What if a compound climate disaster fails crops and infrastructure at once?
A compound climate event is a soft-commodity shock first: wheat and corn rally on yield loss, feeding food CPI, with water-intensive fabs a secondary disruption. Closest grain-spike analogues are the 2010-11 Russian heatwave/export-ban surge and the 2012 US Midwest drought, both of which sent wheat and corn sharply higher. Forward angle: the semis-via-water-stress link in the cascade is thin and over-broad — the actionable, high-conviction leg is grains and fertilizer, not the chip complex, which water scarcity affects only at extreme localized stress.
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-off shock. A compound climate event causes simultaneous crop and infrastructure failures. The trigger decomposes into signed root‑shocks — Climate/crop supply ▲ · 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 | Wheat WHEATon Hyperliquid 📈 chart | Commodity | ▲ +1.0% hist -1.16–+1.88% · other way -3.11% (n=11) |
| 2 | Corn CORNon Hyperliquid 📈 chart | Commodity | ▲ +0.9% hist -0.52–+2.19% · other way -2.77% (n=11) |
| 3 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.5% hist -7.28–+6.52% · other way -3.07% (n=10) |
| 4 | Semiconductors SMHon Hyperliquid 📈 chart | Equity | ▼ -0.4% hist -0.46–+0.03% · other way +2.87% (n=11) |
| 5 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.4% model prior · unmeasured |
| 6 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.4% hist -2.35–+1.37% · other way +30.63% (n=11) |
| 7 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.4% hist -7.22–+6.8% · other way +5.06% (n=10) |
| 8 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.3% hist -0.53–+0.29% · other way -0.38% (n=11) |
| 9 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▲ +0.3% hist -4.67–+12.61% · other way -0.1% (n=11) |
| 10 | Nvidia NVDAon Hyperliquid 📈 chart | Equity | ▼ -0.3% hist -0.73–+0.24% · other way +5.24% (n=11) |
| 11 | Natural gas NGon Hyperliquid 📈 chart | Commodity | ▲ +0.2% hist -2.33–+3.66% · other way +10.05% (n=11) |
| 12 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.2% hist -4.12–+4.0% · other way +6.9% (n=10) |
| 13 | AMD AMDon Hyperliquid 📈 chart | Equity | ▼ -0.2% hist -0.24–-0.04% · other way -1.4% (n=11) |
| 14 | Broadcom AVGOon Hyperliquid 📈 chart | Equity | ▼ -0.2% hist -0.49–+0.1% · other way +2.33% (n=11) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 19 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 |
|---|---|---|---|---|---|---|
| Volatility VIX | LONG | +11.7% · 5d +2.5% | 77% | 13 | 0.44 | ✓ matches cascade |
| CORN CORN | LONG | +1.6% · 5d -1.4% ↺ fades | 67% | 12 | 0.29 | ✓ matches cascade |
| COIN COIN | SHORT | -9.5% · 5d -3.7% | 67% | 3 | 0.24 | ✓ matches cascade |
| TSM TSM | SHORT | -2.6% · 5d -2.3% | 67% | 12 | 0.23 | ✓ matches cascade |
| AVGO AVGO | SHORT | -0.3% · 5d -2.5% | 60% | 10 | 0.17 | ✓ matches cascade |
| WHEAT WHEAT | SHORT | -1.9% · 5d -4.4% | 58% | 12 | 0.15 | ⚠ differs |
| SMH SMH | LONG | +0.2% · 5d -1.1% ↺ fades | 58% | 12 | 0.14 | ⚠ differs |
| MRVL MRVL | LONG | +4.3% · 5d -0.1% ↺ fades | 58% | 12 | 0.14 | ⚠ differs |
| NG NG | LONG | +3.6% · 5d -2.5% ↺ fades | 58% | 12 | 0.13 | ✓ matches cascade |
| XLK XLK | LONG | +0.6% · 5d -0.8% ↺ fades | 58% | 12 | 0.13 | ⚠ differs |
| QCOM QCOM | SHORT | -1.7% · 5d -2.3% | 58% | 12 | 0.11 | ✓ matches cascade |
| NDX NDX | LONG | +0.5% · 5d -0.9% ↺ fades | 55% | 14 | 0.08 | ⚠ differs |
| 10y yield DGS10 | SHORT | -3bp · 5d -1bp | 51% | 19 | 0.02 | · |
| SOL SOL | LONG | +7.2% · 5d -4.3% ↺ fades | 50% | 4 | 0.00 | ⚠ differs |
Why this probability
Compound climate shocks rising but simultaneous crop+infra failure at scale still infrequent. A base‑rate‑anchored prior, continuously scored against what actually happens — not a forecast.