Rates Reassert Control

its chance, of the story’s futures

+0.2%on the S&P 500, if it happens

The post-election equity move quickly becomes secondary to rates and inflation expectations. Investors debate whether unified Democratic control means more fiscal support and higher Treasury supply, or whether reduced political risk helps financial conditions without changing the Federal Reserve path.

What it moves

Finance+0.2%
Technology+0.1%
Riskier companies' borrowing costs▼ down
10-year Treasury yield▲ 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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