🏛 Central Banks & Macro risk-on · 1–3 years
A what‑if from the future

What if KRW rallies as a Peninsula thaw and chip cycle align?

Simultaneous North Korea de-escalation and a memory-chip upcycle drive heavy foreign inflows into Korea; KRW and KOSPI rally, semiconductor supply fear eases, regional carry improves.

31%
our model probability
over 1–3 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 31% · 90% range 12–50% · 40 analogues · measured class tech_ai_bull 57% in 3 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — tech_ai_bull ≈0.2842/yr → 57% in 3 yr57%
Analyst prior · editorial share 56% of the class32%
Pooled · weight 87%32%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)32%
Published31%

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.

loading the timeline…

What it would mean

If this plays out, it is a risk-on shock. Simultaneous North Korea de-escalation and a memory-chip upcycle drive heavy foreign inflows into Korea; KRW and KOSPI rally, semiconductor supply fear eases, regional carry improves. The trigger decomposes into signed root‑shocks — FX carry appetite ▲ · 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▼ -5.3%
hist -5.55–-0.85% · other way +3.04% (n=12)
2Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▲ +2.2%
hist +0.74–+1.61% · other way +0.62% (n=12)
3Tech sector XLK 📈 chartEquity▲ +1.6%
hist +0.35–+1.44% · other way +1.18% (n=10)
4TSMC TSMon Hyperliquid 📈 chartEquity▲ +1.4%
hist -0.05–+0.93% · other way +2.4% (n=11)
5Semiconductors SMHon Hyperliquid 📈 chartEquity▲ +1.4%
hist -0.06–+1.99% · other way +0.84% (n=10)
6Nvidia NVDAon Hyperliquid 📈 chartEquity▲ +1.3%
hist -0.27–+2.3% · other way -0.7% (n=10)
7S&P 500 SPXon Hyperliquid 📈 chartIndex▲ +1.2%
hist +0.07–+1.52% · other way +0.02% (n=12)
8MicroStrategy MSTRon Hyperliquid 📈 chartEquity▲ +1.3%
hist -5.45–+2.25% · other way +4.65% (n=11)
9Solana SOLon Hyperliquid 📈 chartCrypto▲ +1.1%
hist -13.43–+0.19% · other way -2.22% (n=4)
10Hyperliquid (HYPE) HYPEon HyperliquidCrypto▲ +0.9%
model prior · unmeasured
11ASML ASMLon Hyperliquid 📈 chartEquity▲ +0.9%
hist -0.85–+1.01% · other way -1.42% (n=11)
12AMD AMDon Hyperliquid 📈 chartEquity▲ +0.9%
hist -0.9–+0.58% · other way +7.73% (n=12)
13Broadcom AVGOon Hyperliquid 📈 chartEquity▲ +0.9%
hist -0.27–+2.15% · other way +9.4% (n=6)
14Micron MUon Hyperliquid 📈 chartEquity▲ +0.9%
hist -0.45–+2.14% · other way -3.52% (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 +1.6% · High-yield credit +0.6% · Financials +0.4% · JPMorgan +0.4% · Aussie dollar +0.3% · Lockheed -0.4%

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.

TSMC slumps as DeepSeek roils AI-chip demand assumptions 2025-02 Nikkei 225 record single-day rebound 2024-08 Nikkei 225 worst single-day crash since 1987 2024-08 Megacap AI-capex doubt selloff 2024-07 Mexico's Sheinbaum landslide + supermajority scare 2024-06 Neuralink implants its first human brain-computer interface 2024-01 Wagner Group mutiny against the Kremlin 2023-06 Nvidia AI-guidance blowout ignites the automation/AI capex wave 2023-05 Turkish lira hits record low after Erdogan re-election 2023-05 OpenAI releases GPT-4 2023-03 ChatGPT launches 2022-11 Turkish lira record low on rate cuts 2021-11 Turkey fires central-bank governor Agbal, sparking lira plunge 2021-03 AlphaFold cracks the protein-folding problem 2020-11 Turkish lira crash 2018-08 Jacob Zuma resigns as president 2018-02 Pravin Gordhan fired in midnight cabinet reshuffle 2017-03 Mexican peso crash on Trump 2016 win 2016-11 AlphaGo defeats Lee Sedol 2016-03 August 24, 2015 ETF flash crash 2015-08 Russian ruble 'Black Tuesday' 2014-12 Russia annexation crisis: Moscow market plunge 2014-03 SNB imposes EUR/CHF 1.20 floor 2011-09 EU/IMF EUR750bn rescue weekend 2010-05 2008 global rice crisis: Thai benchmark tops $1,000/ton 2008-04 Turkey lets the lira float 2001-02 Russia GKO default and ruble moratorium 1998-08 Hong Kong defends the peg with sky-high HIBOR 1997-10 Philippines peso float 1997-07 Thai baht float 1997-07 Mexico $50bn international rescue package 1995-01 Mexican peso devaluation / Tequila Crisis 1994-12 Soviet August coup attempt against Gorbachev 1991-08 Louvre Accord 1987-02 Cuban Missile Crisis 1962-10 Japanese yen revisits 160/$ as intervention warnings return 2026-04 US intervention removes Maduro in Venezuela 2026-01 Korean won weakens past 1,480 as outflows persist 2025-12 India RBI growth-pivot rate cut 2025-12 Gold tops $4,000 and silver spikes past $50 in historic squeeze 2025-10
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
SOL SOLSHORT-10.2% · 5d -8.3%88%19 0.59⚠ differs
COIN COINSHORT-6.8% · 5d -1.1%79%17 0.54⚠ differs
RTX RTXSHORT-1.2% · 5d -0.9%70%39 0.34✓ matches cascade
JPM JPMSHORT-2.5% · 5d -1.3%68%39 0.32⚠ differs
TRY TRYSHORT-4.7% · 5d -0.3%65%30 0.30⚠ differs
XLF XLFSHORT-0.4% · 5d -0.3%67%31 0.29⚠ differs
AMD AMDSHORT-1.1% · 5d -2.4%66%39 0.27⚠ differs
QCOM QCOMSHORT-3.4% · 5d -2.6%65%37 0.23⚠ differs
SPX SPXLONG+0.8% · 5d +0.7%63%39 0.22✓ matches cascade
AVGO AVGOLONG+1.5% · 5d -1.2% ↺ fades62%29 0.22✓ matches cascade
MSTR MSTRSHORT-5.5% · 5d -3.2%63%32 0.21⚠ differs
MRVL MRVLSHORT-0.9% · 5d -2.3%63%31 0.21⚠ differs
High-yield credit HYGSHORT-0.3% · 5d -0.0%62%30 0.17⚠ differs
USDJPY USDJPYSHORT-0.3% · 5d -0.4%58%35 0.15⚠ 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.