Possible scenario
Federal Mekelle Push
35% Chance
Ethiopian federal forces press their advantage toward Mekelle while Eritrea remains active mainly on the Afar and northern fronts. This is plausible because the seizure of airports by Tigrayan forces gives Addis Ababa a strong incentive to retake airfields quickly before Tigray consolidates logistics.
Initial impacts
- Market volatility Up
- Riskier companies' borrowing costs Up
- Oil prices Up
- US dollar Up
Secondary impacts
- Consumer Services -0.2%
- Industrials +0.1%
Portfolio impact
S&P 500-0.4%
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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