced in. They are now up 0.3% from Monday's close. S&P futures went from down 1.3% to up 0.3%. Texas also flipped its governor. Gina Hinojosa (D) beat Greg Abbott. That matters for the Texas power and compute trade. These names ran on Monday, then faded after hours: $RIOT +18.4%, then -1.4% $CORZ +13.9%, then -3.0% $IREN +11.1%, then -1.4% Earnings come next: $IREN and $CORZ on Nov 5, $CRWV on Nov 10, $NBIS on Nov 12. Those calls are the first read on Texas policy risk. $ZEC is up 15.3% from Monday's $1,120 low, and it is beating $BTC over 30 days (-3.4% vs -8.5%). Privacy is the alt theme we see gaining into 2028. Our view: a gridlocked Washington is friendlier to risk than a White House that sets policy by tariff. Don't over-read the first reaction.