Hard Freeze Enacted

Hinojosa moves from campaign proposal to a formal moratorium, pausing most new data center approvals until rural protections, tax rules, labor requirements, and ERCOT reliability standards are passed. This would be a severe sector-level policy shock for the Texas data center pipeline, though still not a broad macro crisis.

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