🛢 Energy & Commodities risk-off · 0–6 months
A what‑if from the future

What if Coordinated substation attack causes a regional grid outage?

A coordinated physical attack on key substations knocks out power to a metro region for days, exposing grid-security gaps; the event spikes volatility and accelerates mandated hardening capex.

9%
our model probability
over 0–6 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 9% · 90% range 0–19% · 40 analogues · measured class vol_spike 31% in 6 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — vol_spike ≈0.7371/yr → 31% in 6 mo31%
Analyst prior · editorial share 32% of the class10%
Pooled · weight 87%10%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)10%
Published9%

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 coordinated physical attack on key substations knocks out power to a metro region for days, exposing grid-security gaps; the event spikes volatility and accelerates mandated hardening capex. The trigger decomposes into signed root‑shocks — Volatility (VIX) ▲ · Financial conditions ▲ · Geopolitical 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
1Volatility (VIX) VIXon Hyperliquid 📈 chartVol▲ +5.6%
hist +2.01–+3.47% · other way -6.26% (n=12)
2Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -2.3%
hist -1.42–-0.78% · other way +0.54% (n=12)
3Tech sector XLK 📈 chartEquity▼ -1.6%
hist -0.99–-0.54% · other way +0.44% (n=12)
4Solana SOLon Hyperliquid 📈 chartCrypto▼ -1.3%
hist -3.95–+4.97% · other way +0.66% (n=11)
5S&P 500 SPXon Hyperliquid 📈 chartIndex▼ -1.2%
hist -0.65–+0.0% · other way -2.16% (n=12)
6MicroStrategy MSTRon Hyperliquid 📈 chartEquity▼ -1.3%
hist -1.16–+0.33% · other way +24.14% (n=12)
7Hyperliquid (HYPE) HYPEon HyperliquidCrypto▼ -1.0%
model prior · unmeasured
8Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -1.1%
hist -0.79–+0.31% · other way +2.67% (n=12)
9Ether ETHon Hyperliquid 📈 chartCrypto▼ -0.9%
hist -4.35–+1.36% · other way +8.23% (n=11)
10Bitcoin BTCon Hyperliquid 📈 chartCrypto▼ -0.7%
hist -0.76–-0.08% · other way +6.85% (n=11)
11High-yield credit HYG 📈 chartRate▼ -0.7%
hist -0.62–-0.14% · other way -0.11% (n=12)
12Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -0.8%
hist -0.94–-0.06% · other way +1.41% (n=12)
13Gold XAUon Hyperliquid 📈 chartCommodity▲ +0.6%
hist -0.01–+0.85% · other way -1.03% (n=12)
14AMD AMDon Hyperliquid 📈 chartEquity▼ -0.7%
hist -0.48–-0.18% · other way -0.25% (n=12)

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): Tech sector -1.6% · High-yield credit -0.7% · Financials -0.4% · JPMorgan -0.4% · Lockheed +0.4% · Northrop +0.3%

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.

Israel strikes Iran — Operation Rising Lion 2025-06 Niger coup d'etat 2023-07 North Korea 'fire and fury' nuclear scare 2017-08 Thailand 2014 military coup 2014-05 Egyptian revolution / Mubarak uprising 2011-01 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 October 2024 Iranian ballistic-missile attack on Israel 2024-10 VIX third-highest spike on record 2024-08 Gabon coup d'etat 2023-08 Wagner Group mutiny against the Kremlin 2023-06 First Republic Bank seized and sold to JPMorgan 2023-05 Regional-bank panic deepens after Signature seizure 2023-03 PJM grid emergency during Winter Storm Elliott 2022-12 Nord Stream pipeline sabotage 2022-09 Germany agrees Uniper bailout 2022-07 Kaisa Group offshore default 2021-12 Evergrande debt crisis - global selloff 2021-09 Texas grid failure during Winter Storm Uri 2021-02 Myanmar military coup 2021-02 California rolling blackouts during a record heatwave 2020-08 COVID-19 fourth circuit breaker 2020-03 Saudi-Russia oil price war 2020-03 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 Worst Christmas Eve selloff on record 2018-12 Bitcoin Cash hash war capitulation 2018-11 February 2018 hot wage print triggers rate scare 2018-02 North Korea sixth nuclear test 2017-09 China-led global 'Black Monday' rout 2015-08 OPEC abandons output defense, opting for market share vs US shale 2014-11 HYG record outflows in 2014 high-yield rout 2014-10 Mt. Gox collapse 2014-02 Mt. Gox halts withdrawals 2014-02 Cyprus deposit bail-in 2013-03 Spain requests EUR100bn bank bailout 2012-06 SEC approves Limit Up-Limit Down plan and revised market-wide circuit breakers 2012-05 Bankia nationalised in Spain's banking crisis 2012-05 US-downgrade Black Monday equity rout and VIX spike to 48 2011-08 Portugal requests EU-IMF bailout 2011-04 Greece first EU/IMF bailout 2010-05
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
RTX RTXSHORT-1.4% · 5d -1.3%67%40 0.28⚠ differs
COIN COINLONG+9.1% · 5d +2.3%66%15 0.27⚠ differs
10y yield DGS10LONG+4bp · 5d +1bp66%40 0.26·
SPX SPXLONG+0.4% · 5d -0.5% ↺ fades62%40 0.22⚠ differs
MRVL MRVLSHORT-0.8% · 5d -1.5%64%40 0.22✓ matches cascade
NOC NOCLONG+1.0% · 5d -1.0% ↺ fades61%40 0.17✓ matches cascade
TRY TRYSHORT-0.6% · 5d +1.1% ↺ fades62%40 0.17✓ matches cascade
QCOM QCOMSHORT-3.5% · 5d -2.0%61%40 0.16✓ matches cascade
US dollar DXYLONG+0.4% · 5d +0.1%60%40 0.16✓ matches cascade
INR INRSHORT-0.5% · 5d +0.1% ↺ fades60%40 0.16✓ matches cascade
Bitcoin BTCSHORT-0.4% · 5d -3.0%57%29 0.13✓ matches cascade
AVGO AVGOLONG+2.7% · 5d -0.6% ↺ fades56%40 0.12⚠ differs
NVDA NVDASHORT-0.5% · 5d -2.8%58%40 0.11✓ matches cascade
SMH SMHLONG+0.7% · 5d -0.1% ↺ fades56%40 0.10⚠ 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.