The Index Desk Report

Tuesday, August 4, 2026

The desk's daily brief — every WET Index Score, what moved it, and the projection watch. Composed arithmetically from the audited daily prints; published every morning. Subscribe via RSS.

Headline · WWRI

W.E.T. World Risk Index

19.8Very low
29 / 29 live3 elevated16 calm

W.E.T. World Risk Index (WWRI) prints a WET Index Score of 19.8 (Very low), flat.

Published at 19.8 (Very low), led by climate-risk (15% leg) (25→28%) +0.4; recession-odds (25% leg) (24→23%) −0.2.

The board: 29 of 29 benchmarks live — 3 elevated (≥60), 16 calm (<40).

WET Implied · real-unit readings

  • Fed Path (WIFP): next meeting (Sep 2026) prices +13.5bps expected change (43% hold); cumulative +23.9bps by Dec 2026.
  • Inflation (WIIN): Jul 2026 CPI YoY implied at 3.34% (80% band 3.2–3.48%, n=21 strikes).

Overround-normalized, isotonic-repaired readings of Kalshi contract ladders — numbers with units, not sentiment gauges.

What moved

  • WNFL 60.1 (▲7.9) — Rose 7.9 to 60.1 (Elevated), led by Canelo Alvarez vs Christian Mbilli Winner? — Canelo… (left the basket) −5.1; Harry Kane — Who will win the Ballon d'Or this year? (56→55%) +1.8; Los Angeles D — Pro Baseball Champion (42→41%) +1.0.
  • WFLA 52.6 (▼6.5) — Fell 6.5 to 52.6 (Moderate), led by US x Iran Effective Ceasefire by August 14? (32→36%) +1.1; US x Iran diplomatic meeting by August 7, 2026? (93→96%) +0.9; Will Iran announce withdrawal from MOU negotiations… (98→97%) −0.6.
  • WDCW 29.4 (▼3.1) — Fell 3.1 to 29.4 (Low), led by Will the Fed increase interest rates by 25 bps afte… (57→55%) −0.5; US x Iran diplomatic meeting by September 30, 2026? (68→65%) +0.2; US announces end of Iranian blockade by October 31,… (90→86%) +0.2.
  • WELW 26.4 (▼2.8) — Fell 2.8 to 26.4 (Low), led by Will Count Binface get second place in the Clacton… (93→96%) −0.9; Will Darline Graham Nordone be the new republican n… (63→64%) −0.9; Will Donavan McKinney be the Democratic Nominee for… (86→87%) +0.6.
  • WCDR 27.6 (▲2.4) — Rose 2.4 to 27.6 (Low), led by Will Super Typhoon Dolphin hit China? (53→72%) +2.1; Will any Category 5 hurricane make landfall in the… (12→16%) +0.6; Will any Category 4 hurricane make landfall in the… (25→26%) +0.5.

Projection watch

  • WARI projected 20.4 in 14d (80% band 0–78), trending down.
  • WCGF projected 0.5 in 14d (80% band 0–100), trending down.
  • WPTI projected 10.1 in 14d (80% band 0–92), trending down.

The full board

Ticker Index Score 1d Regime
WGRI Geopolitical Risk 18.0 -1.5 Very low & cooling, volatile
WFPI Fed Path 6.9 Very low & climbing
WEHI Election Heat 50.0 Moderate & cooling, volatile
WARI AI Race 42.0 +0.8 Moderate & cooling, volatile
WRCI Recession Odds 23.0 -0.8 Low & climbing
WCGF Crypto Greed 21.0 +0.5 Low & cooling, volatile
WCDR Climate Risk 27.6 +2.4 Low & cooling, volatile
WCHI Culture Heat 46.1 Moderate & climbing, volatile
WPTI Political Turmoil 28.2 +0.8 Low & cooling, volatile
WCOS Commodity Stress 13.3 +1.2 Very low & cooling, volatile
WSHI Sports Heat 54.5 Moderate & cooling, volatile
WEGF Equity Greed 49.7 -0.8 Moderate & cooling
WMID Midterm Control 54.4 +0.8 Moderate & steady
WELW Election Week 26.4 -2.8 Low & cooling
WFLA Flashpoint Watch 52.6 -6.5 Moderate & cooling
WDCW Washington Week 29.4 -3.1 Low & cooling
WGEA Global Easing 27.4 -0.5 Low & steady
WINF Inflation Watch 48.6 -0.7 Moderate & steady
WEBI Earnings Beat 75.5 -2.3 Elevated & cooling
WBTP Bitcoin Path 9.4 +0.7 Very low & steady
WALT Altcoin Heat 29.9 -1.1 Low & cooling
WAWD Awards Race 54.6 -1.5 Moderate & cooling
WSTW Storm Watch 48.3 Moderate
WFAV Favorites Combo 29.5 Low
WSOC Soccer Heat 62.5 Elevated
WNFL Gridiron Futures 60.1 +7.9 Elevated & steady
WWRI World Risk 19.8 Very low & cooling, volatile
WMSI Macro Stress 15.6 +0.5 Very low & cooling
WUPR US Political Risk 32.2 Low & cooling, volatile

Benchmark readings of prediction-market prices — data, not advice. Every method is published.