Macro Stress Map: Energy, Credit & Risk Aversion
S&P 500 Exposure Analysis
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Objective: To quantify how a simultaneous positive shock to: WTI crude, CDX HY credit spreads, Implied volatility (VIX), would transmit through S&P 500 constituents using MFERM exposures as of 27 Feb 2026.
340 stocks are hurt by both higher oil and wider spreads. Only 11 benefits from both. E&P names rally on crude but give back on credit. This playbook quantifies all three scenarios.
Energy vs. Corporate Credit: The Full Map
X-axis = Energy (WTI) exposure. Y-axis = Corporate Credit (CDX HY) exposure. Red dashed lines =average negative exposure thresholds. Shaded zones highlight the most actionable quadrants.
Continue reading our analysis by downloading the PDF below
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