CNBC Daily Open: Best to stay prudent even in the postelection afterglow

Record highs
U.S. markets traded higher Monday. The S&P 500 closed supra 6,000 for the archetypal clip and the Dow Jones Industrial Average deed a caller closing precocious supra 44,000. Asia-Pacific markets fell connected Tuesday, breaking ranks with Wall Street. Hong Kong's Hang Seng index slumped astir 2.8%, portion South Korea's Kospi sank 1.9%.

Frenzy successful crypto world
Bitcoin broke different grounds Monday, rising arsenic precocious arsenic $89,623.00, according to Coin Metrics. It's truthful overmuch successful request that the iShares Bitcoin Trust, a bitcoin ETF, has surpassed the iShares Gold Trust, successful presumption of assets managed. Separately, the property of crypto speech FTX sued Binance and its erstwhile CEO, Changpeng Zhao, implicit a "fraudulent" stock deal.

Musk is not a caller Kissinger
Tesla CEO Elon Musk shares a adjacent narration with Donald Trump. He besides has concern dealings successful China, wherever Tesla runs a "gigafactory."  Those duplicate interests person raised hopes successful China that Musk tin act arsenic a caller Henry Kissinger and mend U.S.-China relations. But experts caution that Musk is simply a businessman, not a diplomat.

Can't discontinue the addiction
State-owned China National Tobacco Corporation has seen income surge adjacent arsenic baccy usage is declining astir the world. Shares of China Tobacco International (HK), a Hong Kong subsidiary of the China National Tobacco Corporation, are up implicit 376% since its listing successful June 2019, according to LSEG data.

[PRO] Global markets respond to Trump
The U.S. banal marketplace has experienced a blistery rally pursuing Donald Trump's impending instrumentality to the White House. Global markets and economies, however, were varied successful their effect to Trump's victory, due to the fact that his policies could weigh connected countries' industries and currencies.

The banal marketplace is riding precocious connected Trump's predetermination victory.  

The S&P 500 ticked up 0.1% to adjacent astatine 6,001.35, the archetypal clip it's ended the time supra 6,000. Likewise, the Dow Jones Industrial Average, aft adding 0.69%, closed astatine a grounds of 44,293.69, its archetypal adjacent supra 44,000.

While Tesla's rally sees no signs of stopping — shares popped astir 9% yesterday — different tech giants specified arsenic Apple and Microsoft person seen shares slip.

That caused the Nasdaq Composite to underperform the S&P and Dow. The tech-heavy scale eked retired a 0.06% gain.

The postelection banal rally, however, is apt to enactment beardown for now.

"The Republicans' decisive triumph has ignited 'animal spirits,' contempt already lofty expectations," wrote Morgan Stanley Wealth Management's Chief Investment Officer Lisa Shalett successful a Monday note.

But whether the bully vibes are the steadfast flood of endorphins aft a run, oregon the alcoholic buzz that volition pb to a hangover, is inactive an unfastened question.

Amid specified uncertainty, investors "could good payment from practicing patience and avoiding jumping to conclusions arsenic to however the predetermination result volition impact the markets," wrote John Stoltzfus, main concern strategist astatine Oppenheimer Asset Management.

"We favour wide diversification tuned much to cyclical and secular trends that stay successful spot for now," helium added.

Likewise, Shalett advocates a "balanced stance" for investors, and cautions they debar jumping to conclusions connected whether the surge successful stocks is signaling stronger economical growth.

So, it remains to beryllium seen if the rally volition fizzle retired erstwhile the archetypal predetermination euphoria wears off, oregon if the marketplace frenzy portends a longer-term phenomenon.

It's hard to spell incorrect pursuing the age-old rules for investing successful the banal market: Be successful it for the agelong term, diversify and look astatine fundamentals similar net and valuation.

— CNBC's Brian Evans and Alex Harring contributed to this report.