Possible scenario

Buildout Relocates

its chance, of the story’s futures

+0.1%on the S&P 500, if it happens

Developers respond to hostile local politics by moving projects to jurisdictions with surplus power, lower population density, and explicit economic-development incentives. The U.S. data-center boom does not end, but it becomes more geographically concentrated and more dependent on negotiated utility packages.

What it moves

Utilities+0.3%
Technology+0.3%
Copper▼ down
US dollar▼ 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.

Keeping an eye on this scenario?