S&P 500
Equity index · Monthly series · IX-SPX
Latest, October 2026
7,580.1 pts
-0.9% from September 2026
Forecast
Forecast for October 2027: 8,334.0 pts, with an 80% interval of 6,742.4 pts to 9,925.6 pts.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 7,717.8 pts | 7,126.0 pts | 8,309.6 pts |
| December 2026 | 7,723.1 pts | 7,465.3 pts | 7,981.0 pts |
| January 2027 | 7,761.3 pts | 7,100.3 pts | 8,422.2 pts |
| February 2027 | 7,790.7 pts | 7,613.0 pts | 7,968.4 pts |
| March 2027 | 7,839.0 pts | 6,995.0 pts | 8,683.1 pts |
| April 2027 | 8,003.5 pts | 7,403.2 pts | 8,603.8 pts |
| May 2027 | 8,160.3 pts | 7,166.5 pts | 9,154.1 pts |
| June 2027 | 8,152.7 pts | 7,345.1 pts | 8,960.4 pts |
| July 2027 | 8,192.5 pts | 7,186.5 pts | 9,198.5 pts |
| August 2027 | 8,223.0 pts | 7,659.6 pts | 8,786.5 pts |
| September 2027 | 8,254.0 pts | 7,280.4 pts | 9,227.7 pts |
| October 2027 | 8,334.0 pts | 6,742.4 pts | 9,925.6 pts |
AI confidence
Limited evidenceAt least 6 complete tests are required; 5 are available.
Model: Gradient-boosted trees (machine learning)
- Accuracy vs naive
- n/aToo few tests (5 tests, 6 needed) (5 tests, 4 won)
- Direction
- n/aToo few tests (5 tests, 6 needed) (44 of 60 calls right in 5 tests)
- Turning points
- n/aToo few tests (5 tests, 6 needed) (28 turns in 5 tests, 0 without a turn)
- Error vs baseline
- 15% lowerError ratio 0.85; 1.00 is a tie.
- Tests won
- 4 / 5Complete recent tests excluded from model selection; ties count as no win.
- Test period
- 2021-11-01 to 2026-10-0112 observations ahead per test.
- 80% band coverage
- 88%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-14 against the cached history through 2026-10-01.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
5 of 5 models evaluatedModels are selected on older tests and evaluated on separate recent tests. All four classes completed their backtests.
Models tested
Gradient-boosted trees scored lowest on the 2 older tests (0.78) and was chosen. The 5 recent tests played no part in the choice and give its grade (0.85). The search for a model that beats the naive forecast on both sets of tests goes on. Scores are MASE: a model's errors divided by the naive forecast's, so 1 is a tie.
4 model classes completed the tests: Machine learning, Neural network, Foundation model, Statistical.
| Model | Class and compute | Older tests | Recent tests | Role |
|---|---|---|---|---|
| CatBoost (machine learning) | Machine learning · CPU | 0.78 | 0.85 | Serving |
| N-HiTS (neural network) | Neural network · CPU | 0.87 | 0.97 | Tested |
| Timestral (foundation model) | Foundation model · CPU | 0.93 | 0.91 | Tested |
| AutoETS (statistical) | Statistical · CPU | 0.95 | 0.82 | Tested |
| ci-proto (foundation model) | Foundation model · CPU | 0.95 | 0.91 | Tested |
| Naive forecast (last value held) | Benchmark · CPU | 1.00 | 1.00 | Benchmark |
Reading
It is above 98% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 7,580.1 pts |
| September 2026 | 7,651.5 pts |
| August 2026 | 7,686.1 pts |
| July 2026 | 7,489.7 pts |
| June 2026 | 7,499.4 pts |
| May 2026 | 7,580.1 pts |
| April 2026 | 7,209.0 pts |
| March 2026 | 6,528.5 pts |
| February 2026 | 6,878.9 pts |
| January 2026 | 6,939.0 pts |
| December 2025 | 6,845.5 pts |
| November 2025 | 6,849.1 pts |
| October 2025 | 6,840.2 pts |
| September 2025 | 6,688.5 pts |
| August 2025 | 6,460.2 pts |
| July 2025 | 6,339.4 pts |
| June 2025 | 6,204.9 pts |
| May 2025 | 5,911.7 pts |
| April 2025 | 5,569.1 pts |
| March 2025 | 5,611.8 pts |
| February 2025 | 5,954.5 pts |
| January 2025 | 6,040.5 pts |
| December 2024 | 5,881.6 pts |
| November 2024 | 6,032.4 pts |
Source
Data: public market data feeds.
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