What if US institutional resilience preserves dollar reserve status (good)?
Durable institutions, deep markets and credible policy preserve the dollar's reserve role despite diversification chatter; the dollar holds its premium, real yields stay anchored and global risk appetite stabilizes.
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-on shock. Durable institutions, deep markets and credible policy preserve the dollar's reserve role despite diversification chatter; the dollar holds its premium, real yields stay anchored and global risk appetite stabilizes. The trigger decomposes into signed root‑shocks — Gold ▼ · Dollar/reserve confidence ▲ · 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 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -2.2% hist -7.02–+12.06% · other way -3.81% (n=5) |
| 2 | Gold XAUon Hyperliquid 📈 chart | Commodity | ▼ -1.9% hist -1.16–-0.58% · other way -2.88% (n=5) |
| 3 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -1.2% hist -2.9–+5.18% · other way +2.26% (n=5) |
| 4 | US dollar (DXY) DXYon Hyperliquid 📈 chart | FX | ▲ +0.8% hist +0.17–+0.47% · other way +0.88% (n=12) |
| 5 | 30y Treasury yield DGS30 📈 chart | Rate | ▼ -8bp hist -5.71–+2.89% · other way +23.6% (n=11) |
| 6 | Coinbase COINon Hyperliquid 📈 chart | Equity | ▼ -0.9% hist -5.33–+9.33% · other way +8.35% (n=4) |
| 7 | 10y Treasury yield DGS10 📈 chart | Rate | ▼ -7bp hist -4.46–+6.33% · other way +19.1% (n=12) |
| 8 | EUR/USD EURUSDon Hyperliquid 📈 chart | FX | ▼ -0.8% hist -0.45–+0.08% · other way -0.92% (n=5) |
| 9 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▲ +0.6% hist +0.14–+0.49% · other way +0.8% (n=6) |
| 10 | GBP/USD GBPUSDon Hyperliquid 📈 chart | FX | ▼ -0.6% hist -0.56–-0.13% · other way -1.77% (n=5) |
| 11 | S&P 500 SPXon Hyperliquid 📈 chart | Index | ▲ +0.5% hist -0.1–+1.46% · other way -2.99% (n=12) |
| 12 | USD/JPY USDJPYon Hyperliquid 📈 chart | FX | ▲ +0.5% hist +0.07–+0.55% · other way +1.16% (n=5) |
| 13 | Turkish lira TRY 📈 chart | FX | ▼ -0.6% hist -0.46–-0.17% · other way -8.89% (n=5) |
| 14 | Tech sector XLK 📈 chart | Equity | ▲ +0.4% hist +0.04–+0.49% · other way +1.06% (n=5) |
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 |
|---|---|---|---|---|---|---|
| SPX SPX | LONG | +1.1% · 5d +0.6% | 72% | 40 | 0.38 | ✓ matches cascade |
| AMD AMD | SHORT | -3.2% · 5d -3.0% | 68% | 40 | 0.27 | ⚠ differs |
| 10y yield DGS10 | LONG | +8bp · 5d +2bp | 65% | 40 | 0.23 | ⚠ differs |
| Volatility VIX | SHORT | -2.7% · 5d -5.8% | 65% | 40 | 0.23 | ✓ matches cascade |
| High-yield credit HYG | SHORT | -0.4% · 5d -0.1% | 65% | 40 | 0.21 | · |
| AVGO AVGO | LONG | +0.8% · 5d -0.7% ↺ fades | 62% | 40 | 0.20 | ✓ matches cascade |
| TSM TSM | LONG | +1.7% · 5d -1.1% ↺ fades | 62% | 40 | 0.20 | ✓ matches cascade |
| SMH SMH | LONG | +1.1% · 5d -0.4% ↺ fades | 60% | 40 | 0.17 | ✓ matches cascade |
| EURUSD EURUSD | LONG | +0.3% · 5d +0.0% | 60% | 40 | 0.16 | ⚠ differs |
| KRW KRW | SHORT | -0.4% · 5d +0.0% ↺ fades | 60% | 40 | 0.15 | ✓ matches cascade |
| CNY CNY | SHORT | -0.3% · 5d -0.2% | 57% | 40 | 0.15 | ✓ matches cascade |
| INR INR | SHORT | -0.1% · 5d +0.1% ↺ fades | 60% | 40 | 0.14 | ✓ matches cascade |
| MRVL MRVL | LONG | +1.3% · 5d -1.4% ↺ fades | 60% | 40 | 0.14 | ✓ matches cascade |
| US dollar DXY | SHORT | -0.1% · 5d -0.1% | 57% | 40 | 0.12 | ⚠ differs |