🏛 Central Banks & Macro risk-off · 0–6 months
A what‑if from the future

What if a sharp oil-price drop sends the Colombian peso plunging?

A sharp oil-price drop sends the petro-sensitive Colombian peso plunging, importing inflation and forcing the central bank to slow easing or intervene.

5%
our model probability
over 0–6 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 5% · 90% range 0–14% · 40 analogues · measured class deflation 18% in 6 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — deflation ≈0.3895/yr → 18% in 6 mo18%
Analyst prior · editorial share 28% of the class5%
Pooled · weight 87%5%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)5%
Published5%

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 0–6 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.

loading the timeline…

What it would mean

If this plays out, it is a risk-off shock. A sharp oil-price drop sends the petro-sensitive Colombian peso plunging, importing inflation and forcing the central bank to slow easing or intervene. The trigger decomposes into signed root‑shocks — US dollar (DXY) ▲ · EM currencies ▼ · Oil supply risk ▼ · 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
1Brent crude BRENTon Hyperliquid 📈 chartCommodity▼ -2.4%
hist -7.4–-0.11% · other way +2.53% (n=5)
2WTI crude CLon Hyperliquid 📈 chartCommodity▼ -2.0%
hist -8.04–+0.04% · other way -2.0% (n=6)
3Energy sector XLEon Hyperliquid 📈 chartEquity▼ -1.4%
hist -3.26–+0.09% · other way +0.53% (n=6)
4Turkish lira TRY 📈 chartFX▼ -1.0%
hist -1.44–+0.01% · other way +3.78% (n=5)
5Indian rupee INR 📈 chartFX▼ -0.9%
hist -0.56–-0.28% · other way +1.34% (n=5)
6United Airlines UAL 📈 chartEquity▲ +1.2%
hist -0.25–+2.13% · other way +29.29% (n=5)
7ExxonMobil XOM 📈 chartEquity▼ -1.0%
hist -2.01–+0.22% · other way +1.36% (n=12)
8Chevron CVX 📈 chartEquity▼ -0.9%
hist -2.69–+0.37% · other way -1.11% (n=12)
9Delta DAL 📈 chartEquity▲ +1.0%
hist -0.38–+0.69% · other way +19.73% (n=5)
10Solana SOLon Hyperliquid 📈 chartCrypto▼ -0.6%
hist -9.85–+1.64% · other way +1.57% (n=3)
11Chinese yuan CNY 📈 chartFX▼ -0.5%
hist -0.62–-0.04% · other way -0.25% (n=6)
12MicroStrategy MSTRon Hyperliquid 📈 chartEquity▼ -0.5%
hist -1.5–+2.22% · other way -9.38% (n=6)
13Hyperliquid (HYPE) HYPEon HyperliquidCrypto▼ -0.4%
model prior · unmeasured
14Ether ETHon Hyperliquid 📈 chartCrypto▼ -0.4%
hist -8.64–+1.95% · other way -6.94% (n=3)

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 gold hedge.
Also moves (not yet on Hyperliquid): Turkish lira -1.0% · Indian rupee -0.9% · United Airlines +1.2% · ExxonMobil -1.0% · Chevron -0.9% · Delta +1.0%

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 Saudi-Russia oil price war 2020-03 China stock-market circuit-breaker fiasco 2016-01 SNB introduces negative interest rates 2014-12 Russian ruble 'Black Tuesday' 2014-12 Louvre Accord 1987-02 1986 oil price collapse 1986-02 Iranian Revolution oil shock 1978-12 US intervention removes Maduro in Venezuela 2026-01 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 Israel strikes Iran — Operation Rising Lion 2025-06 China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 Gold tops $3,000 for the first time amid tariff and rate-cut fears 2025-03 Tesla shares crater on DOGE political backlash and Europe sales collapse 2025-03 TSMC slumps as DeepSeek roils AI-chip demand assumptions 2025-02 Micron's weak FQ2 guidance sparks a sharp December selloff 2024-12 ASML bookings-miss crash 2024-10 October 2024 Iranian ballistic-missile attack on Israel 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 Nikkei 225 worst single-day crash since 1987 2024-08 KOSPI biggest-ever point loss triggers circuit breaker 2024-08 VIX third-highest spike on record 2024-08 Intel's Q2 earnings trigger its worst single-day crash since 1974 2024-08 Megacap AI-capex doubt selloff 2024-07 Trump 'Taiwan should pay for defense' chip selloff 2024-07 India's Modi loses single-party majority 2024-06 Mexico's Sheinbaum landslide + supermajority scare 2024-06 Wagner Group mutiny against the Kremlin 2023-06 Turkish lira hits record low after Erdogan re-election 2023-05 First Republic Bank seized and sold to JPMorgan 2023-05 Regional-bank panic deepens after Signature seizure 2023-03 India Adani-Hindenburg rout 2023-01 Solana craters toward $8 on FTX/Alameda overhang 2022-12 Offshore yuan hits a record low 2022-11 CoinDesk exposes Alameda's FTT-heavy balance sheet 2022-11 August 2022 hot CPI 2022-09 Powell's hawkish 'pain' speech at Jackson Hole 2022-08 China fires ballistic missiles into Japan's EEZ during Taiwan drills 2022-08
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
BRENT BRENTSHORT-5.2% · 5d -2.5%81%37 0.54✓ matches cascade
CL CLSHORT-5.8% · 5d -2.8%81%37 0.51✓ matches cascade
XLE XLESHORT-2.3% · 5d -1.6%74%37 0.42✓ matches cascade
MU MUSHORT-5.6% · 5d -3.1%74%39 0.40✓ matches cascade
SOL SOLSHORT-8.1% · 5d -8.9%71%33 0.34✓ matches cascade
CVX CVXSHORT-2.0% · 5d -1.4%65%40 0.28✓ matches cascade
ETH ETHSHORT-7.4% · 5d -6.8%68%34 0.27✓ matches cascade
Bitcoin BTCSHORT-4.2% · 5d -4.6%67%37 0.27✓ matches cascade
CNY CNYSHORT-0.3% · 5d -0.3%62%37 0.23✓ matches cascade
MRVL MRVLLONG+3.9% · 5d -1.9% ↺ fades64%37 0.23⚠ differs
AMD AMDSHORT-1.0% · 5d -1.7%63%39 0.21✓ matches cascade
Gold XAULONG+1.2% · 5d -0.7% ↺ fades62%37 0.20✓ matches cascade
ARM ARMSHORT-5.5% · 5d -6.3%62%22 0.19⚠ differs
XOM XOMSHORT-1.4% · 5d -1.6%60%40 0.18✓ matches cascade

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.