• 

  12%

  +1.6%

  Bipartisan U.S. energy and infrastructure permitting reform enacted

  Permitting reform lifts the broad equity market +1.5% over 20 days, adding $1.44T in covered equity value as lower development friction supports risk appetite. Technology leads at +2% and $720B, while healthcare and telecommunications lag because their businesses receive less direct benefit from easier energy development.

  Technology +2.0% · Energy +1.7% · Non-Energy Materials +1.4%

• 

  4%

  +0.3%

  Narrow U.S. permitting measure enacted while broad 2026 bill fails

  A narrow permitting measure modestly lifts risk appetite: the broad equity market rises 0.3% over 20 days, adding $288B in covered value. Energy gains most in percentage terms, while Technology creates the most dollar value; lower fuel and input costs reinforce selected businesses, but defensive sectors lag.

  Energy +0.5% · Technology +0.4% · Non-Energy Materials +0.3%

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