Possible scenario
Power Bottlenecks Dominate
25% Chance
The capex surge runs into electricity, permitting and transmission constraints. Utilities and grid-equipment firms gain negotiating leverage, but cloud developers face higher interconnection costs and longer delivery timelines.
Initial impacts
- Copper Up
Secondary impacts
- Technology -1.4%
- Utilities +0.9%
- Non-Energy Materials -0.5%
- Energy +0.4%
- Industrials +0.2%
Portfolio impact
S&P 500-0.7%
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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