Valuation Air Pocket

Weak breadth becomes the catalyst for a modest de-risking move after investors reassess how much of the index's value depends on a handful of AI-linked names. The selloff is not a systemic crisis, but it is broad enough to lift volatility and widen credit spreads slightly.

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