President Trump’s February 2026 directive launched the PURSUE declassification program, directing agencies to identify and release unresolved UAP records on a rolling schedule. Six tranches have already appeared since May, with the latest posted in September 2026 and further batches expected every few weeks through the Department of War and National Archives. A White House advisory council chaired by Avi Loeb began work in summer 2026 to review the materials, while the FY2027 NDAA process and semiannual AARO briefings continue to shape additional disclosures. Traders assess the pace of these scheduled releases and any new legislative or executive actions against the specific cutoff date in the market.