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Will the Nasdaq-100 be above 31999.99 at the end of Dec 31, 2026 at 4pm EST? — 32,000 or above
27%
Agent
24%
Market Price
+3.0%
Edge
60%
Confidence
43,597
Volume
12.0c
Spread
101
Days to resolution
7
Markets in event
final rationale
Mean of 5 draws (0.32, 0.25, 0.29, 0.25, 0.24). (0) Not resolved: FRED/Nasdaq show NDX at 29,644 on 2026-09-18, ~7.9% below the 31,999.99 strike, and the 52-week (and post-issuance) high is 30,762, so the level has never been reached; the direct resolution-source fetch returned no data. (a) ~3.3 months / ~72 trading days remain to the Dec 31 4pm close. (b) Status quo is NO — index is below the strike and the recent tape is range-bound near 29,000-29,700 with a newly hawkish Fed (25bp hike Sept 16, more hikes priced) and 10y yields near 5%. (c) NO: yields stay >5%, a mega-cap earnings miss or a third 10%+ correction (two already in 2026) keeps NDX below ~31,000 through year-end. (d) YES: AI-capex earnings in Oct/Nov plus a pause in Fed hikes drive a resumption of the spring-style rally through the 30,762 record to 32,000+; an 8% move over 3 months is ~0.7 sigma at ~20% NDX implied vol, giving roughly 20-25% terminal probability but ~40-45% probability of touching the level at some point. The key structural point: the ticker series (KXNASDAQ100MAXY) and the description's 'after issuance and On/Before Dec 31' language indicate a yearly-high/touch market, not a year-end-close market, which roughly doubles the fair probability versus the terminal reading — the research reports and the code-execution model (which also used a wrong 24,000 spot) treated it as terminal-only. I anchor on Kalshi's 24% (down from ~44% a month ago) but shade up toward the touch-market fair value, discounted for uncertainty about the exact resolution mechanics, bearish macro drift, and the possibility the crowd is right that this is effectively a year-end contract.
price vs. prediction
market price
agent forecast at t+0
27 follow-ups
1. Planner Fable 5.1 · picks the research tools
Tools chosen:
kalshi_direct
resolution_source
earnings_data
kalshi_related
fred
code_execution
Planner reasoning
This is a Nasdaq-100 year-end level threshold question; the key inputs are the current index level, its recent volatility path, and the market's own price. kalshi_direct anchors the price; earnings_data on QQQ gives the current index proxy level and history to compute the required move; kalshi_related pulls sibling strike markets for the implied distribution; fred adds VIX/rate context; code_execution computes the implied probability from the observed level, days remaining, and realized volatility.
2. Research parallel tool calls + 4 web research loops (Sonnet 5) · read raw by the forecasters
at a glance
RESEARCH DIGEST (built in code: tool summaries and each report's bottom line; the forecasters read the full tool outputs and reports)
Tools
- kalshi_direct: ## This Market's Kalshi Data **32,000 or above** (KXNASDAQ100MAXY-26DEC31H1600-T31999.99) - Current price (probability): 24.00% - 7-day price change: +0.00% - 30-day price change: -20.00% - Average daily volume: 602 contracts - Price range: 10.00% - 80.00% - Data points: 65 days
- resolution_source: already_resolved=unclear; matches_criteria=True; last_updated=unknown. The fetched Nasdaq page shows no actual index data; it states 'Real time quote data is not available at this time' and 'Data is currently not available' for key data and latest news.
- earnings_data: Fetched FMP data for 1 ticker(s).
- kalshi_related: 1 related markets / summaries. series KXNASDAQ100MAXY: 0 markets (skipped 7 no-signal) | series KXNASDAQ100Y: 0 markets (skipped 30 no-signal) | keyword 'Nasdaq-100 Dec 31 2026': ok
- fred: Fetched 3 FRED series (lookback=365d).
- code_execution: ## Key Findings - **Assumed baseline (no live feed access):** Using a QQQ×~41 proxy, current Nasdaq‑100 ≈ **24,000**, requiring a **+33.3%** rally to clear the 32,000 strike within the ~72 trading-day window (2026‑09‑21 → 2026‑12‑31, T≈0.286 yrs). - **Realized-vol sensitivity (zero drift):** At typical trailing annualized vol of 15–25%, the lognormal model gives essentially negligible odds of fini
Research loops, bottom lines
- current state: As of the latest available close (Sept 18, 2026, ~29,644) the Nasdaq-100 sits roughly 7-8% below the 32,000 threshold, and even the 2026 all-time intraday high (~30,762) has not reached it; a fresh Fed hiking cycle (25bp hike Sept 16, with markets pricing 34%-67% odds of additional hikes in Oct/Dec) creates headwinds that would need to be overcome by a sizable further rally in the remaining ~3.5 months of trading for the market to resolve Yes.
- base rate: The outside view — the index's own 52-week range (never above ~30,762), Kalshi's mid-2026 pricing of roughly 50/50 odds for the lower 30,000 threshold, and mainstream analyst year-end targets clustered in the 24,500–30,200 band — all imply that a close above 32,000 (about 8% above the current ~29,644 level) would require an above-base-rate rally in the remaining ~3.5 months, making it a low-probability but not negligible outcome given the index's demonstrated capacity for 10%+ swings within week
- yes case: The single most plausible YES path is a continuation/acceleration of the 2026 AI-capex-driven rally (which has already produced 30%+ moves in ~10 weeks and touched ~30,762 intraday) combined with a Fed that avoids further tightening or eventually resumes cuts; this could push the index from ~29,644 (Sept 18) through the 30,660 record and the 31,000–32,500 technical/Fibonacci targets that analysts have already flagged as live scenarios for H2 2026. This requires roughly an 8% further gain from cu
- no case: With the index at ~29,644 on Sept 18, 2026 (about 8% below the 31,999.99 strike), professional forecasts (PrimeXBT's base case topping out near 31,861) and prediction-market pricing (Kalshi implying roughly 25-30% odds of closing above 32,000) both suggest the most likely outcome is a "No," reinforced by a fragile technical setup, elevated long-term yields, high index concentration, and a 2026 track record of two double-digit corrections already occurring.
tools
| tool | status | time | items | summary |
|---|---|---|---|---|
| kalshi_direct | OK | 0.2s | 1 | ## This Market's Kalshi Data **32,000 or above** (KXNASDAQ100MAXY-26DEC31H1600-T31999.99) - Current price (probability): 24.00% - 7-day price change: +0.00% - 30-day price change: -20.00% - Average daily volume: 602 contracts - Price range: 10.00% - 80.00% - Data points: 65 days |
| resolution_source | OK | 4.0s | 1 | already_resolved=unclear; matches_criteria=True; last_updated=unknown. The fetched Nasdaq page shows no actual index data; it states 'Real time quote data is not available at this time' and 'Data is currently not available' for key data and latest news. |
| earnings_data | OK | 0.4s | 1 | Fetched FMP data for 1 ticker(s). |
| kalshi_related | OK | 3.8s | 1 | 1 related markets / summaries. series KXNASDAQ100MAXY: 0 markets (skipped 7 no-signal) | series KXNASDAQ100Y: 0 markets (skipped 30 no-signal) | keyword 'Nasdaq-100 Dec 31 2026': ok |
| fred | OK | 0.9s | 3 | Fetched 3 FRED series (lookback=365d). |
| code_execution | OK | 44.6s | 0 | ## Key Findings - **Assumed baseline (no live feed access):** Using a QQQ×~41 proxy, current Nasdaq‑100 ≈ **24,000**, requiring a **+33.3%** rally to clear the 32,000 strike within the ~72 trading-day window (2026‑09‑21 → 2026‑12‑31, T≈0.286 yrs). - **Realized-vol sensitivity (zero drift):** At ty |
research loops
·
4/4 ok ·
18 searches ·
7 page reads
| dimension | status | time | searches | page reads | report |
|---|---|---|---|---|---|
| current state | OK | 32s | 5 | 1 | 4079 chars |
| base rate | OK | 40s | 4 | 2 | 4735 chars |
| yes case | OK | 37s | 4 | 2 | 4319 chars |
| no case | OK | 47s | 5 | 2 | 4912 chars |
report: current state
- [2026-09-18] The Nasdaq-100 (NDX) closed at 29,644.17, up 0.67% (+197.19 points) from a previous close of 29,446.98, with an intraday range of 29,371.89–29,647.80.
Data as of 9/18/2026 showed NDX at 29,644.17, up 188.37, or 0.67%, with previous close 29,446.98, today's high 29,647.80 and low 29,371.89.
- [2026-09-18] Over the trailing 52 weeks, NDX has ranged from 22,841.42 to a record 30,762.20.
The Nasdaq 100 stock price has ranged from 22,841.42 to 30,762.20 over the past 52 weeks.
This all-time high (~30,762) remains well above the current level and above the 32,000 threshold has not yet been reached.
- [2026-09-16] The Federal Reserve raised its benchmark rate 25bps to 3.75%-4.00%, its first hike since 2023, unanimously approved.
The Fed unanimously raised its target rate to 3.75%-4%, its first increase since 2023.
- [2026-09-16] The Fed's updated projections were more hawkish than expected:
its new projections suggest the Fed isn't done: 16 of 18 policymakers see at least one more increase this year.
The median dot-plot sees rates ending 2026 near 4.00-4.25%.
- [2026-09-16] Equity market reaction to the hike was mixed/muted for tech:
the Dow Jones Industrial Average closed lower by more than 600 points, or 1.2%, while the S&P 500 slid 0.5%, and the Nasdaq Composite ended the session a tad lower.
- [2026-09-16] Some coverage noted an initial post-decision pop before fading:
the S&P 500 was up 0.4% after the decision, while the Nasdaq 100, tracked by Invesco QQQ Trust, gained 0.8%
before Treasury-yield pressure weighed on the broader tape by the close.
- [2026-09-21] Prediction markets are pricing further tightening risk into Q4 2026:
the October market prices no change at 64%, and another quarter-point increase at 34%... The December market put a quarter-point hike at 67% Wednesday afternoon, up from 57% in Benzinga's pre-decision preview.
- [2026-08-10] Ahead of the Fed decision, forecasters flagged the rally's technical backdrop: as of end-H1 2026,
the index sits comfortably above both its 50-day moving average (28,149) and 200-day moving average (25,733), with the Relative Strength Index between 60 and 70, indicating sustained but not yet extreme bullish momentum.
- [2026-08-10] Earlier in 2026, NDX had already staged a sharp recovery:
the dip below 23,000 during the March "Liberation Day" selloff provided the launchpad for an extraordinary rally that has taken the index to fresh record highs above 30,660 — a gain of more than 33% in roughly ten weeks.
- [2026-09-01] Earlier in September, NDX briefly dipped on geopolitical risk (a "Larak Island" Iran-related news event) before recovering:
NAS100 sold off from a local high near 29,540 to roughly 29,260 over the weekend into 31 August... before clawing back above the 200-period moving average, extending to a fresh high near 29,530 on 1 September.
- [2026-09-19] The near-month Nasdaq-100 futures contract (Dec-26) traded around 29,715, essentially flat, consistent with cash-index levels near 29,600-29,700.
- [2026-09-21] The Kalshi resolution source (Nasdaq-100 index value, 4pm ET close) currently shows the index roughly 2,350–2,400 points (about 7.5-8%) below the 32,000.00 strike, with the year's closing high (~30,762 intraday, ~30,660 close-area) also short of the threshold.
BOTTOM LINE: As of the latest available close (Sept 18, 2026, ~29,644) the Nasdaq-100 sits roughly 7-8% below the 32,000 threshold, and even the 2026 all-time intraday high (~30,762) has not reached it; a fresh Fed hiking cycle (25bp hike Sept 16, with markets pricing 34%-67% odds of additional hikes in Oct/Dec) creates headwinds that would need to be overcome by a sizable further rally in the remaining ~3.5 months of trading for the market to resolve Yes.
NOT FOUND: An exact closing NDX print for September 19 or September 21, 2026 (weekend, no trading Sept 20-21); an official Nasdaq or Kalshi statement referencing the 32,000 strike specifically; any confirmed NDX close above 30,762 (i.e., no new all-time high reported after early August/June 2026 peak).
report: base rate
- [2026-09-18] Nasdaq-100 (NDX) closed at 29,644.17, up 0.67% on the day, per Nasdaq's own index page — a level roughly 7.9% below the 32,000 threshold needed for this market to resolve Yes. https://indexes.nasdaqomx.com/Index/History/NDX
- [2026-09-18] Investing.com's 52-week range for the index is
22,841.42 to 30,762.20 over the past 52 weeks
, meaning the index has never closed near 32,000 at any point in the trailing year. https://www.investing.com/indices/nq-100-historical-data
- [2026-08-10] Independent market commentary noted the index reaching
fresh record highs above 30,660 — a gain of more than 33% in roughly ten weeks
during the March–June 2026 rally, showing large, rapid moves are possible in this name, but that rally has since partially reversed (index down to ~29,600 by September). https://naga.com/en/news-and-analysis/articles/nasdaq-100-price-prediction
- [2026-07-07] CNBC reported that on Kalshi,
speculators place about 50-50 odds that the tech-heavy index will close 2026 above 30,000, a level it first crossed in late May
— implying the market-assigned probability for a materially higher 32,000 threshold would be well below 50%. https://www.cnbc.com/2026/07/07/traders-on-kalshi-think-the-nasdaq-100-will-end-2026-above-30000.html
- [2026-07-07] The same report noted
The Nasdaq-100 is up about 18% in 2026, but traders on prediction market platform Kalshi don't think the index will move much higher in the second half of 2026
, an outside-view signal that informed traders see the second half of the year as consolidative rather than a continuation of the earlier rally. https://www.cnbc.com/2026/07/07/traders-on-kalshi-think-the-nasdaq-100-will-end-2026-above-30000.html
- [2026-05-10] Octagon's aggregation of Kalshi-derived prediction-market probabilities as of the May peak showed a
49% of substantive prints on KXNASDAQ100MAXY-26DEC31H1600-T30799.99
-type threshold, and the broader table showed a
record high of approximately 29,235 is anticipated between May 5 and May 8, 2026
with model probability of 100% for reaching 25,600 or higher, but materially lower confidence for higher strikes like 30,000 (~86%) — no probability was reported for anything as high as 32,000. https://www.octagonai.co/markets/financials/indices/how-high-will-the-nasdaq-100-price-get-in-2026
- [2026-05-10] The same Octagon research aggregation reported:
Bullish models forecast the index could reach 27,000-35,000 by year-end 2026, while analysts predict a range of 24,500-27,500... Current trader views anticipate a potential test of 30,000
, i.e., mainstream analyst year-end targets clustered well below 32,000 even at the height of the spring rally. https://www.octagonai.co/markets/financials/indices/how-high-will-the-nasdaq-100-price-get-in-2026
- [2026-08-27] Technical analysis site PrimeXBT put its base-case 2026 range at
28,125–31,861 points, averaging near 29,825 across the remaining months, with a year-end anchor around 30,200
— a base case that falls short of the 32,000 threshold. https://primexbt.com/market-research/nasdaq-price-prediction-forecast/
- [2026-08-27] PrimeXBT also flagged elevated volatility this year:
This index has already had two corrections in 2026: more than 10% in March, and 11.7% between the June record and the
subsequent pullback, indicating swings of that magnitude (up or down) are within this year's realized range and could plausibly move the index either toward or away from 32,000 by year-end. https://primexbt.com/market-research/nasdaq-price-prediction-forecast/
- [2026-09-01] A trading-desk snapshot described the index consolidating in the high-29,000s amid geopolitical (Iran-related) volatility and shifting Fed-hike odds, underscoring that macro risk (not sustained melt-up) has characterized recent months rather than a resumption of the spring rally. https://www.vantagemarkets.com/market-analysis/nas100-nasdaq-analysis-september-1-2026/
BOTTOM LINE: The outside view — the index's own 52-week range (never above ~30,762), Kalshi's mid-2026 pricing of roughly 50/50 odds for the lower 30,000 threshold, and mainstream analyst year-end targets clustered in the 24,500–30,200 band — all imply that a close above 32,000 (about 8% above the current ~29,644 level) would require an above-base-rate rally in the remaining ~3.5 months, making it a low-probability but not negligible outcome given the index's demonstrated capacity for 10%+ swings within weeks.
NOT FOUND: A direct, current (September 2026) Kalshi/Polymarket quoted probability specifically for the 32,000 threshold (KXNASDAQ100MAXY or KXNDQDIRY 32000 strike) could not be retrieved; only related strikes (26,000, 30,000, 30,799.99) were found in cached/aggregated sources.
report: yes case
- [2026-09-18] The Nasdaq-100 closed at
29,644.17, up 188.37 (0.67%), with previous close 29,446.98, today's high 29,647.80 and low 29,371.89
, per Nasdaq's own index history page.
- [2026-09-18] Over the trailing 52 weeks the index has traded as high as
30,762.20
, confirming it has already been within roughly 4% of the 32,000 threshold at some point in the past year (per Investing.com).
- [2026-08-10] A dedicated market-analysis piece reports the index reached a
"record high just above 30,660... a gain of more than 33% in roughly ten weeks"
after the March "Liberation Day" tariff selloff low near 22,953, illustrating the index's capacity for extremely rapid, large percentage moves when sentiment turns.
- [2026-08-10] The same analysis frames a bull-case scenario for H2 2026 in which
"Inflation data over the summer surprises to the downside, taking the projected Fed hike off the table entirely, while AI-driven earnings continue to beat expectations... The index breaks decisively above 31,000 and extends toward the symmetrical-triangle target near 35,000+"
— directly consistent with a path to 32,000+ by year-end.
- [2026-08-10] Technical framing lists an "Extended Bull Target" of
32,500 as a "Fibonacci extension breakout target if the post-tariff-shock rally extends decisively higher"
, a level essentially coincident with the Kalshi 32,000 strike.
- [2026-08-10] Structurally, the bullish case rests on continued AI capex:
"the structural AI investment cycle shows no clear signs of deceleration... AI leadership has broadened meaningfully beyond the original mega-cap names... now pulling in semiconductor equipment suppliers, data centre infrastructure builders, cybersecurity firms, and automation companies"
, reducing single-stock concentration risk that could derail a rally.
- [2026-08-10] Analyst price-target data cited in the same piece show
"Wall Street's consensus puts the group's current price at $349.05 against an average 12-month target of $450.92 — an implied upside of roughly 29.4%"
for the Magnificent 7, which dominate index weight; even partial realization of this upside by year-end would be more than sufficient to push the index through 32,000.
- [2025-12-03] On rates, Goldman Sachs' baseline near end-2025 was that
"it's likely the US Federal Reserve will cut rates in December" while slowing the pace of easing in H1 2026 "as economic growth reaccelerates and inflation cools"
— a scenario supportive of risk assets if it had held (though later 2026 data show the Fed actually turned hawkish, a fact more relevant to the "No" case).
- [2026-08-10] The report also notes historical seasonality/base-rate context:
"Since 1990, the NASDAQ-100 has experienced six prior bull markets, each lasting an average of five years and returning approximately 31% annually"
, and characterizes AI as "a multi-year megatrend rather than a cyclical spending bubble," supporting continuation of the uptrend into year-end 2026.
- [2026-08-10] Near-term momentum context: as of end-H1 2026 the index sat
"comfortably above both its 50-day moving average (28,149) and 200-day moving average (25,733), with the Relative Strength Index between 60 and 70, indicating sustained but not yet extreme bullish momentum"
— leaving technical room to extend higher without being "overbought" by conventional measures.
BOTTOM LINE: The single most plausible YES path is a continuation/acceleration of the 2026 AI-capex-driven rally (which has already produced 30%+ moves in ~10 weeks and touched ~30,762 intraday) combined with a Fed that avoids further tightening or eventually resumes cuts; this could push the index from ~29,644 (Sept 18) through the 30,660 record and the 31,000–32,500 technical/Fibonacci targets that analysts have already flagged as live scenarios for H2 2026. This requires roughly an 8% further gain from current levels in just over three months — large but not unprecedented given the index's demonstrated 2026 volatility and AI-driven momentum.
NOT FOUND: A specific, dated Wall Street or buy-side "Nasdaq-100 year-end-2026 price target" of ≥32,000; the most recent (September 2026) FOMC decision's exact effect on Nasdaq-100 levels; and any late-September 2026 catalyst calendar (e.g., specific earnings dates) directly tied to a rally to 32,000.
report: no case
- [2026-09-18] The Nasdaq-100 (^NDX) closed at 29,644.17 (+0.67%), still
roughly 22,841.42 to 30,762.20 over the past 52 weeks
, meaning the index remains well below its own all-time intraday high and nowhere near 32,000. https://finance.yahoo.com/quote/%5ENDX/history/
- [2026-09-18] Trading Economics confirms
on the week, the Dow shed 733 points, the Nasdaq rose 2.6% and the S&P 500 gained 0.7%, though US stocks swung lower on Friday as Treasury yields rebounded and rekindled concerns of a deteriorating macroeconomic backdrop, with the Nasdaq 100 inching below the flatline
— evidence that yield-driven volatility is still capping gains just three months before the deadline. https://tradingeconomics.com/united-states/stock-market
- [2026-09-21 est., report dated 2026-08-27] PrimeXBT's base-case forecast, built from prediction-market pricing and technicals, projects
a 2026 base case of 28,125–31,861 points, with a year-end anchor around 30,200
— the top of this range still falls short of the 32,000 threshold. https://primexbt.com/market-research/nasdaq-price-prediction-forecast/
- [2026-08-27] Even the maximum monthly forecast for December 2026 in this model is 31,861, below the 31,999.99 strike, with an average of only 30,200, per PrimeXBT's month-by-month table.
- [2026-08-27] The report notes
the biggest downside risk: chipmakers are around a fifth of index weight, and a break of the 200-day average near 29,070 removes the last technical floor before the July low
, underscoring fragile technical support just below current levels. https://primexbt.com/market-research/nasdaq-price-prediction-forecast/
- [2026-08-27] Kalshi prediction-market pricing cited in the same report showed
roughly 16% odds on a 2026 close above 33,000, ~11% for 32,000–33,000
— implying only about a one-in-four chance the market itself assigned to finishing above 32,000 as of late August. https://primexbt.com/market-research/nasdaq-price-prediction-forecast/
- [2026-08-27] The index has already suffered two sizable drawdowns in 2026:
more than 10% in March, and 11.7% between the June record and the 29 July low
, and the report states a third correction "would be ordinary rather than remarkable" — showing the index is prone to giving back gains quickly. https://primexbt.com/market-research/nasdaq-price-prediction-forecast/
- [2026-08-27] Rate risk is elevated:
the 30-year Treasury yield topped 5.33% on 18 August, a 19-year high
, and the report flags that the historical rate-Nasdaq relationship "inverts once absolute yields clear 5%" — a headwind for further multiple expansion into year-end.
- [2026-07-07] CNBC reported that as of early July,
speculators placed about 50-50 odds that the tech-heavy index will close 2026 above 30,000
even after an 18% YTD gain, indicating traders themselves saw upside as capped, let alone a further run to 32,000.
- [2026-08-26 approx.] Tiger Brokers/Kalshi coverage similarly noted
a 40% probability that the Nasdaq 100 will close its 2026 high above 32,000... traders see only about a 27% chance of the Nasdaq 100 climbing above 33,000
, and cautioned that "traders now appear to believe the bull run is running out of steam." (Note: "closing high above 32,000" during the year is a different, easier bar than closing above 32,000 on Dec 31; the year-end-specific Kalshi contract price for 32,000+ implied only ~27% per the more recent PrimeXBT synthesis.) https://www.itiger.com/news/1126239607
- [2026-08-27] Structural/valuation caution: the report notes concentration risk —
the top ten holdings are roughly 46% of the index... A single earnings miss in that cohort moves the whole index
— meaning one large mega-cap disappointment before Dec 31 could easily erase the ~8% gain needed from current (~29,644) levels to clear 32,000.
- [2026-08-27] UBS's Ulrike Hoffmann-Burchardi flagged in the report that leadership may be rotating away from tech, warning that "the next leg of equity gains is likely to be marked by a broadening of market leadership" rather than further concentrated Nasdaq-100 outperformance, per the CNBC-sourced commentary embedded in the forecast.
BOTTOM LINE: With the index at ~29,644 on Sept 18, 2026 (about 8% below the 31,999.99 strike), professional forecasts (PrimeXBT's base case topping out near 31,861) and prediction-market pricing (Kalshi implying roughly 25-30% odds of closing above 32,000) both suggest the most likely outcome is a "No," reinforced by a fragile technical setup, elevated long-term yields, high index concentration, and a 2026 track record of two double-digit corrections already occurring.
NOT FOUND: A verified, timestamped Kalshi order-book price for the exact "32,000 or above" Dec-31-2026 contract as of September 21, 2026 (Kalshi's site could not be fetched directly); official Google Finance closing print used for Kalshi settlement on the most recent trading day.
3. Forecasters 5 draws · Fable 5.1 + GPT-5.6 Sol · plain mean
claude-fable-5-1
42% conf
| Yes | 32% |
| No | 68% |
(0) Not resolved: FRED/Nasdaq show NDX at 29,644 on 2026-09-18, ~7.9% below the 31,999.99 strike, and the 52-week (and post-issuance) high is 30,762, so the level has never been reached; the direct resolution-source fetch returned no data. (a) ~3.3 months / ~72 trading days remain to the Dec 31 4pm close. (b) Status quo is NO — index is below the strike and the recent tape is range-bound near 29,000-29,700 with a newly hawkish Fed (25bp hike Sept 16, more hikes priced) and 10y yields near 5%. (c) NO: yields stay >5%, a mega-cap earnings miss or a third 10%+ correction (two already in 2026) keeps NDX below ~31,000 through year-end. (d) YES: AI-capex earnings in Oct/Nov plus a pause in Fed hikes drive a resumption of the spring-style rally through the 30,762 record to 32,000+; an 8% move over 3 months is ~0.7 sigma at ~20% NDX implied vol, giving roughly 20-25% terminal probability but ~40-45% probability of touching the level at some point. The key structural point: the ticker series (KXNASDAQ100MAXY) and the description's 'after issuance and On/Before Dec 31' language indicate a yearly-high/touch market, not a year-end-close market, which roughly doubles the fair probability versus the terminal reading — the research reports and the code-execution model (which also used a wrong 24,000 spot) treated it as terminal-only. I anchor on Kalshi's 24% (down from ~44% a month ago) but shade up toward the touch-market fair value, discounted for uncertainty about the exact resolution mechanics, bearish macro drift, and the possibility the crowd is right that this is effectively a year-end contract.
claude-fable-5-1
62% conf
| Yes | 25% |
| No | 75% |
(0) Not resolved: FRED and Nasdaq data show NDX at 29,644.17 on Sept 18, 2026, ~7.9% below the 31,999.99 strike; the index's 2026 intraday record (~30,762) never reached 32,000, so the condition is neither met nor impossible. (a) ~72 trading days remain until the Dec 31, 2026 4pm ET close. (b) Status quo: index stays in the high-29,000s and the market resolves No. (c) NO scenario: the Fed's new hiking cycle (25bp on Sept 16, 34-67% odds of further hikes in Oct/Dec) and 10-yr yields near 5% cap multiples, a mega-cap earnings miss or a third 2026 correction pushes the index back toward the 200-day MA (~29,070), and it finishes below 32,000 — consistent with PrimeXBT's base-case ceiling of 31,861. (d) YES scenario: AI-capex earnings beats in Q3 reporting and softer inflation take further hikes off the table, momentum carries NDX through the ~30,700 record to the 32,000–32,500 Fibonacci targets analysts have flagged, a ~8% move the index has shown it can make (33% in ten weeks earlier in 2026). A lognormal check with ~21% vol and modest positive drift over 0.28 years gives roughly 23-29%, so the Kalshi price of 24% (down 20 pts over 30 days as the Fed turned hawkish) looks about fair; I ignore the code_execution output because it used a stale 24,000 baseline. I settle slightly above the anchor at 25% to reflect realized 2026 volatility being higher than VIX ~15 implies.
claude-fable-5-1
52% conf
| Yes | 29% |
| No | 71% |
(0) Not resolved: FRED and Nasdaq's index history show NDX at 29,644 on Sept 18, 2026, ~7.9% below the 31,999.99 strike, and the 52-week/2026 high is only 30,762, so no close since issuance (June 5) has cleared 32,000. (a) ~72 trading days remain to the Dec 31 4pm ET close. (b) Status quo is No: the index would need an ~8% rally on top of a fresh Fed hiking cycle (25bp on Sept 16, 34-67% odds of more hikes priced), 10-year yields near 5%, and analyst base cases (PrimeXBT year-end ~30,200, max 31,861) that top out below the strike. (c) NO: yields stay >5%, chips/mega-caps see an earnings wobble, and the index consolidates in the 28,000-31,000 band as it has since June. (d) YES: AI-capex earnings beats plus a Fed pause push the index through the 30,762 record and the flagged 31,000-32,500 technical targets; a lognormal check at ~20-22% NDX vol with modest drift gives ~24-30% for a terminal close above 32,000, and the description's 'On/Before Dec 31' wording (MAXY series) hints this may settle on any close above 32,000, which would roughly double the odds—Tiger/Kalshi coverage in August quoted ~40% for a 2026 closing high above 32,000. The Kalshi anchor is 24% (flat over 7 days, down 20 pts over 30 days); I nudge modestly above it to reflect the touch-style resolution ambiguity, while the hawkish Fed and stalled momentum keep me from moving further.
gpt-5.6-sol
69% conf
| Yes | 25% |
| No | 75% |
(0) The condition is not already met: FRED and Nasdaq history put the September 18 close at 29,644.17, while the reported 52-week high of 30,762.20 is also below 31,999.99; the fetched Nasdaq resolution page lacked live data, creating modest source-risk but not evidence of resolution. (a) About 101 calendar days, or roughly 72 trading sessions, remain until the December 31, 2026 4 p.m. EST deadline. (b) If the index remains around its latest level, the market resolves No, since it must gain approximately 7.9% to finish at or above 32,000. (c) No results if elevated Treasury yields, additional Fed tightening, valuation pressure, or a mega-cap earnings disappointment keeps NDX near the high-20,000s or low-30,000s; the 4.94% 10-year yield and September Fed hike support that scenario. (d) Yes results if AI-driven earnings and risk appetite revive the earlier rally, taking NDX through its 30,762 record and another roughly 4% higher by year-end, a move that is plausible given 2026's demonstrated volatility. Kalshi's current 24% Yes price is the primary anchor, and I move only slightly to 25% because the verified starting level is much higher than the erroneous 24,000 baseline used by the supplied model, while the hawkish rate backdrop prevents a larger upgrade.
gpt-5.6-sol
73% conf
| Yes | 24% |
| No | 76% |
(0) The condition is not already met: FRED reports the Nasdaq-100 at 29,644.17 on September 18, below 31,999.99, while the official Nasdaq page failed to return usable live data; Yes still requires the index to close at or above 32,000 at 4pm ET on December 31. (a) About 101 calendar days, or roughly 72 trading sessions, remain until the deadline. (b) If the index remains near its current level, the market resolves No because it is approximately 7.9% below the threshold. (c) A No scenario is continued consolidation or a correction as nearly 5% Treasury yields, further Fed tightening, or weak mega-cap earnings prevent the required rally. (d) A Yes scenario is renewed AI-driven earnings strength and easing rate concerns producing an 8% or larger year-end rally; the index already demonstrated much larger moves earlier in 2026. Kalshi's current Yes price is 24%, and the evidence does not justify a material departure: the correct spot level makes the code model's very low estimate inapplicable, while the hawkish rate backdrop balances the index's recent volatility and proximity to its record high.
4. Final plain mean of 5 draws
27%
(60% confidence)
Yes: 27%
No: 73%
Mean of 5 draws (0.32, 0.25, 0.29, 0.25, 0.24). (0) Not resolved: FRED/Nasdaq show NDX at 29,644 on 2026-09-18, ~7.9% below the 31,999.99 strike, and the 52-week (and post-issuance) high is 30,762, so the level has never been reached; the direct resolution-source fetch returned no data. (a) ~3.3 months / ~72 trading days remain to the Dec 31 4pm close. (b) Status quo is NO — index is below the strike and the recent tape is range-bound near 29,000-29,700 with a newly hawkish Fed (25bp hike Sept 16, more hikes priced) and 10y yields near 5%. (c) NO: yields stay >5%, a mega-cap earnings miss or a third 10%+ correction (two already in 2026) keeps NDX below ~31,000 through year-end. (d) YES: AI-capex earnings in Oct/Nov plus a pause in Fed hikes drive a resumption of the spring-style rally through the 30,762 record to 32,000+; an 8% move over 3 months is ~0.7 sigma at ~20% NDX implied vol, giving roughly 20-25% terminal probability but ~40-45% probability of touching the level at some point. The key structural point: the ticker series (KXNASDAQ100MAXY) and the description's 'after issuance and On/Before Dec 31' language indicate a yearly-high/touch market, not a year-end-close market, which roughly doubles the fair probability versus the terminal reading — the research reports and the code-execution model (which also used a wrong 24,000 spot) treated it as terminal-only. I anchor on Kalshi's 24% (down from ~44% a month ago) but shade up toward the touch-market fair value, discounted for uncertainty about the exact resolution mechanics, bearish macro drift, and the possibility the crowd is right that this is effectively a year-end contract.
Pipeline Timing
Total pipeline time: 135.6s
Per-tool research timings shown in the Research section above.