⚔ Geopolitics risk-on · 6–18 months
A what‑if from the future

What if Europe backfills the US aid gap for Kyiv?

The EU and UK assemble a multi-year funding and munitions package that replaces lapsed US support, stabilizing the front and capping the European war-risk premium.

20%
our model probability
over 6–18 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 20% · 90% range 7–32% · 40 analogues · measured class defense 84% in 18 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — defense ≈1.2155/yr → 84% in 18 mo84%
Analyst prior · editorial share 24% of the class20%
Pooled · weight 87%20%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)20%
Published20%

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.

loading the timeline…

What it would mean

If this plays out, it is a risk-on shock. The EU and UK assemble a multi-year funding and munitions package that replaces lapsed US support, stabilizing the front and capping the European war-risk premium. The trigger decomposes into signed root‑shocks — Defense spending ▲ · European energy ▼ · 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▼ -3.9%
hist -2.72–-1.3% · other way -0.31% (n=12)
2Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▲ +1.6%
hist -0.08–+0.78% · other way -0.1% (n=12)
3Tech sector XLK 📈 chartEquity▲ +1.1%
hist +0.36–+0.62% · other way -0.51% (n=11)
4S&P 500 SPXon Hyperliquid 📈 chartIndex▲ +0.8%
hist +0.23–+0.56% · other way -0.13% (n=12)
5MicroStrategy MSTRon Hyperliquid 📈 chartEquity▲ +0.7%
hist -0.36–+1.72% · other way +1.26% (n=11)
6Solana SOLon Hyperliquid 📈 chartCrypto▲ +0.6%
hist -2.81–+5.13% · other way -3.68% (n=7)
7Semiconductors SMHon Hyperliquid 📈 chartEquity▲ +0.7%
hist -0.28–+0.4% · other way -2.68% (n=11)
8Hyperliquid (HYPE) HYPEon HyperliquidCrypto▲ +0.5%
model prior · unmeasured
9Ether ETHon Hyperliquid 📈 chartCrypto▲ +0.5%
hist -0.9–+2.4% · other way -1.99% (n=8)
10Lockheed LMT 📈 chartEquity▲ +0.5%
hist -0.31–+1.37% · other way +0.55% (n=12)
11Nvidia NVDAon Hyperliquid 📈 chartEquity▲ +0.5%
hist -1.87–+0.8% · other way -1.96% (n=11)
12Bitcoin BTCon Hyperliquid 📈 chartCrypto▲ +0.4%
hist -0.56–+0.48% · other way +1.07% (n=10)
13Northrop NOC 📈 chartEquity▲ +0.4%
hist -0.2–+0.99% · other way +4.28% (n=12)
14High-yield credit HYG 📈 chartRate▲ +0.4%
hist -0.51–+0.34% · other way +2.24% (n=11)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
For a common-man portfolio: A typical stock-heavy portfolio should benefit. Stay invested; you can lean modestly into the beneficiaries below.
Also moves (not yet on Hyperliquid): Tech sector +1.1% · Lockheed +0.5% · Northrop +0.4% · High-yield credit +0.4% · Financials +0.2% · JPMorgan +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.

Israel strikes Iran — Operation Rising Lion 2025-06 Israel kills Hezbollah leader Hassan Nasrallah in Beirut strike 2024-09 Hezbollah pager and device explosions across Lebanon 2024-09 Ukrainian drone strikes hit Russian refineries, lifting crude and gasoline 2024-03 OPEC abandons output defense, opting for market share vs US shale 2014-11 Iraq invasion 2003 relief rally 2003-03 Operation Desert Storm begins 1991-01 Operation Sindoor: India strikes Pakistan after Pahalgam attack 2025-05 China retaliates to Liberation Day: 34% tariffs + rare-earth controls 2025-04 April 2024 Iranian drone-and-missile barrage on Israel 2024-04 Gabon coup d'etat 2023-08 Niger coup d'etat 2023-07 ExxonMobil posts most profitable year for any US oil company 2023-01 Nord Stream pipeline sabotage 2022-09 European TTF gas hits all-time record high 2022-08 US-led 240-million-barrel SPR release answers the Ukraine spike 2022-03 Houthi drone-and-missile strike on Aramco's Jeddah depot 2022-03 Houthi drone-and-missile attack on Abu Dhabi oil sites lifts Brent to 7-year high 2022-01 Myanmar military coup 2021-02 Saudi-Russia oil price war 2020-03 Abqaiq-Khurais strike triggers the biggest Brent spike on record 2019-09 Houthi drones strike Saudi East-West crude pipeline 2019-05 India's Balakot airstrike inside Pakistan 2019-02 Pulwama attack ignites India-Pakistan crisis 2019-02 Saudi riyal forward points spike on de-peg fears 2016-01 Thailand 2014 military coup 2014-05 Libya civil war halts output and lifts Brent above $100 2011-02 2006 Lebanon War oil spike 2006-07 Venezuela coup attempt against Hugo Chávez 2002-04 2001 Indian Parliament attack 2001-12 Kargil War begins 1999-05 OPEC and non-OPEC Vienna pact ends the 1998 price war 1999-03 Hong Kong HKMA market intervention against speculators 1998-08 Third Taiwan Strait Crisis 1996-03 Black Wednesday / ERM crisis 1992-09 Soviet August coup attempt against Gorbachev 1991-08 1986 oil price collapse 1986-02 OPEC abandons price defense for a market-share strategy 1985-12 Anwar Sadat assassinated 1981-10 Iran-Iraq War outbreak 1980-09
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
MRVL MRVLSHORT-2.3% · 5d -3.4%73%29 0.33⚠ differs
COIN COINLONG+7.1% · 5d +2.1%71%15 0.32✓ matches cascade
QCOM QCOMSHORT-2.2% · 5d -2.2%68%34 0.30⚠ differs
JPM JPMLONG+2.7% · 5d -0.3% ↺ fades66%40 0.28✓ matches cascade
NDX NDXSHORT-0.6% · 5d -0.7%65%38 0.23⚠ differs
US dollar DXYLONG+0.4% · 5d +0.4%62%40 0.22⚠ differs
NVDA NVDASHORT-1.9% · 5d -4.5%63%31 0.21⚠ differs
EURUSD EURUSDSHORT-0.5% · 5d -0.2%63%26 0.21⚠ differs
SMH SMHSHORT-0.5% · 5d -1.6%62%29 0.20⚠ differs
High-yield credit HYGSHORT-0.7% · 5d -0.1%64%25 0.20⚠ differs
AMD AMDSHORT-1.2% · 5d -2.3%62%40 0.19⚠ differs
10y yield DGS10LONG+5bp · 5d +6bp60%40 0.19·
TSM TSMSHORT-0.6% · 5d -3.2%60%32 0.15⚠ differs
INTC INTCSHORT-2.8% · 5d -1.3%57%40 0.13⚠ 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.