What if Nuclear newbuild cost overruns chill the reactor-restart narrative?
Fresh cost overruns and delays at restart and SMR projects undercut the nuclear-for-AI thesis, de-rating nuclear-levered utilities and developers on execution risk.
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 risk-off shock. Fresh cost overruns and delays at restart and SMR projects undercut the nuclear-for-AI thesis, de-rating nuclear-levered utilities and developers on execution risk. The trigger decomposes into signed root‑shocks — Clean-energy abundance ▼ · 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 | Energy sector XLEon Hyperliquid 📈 chart | Equity | ▲ +0.8% hist -0.51–+0.52% · other way -9.23% (n=5) |
| 2 | Brent crude BRENTon Hyperliquid 📈 chart | Commodity | ▲ +0.7% hist -1.31–+0.83% · other way -11.14% (n=5) |
| 3 | ExxonMobil XOM 📈 chart | Equity | ▲ +0.6% hist -0.26–+0.55% · other way -1.12% (n=12) |
| 4 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.6% hist -3.66–+5.53% · other way +4.83% (n=2) |
| 5 | WTI crude CLon Hyperliquid 📈 chart | Commodity | ▲ +0.6% hist -1.14–+0.58% · other way -9.7% (n=5) |
| 6 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -2.4–+4.3% · other way +2.69% (n=5) |
| 7 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.5% model prior · unmeasured |
| 8 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -0.5% hist -0.35–+0.16% · other way -1.41% (n=7) |
| 9 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.4% hist -0.52–+0.6% · other way +9.99% (n=2) |
| 10 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▲ +0.3% hist -1.26–+0.79% · other way -3.22% (n=6) |
| 11 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.3% hist -1.01–+1.59% · other way +14.01% (n=2) |
| 12 | Tech sector XLK 📈 chart | Equity | ▼ -0.3% hist -0.32–+0.23% · other way +0.01% (n=5) |
| 13 | United Airlines UAL 📈 chart | Equity | ▼ -0.4% hist -2.34–+4.83% · other way +70.35% (n=5) |
| 14 | Chevron CVX 📈 chart | Equity | ▲ +0.3% hist -0.62–+0.41% · other way -1.51% (n=12) |
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 |
|---|---|---|---|---|---|---|
| CL CL | SHORT | -1.3% · 5d -1.5% | 64% | 34 | 0.24 | ⚠ differs |
| XLE XLE | SHORT | -0.8% · 5d -0.3% | 61% | 34 | 0.21 | ⚠ differs |
| SPX SPX | LONG | +0.5% · 5d +0.2% | 60% | 40 | 0.18 | ⚠ differs |
| 10y yield DGS10 | SHORT | -2bp · 5d +1bp ↺ fades | 59% | 40 | 0.16 | · |
| BRENT BRENT | SHORT | -1.6% · 5d -1.7% | 58% | 32 | 0.15 | ⚠ differs |
| ETH ETH | LONG | +0.8% · 5d -3.7% ↺ fades | 60% | 18 | 0.14 | ⚠ differs |
| Gold XAU | LONG | +0.4% · 5d -0.5% ↺ fades | 57% | 34 | 0.14 | · |
| DAL DAL | LONG | +2.7% · 5d +0.1% | 57% | 32 | 0.13 | ⚠ differs |
| NDX NDX | LONG | +0.3% · 5d -0.7% ↺ fades | 57% | 38 | 0.11 | ⚠ differs |
| CVX CVX | SHORT | -0.7% · 5d -0.2% | 56% | 40 | 0.10 | ⚠ differs |
| UAL UAL | LONG | +4.8% · 5d -1.2% ↺ fades | 54% | 33 | 0.08 | ⚠ differs |
| SMH SMH | LONG | +0.2% · 5d -0.5% ↺ fades | 53% | 34 | 0.06 | ⚠ differs |
| SOL SOL | LONG | +6.0% · 5d -7.0% ↺ fades | 54% | 17 | 0.05 | ⚠ differs |
| XOM XOM | SHORT | -0.5% · 5d -0.2% | 52% | 40 | 0.04 | ⚠ differs |