⚔ Geopolitics risk-on · 3–10 years
A what‑if from the future

What if KMT 2028 win ushers in a cross-strait economic thaw?

A KMT presidential victory restarts cross-strait dialogue, tourism and ECFA-style trade flows; Taiwan equities and TWD rerate higher on lower invasion risk, regional risk appetite improves.

34%
our model probability
over 3–10 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 34% · 90% range 20–48% · 40 analogues · measured class tech_ai_bull 94% in 10 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — tech_ai_bull ≈0.2842/yr → 94% in 10 yr94%
Analyst prior · editorial share 35% of the class33%
Pooled · weight 87%35%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)35%
Published34%

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 3–10 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.

loading the timeline…

What it would mean

If this plays out, it is a risk-on shock. A KMT presidential victory restarts cross-strait dialogue, tourism and ECFA-style trade flows; Taiwan equities and TWD rerate higher on lower invasion risk, regional risk appetite improves. The trigger decomposes into signed root‑shocks — China growth ▲ · Geopolitical risk ▼ · Risk appetite ▲ · Semiconductor supply risk ▼ — 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▼ -6.6%
hist -4.05–-1.34% · other way -7.19% (n=12)
2Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▲ +2.7%
hist +0.84–+1.71% · other way -0.95% (n=12)
3Tech sector XLK 📈 chartEquity▲ +1.9%
hist +0.46–+0.89% · other way -0.57% (n=12)
4Semiconductors SMHon Hyperliquid 📈 chartEquity▲ +1.6%
hist +0.09–+2.03% · other way -1.57% (n=12)
5TSMC TSMon Hyperliquid 📈 chartEquity▲ +1.5%
hist +0.03–+1.98% · other way -1.02% (n=12)
6S&P 500 SPXon Hyperliquid 📈 chartIndex▲ +1.5%
hist +0.09–+1.89% · other way +1.48% (n=12)
7Nvidia NVDAon Hyperliquid 📈 chartEquity▲ +1.4%
hist -1.29–+4.79% · other way -3.03% (n=12)
8MicroStrategy MSTRon Hyperliquid 📈 chartEquity▲ +1.4%
hist -5.3–+18.97% · other way +3.61% (n=12)
9Solana SOLon Hyperliquid 📈 chartCrypto▲ +1.3%
hist -10.45–+1.44% · other way -13.33% (n=12)
10ASML ASMLon Hyperliquid 📈 chartEquity▲ +1.0%
hist -3.14–+0.99% · other way -2.85% (n=12)
11Hyperliquid (HYPE) HYPEon HyperliquidCrypto▲ +1.0%
model prior · unmeasured
12AMD AMDon Hyperliquid 📈 chartEquity▲ +1.1%
hist -2.39–+1.06% · other way -4.94% (n=12)
13Broadcom AVGOon Hyperliquid 📈 chartEquity▲ +1.1%
hist -0.78–+3.5% · other way +1.53% (n=12)
14Micron MUon Hyperliquid 📈 chartEquity▲ +1.1%
hist -0.93–+1.02% · other way -3.86% (n=12)

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 +1.9% · High-yield credit +0.8% · Financials +0.5% · JPMorgan +0.4% · Aussie dollar +0.4% · Lockheed -0.5%

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.

Platinum hits an 11-year high on Chinese jewelry demand and deficit 2025-06 Neuralink implants its first human brain-computer interface 2024-01 Nvidia AI-guidance blowout ignites the automation/AI capex wave 2023-05 OpenAI releases GPT-4 2023-03 ChatGPT launches 2022-11 AlphaFold cracks the protein-folding problem 2020-11 AlphaGo defeats Lee Sedol 2016-03 India RBI growth-pivot rate cut 2025-12 Record $19bn crypto liquidation cascade 2025-10 Bitcoin tops $111,970 for a new all-time high 2025-05 US bars Nvidia H20 AI-chip exports to China 2025-04 TSMC slumps as DeepSeek roils AI-chip demand assumptions 2025-02 DeepSeek shock crushes AI-power utilities Vistra and Constellation 2025-01 Nasdaq Composite first close above 20000 2024-12 Marvell's Q3 FY2025 AI-silicon results drive a record surge 2024-12 US October 2022 advanced-computing chip rules tighten further 2024-12 S&P 500 first close above 6000 2024-11 Palladium jumps after US pushes G7 sanctions on Russian metal 2024-10 TSMC's Q3 2024 blowout lifts shares on surging AI demand 2024-10 China 'bazooka' stimulus package 2024-09 Nvidia slips despite a Q2 FY2025 earnings beat 2024-08 China imposes antimony export controls 2024-08 Nikkei 225 record single-day rebound 2024-08 Megacap AI-capex doubt selloff 2024-07 Nvidia becomes world's most valuable company 2024-06 Alphabet announces its first-ever dividend 2024-04 Ukrainian drone strikes hit Russian refineries, lifting crude and gasoline 2024-03 Nikkei 225 surpasses its 1989 bubble peak 2024-02 S&P 500 first close above 5000 2024-02 ARM's first earnings as a public company spark a huge rally 2024-02 Evergrande ordered to liquidate 2024-01 Nifty 50 first crosses 20000 2023-09 Netherlands restricts ASML DUV lithography exports to China 2023-09 LK-99 room-temperature superconductor claim 2023-07 China imposes gallium and germanium export controls 2023-07 Nifty 50 first crosses 19000 2023-06 Strong May 2023 jobs report jolts yields higher 2023-06 China bars Micron from critical infrastructure after security review 2023-05 TSMC cuts 2023 capex on chip-demand downturn 2023-01 Lithium carbonate price peaks near 597,000 RMB/t 2022-11
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
SOL SOLSHORT-8.7% · 5d -6.2%78%39 0.39⚠ differs
LMT LMTSHORT-3.0% · 5d -2.6%74%40 0.37✓ matches cascade
RTX RTXSHORT-2.0% · 5d -2.0%68%40 0.35✓ matches cascade
SPX SPXLONG+1.1% · 5d +0.4%70%40 0.34✓ matches cascade
QCOM QCOMSHORT-2.3% · 5d -1.8%72%40 0.32⚠ differs
ASML ASMLSHORT-3.0% · 5d -1.6%70%40 0.30⚠ differs
INTC INTCSHORT-2.2% · 5d -2.3%66%40 0.28⚠ differs
JPM JPMLONG+0.7% · 5d -0.9% ↺ fades68%40 0.26✓ matches cascade
10y yield DGS10LONG+9bp · 5d 0bp ↺ fades66%40 0.24·
MSTR MSTRLONG+16.5% · 5d +2.1%62%40 0.23✓ matches cascade
AMD AMDSHORT-2.5% · 5d -1.5%66%40 0.23⚠ differs
XLK XLKSHORT-0.1% · 5d -0.5%64%40 0.21⚠ differs
NOC NOCSHORT-1.2% · 5d -2.0%64%40 0.21✓ matches cascade
CNY CNYSHORT-0.2% · 5d +0.0% ↺ fades60%40 0.19⚠ 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.