Possible scenario
Managed Deterrence Signal
45% Chance
Pakistan frames the extended-range Fatah 4 test as a routine deterrence update rather than preparation for near-term operations. India issues a formal protest and intelligence review, but both sides avoid force movements that would materially alter the crisis level.
Initial impacts
- Market volatility Up
Secondary impacts
- Industrials +0.1%
Portfolio impact
S&P 500-0.0%
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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