According to Eric Balchunas, $SPY is up 50 basis points in pre-market trading. However, traders should remain cautious due to a historical pattern of selloffs following Philadelphia sports championships, as seen after the 2018 Super Bowl, which coincided with the 'Volmageddon' market event.

According to Michaël van de Poppe, a notable selloff in altcoin markets is observed, which could be linked to anticipated events such as CPI and PPI releases or Trump's inauguration.