Possible scenario

Moratoria Spread Nationwide

its chance, of the story’s futures

−1.0%on the S&P 500, if it happens

The midterm landslide convinces county boards and state legislatures that anti-data-center politics are now electorally dominant. Moratoria, power-use caps, and water-withdrawal restrictions spread from New York-style policy models to major data-center corridors in Virginia, Arizona, Ohio, Georgia, and Texas.

What it moves

Technology−1.9%
Utilities−1.3%
Riskier companies' borrowing costs▲ up
Market volatility▲ up

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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