Readings may not describe today48 scheduled closes did not landWhy →
48 behind

48 scheduled closes did not land — the daily index publish was due at 10:37 UTC on 2026-09-23 and the newest print on file is still 2026-09-22. The reading below is carried forward from that date and does not describe today.

Readings below are the last that settled; none has been carried forward, restated or interpolated to cover the gap. Every row states its own date and wears its own age. How the desk publishes

WNEW3

W.E.T. Inverse New Orleans Football Index 6mo

v1StandingExperimentalStanding
No reading published for 2026-09-22

The §2.6 ladder refused this print at rung 2. A refusal is publishable; a carried-forward level is not — so this index shows nothing today rather than yesterday’s number wearing today’s date.

Governed close level
—
no level published
Gauge
—
Divisor
—
what chains this level to the last
Closes
3
latest 2026-09-22
The opposing reading

new-orleans-football-inside-six-months reads — against this index’s —. Same markets, opposite side.

Coverage
4 of 4 admitted markets pricedκ 1.0000 · floor 0.95weights two-sided-depth · cap 15.0%
Withheld by the sentinel

32 input(s) were quarantined by sentinel/v1 before this close and are excluded from the reading above.

What would make this reading wrong
  • The board stops listing markets that name New Orleans's football clubs inside this window: the selector then admits fewer than 6 markets and the index prints nothing rather than a level over a roster that no longer states the thesis.
  • Weight coverage falls below the declared floor of 95%, at which point the published state is insufficient_data and no value is printed — never a value carried forward from the last close that had one.
  • A New Orleans club in another sport starts sharing this one's published vocabulary, at which point the declared exclusions stop separating the two and the composition would silently become an all-sports index for this metro wearing a single-sport name.
How this reading was constructed (12)
  • 4 priced constituent(s) against this spec's 6 floor — below it there is no index, there is a market
  • 4 of 4 published weight(s) exceed the declared 0.15 cap — the largest is 0.250000. No valid capped vector exists for this roster, so `cappedWeights` returned one that violates the ceiling: at n = 1 it short-circuits at [1] before its own cap-feasibility test; when cap·n < 1 the equal-weight fallback 1/n is above the cap by definition; and when the members carrying a weighable basis number fewer than 1/cap the fixpoint caps them all, finds no room left to redistribute into, and renormalizes them back above the ceiling. The cap is NOT enforced on this vector and the row says so rather than printing a ceiling it did not apply.
  • the weight vector is degenerate — the 0.15 cap is unreachable with 4 constituents (cap·n = 0.6000 < 1), so the weights are equal, not basis-derived
  • universe: resolved by universe/v1 over 9403 candidate canonical event(s) from the `tape-text` source (${m.title ?? ''} ${m.marketRef}), admitting 14. Rejections by reason: excluded-keyword 276, keyword-miss 9110, horizon-outside-window 3.
  • universe: the declared 60–200d horizon window (axis 8) was APPLIED and removed 3 event(s) that every other selector admitted. A member resolving outside the window this index publishes is not a member of this index's horizon, whatever else it is.
  • universe: 9110 event(s) missed the keyword screen on the `tape-text` source, which carries ${m.title ?? ''} ${m.marketRef} and NOT the venue subtitle, tag or series the nomination pool sees. That count is the UPPER BOUND on what the richer string could have added here; it is published rather than estimated, because the tape cannot supply the text that would settle it.
  • 276 canonical event(s) matched an excludeKeywords term and were not admitted. An exclusion is an ADMISSION decision and never a side one (§3.1): nothing here flips a member, it only declines to hold it.
  • eligibility: 10 of 14 admitted event(s) left the roster on the spec's own declared eligibility (minVolume 250, maxSpread 0.1, price 0.02-0.98) — by reason: below-min-volume 6, price-below-floor 3, spread-too-wide 1. An ineligible market is out of the universe; a member the close could not price stays in it and is counted against κ.
  • orientation: the declared `threshold` framing axis (§3.3) was re-read on this tape and took NO force [undetermined:coverage], framing 0 of 4 members and holding 0 of them NO. The declared threshold axis frames 0 of 4 members (0%), under the published 50% bar, so it takes no force today and no member is flipped by it. An axis that frames a corner of the board would state a direction for members it never read. This is the spec's own invalidation condition, measured rather than assumed. The axis is re-read at every close rather than frozen into a declared side table, so a roster whose contracts resolve and are replaced is oriented by the rule this spec published rather than by one evening's reading of it (cultivation-orientation/v3).
  • orientation: because the declared `threshold` axis took no force today, every member not named in `sideRules.declaredSides` and not matched by a keyword list is held on the venue's own YES framing. That reads the board's LISTING CONVENTION rather than this index's thesis, and it is the state the spec's own invalidation conditions name — published here rather than left to look like a decision the axis made.
  • no complement is available: the base printed nothing (insufficient_data). The identity needs two numbers, and an absent one is never treated as a zero.
  • no published document file was found for this spec, so the byte comparison had nothing to compare against and only the recompile legs ran. The whitepaper is compiled per request by /methodology/<slug>, which is a publication lag rather than a ledger fault — but the ABSENCE is published here, because an unsupplied optional parameter is invisible on the row and that invisibility is what let this leg go unrun.
Why there are two levels on this page

The governed close level above is divisor-chained: it tracks how the desk’s reading of this perspective has moved since 2026-09-20, and it survives a roster change because the divisor absorbs it. It is not a basket total return.

The basket total return below is a position book: it holds a fixed set of contracts from its own inception and reports what that book did, marks and settlements included. A roster change starts a new book rather than being absorbed.

They share a base of 1,000 and nothing else. Expect them to differ, and read the one that answers your question — the chained level for “where does this perspective stand”, the book for “what would holding it have done”.

spec 68d21fe539c15349 · methodology c0f5cbd9312ec793 · closed by standing/v1 · lifecycle experimental · class standing · no directional statement permitted from this print

No value publishedfor 2026-09-22§2.6 rung 2

4 priced constituent(s) against this spec's 6 floor — below it there is no index, there is a market

Last published reading: 79.76 on 2026-09-21. It is not carried forward.

The same markets naming New Orleans Saints, read on the down case of the threshold axis rather than the up case.

Basket level · official print6 held · close 2026-11-05
1072.15+7.21%since inception · base 1000

hypothetical · mid marks · before fees, spread and slippage

Basket performance

hypothetical · mid marks · before fees, spread and slippage
Basket total return
1072.15
Since inception
+7.21%
Cost to cross
—
Holdings marked
50.0% of 6
1 day
+0.29%
7 day
0.00%
Markets held
6
Settled
0
Rebalanced out
0
Hit rate
—
Cash
46.6%
Inception
2026-09-20
Weighting
Equal notional
Marks
Two-sided mid
Days tracked
26

Equal notional from each holding’s inception mark, re-marked at the two-sided mid. Percentages only, size-blind — never a cash figure and never a performance claim.

Cost to cross is the weighted half-spread at the touch on the newest mark tape: what entering at the quote rather than the midpoint would have cost. It is the price of the FIRST unit and says nothing about the tenth — the resting size beside each holding is published so a reader can judge whether their own size fits. It is not deducted from any return above.

A published measurement of what these markets did together. Not an account, not directly investable; W.E.T. never handles orders.

Holdings · 6 markets

held since 2026-09-20 · the reading above is computed over today's roster, which differs
MarketNowReturn
  • NFC South Division Winner? — New Orleansgemini · NO · entry 72c9 sessions stale90c+25.9%↗
  • Will New Orleans Saints win the 2026 NFC South?polymarket · NO · entry 71c88c+23.2%↗
  • Will the New Orleans Saints make the 2027 NFL Playoffs?polymarket · NO · entry 69c86c+24.8%↗
  • Will New Orleans Saints finish the 2026-27 NFL regular season with the most rushing yards?polymarket · NO · entry 97c99c+2.4%↗
  • Will the Saints win the season series against the Panthers during the 2026-27 NFL regular season?polymarket · NO · entry 74c20 sessions stale82c+11.6%↗
  • Will New Orleans Saints advance to the NFC Championship Game in the 2027 NFL Playoffs?polymarket · NO · entry 96c12 sessions stale95c−1.4%↗

Full basket ledger — settled outcomes, rebalance history, methodology →

Contribution by category

weight share of the roster the last close weighed
unclassified100% · 4

Constituents by weight

all 4 · what today's reading was computed over (2026-09-22) · the basket below holds a different set

WNEW3 · at a glance

What it is
The same markets naming New Orleans Saints, read on the down case of the threshold axis rather than the up case.
High vs low
Higher = the composition is pricing more support for this thesis. Lower = less. A reading of market prices, not a W.E.T. forecast.
Who cares
Anyone tracking how new-orleans-football is being priced across venues on a composition of at least 6 markets resolving inside 200 days.

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“The W.E.T. Inverse New Orleans Football Index 6mo (WNEW3) publishes a daily WET Index Score on a 0–100 scale, per World Event Trading.”

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