{"receipt":{"id":"4f670249-8fd2-4c6b-afd5-48e1fddb0075","forecast_data_point_id":"5173c38e-4f88-4428-9529-19f00fcda3a6","status":"externally_anchored","status_note":"This receipt is signed by Preseen and externally timestamped by DigiCert RFC 3161 TSA.","payload_sha256":"11c1d26470e692062e36b6e42af286708ab41188f7728e9334fc23aa078d4837","signature":"QotM/IzKW4pnut0I5sL7WNwfVBjIG8ST4Yfw7zVj8f6TCMt5ZftI+BY4LArRe0Whpon7whtXKpEaR5DKuoddCw==","signature_algorithm":"ed25519","signature_encoding":"base64-raw-ed25519","public_key_id":"preseen-prod-ed25519-20260523","public_key":"CbFQINZmmv+VZJ9Ha23ibXpK8zz549ZcsMQNI8cha4g=","public_key_encoding":"base64-raw-ed25519","signed_at":"2026-07-21T05:28:43.859199+00:00","anchor_provider":"DigiCert RFC 3161 TSA","anchor_proof":{"type":"rfc3161_timestamp_token","policy":"2.16.840.1.114412.7.1","tsa_url":"http://timestamp.digicert.com","version":1,"gen_time":"2026-07-21T05:28:44+00:00","provider":"DigiCert RFC 3161 TSA","serial_number":"116876162815408171531903532726447978423","hash_algorithm":"sha256","token_der_base64":"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","response_der_base64":"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","message_imprint_sha256":"11c1d26470e692062e36b6e42af286708ab41188f7728e9334fc23aa078d4837"},"anchored_at":"2026-07-21T05:28:44+00:00","payload_canonical_json":"{\"artifact\":{\"data_schema_version\":2,\"forecast_data\":{\"format\":\"probability\",\"notes\":\"Synthesized ensemble forecast.\",\"payload\":{\"probability\":0.101},\"question_type\":\"binary\"},\"forecast_data_point_id\":\"5173c38e-4f88-4428-9529-19f00fcda3a6\",\"generated_at\":\"2026-07-21T05:28:43.799714+00:00\",\"metadata\":{\"engine\":\"durable_forecast\",\"model\":\"gpt-5.5\",\"model_route\":{\"deadline_seconds\":2400,\"managed_tools\":true,\"max_attempts\":2,\"metadata\":{},\"model\":\"gpt-5.5\",\"native_code_execution\":true,\"native_web_search\":true,\"provider\":\"openai\",\"reasoning_effort\":\"xhigh\"},\"orchestration_backend\":\"durable_forecast\",\"provider\":\"openai\",\"question_type\":\"binary\"},\"sources\":[{\"cutoff_date\":null,\"display_name\":\"Domain Expert Search\",\"first_seen_at\":\"2026-07-21T05:22:32.853239+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Found 14 subagent groups for 'US stock market valuation concentration AI capex bubble risk Nasdaq drawdown forecast 2030':\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Yfinance\",\"first_seen_at\":\"2026-07-21T05:23:19.494603+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"| Metric | Value |\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Cboe vix\",\"first_seen_at\":\"2026-07-21T05:23:19.494717+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"VIX as of 2026-07-20:\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Clevelandfed\",\"first_seen_at\":\"2026-07-21T05:23:19.494767+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Cleveland Fed Yield Curve Recession Probability (Monthly)\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Oecd cci\",\"first_seen_at\":\"2026-07-21T05:23:19.494787+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"OECD Composite Leading Indicator (LI)\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Nber\",\"first_seen_at\":\"2026-07-21T05:23:19.495197+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Tool nber_search_articles on nber returned an error:\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"xomyfoimqknwssudtavl.supabase.co\",\"first_seen_at\":\"2026-07-21T05:23:19.495326+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://xomyfoimqknwssudtavl.supabase.co/rest/v1/nber_articles?select=paper_number%2Ctitle%2Cauthor%2Cabstract%2Cprograms%2Cjel_codes%2Cpost_date%2Cword_count&fts=wfts.global+stock+market+crashes+50+percent+decline+five+years+Goetzmann+bubble+investing&order=post_date.desc&limit=5&post_date=lte.None\"},{\"cutoff_date\":null,\"display_name\":\"developer.mozilla.org\",\"first_seen_at\":\"2026-07-21T05:23:19.495336+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://developer.mozilla.org/en-US/docs/Web/HTTP/Status/400\"},{\"cutoff_date\":null,\"display_name\":\"xomyfoimqknwssudtavl.supabase.co\",\"first_seen_at\":\"2026-07-21T05:23:19.495527+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://xomyfoimqknwssudtavl.supabase.co/rest/v1/nber_articles?select=paper_number%2Ctitle%2Cauthor%2Cabstract%2Cprograms%2Cjel_codes%2Cpost_date%2Cword_count&fts=wfts.stock+market+crashes+depression+Barro+Ursua+2009+stock+market+crashes+25+percent+50+percent&order=post_date.desc&limit=5&post_date=lte.None\"},{\"cutoff_date\":null,\"display_name\":\"FRED\",\"first_seen_at\":\"2026-07-21T05:23:51.538753+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Series: NASDAQCOM\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T05:23:51.538841+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/NASDAQCOM\"},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T05:23:51.538995+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/BAMLH0A0HYM2\"},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T05:23:51.539074+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/VXNCLS\"},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T05:23:51.539135+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/T10Y2Y\"},{\"cutoff_date\":null,\"display_name\":\"fed Rates\",\"first_seen_at\":\"2026-07-21T04:36:26.719833+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"ERROR: tool 'fed-rates.fedrates_get_treasury_yields' did not respond within 90s and was cancelled by the gateway. The downstream tool may be hung, the upstream API may be slow or unreachable, or your arguments may have triggered an unusually expensive query. Retry with narrower arguments (smaller date range, fewer entities), call a more targeted tool, or skip this dimension and continue with the rest of your research.\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720174+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/data/sloos/sloos-202604.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720186+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/data/sloos/sloos-202601.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720193+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/data/sloos/sloos-202510.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720199+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/data/sloos.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720405+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/beigebook202607-summary.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720412+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20260715.pdf\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720418+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20260603.pdf\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720423+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/beigebook202605-summary.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:36:26.720429+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm\"},{\"cutoff_date\":null,\"display_name\":\"Newyorkfed\",\"first_seen_at\":\"2026-07-21T04:36:26.720479+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"# Monetary Policy Implementation Snapshot - 2026-07-21\\n\\n## Policy Rates\\n\\n### Latest Rates (2026-07-17)\\n\\n- **EFFR**: 3.6300% | Target Range: 3.50-3.75% | Volume: $111.0B\\n- **OBFR**: 3.6200% | Volume: $258.0B\\n- **TGCR**: 3.5600% | Volume: $1248.0B\\n- **BGCR**: 3.5600% | Volume: $1272.0B\\n- **SOFR**: 3.5900% | Volume: $3030.0B\\n\\n## Repo Facility Usage\\n\\n- **ON RRP (Overnight Reverse Repo)**: $30.0M (as of 2026-07-20)\\n\\n## Fed Balance Sheet (SOMA)\\n\\n### Holdings (as of 2026-07-15)\\n\\n- **Treasury Bills**: $…\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Eodhd\",\"first_seen_at\":\"2026-07-21T04:36:26.720557+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Earnings Trends for AAPL.US,MSFT.US,NVDA.US,AMZN.US,GOOGL.US,META.US,TSLA.US:\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"consumerfinance.gov\",\"first_seen_at\":\"2026-07-21T04:38:02.069791+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.consumerfinance.gov/rules-policy/final-rules/ability-to-pay-qualified-mortgage-rule\"},{\"cutoff_date\":null,\"display_name\":\"federalregister.gov\",\"first_seen_at\":\"2026-07-21T04:38:02.069805+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalregister.gov/d/2020-27567/p-17.Return\"},{\"cutoff_date\":null,\"display_name\":\"Domain Expert Research Task\",\"first_seen_at\":\"2026-07-21T04:49:17.814528+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Job domain_expert_research_task_38e7cb2658 done after 321314ms.\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.934703+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/pressreleases/monetary20260617a.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.934732+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/pressreleases/monetary20260429a.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.934740+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/pressreleases/monetary20251210a.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.934748+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.934765+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/speech/barr20260714a.htm\"},{\"cutoff_date\":null,\"display_name\":\"stlouisfed.org\",\"first_seen_at\":\"2026-07-21T04:48:59.935349+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/files/excel/fomc_dissents_data.xlsx\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.935375+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/speech/jefferson20260716a.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.935384+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/speech/cook20260715a.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.935392+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/speech/waller20260713a.htm\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.935400+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/newsevents/speech/waller20260706a.htm\"},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T04:48:59.935451+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/BAA10YM\"},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T04:48:59.935460+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/DGS10\"},{\"cutoff_date\":null,\"display_name\":\"fred.stlouisfed.org\",\"first_seen_at\":\"2026-07-21T04:48:59.935469+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://fred.stlouisfed.org/series/DRCCLACBS\"},{\"cutoff_date\":null,\"display_name\":\"federalreserve.gov\",\"first_seen_at\":\"2026-07-21T04:48:59.935485+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.federalreserve.gov/monetarypolicy/fomcprojtabl20260617.htm\"},{\"cutoff_date\":null,\"display_name\":\"errors.pydantic.dev\",\"first_seen_at\":\"2026-07-21T04:30:13.566067+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://errors.pydantic.dev/2.13/v/unexpected_keyword_argument\"},{\"cutoff_date\":null,\"display_name\":\"BLS\",\"first_seen_at\":\"2026-07-21T04:33:57.173776+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Series: LNS14000000\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"Fhlb\",\"first_seen_at\":\"2026-07-21T04:33:57.173801+00:00\",\"kind\":\"tool\",\"provider\":\"mcp\",\"snippet\":\"Tool fhlb_get_liquidity_stress_indicators on fhlb returned an error:\",\"url\":null},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523702+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w23191\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523716+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w8221\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523726+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w20370\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523735+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w27380\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523744+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w28528\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523752+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w8436\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523760+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w9858\"},{\"cutoff_date\":null,\"display_name\":\"nber.org\",\"first_seen_at\":\"2026-07-21T04:39:09.523767+00:00\",\"kind\":\"web\",\"provider\":\"tool\",\"snippet\":null,\"url\":\"https://www.nber.org/papers/w8630\"},{\"cutoff_date\":null,\"display_name\":\"Yield Curve and Predicted GDP Growth\",\"first_seen_at\":\"2026-07-21T04:57:58.672640+00:00\",\"kind\":\"web\",\"provider\":\"openai\",\"snippet\":null,\"url\":\"https://www.clevelandfed.org/indicators-and-data/yield-curve-and-predicted-gdp-growth\"}],\"write_up\":\"## TL;DR\\nI estimate a 10% chance that the Nasdaq Composite closes at least 65% below its running all-time closing high by 2030-12-31. The full FRED/Nasdaq daily-close history from 1971-02-05 through 2026-07-20 has one qualifying case, the 2000-2002 dot-com collapse, with the 1973-1974 and 2007-2009 bears as severe but non-qualifying misses ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). Valuation, concentration, and AI-capex fragility raise the risk above the raw historical rate, but current labor, credit, yield-curve, and volatility data do not show a crash already underway ([Nasdaq fact sheet](https://indexes.nasdaq.com/docs/FS_COMP.pdf), [BLS June 2026 employment release](https://www.bls.gov/news.release/empsit.htm), [FRED high-yield OAS](https://fred.stlouisfed.org/data/BAMLH0A0HYM2), [Cboe VIX](https://www.cboe.com/tradable-products/vix)).\\n\\n## Context\\nThe resolution series is a daily closing price index. FRED describes NASDAQCOM as Nasdaq-sourced, daily close, not seasonally adjusted, with units of index value where 1971-02-05 equals 100; its current vintage covers 1971-02-05 through 2026-07-20 and was last updated at 10:40 PM CDT on 2026-07-20 ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). The latest close before this forecast was 25,508.07 on 2026-07-20, while the highest close in that same file was 27,093.90 on 2026-06-02; the current qualifying level is 9,482.87, so the index is 5.85% below the record and would need another 62.8% fall from the latest close if no new high is made first ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)).\\n\\nThe index is broad but not diversified in the way the name can imply. Nasdaq says the Composite tracks more than 3,000 Nasdaq-listed stocks and is market-cap weighted, so the biggest firms drive the close ([Nasdaq Composite overview](https://www.nasdaq.com/solutions/global-indexes/nasdaq-composite)). Nasdaq's 2026-06-30 fact sheet lists 3,374 securities, 63.51% technology weight, and top-10 component weights summing to 53.29%, including Nvidia at 10.59%, Apple at 9.29%, Microsoft at 6.06%, Amazon at 5.61%, Alphabet A and C at 8.76% combined, Broadcom at 3.92%, Tesla at 3.45%, Micron at 2.85%, and SpaceX common A at 2.76% ([Nasdaq fact sheet](https://indexes.nasdaq.com/docs/FS_COMP.pdf)).\\n\\n## Evidence\\nThe historical base rate is low but not tiny. I treated the FRED/Nasdaq file as the primary history, using about 13,980 numeric daily closes from 1971-02-05 through 2026-07-20 and calculating running all-time peaks and daily-close drawdowns ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). The event has happened once in that 55.5-year history: the Nasdaq fell from 5,048.62 on 2000-03-10 to 1,114.11 on 2002-10-09, a 77.9% drawdown ([FRED 2000 peak and 2002 trough data](https://fred.stlouisfed.org/data/NASDAQCOM), [Reuters/Yahoo Nasdaq bear-market factbox](https://www.yahoo.com/news/factbox-past-nasdaq-bear-markets-221755858.html)).\\n\\n| Episode | Peak close | Trough close | Max daily-close drawdown | Qualified? | Source |\\n|---|---:|---:|---:|---|---|\\n| 1973-1974 bear market | 136.84 on 1973-01-11 | 54.87 on 1974-10-03 | -59.9% | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| 1987 crash period | about 455.10 on 1987-08-25 | about 298.90 on 1987-10-26 | about -34% | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| 1990 recession bear | about 469.60 on 1990-07-16 | about 327.60 on 1990-10-12 | about -30% | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| 2000-2002 dot-com crash | 5,048.62 on 2000-03-10 | 1,114.11 on 2002-10-09 | -77.9% | Yes | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| 2007-2009 financial crisis | 2,859.12 on 2007-10-31 | 1,268.64 on 2009-03-09 | -55.6% | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| 2020 COVID crash | 9,817.18 on 2020-02-19 | 6,860.67 on 2020-03-23 | -30.1% | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| 2021-2022 rate shock | 16,057.44 on 2021-11-19 | 10,213.29 on 2022-12-28 | -36.4% | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n| Current drawdown | 27,093.90 on 2026-06-02 | 25,508.07 on 2026-07-20 | -5.85% so far | No | [FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM) |\\n\\nA naive Poisson model with one qualifying event in 55.5 years gives 1 - exp(-4.45/55.5), or 7.7%, for the window from 2026-07-21 to 2030-12-31. A Gamma-Poisson version that allows more parameter uncertainty gives about 11% with a Jeffreys-style prior. I use 10% as the Nasdaq-history anchor because a one-event sample should not be treated as precise.\\n\\nThe severe-drawdown reference class points to the same range. Three Nasdaq drawdowns since 1971 reached roughly 50% or worse: 1973-1974, 2000-2002, and 2007-2009; only one crossed 65% ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). A 50%+ drawdown arrival rate gives a 21% chance of at least one such episode over 4.45 years, and a one-third to two-fifths conditional chance that such an episode reaches 65% gives roughly 7% to 9%. Global evidence is consistent with this being a tail event: Barro and Ursúa find 232 stock-market crashes of at least 25% real declines across 30 countries through 2006, but that threshold is far below this question's 65% nominal daily-close drawdown ([NBER Barro-Ursúa paper](https://www.nber.org/papers/w14760)). Goetzmann's cross-country sample puts the unconditional five-year probability of a 50% market halving at 6.31%, rising to 15.28% after a 100% real price increase, again using a milder threshold than this question ([NBER Goetzmann paper](https://www.nber.org/system/files/working_papers/w21693/w21693.pdf)).\\n\\nThe reason I do not stop at the raw 8% base rate is the starting point. The S&P 500 Shiller CAPE was around 41.5 in mid-July 2026, which is close to dot-com-era valuation territory, although CAPE is a broad-market proxy rather than an official Nasdaq Composite valuation ([Multpl Shiller PE](https://www.multpl.com/shiller-pe/table/by-year), [AreStocksCheap CAPE](https://arestockscheap.com/metrics/us-cape)). Nasdaq's 63.51% technology weight and 53.29% top-10 weight make this more like a concentrated technology bet than a generic U.S. equity index ([Nasdaq fact sheet](https://indexes.nasdaq.com/docs/FS_COMP.pdf)). Goldman Sachs Research wrote on 2026-07-10 that AI-related companies had gained about $27 trillion in market value since November 2022 and warned that the market may be overestimating the persistence of earnings streams tied to the capex boom, even while arguing that the comparison with 1999-2000 is not straightforward because earnings have risen too ([Goldman Sachs Research](https://www.goldmansachs.com/insights/articles/are-us-stock-market-valuations-outpacing-fundamentals)).\\n\\nCurrent macro and financial-stress data lower the near-term risk. BLS reported that June 2026 nonfarm payroll employment rose 57,000 and unemployment was 4.2%, with the release published on 2026-07-02 ([BLS Employment Situation](https://www.bls.gov/news.release/empsit.htm)). The FOMC's 2026-06-17 Summary of Economic Projections had 2026 median real GDP growth at 2.2%, Q4 unemployment at 4.3%, PCE inflation at 3.6%, and the federal funds rate at 3.8%, which is a sticky-inflation expansion baseline rather than a recession baseline ([Federal Reserve SEP](https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20260617.pdf)). High-yield option-adjusted spreads were 2.73 percentage points on 2026-07-17, the 10-year minus 2-year Treasury spread was positive at 0.39 percentage points on 2026-07-20, VIX was 18.65 on 2026-07-20, and VXN was 29.03 on 2026-07-17 ([FRED high-yield OAS](https://fred.stlouisfed.org/data/BAMLH0A0HYM2), [FRED 10Y-2Y spread](https://fred.stlouisfed.org/data/T10Y2Y), [Cboe VIX](https://www.cboe.com/tradable-products/vix), [FRED VXN](https://fred.stlouisfed.org/data/VXNCLS)). That combination says tech-specific risk is priced above broad-market risk, but not that credit markets are in a forced-liquidation state.\\n\\nMy numerical synthesis is: 35% weight on Nasdaq's own history with parameter uncertainty, centered at 10%; 20% on the 50%+ drawdown pathway, centered at 8%; 15% on global and broad-market crash evidence, centered at 6%; 20% on the current valuation, concentration, and AI-capex setup, centered at 18%; and 10% on the current macro and credit dashboard, centered at 5%. That weighted blend is 10.1%. It is above a plain historical base rate because the starting valuation and index concentration are unfavorable; it is below the high-teens bubble story because today's leading Nasdaq firms are large, profitable, and credit conditions are still calm.\\n\\n## What's non-obvious\\nThe key negative analogue is the global financial crisis. A systemic banking crisis and deep recession took the Nasdaq down 55.6% from its 2007 peak, not 65% ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). The threshold is not just a bad recession. It usually needs a sector bubble to break in the same direction as macro stress.\\n\\nThe key positive analogue is path dependence. The current trigger, 9,482.87, is only about 7% below the 2022 trough of 10,213.29, so a return to slightly below the 2022 absolute low would now count as a near-65% drawdown because the 2026 peak is much higher ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). The dot-com crash also first crossed the 65% line well before its final 2002 trough: 35% of the 2000 peak was 1,767.02, and the index closed at 1,673.00 on 2001-04-03 and 1,638.80 on 2001-04-04 ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)). That means the calendar still allows a qualifying crash even if the market peaks later, but only if the unwind is unusually violent.\\n\\n## Limitations\\nThe main limitation is sample size. The official Nasdaq Composite daily history has one qualifying event, so the difference between 8%, 10%, and 12% mostly comes from judgment about whether 2026 resembles 2000 enough to raise the base rate ([FRED Nasdaq daily data](https://fred.stlouisfed.org/data/NASDAQCOM)).\\n\\nThe second limitation is valuation measurement. I could verify Nasdaq's weights and sector mix, and broad U.S. CAPE, but I did not find a clean official Nasdaq Composite aggregate forward P/E, free-cash-flow yield, or earnings-sensitivity table for the current constituents ([Nasdaq fact sheet](https://indexes.nasdaq.com/docs/FS_COMP.pdf), [Multpl Shiller PE](https://www.multpl.com/shiller-pe/table/by-year)). That matters because a profitable mega-cap earnings bubble should have a lower 65% drawdown probability than a profitless-stock issuance bubble at the same index level.\\n\\nThe third limitation is current stress data. FRED's high-yield OAS page notes that starting in April 2026 the series only includes three years of observations, so I used the latest level as a current stress gauge rather than as a full-cycle historical comparison ([FRED high-yield OAS](https://fred.stlouisfed.org/data/BAMLH0A0HYM2)). I also did not find a reliable public options-implied probability for this exact Nasdaq Composite running-peak resolution rule through 2030.\"},\"engine\":{\"metadata\":{\"engine\":\"durable_forecast\",\"model\":\"gpt-5.5\",\"model_route\":{\"deadline_seconds\":2400,\"managed_tools\":true,\"max_attempts\":2,\"metadata\":{},\"model\":\"gpt-5.5\",\"native_code_execution\":true,\"native_web_search\":true,\"provider\":\"openai\",\"reasoning_effort\":\"xhigh\"},\"orchestration_backend\":\"durable_forecast\",\"provider\":\"openai\",\"question_type\":\"binary\"},\"settings\":{\"claude_runtime\":\"e2b\",\"provider\":\"openai\",\"reasoning_effort\":\"high\",\"subforecast_count\":4,\"subforecast_model\":\"gpt-5.5\",\"synthesis_model\":\"gpt-5.5\",\"synthesis_reasoning_effort\":\"xhigh\"}},\"forecast\":{\"callsign\":\"TALON22-01\",\"created_at\":\"2026-07-21T04:28:50.162008+00:00\",\"forecast_task_id\":\"a64bd9bf-508d-4721-82e4-f4cd12855645\",\"id\":\"17fa51b7-ccb4-4e31-8ca6-bcf723b9834c\",\"orchestrator_model\":\"gpt-5.5\",\"question_version_id\":\"a9fafb75-8c2f-4c4e-9d54-c8968f9e2a0f\",\"research_model\":\"gpt-5.5\",\"trigger_kind\":\"manual\"},\"issuer\":\"Preseen\",\"product\":\"Preseen\",\"question\":{\"callsign\":\"TALON22\",\"description\":\"This question asks whether the Nasdaq Composite Index (ticker: COMP) will experience a drawdown of at least 65% from its highest official closing value ever recorded, with the drawdown occurring at any point on or before 2030-12-31. As of July 2026, the Nasdaq Composite is trading near all-time highs after setting new records during 2025-2026.\\n\\nThe reference peak is the highest official closing value the Nasdaq Composite has achieved at any time in its history up to the moment the qualifying drawdown is evaluated. If a new all-time closing high is established before 2030-12-31, that new closing high becomes the reference peak for subsequent evaluation.\",\"fine_print\":\"The question refers to the Nasdaq Composite Index, not the Nasdaq-100 Index or any ETF.\\n\\nOnly official closing values are used. Intraday highs or lows that are not reflected in the official closing value do not count. Index revisions or corrections published by the official source before resolution should be used. If trading is halted or the market closes early, the officially published closing value for that trading session will be used.\",\"id\":\"687317fb-5777-4438-9b17-d869cdc657bc\",\"lower_bound\":null,\"open_lower_bound\":false,\"open_upper_bound\":false,\"options\":[],\"options_are_comprehensive\":true,\"options_are_mutually_exclusive\":true,\"question_type\":\"binary\",\"resolution_check_date\":null,\"resolution_criteria\":\"Resolve YES if, at the close of any trading day on or before 2030-12-31, the official closing value of the Nasdaq Composite Index is at least 65.0% below the highest official closing value the index has reached up to that date.\\n\\nEquivalently, let P be the highest official closing value recorded up to a given trading day, and let C be the official closing value on that trading day. Resolve YES if C <= 0.35 × P.\\n\\nOtherwise, resolve NO.\\n\\nThe primary resolution source will be Nasdaq's official historical index data. If unavailable, FRED (Federal Reserve Bank of St. Louis, sourced from Nasdaq) or another widely recognized historical market data provider reporting official Nasdaq Composite closing values may be used.\",\"scale_type\":\"\",\"title\":\"Will NASDAQ fall at least 65% from its historical peak at any time before the end of 2030?\",\"upper_bound\":null},\"question_version\":{\"created_at\":\"2026-07-21T04:28:40.279458+00:00\",\"created_reason\":\"question_created\",\"id\":\"a9fafb75-8c2f-4c4e-9d54-c8968f9e2a0f\",\"version_number\":1},\"receipt_kind\":\"forecast_attestation\",\"receipt_schema_version\":1,\"signature_context\":{\"key_source\":\"configured\",\"public_key_id\":\"preseen-prod-ed25519-20260523\",\"signature_algorithm\":\"ed25519\",\"signed_at\":\"2026-07-21T05:28:43.859199+00:00\"}}","verification":{"valid":true,"error":""},"created_at":"2026-07-21T05:28:43.866602+00:00","updated_at":"2026-07-21T05:28:44.317739+00:00"}}