🏛 Central Banks & Macro risk-off · 6–18 months
A what‑if from the future

What if Garment-buyer order shift to Vietnam dents Bangladesh exports?

Western brands diversify sourcing toward Vietnam and India on lead-time and compliance, eroding Bangladesh's order book and dollar earnings; the taka and growth soften.

18%
our model probability
over 6–18 months
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 18% · 90% range 6–29% · 40 analogues · measured class trade_war 87% in 18 mo · 3% held back for the unknown
how we built this number — every step
Measured class rate — trade_war ≈1.3449/yr → 87% in 18 mo87%
Analyst prior · editorial share 21% of the class18%
Pooled · weight 87%18%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)18%
Published18%

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-off shock. Western brands diversify sourcing toward Vietnam and India on lead-time and compliance, eroding Bangladesh's order book and dollar earnings; the taka and growth soften. The trigger decomposes into signed root‑shocks — EM currencies ▼ · Global growth ▼ · Risk appetite ▼ · Trade tension ▲ — 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
1Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▼ -1.1%
hist -0.74–-0.3% · other way -0.29% (n=12)
2Semiconductors SMHon Hyperliquid 📈 chartEquity▼ -1.0%
hist -0.77–+0.34% · other way +2.4% (n=12)
3Nvidia NVDAon Hyperliquid 📈 chartEquity▼ -0.8%
hist -2.21–+3.24% · other way +4.34% (n=12)
4TSMC TSMon Hyperliquid 📈 chartEquity▼ -0.8%
hist -0.76–+0.53% · other way +3.35% (n=12)
5Tech sector XLK 📈 chartEquity▼ -0.8%
hist -0.63–+0.21% · other way -0.38% (n=12)
6Chinese yuan CNY 📈 chartFX▼ -0.7%
hist -0.63–-0.11% · other way -0.81% (n=12)
7AMD AMDon Hyperliquid 📈 chartEquity▼ -0.7%
hist -1.25–+1.55% · other way -1.13% (n=12)
8Broadcom AVGOon Hyperliquid 📈 chartEquity▼ -0.7%
hist -1.11–+2.06% · other way +1.14% (n=12)
9Micron MUon Hyperliquid 📈 chartEquity▼ -0.7%
hist -3.39–+0.68% · other way +5.45% (n=12)
10Marvell MRVLon Hyperliquid 📈 chartEquity▼ -0.7%
hist -0.62–+0.39% · other way +1.84% (n=12)
11Turkish lira TRY 📈 chartFX▼ -0.6%
hist -2.52–+0.33% · other way -0.25% (n=12)
12Solana SOLon Hyperliquid 📈 chartCrypto▼ -0.6%
hist -5.01–+1.35% · other way -1.0% (n=12)
13ASML ASMLon Hyperliquid 📈 chartEquity▼ -0.6%
hist -3.47–+1.28% · other way -0.64% (n=12)
14Alibaba BABAon Hyperliquid 📈 chartEquity▼ -0.6%
hist -1.11–+0.16% · other way -2.98% (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 cash hedge.
Also moves (not yet on Hyperliquid): Tech sector -0.8% · Chinese yuan -0.7% · Turkish lira -0.6% · Indian rupee -0.5% · Aussie dollar -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.

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 Chinese yuan breaks 7 per dollar; US names China manipulator 2019-08 Mexican peso crash on Trump 2016 win 2016-11 August 24, 2015 ETF flash crash 2015-08 Greece first EU/IMF bailout 2010-05 Smoot-Hawley clears the US House 1929-05 Record $19bn crypto liquidation cascade 2025-10 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10 US-China extend tariff truce by another 90 days 2025-08 Trump's 50% copper tariff sends Comex copper to a record 2025-07 Israel strikes Iran — Operation Rising Lion 2025-06 US and China agree Geneva tariff truce, slashing rates 2025-05 Tariff-pause record rally and VIX collapse 2025-04 Trump signs 25% Section 232 tariff on imported automobiles 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 Weak July 2024 jobs report triggers Sahm-rule growth scare 2024-08 Intel's Q2 earnings trigger its worst single-day crash since 1974 2024-08 Megacap AI-capex doubt selloff 2024-07 India slashes gold import duty from 15% to 6% in 2024 budget 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 Brookfield defaults on LA office towers 2023-02 India Adani-Hindenburg rout 2023-01 TSMC cuts 2023 capex on chip-demand downturn 2023-01 Solana craters toward $8 on FTX/Alameda overhang 2022-12
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
INTC INTCSHORT-6.4% · 5d -3.8%74%39 0.48✓ matches cascade
SPX SPXLONG+0.8% · 5d -0.1% ↺ fades67%39 0.31⚠ differs
TRY TRYSHORT-1.9% · 5d +0.6% ↺ fades70%39 0.30✓ matches cascade
ETH ETHSHORT-6.2% · 5d -5.4%69%36 0.29✓ matches cascade
Gold XAULONG+1.3% · 5d +0.0%65%39 0.26·
QCOM QCOMSHORT-3.2% · 5d -2.5%67%39 0.25✓ matches cascade
MU MUSHORT-2.7% · 5d -2.9%65%39 0.23✓ matches cascade
SOL SOLSHORT-4.3% · 5d -6.5%62%35 0.18✓ matches cascade
INR INRSHORT-0.2% · 5d +0.0% ↺ fades60%39 0.16✓ matches cascade
AVGO AVGOLONG+2.2% · 5d -1.7% ↺ fades58%39 0.15⚠ differs
US dollar DXYSHORT-0.3% · 5d +0.1% ↺ fades58%39 0.15⚠ differs
EURUSD EURUSDLONG+0.1% · 5d -0.1% ↺ fades58%39 0.14⚠ differs
CNY CNYSHORT-0.2% · 5d -0.2%56%39 0.11✓ matches cascade
SMH SMHLONG+0.8% · 5d -0.4% ↺ fades56%39 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.