What if Petro-fund windfalls let Caspian currencies firm?
Robust oil, gas, and uranium receipts swell the National Fund and SOFAZ, letting Kazakhstan and Azerbaijan tolerate firmer currencies and ease imported inflation.
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 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.
What it would mean
If this plays out, it is a mixed shock. Robust oil, gas, and uranium receipts swell the National Fund and SOFAZ, letting Kazakhstan and Azerbaijan tolerate firmer currencies and ease imported inflation. The trigger decomposes into signed root‑shocks — EM currencies ▲ · Inflation expectations ▼ · 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 | Turkish lira TRY 📈 chart | FX | ▲ +0.5% hist +0.12–+0.25% · other way -6.86% (n=8) |
| 2 | Indian rupee INR 📈 chart | FX | ▲ +0.4% hist +0.05–+0.24% · other way -0.54% (n=8) |
| 3 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▲ +0.3% hist -2.96–+6.3% · other way -1.26% (n=7) |
| 4 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▲ +0.3% model prior · unmeasured |
| 5 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▲ +0.3% hist -6.46–+13.16% · other way -2.05% (n=8) |
| 6 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▲ +0.2% hist -0.88–+2.34% · other way -0.96% (n=8) |
| 7 | Chinese yuan CNY 📈 chart | FX | ▲ +0.2% hist -0.24–+0.22% · other way -0.88% (n=8) |
| 8 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▲ +0.2% hist +-0.0–+0.3% · other way +0.65% (n=8) |
| 9 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▲ +0.2% hist -2.47–+6.01% · other way +1.12% (n=8) |
| 10 | Tech sector XLK 📈 chart | Equity | ▲ +0.1% hist -0.11–+0.41% · other way +1.17% (n=8) |
| 11 | 30y Treasury yield DGS30 📈 chart | Rate | ▼ -1bp hist -2.47–+4.25% · other way +13.0% (n=12) |
| 12 | 10y Treasury yield DGS10 📈 chart | Rate | ▼ -1bp hist -2.51–+6.5% · other way +9.5% (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 |
|---|---|---|---|---|---|---|
| TRY TRY | LONG | +0.0% · 5d +1.4% | 65% | 40 | 0.24 | ✓ matches cascade |
| Volatility VIX | SHORT | -2.4% · 5d -6.4% | 65% | 40 | 0.23 | · |
| 10y yield DGS10 | LONG | +6bp · 5d +3bp | 62% | 40 | 0.19 | ⚠ differs |
| High-yield credit HYG | SHORT | -0.3% · 5d -0.1% | 62% | 40 | 0.17 | · |
| CNY CNY | SHORT | -0.3% · 5d -0.2% | 57% | 40 | 0.15 | ⚠ differs |
| US dollar DXY | SHORT | -0.2% · 5d -0.1% | 60% | 40 | 0.15 | · |
| NDX NDX | LONG | +0.2% · 5d -0.8% ↺ fades | 57% | 40 | 0.11 | ✓ matches cascade |
| INR INR | SHORT | -0.1% · 5d +0.1% ↺ fades | 57% | 40 | 0.10 | ⚠ differs |
| Bitcoin BTC | LONG | +5.7% · 5d -2.3% ↺ fades | 55% | 40 | 0.09 | ✓ matches cascade |
| Gold XAU | SHORT | -0.1% · 5d -0.9% | 55% | 40 | 0.09 | · |
| 30y yield DGS30 | LONG | +5bp · 5d +2bp | 55% | 40 | 0.08 | ⚠ differs |
| ETH ETH | LONG | +2.1% · 5d -4.2% ↺ fades | 55% | 33 | 0.07 | ✓ matches cascade |
| SOL SOL | LONG | +6.0% · 5d -3.3% ↺ fades | 43% | 30 | 0.00 | ✓ matches cascade |
| MSTR MSTR | LONG | +12.8% · 5d -2.1% ↺ fades | 50% | 40 | 0.00 | ✓ matches cascade |