Markets are pricing in volatility as U.S. futures retreat amid heightened uncertainty. When regulatory scrutiny intensifies at the top, traditional risk-off playbooks tend to kick in—equities sell, bonds stabilize, and precious metals find buyers. The correlation between policy uncertainty and portfolio rotation isn't new, but the speed matters. Safe-haven assets are getting renewed attention, signaling that market participants are recalibrating their risk exposure. For those tracking macro cycles, this pattern often precedes broader asset reallocation, including across crypto markets where sentiment tends to follow risk appetite trends. Whether this proves temporary or signals a deeper shift in risk sentiment bears watching.