{
  "version": 1,
  "generatedAt": "2026-05-08T15:59:36.745Z",
  "title": "KISS Dashboard",
  "sourceNote": "Public market and macro data are transformed into a top-down regime, asset-level trend state, and allocation snapshot.",
  "assets": {
    "stocks": {
      "label": "Stocks",
      "symbol": "VT",
      "source": "Yahoo Finance public chart API"
    },
    "gold": {
      "label": "Gold",
      "symbol": "GLDM",
      "fallback": "GLD",
      "source": "Yahoo Finance public chart API"
    },
    "bitcoin": {
      "label": "Bitcoin",
      "symbol": "BTC-USD",
      "tradeSymbol": "FBTC/BTC",
      "source": "Yahoo Finance public chart API"
    },
    "cash": {
      "label": "Cash",
      "symbol": "SPAXX",
      "source": "Residual allocation"
    }
  },
  "strategicMax": {
    "stocks": 0.6,
    "gold": 0.3,
    "bitcoin": 0.1
  },
  "marketRegime": {
    "regime": "Reflation",
    "riskBias": "Risk-on",
    "scores": {
      "Goldilocks": 9,
      "Reflation": 10,
      "Inflation": 4,
      "Deflation": 0
    },
    "totalConfirmations": 23,
    "signalStrength": 0.43478260869565216,
    "winnerMargin": 1,
    "riskOnShare": 0.8260869565217391,
    "riskOffShare": 0.17391304347826086,
    "confirmations": [
      {
        "name": "Global stocks (VT)",
        "state": "Bullish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "High beta / low vol (SPHB/SPLV)",
        "state": "Bullish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "Cyclicals / defensives",
        "state": "Bullish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "Small caps / stocks (IWM/SPY)",
        "state": "Bullish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "High yield / Treasurys (HYG/IEF)",
        "state": "Bullish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "Bitcoin",
        "state": "Neutral",
        "confirms": "No strong confirmation"
      },
      {
        "name": "Commodities (DBC)",
        "state": "Bullish",
        "confirms": "Reflation / Inflation"
      },
      {
        "name": "US Dollar (UUP)",
        "state": "Bearish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "Equity volatility (^VIX)",
        "state": "Bearish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "Gold",
        "state": "Bearish",
        "confirms": "Inflation"
      },
      {
        "name": "10y Treasury yield trend",
        "state": "Bullish",
        "confirms": "Reflation / Inflation"
      },
      {
        "name": "Credit spreads",
        "state": "Bullish",
        "confirms": "Goldilocks / Reflation"
      },
      {
        "name": "Yield curve",
        "state": "Bearish",
        "confirms": "Goldilocks / Inflation"
      }
    ],
    "summary": "Reflation is the highest-confirmation market regime (10 of 23 weighted confirmations)."
  },
  "macro": {
    "gridRegime": "Reflation",
    "growthDirection": "Rising / improving",
    "inflationDirection": "Rising",
    "growthDiffusion": 0.6,
    "inflationDiffusion": 0.8,
    "growthFeatures": [
      {
        "name": "Real GDP YoY",
        "current": 0.026597223313364227,
        "prior": 0.01989299660798083,
        "rising": true
      },
      {
        "name": "Industrial production YoY",
        "current": 0.007416835246099485,
        "prior": 0.012798111780143673,
        "rising": false
      },
      {
        "name": "Payrolls YoY",
        "current": 0.0015837460958449956,
        "prior": 0.002047160512548274,
        "rising": false
      },
      {
        "name": "Unemployment rate YoY (inverse)",
        "current": 0.023809523809523725,
        "prior": 0.07499999999999996,
        "rising": true
      },
      {
        "name": "Initial claims YoY (inverse)",
        "current": -0.16317991631799167,
        "prior": 0.08490566037735858,
        "rising": true
      }
    ],
    "inflationFeatures": [
      {
        "name": "Headline CPI YoY",
        "current": 0.032859577528651984,
        "prior": 0.02653304114557753,
        "rising": true
      },
      {
        "name": "Core CPI YoY",
        "current": 0.026021677054868242,
        "prior": 0.026464847073089937,
        "rising": false
      },
      {
        "name": "Core PCE YoY",
        "current": 0.03202758906974701,
        "prior": 0.02971110180682146,
        "rising": true
      },
      {
        "name": "PPI YoY",
        "current": 0.060253360410018386,
        "prior": 0.031275772128023016,
        "rising": true
      },
      {
        "name": "10y breakeven inflation YoY",
        "current": 0.08888888888888902,
        "prior": -0.03305785123966942,
        "rising": true
      }
    ],
    "summary": "Bottom-up macro data currently maps to Reflation: growth improving and inflation rising."
  },
  "liquidity": {
    "signal": "Neutral",
    "latestValue": 5831742.367,
    "date": "2026-05-06",
    "change4w": -0.019132546471986145,
    "change13w": 0.02362745738151273,
    "summary": "US net-liquidity proxy is neutral (-1.9% 4w, 2.4% 13w)."
  },
  "vams": {
    "stocks": {
      "state": "Bullish",
      "multiplier": 1,
      "score": 0.5998227639850614,
      "zScore": 0.2148420761868929,
      "latestPrice": 154.89999389648438,
      "sma50": 144.8131997680664,
      "sma200": 140.76799949645996,
      "rsi14": 62.99998294607459,
      "return3m": 0.057626565585962686,
      "realizedVol63d": 0.17390580950124238,
      "drawdown1y": -0.0010318822689837637,
      "reason": "Bullish: z=0.21, price above 200dma, 3m return 5.8%."
    },
    "gold": {
      "state": "Bearish",
      "multiplier": 0,
      "score": 0.25740452069030106,
      "zScore": -1.0177339897625843,
      "latestPrice": 93.11000061035156,
      "sma50": 94.60419952392579,
      "sma200": 84.90159996032715,
      "rsi14": 43.183253064216096,
      "return3m": -0.050479268524195264,
      "realizedVol63d": 0.3060054199379139,
      "drawdown1y": -0.12793852638565117,
      "reason": "Bearish: z=-1.02, price above 200dma, 3m return -5.0%."
    },
    "bitcoin": {
      "state": "Neutral",
      "multiplier": 0.5,
      "score": -0.05168260770899216,
      "zScore": -0.5232083799016994,
      "latestPrice": 80091.5078125,
      "sma50": 73440.234375,
      "sma200": 82991.81193359375,
      "rsi14": 61.48956064049228,
      "return3m": 0.17545686960376283,
      "realizedVol63d": 0.3114734173420539,
      "drawdown1y": -0.3579969319259805,
      "reason": "Neutral: z=-0.52, price below 200dma, 3m return 17.5%."
    }
  },
  "allocation": [
    {
      "key": "stocks",
      "label": "Stocks",
      "symbol": "VT",
      "strategicMax": 0.6,
      "topDownTarget": 0.6,
      "vams": "Bullish",
      "multiplier": 1,
      "actualWeight": 0.6,
      "percentOfMaxExposure": 1,
      "reason": "Bullish: z=0.21, price above 200dma, 3m return 5.8%."
    },
    {
      "key": "gold",
      "label": "Gold",
      "symbol": "GLDM",
      "strategicMax": 0.3,
      "topDownTarget": 0.3,
      "vams": "Bearish",
      "multiplier": 0,
      "actualWeight": 0,
      "percentOfMaxExposure": 0,
      "reason": "Bearish: z=-1.02, price above 200dma, 3m return -5.0%."
    },
    {
      "key": "bitcoin",
      "label": "Bitcoin",
      "symbol": "FBTC/BTC",
      "strategicMax": 0.1,
      "topDownTarget": 0.1,
      "vams": "Neutral",
      "multiplier": 0.5,
      "actualWeight": 0.05,
      "percentOfMaxExposure": 0.5,
      "reason": "Neutral: z=-0.52, price below 200dma, 3m return 17.5%."
    },
    {
      "key": "cash",
      "label": "Cash",
      "symbol": "SPAXX",
      "strategicMax": 1,
      "topDownTarget": null,
      "vams": "n/a",
      "multiplier": null,
      "actualWeight": 0.35,
      "percentOfMaxExposure": 0.35,
      "reason": "Residual from top-down and VAMS risk controls goes to SPAXX; cash can reach 100% when all risk assets are bearish."
    }
  ],
  "history": [
    {
      "date": "2026-05-08",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 9,
        "Reflation": 10,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-05-07",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 9,
        "Reflation": 10,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-05-06",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 8,
        "Reflation": 9,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-05-05",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 8,
        "Reflation": 9,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-05-04",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-05-01",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-30",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-29",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 5,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-28",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 5,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-27",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-24",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 6,
        "Inflation": 5,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-23",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 6,
        "Inflation": 5,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-22",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 6,
        "Inflation": 5,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-21",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 4,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.35
    },
    {
      "date": "2026-04-20",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 4,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-17",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 3,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-16",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 3,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-15",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 3,
        "Deflation": 0
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-14",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 4,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-13",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 6,
        "Inflation": 5,
        "Deflation": 2
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-10",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 6,
        "Inflation": 5,
        "Deflation": 2
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-09",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 6,
        "Inflation": 4,
        "Deflation": 1
      },
      "stocksPctMax": 1,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0.5,
      "cashWeight": 0.19999999999999996
    },
    {
      "date": "2026-04-08",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 6,
        "Deflation": 4
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.625
    },
    {
      "date": "2026-04-07",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 3,
        "Inflation": 8,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.925
    },
    {
      "date": "2026-04-06",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 3,
        "Inflation": 8,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.925
    },
    {
      "date": "2026-04-02",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 4,
        "Inflation": 9,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.925
    },
    {
      "date": "2026-04-01",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 4,
        "Inflation": 9,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.925
    },
    {
      "date": "2026-03-31",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 3,
        "Inflation": 8,
        "Deflation": 7
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-30",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 2,
        "Reflation": 3,
        "Inflation": 11,
        "Deflation": 8
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.925
    },
    {
      "date": "2026-03-27",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 10,
        "Deflation": 8
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-26",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 4,
        "Inflation": 9,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.25,
      "bitcoinPctMax": 0,
      "cashWeight": 0.925
    },
    {
      "date": "2026-03-25",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 9,
        "Deflation": 7
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-24",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 8,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-23",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 8,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-20",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 8,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-19",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 3,
        "Inflation": 8,
        "Deflation": 6
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-18",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 4,
        "Inflation": 9,
        "Deflation": 7
      },
      "stocksPctMax": 0,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.85
    },
    {
      "date": "2026-03-17",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 4,
        "Inflation": 6,
        "Deflation": 5
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-16",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 2,
        "Inflation": 8,
        "Deflation": 7
      },
      "stocksPctMax": 0.25,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.7
    },
    {
      "date": "2026-03-13",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 3,
        "Inflation": 10,
        "Deflation": 8
      },
      "stocksPctMax": 0.25,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.7
    },
    {
      "date": "2026-03-12",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 3,
        "Reflation": 3,
        "Inflation": 9,
        "Deflation": 7
      },
      "stocksPctMax": 0.25,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.7
    },
    {
      "date": "2026-03-11",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 4,
        "Reflation": 3,
        "Inflation": 6,
        "Deflation": 5
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-10",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 6
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-09",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 6
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-06",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 6
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-05",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 5,
        "Inflation": 6,
        "Deflation": 5
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-03-04",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 7
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-03",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 7
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-03-02",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 7
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-02-27",
      "regime": "Inflation",
      "riskBias": "Risk-off",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 4,
        "Inflation": 7,
        "Deflation": 7
      },
      "stocksPctMax": 0.5,
      "goldPctMax": 0.5,
      "bitcoinPctMax": 0,
      "cashWeight": 0.55
    },
    {
      "date": "2026-02-26",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 5,
        "Inflation": 7,
        "Deflation": 7
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-25",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 5,
        "Inflation": 6,
        "Deflation": 6
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-24",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 5,
        "Inflation": 6,
        "Deflation": 6
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-23",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 5,
        "Inflation": 5,
        "Deflation": 5
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-20",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 8,
        "Reflation": 6,
        "Inflation": 4,
        "Deflation": 4
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-19",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 8,
        "Reflation": 7,
        "Inflation": 4,
        "Deflation": 3
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-18",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 8,
        "Reflation": 6,
        "Inflation": 4,
        "Deflation": 4
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-17",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 5,
        "Inflation": 4,
        "Deflation": 4
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-13",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 5,
        "Inflation": 5,
        "Deflation": 5
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-12",
      "regime": "Goldilocks",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 5,
        "Inflation": 4,
        "Deflation": 4
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-11",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 7,
        "Reflation": 8,
        "Inflation": 3,
        "Deflation": 4
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-10",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 7,
        "Inflation": 2,
        "Deflation": 3
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-09",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 9,
        "Reflation": 10,
        "Inflation": 2,
        "Deflation": 3
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-06",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 6,
        "Reflation": 8,
        "Inflation": 4,
        "Deflation": 4
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    },
    {
      "date": "2026-02-05",
      "regime": "Reflation",
      "riskBias": "Risk-on",
      "scores": {
        "Goldilocks": 5,
        "Reflation": 7,
        "Inflation": 5,
        "Deflation": 5
      },
      "stocksPctMax": 1,
      "goldPctMax": 1,
      "bitcoinPctMax": 0,
      "cashWeight": 0.10000000000000009
    }
  ],
  "methodology": {
    "topDown": "Global Macro Risk Matrix approximation: cross-asset confirmations map market behavior to Goldilocks, Reflation, Inflation, or Deflation.",
    "bottomUp": "VAMS approximation: volatility-adjusted momentum, trend, RSI, and moving-average confirmation map each asset to Bullish/Neutral/Bearish.",
    "cash": "Unused exposure is allocated to SPAXX money market.",
    "rebalance": "Signals are calculated daily and changes are lagged one trading day in backtests/research design."
  }
}