What if Abundant cheap fuels broaden the global disinflation impulse?
A combined gas glut and refining-capacity wave keep heating, power and transport fuels cheap, broadening a disinflationary impulse that supports household real incomes and central-bank easing.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 1–3 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a risk-on shock. A combined gas glut and refining-capacity wave keep heating, power and transport fuels cheap, broadening a disinflationary impulse that supports household real incomes and central-bank easing. The trigger decomposes into signed root‑shocks — Natural gas ▼ · Diesel ▼ · Gasoline ▼ · Inflation expectations ▼ · Risk appetite ▲ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▲ +0.6% hist -3.57–+5.32% · other way -4.91% (n=7) |
| 2 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▲ +0.5% hist -0.02–+0.77% · other way +0.0% (n=7) |
| 3 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▲ +0.6% hist -5.93–+10.21% · other way +11.52% (n=7) |
| 4 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▲ +0.5% model prior · unmeasured |
| 5 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▲ +0.4% hist -2.2–+3.99% · other way -2.46% (n=7) |
| 6 | Tech sector XLK 📈 chart | Equity | ▲ +0.4% hist +0.09–+0.38% · other way -0.1% (n=7) |
| 7 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▼ -0.3% hist -6.12–+1.56% · other way +7.76% (n=7) |
| 8 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▲ +0.3% hist -6.67–+8.35% · other way +0.72% (n=7) |
| 9 | Natural gas NGon Hyperliquid 📈 chart | Commodity | ▼ -0.3% hist -1.53–+2.01% · other way -2.58% (n=7) |
| 10 | 30y Treasury yield DGS30 📈 chart | Rate | ▼ -2bp hist -3.56–+9.52% · other way +10.9% (n=12) |
| 11 | 10y Treasury yield DGS10 📈 chart | Rate | ▼ -2bp hist -5.78–+8.56% · other way +3.7% (n=12) |
| 12 | S&P 500 SPXon Hyperliquid 📈 chart | Index | ▲ +0.1% hist -0.43–+1.65% · other way +0.06% (n=12) |
| 13 | Coinbase COINon Hyperliquid 📈 chart | Equity | ▲ +0.2% hist -17.89–+23.76% · other way +11.26% (n=7) |
| 14 | Semiconductors SMHon Hyperliquid 📈 chart | Equity | ▲ +0.2% hist +0.04–+0.14% · other way -1.38% (n=7) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 20 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| COIN COIN | LONG | +25.1% · 5d +7.5% | 67% | 7 | 0.30 | ✓ matches cascade |
| Volatility VIX | SHORT | -5.3% · 5d -5.0% | 68% | 19 | 0.27 | ✓ matches cascade |
| ETH ETH | LONG | +3.8% · 5d -3.4% ↺ fades | 68% | 10 | 0.26 | ✓ matches cascade |
| SPX SPX | LONG | +1.4% · 5d +0.1% | 63% | 20 | 0.24 | ✓ matches cascade |
| NDX NDX | LONG | +0.5% · 5d -0.6% ↺ fades | 66% | 19 | 0.23 | ✓ matches cascade |
| 30y yield DGS30 | LONG | +9bp · 5d +3bp | 65% | 20 | 0.23 | ⚠ differs |
| US dollar DXY | LONG | +0.1% · 5d -0.5% ↺ fades | 59% | 20 | 0.15 | · |
| SMH SMH | LONG | +0.0% · 5d -0.1% ↺ fades | 57% | 17 | 0.12 | ✓ matches cascade |
| Gold XAU | LONG | +0.4% · 5d -0.1% ↺ fades | 55% | 17 | 0.09 | · |
| SOL SOL | LONG | +5.2% · 5d -9.0% ↺ fades | 56% | 10 | 0.08 | ✓ matches cascade |
| Bitcoin BTC | LONG | +8.7% · 5d -2.7% ↺ fades | 52% | 10 | 0.03 | ✓ matches cascade |
| MSTR MSTR | LONG | +10.1% · 5d -4.3% ↺ fades | 50% | 17 | 0.00 | ✓ matches cascade |
| XLK XLK | LONG | +0.1% · 5d -0.6% ↺ fades | 47% | 17 | 0.00 | ✓ matches cascade |
| NG NG | LONG | +2.3% · 5d +0.1% | 45% | 17 | 0.00 | ⚠ differs |