US headline inflation rate in July (year-over-year CPI)

✨ The market is nearly evenly split between a crash to $55 and a surge to $120, but the small recent shift toward the dump scenario reflects that near-term demand weakness and infrastructure investment are outweighing supply disruption risks for now.

✨ Despite safe-haven demand from the Middle East conflict, gold is trading below $4,000 and facing a bearish 'death cross' technical pattern, pushing the market strongly toward a dump to $3,700 (71% odds) rather than a pump to $4,900.

✨ The field is highly concentrated on Nvidia, but the sum of top-three odds exceeding 100% reflects overlapping bets rather than certainty, and the biggest recent shift is the emergence of SpaceX as a speculative contender, as highlighted by Benzinga on June 16, which could fragment the race if its valuation narrative gains traction.

✨ The field is heavily concentrated on a rate hold at 76%, yet the 22% chance of a hike indicates genuine uncertainty, driven by the Fed chair's ambiguous signals and mixed global inflation data that could still tip the decision either way.

✨ The market is heavily concentrated on zero cuts (72%), reflecting a clear consensus that the Fed under new Chair Warsh will hold rates steady through 2026. The recent Fed minutes (Jul 8) revealing 'inflation concerns grew' and a 'family fight' over rates have solidified the no-cut view, pushing the one-cut option below 25%.

✨ The field is extremely concentrated on a single outcome—zero rate cuts in 2026—with 85% probability, and the biggest recent shift is the market pricing in hikes rather than cuts, as economists stick to their cut call while markets price in hikes (Bloomberg.com, Jul 24) and the Fed faces a rate hike debate (The South Shore Press, Jul 25).