Gridlock Trade Dominates

10%its chance, of the story’s futures

+0.4%on the S&P 500, if it happens

Markets quickly move past the campaign postmortem and focus on legislative consequences. A Democratic Senate constrains major tax, spending, energy, and confirmation priorities, making gridlock the central short-term investment theme.

What it moves

Utilities+0.4%
Technology+0.4%
Market volatility▼ down
10-year Treasury yield▼ down

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.

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