Markets Stay Local

its chance, of the story’s futures

0.0%on the S&P 500, if it happens

Investors largely separate the state-government shift from federal fiscal policy, Fed policy, and near-term corporate earnings. The headline matters more for legal and electoral strategy than for broad asset prices over the next few trading sessions.

What it moves

Riskier companies' borrowing costs▼ down
Market volatility▼ down

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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