Jim Cramer's Top 10 Things to Watch in the Stock Market on Wednesday: Trump Victory Edition

1. According to NBC News forecasts, Wall Street was poised for a major rebound following Donald Trump's victory in the presidential election. Dow futures led the way, rising 3%, or about 1,250 points. Republicans are expected to win control of the Senate. The majority in the House of Representatives is still too narrow to call.

2. U.S. bond yields soared, meaning investors sold Treasury bonds in favor of riskier assets like stocks. The 10-year Treasury yield rose to 4.47%, its highest level since July. The bond market was betting that Trump's presidency would boost economic growth and government spending.

3. The Federal Reserve begins its two-day November meeting on Wednesday. The markets see an interest rate cut of 25 basis points on Thursday as a lock. But the chances of another 25 in December were slimmer after Trump's victory, with the chance of a break topping 30%.