Submarine Priority Shift

The cancellation becomes part of a broader Russian Navy choice to prioritize nuclear submarines, missile carriers, and coastal strike systems over large Soviet-era surface combatants. This is the most likely path given the recent missile test by a refitted nuclear submarine and the decision to scrap Pyotr Velikiy.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.