Possible scenario
Diplomatic Stalemate Persists
45% Chance
The most likely path is that Moscow refuses an unconditional ceasefire and argues that any pause must recognize Russian territorial demands. Ukraine and its 51 backers keep the diplomatic initiative alive, but the battlefield and sanctions regime remain largely unchanged.
Initial impacts
- Market volatility Up
- Riskier companies' borrowing costs Up
- Oil prices Up
Secondary impacts
- Industrials +0.2%
Portfolio impact
S&P 500-0.2%
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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