📈 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
- Window: 2023-07-14 → 2024-07-14 — first mention + 12-month horizon, then the window locks.
- The call: ▼ SHORT KIE (primary play). KIE rose 27.7% over the window → direction-adjusted R = -27.7% (the call lost money).
- 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.
- Rule fired:
· HIT — R ≥ +10% AND α ≥ +5· PARTIAL — R ≥ +5% OR α ≥ 0▶ MISS — everything else
- 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
| expression | symbol | kind | relevance | rationale |
|---|---|---|---|---|
| ▼ SHORT | KIE | etf | PRIMARY | broad P&C insurance basket, the cleanest listed cat-loss exposure |
| ▼ SHORT | ALL | stock | adjacent | large homeowners book with coastal catastrophe exposure |
Mention log
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
⏳ decay drained -28.4 over the idea's life — that's time passing, attributed to no one
Score events
| episode | kind | Δ | after | note |
|---|---|---|---|---|
| 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 |