Possible scenario
Preemptive Legal Clash
13%
−0.4%
The administration moves before the new Congress is seated, attempting to establish favorable legal ground for governing without congressional cooperation. This path produces the highest near-term institutional uncertainty because courts, agencies, and Congress all respond at once.
What it moves
- Business Services−0.7%
- Industrials−0.5%
- Riskier companies' borrowing costs
- Market volatility
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