Opening Shock Fades

its chance, of the story’s futures

+0.7%on the S&P 500, if it happens

The early selloff proves to be a disorderly repricing rather than the start of a crash. Systematic funds and long-only managers buy the dip after the initial Democratic sweep reaction, especially if Treasury market liquidity holds and yields stop rising.

What it moves

Consumer Cyclicals+1.0%
Technology+0.9%
Market volatility▼ down
Riskier companies' borrowing costs▼ 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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