macro · settles Dec 1, 2026

SPY closes below $650 before December 1

AI Baseline15.0%refreshed 12 hours ago
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Catalyst

SPY closes below $650 before December 1

settles Dec 1, 2026 · AI 15.0%

Target

Fed funds upper bound at or below 3.50% after the December FOMC

settles Dec 9, 2026 · AI 5.0%

AI Projection · P(target | catalyst = YES)14.3%▲ +9.3 pts

The contested edge: does the Fed put exist at current inflation? Seeded toward yes-it-does; disagreement expected.

refreshed 12 hours ago

If the catalyst resolved YES today, what's the probability of the target?

your estimate

14.3%
0%100%
Target AI Baseline 5.0%AI Projection 14.3%
SPY < $650 · by Dec 1 → Fed ≤ 3.50% · Dec FOMC — Consequitur