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📈 Record Atlantic sea-surface temperatures drive the biggest hurricane season ever

Friedberg's aside off the Atlantic sea-surface temperature anomaly: the 2023 hurricane season is likely to be the largest ever recorded. The market read-through is catastrophe losses at the P&C insurers and reinsurers writing Gulf and Atlantic coastal risk.

0 CONVICTION
peaked 26.5 EMBER
DORMANT
band
▼ SHORT KIE
expression · bearish equities
MISS
outcome · R -27.7% · α -54.1%
2024-07-14
window closed

⚖ Why this verdict

fully deterministic — evaluate.py replays this from daily closes; nothing below is editable or hand-set

  1. Window: 2023-07-14 → 2024-07-14 — first mention + 12-month horizon, then the window locks.
  2. The call: ▼ SHORT KIE (primary play). KIE rose 27.7% over the window → direction-adjusted R = -27.7% (the call lost money).
  3. Benchmark: holding SPY over the same window returned +26.4%α = -27.7 − (+26.4) = -54.1% — what this call made or lost against just owning the index. This is the number the verdict uses.
    Stock-selection read: -1.3% — did KIE move the predicted way relative to the market. The two only differ on a SHORT: this call was right about direction relative to the index but still cost money versus holding it.
  4. Rule fired:
    · HIT — R ≥ +10% AND α ≥ +5
    · PARTIAL — R ≥ +5% OR α ≥ 0
    ▶ MISS — everything else
  5. Credit: supporters of a MISS earn 0 each, opposers the inverse — this feeds the scoreboard weights. supported: Friedberg

Conviction timeline

bands: green ≥ 65 · watch ≥ 45 · ember ≥ 15

Plays vs SPY · % since first mention (2023-07-14)

Plays

expressionsymbolkindrelevancerationale
▼ SHORT KIEetf PRIMARY broad P&C insurance basket, the cleanest listed cat-loss exposure
▼ SHORT ALLstock adjacent large homeowners book with coastal catastrophe exposure

Mention log

Friedberg
Friedberg equities w=0.87 · n=120 · E137 (2023-07-14) · explicit_prediction · strength 1 ▶ 1:19:08 SUPPORT
“we could talk about the sea surface temperatures in the Atlantic that's likely going to drive the biggest hurricane season we've ever seen this coming season”
Friedberg
Friedberg equities w=0.87 · n=120 · E151 (2023-10-27) · explicit_prediction · strength 2 ▶ 1:13:29 SUPPORT
“When an event like this happens, those reinsurance markets take a loss and the loss causes them to raise rates significantly ... the insurance companies pass those rates on to consumers and to property developers and to the people that have mortgages”

Who built this conviction

each voice's total force on the score — supports and opposes from every mention, weighted exactly as the replay applied them · share = % of all mention-driven movement

Friedberg
Friedberg w=0.87
2 scoring events · 100% of moves
+35.3 → net +35.3

⏳ decay drained -28.4 over the idea's life — that's time passing, attributed to no one

Score events

episodekindΔafternote
E137 2023-07-14 init +24.3 24.3 E137 born by Friedberg (explicit_prediction x1) [w=0.87]
E139 2023-07-27 decay -1.0 23.3 E139 silent
E140 2023-08-04 decay -0.9 22.4 E140 silent
E141 2023-08-11 decay -0.9 21.5 E141 silent
E142 2023-08-18 decay -0.9 20.6 E142 silent
E143 2023-08-25 decay -0.8 19.8 E143 silent
E144 2023-09-01 decay -0.8 19.0 E144 silent
E146 2023-09-22 decay -0.8 18.2 E146 silent
E147 2023-09-29 decay -0.7 17.5 E147 silent
E148 2023-10-07 decay -0.7 16.8 E148 silent
E149 2023-10-13 decay -0.7 16.1 E149 silent
E150 2023-10-20 decay -0.6 15.5 E150 silent
E151 2023-10-27 reinforce +11.0 26.5 E151 Friedberg support x2 [w=0.87]
E152 2023-11-03 decay -1.1 25.4 E152 silent
E156 2023-12-08 decay -1.0 24.4 E156 silent
E157 2023-12-16 decay -1.0 23.4 E157 silent
E158 2023-12-23 decay -0.9 22.5 E158 silent
E159 2023-12-29 decay -0.9 21.6 E159 silent
E160 2024-01-06 decay -0.9 20.7 E160 silent
E161 2024-01-13 decay -0.8 19.9 E161 silent
E162 2024-01-19 decay -0.8 19.1 E162 silent
E163 2024-01-26 decay -0.8 18.3 E163 silent
E164 2024-02-02 decay -0.7 17.6 E164 silent
E165 2024-02-09 decay -0.7 16.9 E165 silent
E166 2024-02-16 decay -0.7 16.2 E166 silent
E167 2024-02-23 decay -0.6 15.6 E167 silent
E168 2024-03-01 decay -0.6 14.9 E168 silent
E169 2024-03-08 decay -0.6 14.4 E169 silent
E170 2024-03-15 decay -0.6 13.8 E170 silent
E171 2024-03-22 decay -0.6 13.2 E171 silent
E172 2024-03-29 decay -0.5 12.7 E172 silent
E173 2024-04-05 decay -0.5 12.2 E173 silent
E174 2024-04-12 decay -0.5 11.7 E174 silent
E175 2024-04-19 decay -0.5 11.2 E175 silent
E176 2024-04-26 decay -0.4 10.8 E176 silent
E177 2024-05-03 decay -0.4 10.4 E177 silent
E178 2024-05-10 decay -0.4 9.9 E178 silent
E179 2024-05-17 decay -0.4 9.5 E179 silent
E180 2024-05-24 decay -0.4 9.2 E180 silent
E181 2024-05-31 decay -0.4 8.8 E181 silent
E182 2024-06-07 decay -0.4 8.4 E182 silent
E183 2024-06-14 decay -0.3 8.1 E183 silent
E184 2024-06-20 decay -0.3 7.8 E184 silent
E185 2024-06-29 decay -0.3 7.5 E185 silent
E186 2024-07-04 decay -0.3 7.2 E186 silent
E187 2024-07-12 decay -0.3 6.9 E187 silent