Trump's recent public statements expressing intent to meet Kim Jong Un later in 2026 have fueled speculation about renewed diplomacy, yet these comments point primarily to possible encounters during an Asia-Pacific trip or at a regional summit rather than a U.S. visit. No such trip by the North Korean leader to American soil has occurred or been scheduled through late August, consistent with the pattern of prior summits held in Singapore, Vietnam, or at the DMZ. North Korea's response has remained cautious, emphasizing preconditions around recognition of its nuclear status and coexistence over denuclearization. Logistical, security, and political barriers to hosting Kim in Washington or elsewhere in the United States further support the market's strong consensus. A sudden invitation acceptance or shift in Pyongyang's posture could still alter the outlook before year-end, though such developments remain unconfirmed.