What if Nuclear-newbuild cost overruns chill the reactor-restart narrative?
Budget and schedule blowouts on new reactor projects revive doubts about nuclear economics, slowing the datacenter-nuclear thesis and pressuring SMR and uranium sentiment.
how we built this number — every step
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.
What it would mean
If this plays out, it is a mixed shock. Budget and schedule blowouts on new reactor projects revive doubts about nuclear economics, slowing the datacenter-nuclear thesis and pressuring SMR and uranium sentiment. The trigger decomposes into signed root‑shocks — Clean-energy abundance ▼ · Financial conditions ▲ · Industrial demand ▼ · 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.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.5% hist -1.11–+1.5% · other way +4.83% (n=2) |
| 2 | Energy sector XLEon Hyperliquid 📈 chart | Equity | ▲ +0.5% hist -0.8–+0.48% · other way -5.5% (n=7) |
| 3 | Brent crude BRENTon Hyperliquid 📈 chart | Commodity | ▲ +0.4% hist -2.87–+0.86% · other way -7.74% (n=6) |
| 4 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.4% model prior · unmeasured |
| 5 | ExxonMobil XOM 📈 chart | Equity | ▲ +0.4% hist -0.53–+0.5% · other way -1.41% (n=12) |
| 6 | WTI crude CLon Hyperliquid 📈 chart | Commodity | ▲ +0.4% hist -1.72–+0.68% · other way -4.84% (n=7) |
| 7 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.3% hist -0.19–-0.08% · other way +9.99% (n=2) |
| 8 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.3% hist -0.23–+0.05% · other way -0.55% (n=9) |
| 9 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.3% hist -1.6–+2.77% · other way +5.75% (n=7) |
| 10 | United Airlines UAL 📈 chart | Equity | ▼ -0.2% hist -1.36–+2.82% · other way +44.77% (n=7) |
| 11 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.2% hist -0.18–+0.12% · other way +14.01% (n=2) |
| 12 | Chevron CVX 📈 chart | Equity | ▲ +0.2% hist -0.51–+0.34% · other way -2.46% (n=12) |
| 13 | Delta DAL 📈 chart | Equity | ▼ -0.2% hist -1.05–+2.51% · other way +28.12% (n=6) |
| 14 | Tech sector XLK 📈 chart | Equity | ▼ -0.1% hist -0.24–+0.28% · other way +0.16% (n=7) |
Probable recommendation
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.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| BRENT BRENT | SHORT | -2.7% · 5d -2.5% | 67% | 38 | 0.29 | ⚠ differs |
| CL CL | SHORT | -1.7% · 5d -2.4% | 63% | 39 | 0.23 | ⚠ differs |
| XLE XLE | SHORT | -0.9% · 5d -0.6% | 61% | 39 | 0.20 | ⚠ differs |
| 10y yield DGS10 | SHORT | -2bp · 5d +1bp ↺ fades | 61% | 40 | 0.17 | · |
| DAL DAL | LONG | +2.4% · 5d +0.2% | 58% | 38 | 0.14 | ⚠ differs |
| ETH ETH | LONG | +0.0% · 5d -4.0% ↺ fades | 59% | 22 | 0.12 | ⚠ differs |
| Gold XAU | LONG | +0.5% · 5d -0.3% ↺ fades | 55% | 39 | 0.10 | · |
| UAL UAL | LONG | +2.8% · 5d -1.0% ↺ fades | 55% | 38 | 0.08 | ⚠ differs |
| US dollar DXY | LONG | +0.3% · 5d -0.0% ↺ fades | 54% | 40 | 0.08 | · |
| CVX CVX | SHORT | -0.6% · 5d -0.3% | 53% | 40 | 0.06 | ⚠ differs |
| XOM XOM | SHORT | -0.8% · 5d -0.5% | 52% | 40 | 0.04 | ⚠ differs |
| NDX NDX | LONG | +0.2% · 5d -0.9% ↺ fades | 52% | 40 | 0.04 | ⚠ differs |
| SOL SOL | LONG | +1.8% · 5d -8.8% ↺ fades | 45% | 21 | 0.00 | ⚠ differs |
| MSTR MSTR | LONG | +2.9% · 5d -4.2% ↺ fades | 44% | 39 | 0.00 | ⚠ differs |