This week, the US stock market has fewer trading days due to Thanksgiving, and Wall Street's fear index continues to decline.

The CBOE Volatility Index (VIX) fell 4.8% on Tuesday, to 13.90. The VIX measures the implied volatility of the S&P 500 index for the next 30 days. Data below 20 is considered normal volatility.

Ahead of the 2024 elections, the VIX had spiked above 20, but quickly retreated after Trump won the electoral votes on election day. Before the election, some on Wall Street were concerned that the results might take weeks or even months to determine.

In contrast, the market has remained relatively calm. The Federal Open Market Committee also continued to lower interest rates in its early November meeting.

The Dow Jones Industrial Average fell 104 points, a decline of 0.2%, after hitting a record high on Monday. The S&P 500 index rose 0.3%, on track for its first record closing since November 11. The Nasdaq Composite Index rose 0.5%.

In this context, it is normal for the market to remain calm ahead of the holiday season.

Questions about inflation, the economy, and the sustainability of earnings expectations for 2025 may pose challenges early next year, but the market may enter a relatively calm state before the New Year arrives. $BTC