Trump’s recent White House greeting of Nicki Minaj as “my favorite” during the October 20 Million Dollar Pitch event, paired with her public reaffirmation of loyalty, has reinforced their ongoing alliance without repeating the specific “hot” phrasing from earlier encounters. This measured language, combined with her continued high-profile appearances alongside the administration, supports the market’s lean toward “No” at 65.6% implied probability. No verified statements or social media posts using the exact term have surfaced in 2026, and the remaining weeks offer limited windows for such a comment amid packed schedules. Traders appear to weigh the strong personal rapport against the absence of the precise catalyst needed for resolution.