Possible scenario
Escalatory Strike Cycle
18% Chance
The dispute over U.S. intelligence coincides with a sharper Russia-Ukraine exchange of long-range attacks. Markets respond more visibly if energy infrastructure or major civilian centers are hit again, though the reaction remains below crisis levels unless NATO is directly involved.
Initial impacts
- Riskier companies' borrowing costs Up
- Market volatility Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
Secondary impacts
- Consumer Cyclicals -1.1%
Portfolio impact
S&P 500-1.0%
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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