Will the S&P 500 decline by 20% or more (peak-to-trough) at any point during 2026?
Resolves Sep 16, 2026
29%probability
4-model average
LOWconfidence
building category history
—stability
loading
Alignedmodels
10pt spread
The three supporting readings tell you how much weight to put on the probability: confidence reflects category-level track record, stability tracks how the estimate has moved over time, models shows whether the four agree.
Belief trajectory
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Per-model probabilities
GPT-4o
35%+6 vs avg
Gemini
50%+21 vs avg
Claude
28%-1 vs avg
Grok
25%-4 vs avg
Resolution criteria
SourceS&P 500 price index (FRED SP500 or Bloomberg)
CRENE-FED75-POL-016-20260916Generated May 11, 2026