Possible scenario
Wider Escalation Risk
15% Chance
Russia frames the Proton strike as evidence of deeper Western involvement and raises the rhetorical and military alert level around long-range weapons. This scenario is less likely but would create a clearer near-term risk-off reaction, especially if Russian statements name NATO states or threaten supply routes.
Initial impacts
- Market volatility Up
- Riskier companies' borrowing costs Up
- 10-year Treasury yield Down
- Oil prices Up
- US dollar Up
Secondary impacts
- Industrials +0.9%
- Technology -0.7%
- Finance -0.2%
Portfolio impact
S&P 500-0.5%
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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