Trump’s established rapport with Nicki Minaj, marked by her frequent White House visits, joint events, and public declarations as his “No. 1 fan,” has produced warm but measured praise rather than repeated explicit comments labeling her “hot.” With only isolated instances of that phrasing earlier in 2026 and no major upcoming joint appearances or chart-driven moments likely to prompt similar remarks before December 31, traders see little catalyst for another occurrence. Historical patterns show Trump’s celebrity shoutouts remain sporadic even toward allies, and the remaining calendar offers few natural triggers. An upset would require an unplanned event appearance, viral social media exchange, or sudden promotional tie-in that revives the exact wording.