🛢 Energy & Commodities risk-off · 1–3 years
A what‑if from the future

What if Clean-energy subsidy rollback chills US renewables build?

A policy reversal trimming clean-energy tax credits raises the cost of new solar, wind and storage, slowing the US build-out and pressuring developer and equipment economics.

16%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 16% · 90% range 2–30% · 40 analogues · measured class deflation 69% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — deflation ≈0.3895/yr → 69% in 3 yr69%
Analyst prior · editorial share 20% of the class14%
Pooled · weight 87%16%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)16%
Published16%

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.

loading the timeline…

What it would mean

If this plays out, it is a risk-off shock. A policy reversal trimming clean-energy tax credits raises the cost of new solar, wind and storage, slowing the US build-out and pressuring developer and equipment economics. The trigger decomposes into signed root‑shocks — Clean-energy abundance ▼ · Financial conditions ▲ · Industrial demand ▼ · 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.

MarketClassProjected move
1Energy sector XLEon Hyperliquid 📈 chartEquity▲ +0.8%
hist -0.65–+0.57% · other way -5.5% (n=7)
2Brent crude BRENTon Hyperliquid 📈 chartCommodity▲ +0.7%
hist -2.78–+0.92% · other way -7.74% (n=6)
3ExxonMobil XOM 📈 chartEquity▲ +0.6%
hist -0.45–+0.62% · other way -1.41% (n=12)
4WTI crude CLon Hyperliquid 📈 chartCommodity▲ +0.6%
hist -1.62–+0.74% · other way -4.84% (n=7)
5Solana SOLon Hyperliquid 📈 chartCrypto▼ -0.5%
hist -1.12–+1.49% · other way +4.83% (n=2)
6Ether ETHon Hyperliquid 📈 chartCrypto▼ -0.4%
hist -0.23–-0.1% · other way +9.99% (n=2)
7Hyperliquid (HYPE) HYPEon HyperliquidCrypto▼ -0.4%
model prior · unmeasured
8MicroStrategy MSTRon Hyperliquid 📈 chartEquity▼ -0.4%
hist -1.64–+2.7% · other way +5.75% (n=7)
9Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -0.4%
hist -0.27–+0.02% · other way -0.55% (n=9)
10United Airlines UAL 📈 chartEquity▼ -0.4%
hist -1.4–+2.75% · other way +44.77% (n=7)
11Chevron CVX 📈 chartEquity▲ +0.3%
hist -0.45–+0.37% · other way -2.46% (n=12)
12Freeport (copper) FCX 📈 chartEquity▼ -0.2%
hist -1.28–+0.27% · other way -3.29% (n=7)
13Bitcoin BTCon Hyperliquid 📈 chartCrypto▼ -0.2%
hist -0.22–+0.1% · other way +14.01% (n=2)
14Delta DAL 📈 chartEquity▼ -0.3%
hist -1.08–+2.45% · other way +28.12% (n=6)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
Cash / hedgeRaise cash and hold the long hedges above; this scenario is net risk-off.
For a common-man portfolio: A typical stock-heavy portfolio is at risk. Consider trimming equities, raising cash, and a small cash hedge.
Also moves (not yet on Hyperliquid): ExxonMobil +0.6% · United Airlines -0.4% · Chevron +0.3% · Freeport (copper) -0.2% · Delta -0.3% · Tech sector -0.2%

Historical precedent — what analogous events actually did

Across 40 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.

Henry Hub natural gas hits a 25-year low amid record US production 2024-11 Waha hub natural gas prices crash to record negative on Permian glut 2024-08 PJM grid emergency during Winter Storm Elliott 2022-12 Texas grid failure during Winter Storm Uri 2021-02 WTI crude futures settle negative as demand collapses 2020-04 Oil collapses from $147 to the $30s as the GFC craters demand 2008-12 Northeast blackout cascading grid failure hits ~55 million 2003-08 Soviet August coup attempt against Gorbachev 1991-08 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 Platinum hits an 11-year high on Chinese jewelry demand and deficit 2025-06 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 Palladium jumps after US pushes G7 sanctions on Russian metal 2024-10 Gold tops $2,500 for the first time on Fed rate-cut bets 2024-08 Nikkei 225 record single-day rebound 2024-08 Niger coup d'etat 2023-07 First Republic Bank seized and sold to JPMorgan 2023-05 Regional-bank panic deepens after Signature seizure 2023-03 NIF achieves fusion ignition 2022-12 European TTF gas hits all-time record high 2022-08 Germany agrees Uniper bailout 2022-07 Kaisa Group offshore default 2021-12 California rolling blackouts during a record heatwave 2020-08 Gold closes above $2,000/oz for the first time 2020-08 Norilsk Nickel Arctic diesel spill 2020-05 Saudi-Russia oil price war 2020-03 North Korea sixth nuclear test 2017-09 North Korea 'fire and fury' nuclear scare 2017-08 China rout & circuit-breaker / yuan slide 2016-01 SNB introduces negative interest rates 2014-12 Russian ruble 'Black Tuesday' 2014-12 HYG record outflows in 2014 high-yield rout 2014-10 Mt. Gox collapse 2014-02 Mt. Gox halts withdrawals 2014-02 Gold futures velocity-logic flash crash 2014-01 Cyprus deposit bail-in 2013-03 Spain requests EUR100bn bank bailout 2012-06 Bankia nationalised in Spain's banking crisis 2012-05 Gold all-time peak of $1,921/oz 2011-09 Portugal requests EU-IMF bailout 2011-04 Egyptian revolution / Mubarak uprising 2011-01
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
BRENT BRENTSHORT-2.7% · 5d -2.5%67%38 0.29⚠ differs
FCX FCXSHORT-1.1% · 5d -0.5%64%39 0.26✓ matches cascade
CL CLSHORT-1.7% · 5d -2.4%63%39 0.23⚠ differs
XLE XLESHORT-0.9% · 5d -0.6%61%39 0.20⚠ differs
10y yield DGS10SHORT-2bp · 5d +1bp ↺ fades61%40 0.17·
DAL DALLONG+2.4% · 5d +0.2%58%38 0.14⚠ differs
ETH ETHLONG+0.0% · 5d -4.0% ↺ fades59%22 0.12⚠ differs
Gold XAULONG+0.5% · 5d -0.3% ↺ fades55%39 0.10·
UAL UALLONG+2.8% · 5d -1.0% ↺ fades55%38 0.08⚠ differs
US dollar DXYLONG+0.3% · 5d -0.0% ↺ fades54%40 0.08·
CVX CVXSHORT-0.6% · 5d -0.3%53%40 0.06⚠ differs
XOM XOMSHORT-0.8% · 5d -0.5%52%40 0.04⚠ differs
NDX NDXLONG+0.2% · 5d -0.9% ↺ fades52%40 0.04⚠ differs
SOL SOLLONG+1.8% · 5d -8.8% ↺ fades45%21 0.00⚠ differs

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.