Hard Moratoria Spread

its chance, of the story’s futures

−1.4%on the S&P 500, if it happens

New administrations convert campaign pledges into broad permit moratoria covering most unbuilt campuses in Texas, Virginia, Georgia, Arizona, and Pennsylvania. The result is a material delay to AI infrastructure buildout and a sharper repricing of data-center landlords, power producers, and AI compute capacity plans.

What it moves

Utilities−3.1%
Technology−2.5%
Market volatility▲ up
Riskier companies' borrowing costs▲ up

Sectors in percent; other series by direction only.

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

Hard Moratoria Spread

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