Possible scenario
Gridlock With Oversight
−0.1%
The most likely path is a divided-government reset: President Trump retains veto power while Democrats use House and Senate control for appropriations leverage, oversight, and subpoenas. Markets treat this as a constraint on sweeping new legislation, with the main risk shifting to shutdown deadlines and investigative escalation.
What it moves
- Finance−0.6%
- Technology+0.4%
- 10-year Treasury yield
- Riskier companies' borrowing costs
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