Current surveillance from agencies like the CDC and WHO shows no pathogens meeting pandemic criteria, with only localized bacterial and viral outbreaks such as Salmonella clusters, low-risk hantavirus clusters, and contained Bundibugyo virus activity in parts of Africa. COVID-19 continues at endemic levels with very low emergency visits despite modest Rt estimates above 1 in recent U.S. data, while avian influenza and other zoonotic threats lack sustained human-to-human transmission. Trader consensus at 84% for no new pandemic before 2028 reflects these stable conditions, historical inter-pandemic intervals, and ongoing global monitoring that has not flagged imminent spillover risks.