DOJ Quietly Narrows

The most likely outcome is that the Justice Department retreats from the sweeping ‘grand conspiracy’ theory after Jason Reding Quiñones leaves without indictments. Pam Bondi’s DOJ may preserve a narrower investigative posture, but career prosecutors are likely to resist charges that lack evidentiary support.

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