Possible unprecedented large bifurcations ahead for S&P 500

Macro economics to date could moves S&P 500 to 7000 if maintained but if Trump policy drops the fiscal impulse could trade down towards 4500. A constitutional crisis is another risk distribution.

The Biden hand-off to Trump - 7000 level in S&P 500 level if maintained: no DOGE, no tariffs, no Executive Orders, and still no Fed.