Possible scenario
Rotation From Growth
20% Chance
Investors do not abandon equities, but they reduce exposure to the most expensive growth trades and favor cheaper or lower-volatility sectors. This fits the recent backdrop of weakening breadth near records, where leadership shifts can occur without a full market selloff.
Initial impacts
- Market volatility Up
- 10-year Treasury yield Down
Secondary impacts
- Technology -0.7%
- Utilities +0.4%
- Consumer Non-Cyclicals +0.3%
- Telecommunications +0.3%
Portfolio impact
S&P 500-0.3%
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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