What if a demand shock collapses global jet-fuel consumption and deepens a crude glut?
A demand shock (recession or pandemic-style event) collapses global jet-fuel consumption, removing a key product-demand pillar and deepening a crude glut.
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 6–18 months 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-off shock. A demand shock (recession or pandemic-style event) collapses global jet-fuel consumption, removing a key product-demand pillar and deepening a crude glut. The trigger decomposes into signed root‑shocks — Consumer spending ▼ · Jet fuel ▼ · Oil demand ▼ · Recession signal ▲ — 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 | United Airlines UAL 📈 chart | Equity | ▲ +0.6% hist -2.15–+5.24% · other way +18.31% (n=11) |
| 2 | Delta DAL 📈 chart | Equity | ▲ +0.5% hist -1.21–+3.31% · other way +11.2% (n=11) |
| 3 | Financials XLF 📈 chart | Equity | ▼ -0.3% hist -1.38–+0.22% · other way +1.86% (n=11) |
| 4 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.4% hist -1.61–+3.36% · other way +8.68% (n=11) |
| 5 | WTI crude CLon Hyperliquid 📈 chart | Commodity | ▼ -0.3% hist -0.66–+0.84% · other way -1.54% (n=11) |
| 6 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.3% hist -4.39–+4.73% · other way +3.67% (n=8) |
| 7 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.3% hist -0.35–+0.5% · other way -0.13% (n=11) |
| 8 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.3% model prior · unmeasured |
| 9 | High-yield credit HYG 📈 chart | Rate | ▼ -0.3% hist -0.56–+0.73% · other way -0.58% (n=11) |
| 10 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.2% hist -0.85–+0.39% · other way +3.79% (n=8) |
| 11 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▲ +0.2% hist -1.88–+1.12% · other way -3.86% (n=11) |
| 12 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.2% hist -0.95–+1.3% · other way +5.05% (n=8) |
| 13 | Energy sector XLEon Hyperliquid 📈 chart | Equity | ▼ -0.2% hist -0.66–+0.13% · other way +0.3% (n=11) |
| 14 | ExxonMobil XOM 📈 chart | Equity | ▼ -0.2% hist -0.41–+0.09% · other way -0.39% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 36 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 |
|---|---|---|---|---|---|---|
| 10y yield DGS10 | SHORT | -6bp · 5d +1bp ↺ fades | 68% | 36 | 0.31 | · |
| XLF XLF | SHORT | -1.1% · 5d -0.5% | 66% | 28 | 0.28 | ✓ matches cascade |
| Gold XAU | LONG | +1.1% · 5d -0.1% ↺ fades | 62% | 28 | 0.24 | · |
| XLE XLE | SHORT | -0.5% · 5d +0.3% ↺ fades | 59% | 28 | 0.18 | ✓ matches cascade |
| NDX NDX | LONG | +0.6% · 5d -0.8% ↺ fades | 57% | 31 | 0.11 | ⚠ differs |
| XLK XLK | LONG | +0.7% · 5d -0.5% ↺ fades | 56% | 28 | 0.11 | ⚠ differs |
| MSTR MSTR | LONG | +3.4% · 5d -4.4% ↺ fades | 56% | 28 | 0.10 | ⚠ differs |
| SPX SPX | LONG | +0.2% · 5d +0.1% | 55% | 36 | 0.09 | ⚠ differs |
| CVX CVX | SHORT | -0.2% · 5d +0.6% ↺ fades | 55% | 36 | 0.09 | ✓ matches cascade |
| DAL DAL | LONG | +2.9% · 5d +1.2% | 53% | 26 | 0.06 | ✓ matches cascade |
| US dollar DXY | LONG | +0.2% · 5d +0.1% | 53% | 36 | 0.05 | · |
| UAL UAL | LONG | +4.8% · 5d -0.9% ↺ fades | 52% | 27 | 0.03 | ✓ matches cascade |
| CL CL | LONG | +1.0% · 5d -1.2% ↺ fades | 44% | 28 | 0.00 | ⚠ differs |
| SOL SOL | LONG | +5.4% · 5d -6.9% ↺ fades | 50% | 11 | 0.00 | ⚠ differs |