Policy Rotation Takes Hold

its chance, of the story’s futures

−0.1%on the S&P 500, if it happens

Investors rotate away from the narrow AI trade and into sectors perceived as beneficiaries or relative safe havens under divided or Democratic-led fiscal priorities. Semiconductor stocks stabilize but no longer dominate the tape.

What it moves

Utilities+0.6%
Industrials+0.5%
10-year Treasury yield▲ up
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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