Regime: bull. SPY trailing return: +8.7%, annualized vol: 8.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=609.74, end=663.06, trailing_return=+8.75%
Annualized volatility: 8.77%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5400, t10y3m_spread=0.1500, breakeven_10y=2.3700, hy_oas=2.6900, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.2600, vix=16.1000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +8.75%
  Annualized volatility: 8.77%
  Macro: fed_funds=4.0900, vix=16.1
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +0.2%, annualized vol: 12.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=572.05, end=573.08, trailing_return=+0.18%
Annualized volatility: 12.52%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3900, t10y3m_spread=0.4200, breakeven_10y=2.4500, hy_oas=2.8500, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.9300, vix=19.1900

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +0.18%
  Annualized volatility: 12.52%
  Macro: fed_funds=4.3300, vix=19.2
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +8.5%, annualized vol: 9.4%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=595.85, end=646.72, trailing_return=+8.54%
Annualized volatility: 9.41%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5000, t10y3m_spread=-0.0500, breakeven_10y=2.3500, hy_oas=2.8400, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.5000, vix=15.3500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +8.54%
  Annualized volatility: 9.41%
  Macro: fed_funds=4.3300, vix=15.4
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +7.5%, annualized vol: 20.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=547.97, end=589.18, trailing_return=+7.52%
Annualized volatility: 20.09%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5000, t10y3m_spread=-0.0700, breakeven_10y=2.3100, hy_oas=3.2300, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.8900, vix=17.6100

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +7.52%
  Annualized volatility: 20.09%
  Macro: fed_funds=4.3300, vix=17.6
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +9.1%, annualized vol: 9.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=586.33, end=639.62, trailing_return=+9.09%
Annualized volatility: 9.76%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.6400, t10y3m_spread=0.0000, breakeven_10y=2.4100, hy_oas=2.8400, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.5600, vix=15.3600

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +9.09%
  Annualized volatility: 9.76%
  Macro: fed_funds=4.3300, vix=15.4
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bull. SPY trailing return: +9.2%, annualized vol: 9.6%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=589.18, end=643.46, trailing_return=+9.21%
Annualized volatility: 9.64%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.6000, t10y3m_spread=-0.0400, breakeven_10y=2.4100, hy_oas=2.7500, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.5600, vix=14.4300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +9.21%
  Annualized volatility: 9.64%
  Macro: fed_funds=4.3300, vix=14.4
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +1.7%, annualized vol: 13.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=574.30, end=584.30, trailing_return=+1.74%
Annualized volatility: 13.02%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3900, t10y3m_spread=0.3100, breakeven_10y=2.4200, hy_oas=2.7200, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9300, vix=16.1200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +1.74%
  Annualized volatility: 13.02%
  Macro: fed_funds=4.3300, vix=16.1
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +1.7%, annualized vol: 13.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=573.36, end=583.18, trailing_return=+1.71%
Annualized volatility: 13.01%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3800, t10y3m_spread=0.2700, breakeven_10y=2.4200, hy_oas=2.7300, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=7.0400, vix=16.6000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +1.71%
  Annualized volatility: 13.01%
  Macro: fed_funds=4.3300, vix=16.6
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +4.3%, annualized vol: 12.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=656.69, end=685.14, trailing_return=+4.33%
Annualized volatility: 12.42%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6200, t10y3m_spread=0.4800, breakeven_10y=2.2500, hy_oas=2.8800, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.2200, vix=14.8500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +4.33%
  Annualized volatility: 12.42%
  Macro: fed_funds=3.6400, vix=14.9
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bear. SPY trailing return: -4.9%, annualized vol: 16.3%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=577.70, end=549.36, trailing_return=-4.91%
Annualized volatility: 16.33%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3800, t10y3m_spread=-0.0600, breakeven_10y=2.3700, hy_oas=3.4700, ig_oas=0.9400, ted_spread=0.0900, mortgage_30y=6.6500, vix=21.6500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -4.91%
  Annualized volatility: 16.33%
  Macro: fed_funds=4.3300, vix=21.6
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +7.3%, annualized vol: 8.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=612.46, end=657.36, trailing_return=+7.33%
Annualized volatility: 8.87%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5900, t10y3m_spread=0.1400, breakeven_10y=2.3800, hy_oas=2.7000, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.2600, vix=16.1800

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.33%
  Annualized volatility: 8.87%
  Macro: fed_funds=4.0900, vix=16.2
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bear. SPY trailing return: -4.9%, annualized vol: 16.2%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=586.85, end=558.12, trailing_return=-4.89%
Annualized volatility: 16.24%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.2900, t10y3m_spread=-0.1200, breakeven_10y=2.3200, hy_oas=3.4200, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.6500, vix=21.5100

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -4.89%
  Annualized volatility: 16.24%
  Macro: fed_funds=4.3300, vix=21.5
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +4.0%, annualized vol: 12.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=577.80, end=600.98, trailing_return=+4.01%
Annualized volatility: 12.23%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2100, t10y3m_spread=0.1300, breakeven_10y=2.4300, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.8700, vix=14.7700

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +4.01%
  Annualized volatility: 12.23%
  Macro: fed_funds=4.3300, vix=14.8
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +7.3%, annualized vol: 10.6%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=631.82, end=678.20, trailing_return=+7.34%
Annualized volatility: 10.56%
Macro indicators: fed_funds_rate=3.8600, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5100, t10y3m_spread=0.2200, breakeven_10y=2.3000, hy_oas=2.9400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.1700, vix=17.4400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.34%
  Annualized volatility: 10.56%
  Macro: fed_funds=3.8600, vix=17.4
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: -4.4%, annualized vol: 14.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=594.03, end=567.69, trailing_return=-4.44%
Annualized volatility: 14.75%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3300, t10y3m_spread=-0.0200, breakeven_10y=2.3300, hy_oas=2.9700, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.6300, vix=23.3700

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -4.44%
  Annualized volatility: 14.75%
  Macro: fed_funds=4.3300, vix=23.4
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +3.8%, annualized vol: 19.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=568.94, end=590.67, trailing_return=+3.82%
Annualized volatility: 19.20%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4400, t10y3m_spread=-0.0400, breakeven_10y=2.3100, hy_oas=3.1600, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8100, vix=20.1400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +3.82%
  Annualized volatility: 19.20%
  Macro: fed_funds=4.3300, vix=20.1
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +3.8%, annualized vol: 19.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=568.94, end=590.67, trailing_return=+3.82%
Annualized volatility: 19.20%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4400, t10y3m_spread=-0.0400, breakeven_10y=2.3100, hy_oas=3.1600, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8100, vix=20.1400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase


Regime: sideways. SPY trailing return: +4.6%, annualized vol: 10.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=638.03, end=667.17, trailing_return=+4.57%
Annualized volatility: 10.88%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5600, t10y3m_spread=0.1900, breakeven_10y=2.2800, hy_oas=3.1500, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.2200, vix=19.0800

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +4.57%
  Annualized volatility: 10.88%
  Macro: fed_funds=3.8700, vix=19.1
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: -0.7%, annualized vol: 21.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=591.36, end=587.47, trailing_return=-0.66%
Annualized volatility: 21.72%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4500, t10y3m_spread=0.0600, breakeven_10y=2.3400, hy_oas=3.1600, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.8100, vix=17.2400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -0.66%
  Annualized volatility: 21.72%
  Macro: fed_funds=4.3300, vix=17.2
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: -6.2%, annualized vol: 21.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=597.65, end=560.34, trailing_return=-6.24%
Annualized volatility: 21.26%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5000, t10y3m_spread=0.0000, breakeven_10y=2.2700, hy_oas=3.6000, ig_oas=1.0600, ted_spread=0.0900, mortgage_30y=6.7600, vix=22.6800

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -6.24%
  Annualized volatility: 21.26%
  Macro: fed_funds=4.3300, vix=22.7
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +0.5%, annualized vol: 12.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=569.57, end=572.19, trailing_return=+0.46%
Annualized volatility: 12.62%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3700, t10y3m_spread=0.4100, breakeven_10y=2.4300, hy_oas=2.8100, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9300, vix=19.5400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +0.46%
  Annualized volatility: 12.62%
  Macro: fed_funds=4.3300, vix=19.5
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bear. SPY trailing return: -9.5%, annualized vol: 19.2%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=589.04, end=533.01, trailing_return=-9.51%
Annualized volatility: 19.24%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5400, t10y3m_spread=0.0500, breakeven_10y=2.2300, hy_oas=4.1400, ig_oas=1.1500, ted_spread=0.0900, mortgage_30y=6.6200, vix=30.8900

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -9.51%
  Annualized volatility: 19.24%
  Macro: fed_funds=4.3300, vix=30.9
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +6.0%, annualized vol: 11.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=629.92, end=667.49, trailing_return=+5.96%
Annualized volatility: 11.06%
Macro indicators: fed_funds_rate=4.1100, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.0200, breakeven_10y=2.2800, hy_oas=2.9700, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.2700, vix=17.8700

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +5.96%
  Annualized volatility: 11.06%
  Macro: fed_funds=4.1100, vix=17.9
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bull. SPY trailing return: +8.5%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=587.47, end=637.28, trailing_return=+8.48%
Annualized volatility: 10.83%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5700, t10y3m_spread=-0.0400, breakeven_10y=2.3800, hy_oas=2.9300, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.6300, vix=14.7300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +8.48%
  Annualized volatility: 10.83%
  Macro: fed_funds=4.3300, vix=14.7
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +1.7%, annualized vol: 12.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=587.66, end=597.65, trailing_return=+1.70%
Annualized volatility: 12.25%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2400, t10y3m_spread=0.1100, breakeven_10y=2.4200, hy_oas=2.6600, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.8900, vix=15.5000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +1.70%
  Annualized volatility: 12.25%
  Macro: fed_funds=4.3300, vix=15.5
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bear. SPY trailing return: -11.8%, annualized vol: 20.4%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=590.80, end=521.27, trailing_return=-11.77%
Annualized volatility: 20.38%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.6500, t10y3m_spread=0.0800, breakeven_10y=2.2700, hy_oas=3.9900, ig_oas=1.1100, ted_spread=0.0900, mortgage_30y=6.8300, vix=30.5700

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -11.77%
  Annualized volatility: 20.38%
  Macro: fed_funds=4.3300, vix=30.6
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bear. SPY trailing return: -12.8%, annualized vol: 17.8%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=572.19, end=498.66, trailing_return=-12.85%
Annualized volatility: 17.77%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4200, t10y3m_spread=-0.1400, breakeven_10y=2.1900, hy_oas=4.6100, ig_oas=1.2000, ted_spread=0.0900, mortgage_30y=6.6400, vix=43.3500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -12.85%
  Annualized volatility: 17.77%
  Macro: fed_funds=4.3300, vix=43.3
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +4.0%, annualized vol: 13.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=566.55, end=589.22, trailing_return=+4.00%
Annualized volatility: 13.15%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2800, t10y3m_spread=0.2000, breakeven_10y=2.4500, hy_oas=2.7300, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9500, vix=18.6200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +4.00%
  Annualized volatility: 13.15%
  Macro: fed_funds=4.3300, vix=18.6
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +12.4%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=560.34, end=629.92, trailing_return=+12.42%
Annualized volatility: 10.83%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4800, t10y3m_spread=-0.0600, breakeven_10y=2.4300, hy_oas=2.8600, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.7400, vix=15.9800

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +12.42%
  Annualized volatility: 10.83%
  Macro: fed_funds=4.3300, vix=16.0
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +5.7%, annualized vol: 13.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=568.85, end=601.03, trailing_return=+5.66%
Annualized volatility: 13.18%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3600, t10y3m_spread=0.2900, breakeven_10y=2.4200, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.9600, vix=15.0200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +5.66%
  Annualized volatility: 13.18%
  Macro: fed_funds=4.3300, vix=15.0
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +22.6%, annualized vol: 17.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=499.55, end=612.46, trailing_return=+22.60%
Annualized volatility: 17.77%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4800, t10y3m_spread=-0.1400, breakeven_10y=2.2900, hy_oas=2.9100, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.7700, vix=16.8300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +22.60%
  Annualized volatility: 17.77%
  Macro: fed_funds=4.3300, vix=16.8
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +0.7%, annualized vol: 12.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=588.22, end=592.18, trailing_return=+0.67%
Annualized volatility: 12.38%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2000, t10y3m_spread=0.1400, breakeven_10y=2.4200, hy_oas=2.6700, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.8900, vix=16.5400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +0.67%
  Annualized volatility: 12.38%
  Macro: fed_funds=4.3300, vix=16.5
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +2.7%, annualized vol: 12.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=659.94, end=677.90, trailing_return=+2.72%
Annualized volatility: 12.62%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6700, t10y3m_spread=0.5600, breakeven_10y=2.2600, hy_oas=2.9100, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2200, vix=15.7400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +2.72%
  Annualized volatility: 12.62%
  Macro: fed_funds=3.6400, vix=15.7
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +8.8%, annualized vol: 10.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=580.93, end=631.82, trailing_return=+8.76%
Annualized volatility: 10.66%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5100, t10y3m_spread=-0.0500, breakeven_10y=2.3900, hy_oas=2.9400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.6300, vix=15.1500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +8.76%
  Annualized volatility: 10.66%
  Macro: fed_funds=4.3300, vix=15.1
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bear. SPY trailing return: -11.2%, annualized vol: 19.1%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=584.30, end=518.63, trailing_return=-11.24%
Annualized volatility: 19.11%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5600, t10y3m_spread=0.0600, breakeven_10y=2.1900, hy_oas=4.4200, ig_oas=1.1800, ted_spread=0.0900, mortgage_30y=6.6200, vix=40.7200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -11.24%
  Annualized volatility: 19.11%
  Macro: fed_funds=4.3300, vix=40.7
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +9.7%, annualized vol: 10.4%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=622.69, end=683.17, trailing_return=+9.71%
Annualized volatility: 10.41%
Macro indicators: fed_funds_rate=4.1200, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5200, t10y3m_spread=0.1000, breakeven_10y=2.2800, hy_oas=2.8200, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.1900, vix=16.4200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +9.71%
  Annualized volatility: 10.41%
  Macro: fed_funds=4.1200, vix=16.4
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bear. SPY trailing return: -7.6%, annualized vol: 21.0%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.18, end=548.26, trailing_return=-7.57%
Annualized volatility: 21.02%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5700, t10y3m_spread=-0.1400, breakeven_10y=2.2300, hy_oas=3.9400, ig_oas=1.0900, ted_spread=0.0900, mortgage_30y=6.8100, vix=24.7000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -7.57%
  Annualized volatility: 21.02%
  Macro: fed_funds=4.3300, vix=24.7
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +5.0%, annualized vol: 13.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=570.60, end=599.28, trailing_return=+5.02%
Annualized volatility: 13.20%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3600, t10y3m_spread=0.2800, breakeven_10y=2.4300, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.9600, vix=14.8500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +5.02%
  Annualized volatility: 13.20%
  Macro: fed_funds=4.3300, vix=14.9
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: -7.0%, annualized vol: 21.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=596.65, end=554.79, trailing_return=-7.02%
Annualized volatility: 21.21%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4800, t10y3m_spread=-0.0800, breakeven_10y=2.2500, hy_oas=3.6700, ig_oas=1.0500, ted_spread=0.0900, mortgage_30y=6.7600, vix=23.5500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -7.02%
  Annualized volatility: 21.21%
  Macro: fed_funds=4.3300, vix=23.5
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bear. SPY trailing return: -8.7%, annualized vol: 21.0%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=596.39, end=544.40, trailing_return=-8.72%
Annualized volatility: 21.05%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5500, t10y3m_spread=-0.0300, breakeven_10y=2.2700, hy_oas=3.6700, ig_oas=1.0400, ted_spread=0.0900, mortgage_30y=6.8100, vix=24.8400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -8.72%
  Annualized volatility: 21.05%
  Macro: fed_funds=4.3300, vix=24.8
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +8.8%, annualized vol: 9.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=589.33, end=641.19, trailing_return=+8.80%
Annualized volatility: 9.67%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.6500, t10y3m_spread=-0.0200, breakeven_10y=2.4300, hy_oas=2.7800, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.5800, vix=14.8500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +8.80%
  Annualized volatility: 9.67%
  Macro: fed_funds=4.3300, vix=14.9
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +3.8%, annualized vol: 12.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=654.45, end=679.17, trailing_return=+3.78%
Annualized volatility: 12.37%
Macro indicators: fed_funds_rate=3.8900, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5700, t10y3m_spread=0.4500, breakeven_10y=2.2600, hy_oas=2.8900, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.1900, vix=16.9300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +3.78%
  Annualized volatility: 12.37%
  Macro: fed_funds=3.8900, vix=16.9
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +7.4%, annualized vol: 8.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=618.81, end=664.67, trailing_return=+7.41%
Annualized volatility: 8.71%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5700, t10y3m_spread=0.1100, breakeven_10y=2.3500, hy_oas=2.8100, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3000, vix=16.2900

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.41%
  Annualized volatility: 8.71%
  Macro: fed_funds=4.0900, vix=16.3
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: -2.2%, annualized vol: 21.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=585.68, end=572.55, trailing_return=-2.24%
Annualized volatility: 21.49%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5100, t10y3m_spread=0.1500, breakeven_10y=2.3300, hy_oas=3.4000, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.8600, vix=22.2900

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -2.24%
  Annualized volatility: 21.49%
  Macro: fed_funds=4.3300, vix=22.3
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +12.9%, annualized vol: 10.5%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=557.12, end=629.12, trailing_return=+12.92%
Annualized volatility: 10.52%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4400, t10y3m_spread=-0.0300, breakeven_10y=2.4200, hy_oas=2.8900, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.7400, vix=15.4800

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +12.92%
  Annualized volatility: 10.52%
  Macro: fed_funds=4.3300, vix=15.5
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: -3.8%, annualized vol: 21.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=604.17, end=580.93, trailing_return=-3.85%
Annualized volatility: 21.66%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4800, t10y3m_spread=0.1200, breakeven_10y=2.3700, hy_oas=3.1000, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.7600, vix=18.6200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -3.85%
  Annualized volatility: 21.66%
  Macro: fed_funds=4.3300, vix=18.6
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +9.1%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=586.13, end=639.53, trailing_return=+9.11%
Annualized volatility: 10.80%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5500, t10y3m_spread=-0.0100, breakeven_10y=2.3900, hy_oas=2.8900, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=14.8300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +9.11%
  Annualized volatility: 10.80%
  Macro: fed_funds=4.3300, vix=14.8
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bull. SPY trailing return: +8.0%, annualized vol: 9.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=596.24, end=643.66, trailing_return=+7.95%
Annualized volatility: 9.81%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5800, t10y3m_spread=0.0100, breakeven_10y=2.3800, hy_oas=2.8400, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.5000, vix=15.3000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.95%
  Annualized volatility: 9.81%
  Macro: fed_funds=4.3300, vix=15.3
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: bear. SPY trailing return: -13.4%, annualized vol: 19.4%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=601.03, end=520.44, trailing_return=-13.41%
Annualized volatility: 19.36%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5300, t10y3m_spread=0.0000, breakeven_10y=2.2300, hy_oas=4.0200, ig_oas=1.1100, ted_spread=0.0900, mortgage_30y=6.8300, vix=29.6500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bear; Allocations: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -13.41%
  Annualized volatility: 19.36%
  Macro: fed_funds=4.3300, vix=29.6
  → Regime: bear

Allocation rationale for bear regime:
  Equities: decrease ()
  Bonds: increase (defensive)
  Commodities: neutral ()
  Real_Estate: decrease ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +7.7%, annualized vol: 9.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=592.88, end=638.33, trailing_return=+7.66%
Annualized volatility: 9.70%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.6100, t10y3m_spread=0.0400, breakeven_10y=2.4000, hy_oas=2.8800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.5600, vix=16.3500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.66%
  Annualized volatility: 9.70%
  Macro: fed_funds=4.3300, vix=16.4
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +23.4%, annualized vol: 16.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=498.66, end=615.23, trailing_return=+23.38%
Annualized volatility: 16.72%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5200, t10y3m_spread=-0.1100, breakeven_10y=2.3000, hy_oas=2.8800, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.7700, vix=16.6400

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +23.38%
  Annualized volatility: 16.72%
  Macro: fed_funds=4.3300, vix=16.6
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +7.6%, annualized vol: 8.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=618.37, end=665.42, trailing_return=+7.61%
Annualized volatility: 8.65%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5500, t10y3m_spread=0.1000, breakeven_10y=2.3300, hy_oas=2.8000, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3400, vix=16.6500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.61%
  Annualized volatility: 8.65%
  Macro: fed_funds=4.0900, vix=16.6
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: -0.4%, annualized vol: 12.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=588.29, end=585.74, trailing_return=-0.43%
Annualized volatility: 12.86%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2300, t10y3m_spread=0.0000, breakeven_10y=2.3800, hy_oas=2.8400, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.8500, vix=19.4300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -0.43%
  Annualized volatility: 12.86%
  Macro: fed_funds=4.3300, vix=19.4
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +2.2%, annualized vol: 13.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=580.63, end=593.18, trailing_return=+2.16%
Annualized volatility: 13.00%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3100, t10y3m_spread=0.1900, breakeven_10y=2.4400, hy_oas=2.7100, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.9500, vix=17.2100

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +2.16%
  Annualized volatility: 13.00%
  Macro: fed_funds=4.3300, vix=17.2
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +2.3%, annualized vol: 12.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=563.08, end=576.28, trailing_return=+2.34%
Annualized volatility: 12.04%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3200, t10y3m_spread=0.2100, breakeven_10y=2.3400, hy_oas=2.8800, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9100, vix=17.9300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +2.34%
  Annualized volatility: 12.04%
  Macro: fed_funds=4.3300, vix=17.9
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +14.5%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=544.40, end=623.57, trailing_return=+14.54%
Annualized volatility: 10.83%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5200, t10y3m_spread=-0.0600, breakeven_10y=2.3900, hy_oas=2.9000, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.7500, vix=16.5000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +14.54%
  Annualized volatility: 10.83%
  Macro: fed_funds=4.3300, vix=16.5
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +1.7%, annualized vol: 12.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=586.39, end=596.20, trailing_return=+1.67%
Annualized volatility: 12.45%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2300, t10y3m_spread=0.1600, breakeven_10y=2.4400, hy_oas=2.6600, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.8900, vix=15.8100

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +1.67%
  Annualized volatility: 12.45%
  Macro: fed_funds=4.3300, vix=15.8
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: -4.3%, annualized vol: 15.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=582.70, end=557.40, trailing_return=-4.34%
Annualized volatility: 15.92%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2900, t10y3m_spread=-0.0900, breakeven_10y=2.3100, hy_oas=3.1700, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.6700, vix=19.8000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -4.34%
  Annualized volatility: 15.92%
  Macro: fed_funds=4.3300, vix=19.8
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: +1.2%, annualized vol: 12.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=574.03, end=581.06, trailing_return=+1.22%
Annualized volatility: 12.31%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.4100, t10y3m_spread=0.3300, breakeven_10y=2.3900, hy_oas=2.8200, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9300, vix=17.7000

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +1.22%
  Annualized volatility: 12.31%
  Macro: fed_funds=4.3300, vix=17.7
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +15.2%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=548.26, end=631.74, trailing_return=+15.23%
Annualized volatility: 10.83%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4900, t10y3m_spread=-0.0200, breakeven_10y=2.4400, hy_oas=2.8400, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.7400, vix=14.9300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +15.23%
  Annualized volatility: 10.83%
  Macro: fed_funds=4.3300, vix=14.9
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: +6.7%, annualized vol: 19.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=559.04, end=596.24, trailing_return=+6.66%
Annualized volatility: 19.50%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4600, t10y3m_spread=0.0200, breakeven_10y=2.2900, hy_oas=3.1200, ig_oas=0.8700, ted_spread=0.0900, mortgage_30y=6.8500, vix=16.9500

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +6.66%
  Annualized volatility: 19.50%
  Macro: fed_funds=4.3300, vix=17.0
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +7.2%, annualized vol: 8.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=615.46, end=659.92, trailing_return=+7.22%
Annualized volatility: 8.87%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5200, t10y3m_spread=0.1100, breakeven_10y=2.3500, hy_oas=2.7400, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3000, vix=16.1200

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.22%
  Annualized volatility: 8.87%
  Macro: fed_funds=4.0900, vix=16.1
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()


Regime: sideways. SPY trailing return: -7.3%, annualized vol: 21.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=596.20, end=552.47, trailing_return=-7.34%
Annualized volatility: 21.25%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5200, t10y3m_spread=-0.0300, breakeven_10y=2.2600, hy_oas=3.6600, ig_oas=1.0500, ted_spread=0.0900, mortgage_30y=6.7600, vix=24.7600

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -7.34%
  Annualized volatility: 21.25%
  Macro: fed_funds=4.3300, vix=24.8
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: sideways. SPY trailing return: -4.2%, annualized vol: 16.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=592.70, end=567.57, trailing_return=-4.24%
Annualized volatility: 16.10%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3000, t10y3m_spread=0.0100, breakeven_10y=2.3600, hy_oas=3.0500, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.6700, vix=17.4800

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: -4.24%
  Annualized volatility: 16.10%
  Macro: fed_funds=4.3300, vix=17.5
  → Regime: sideways

Allocation rationale for sideways regime:
  Equities: neutral ()
  Bonds: neutral ()
  Commodities: neutral ()
  Real_Estate: neutral ()
  Cryptocurrency: decrease ()
  Cash: increase (defensive)


Regime: bull. SPY trailing return: +5.7%, annualized vol: 11.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=631.58, end=667.50, trailing_return=+5.69%
Annualized volatility: 11.06%
Macro indicators: fed_funds_rate=4.1100, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5400, t10y3m_spread=0.0300, breakeven_10y=2.2600, hy_oas=2.9900, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.2700, vix=18.2300

Part A: Identify the current market regime. Choose from: bull, bear, sideways, crisis.

Part B: For each of the six asset classes (Equities, Bonds, Commodities, Real Estate, Cryptocurrency, Cash), recommend whether to increase, decrease, or maintain the current allocation.

Answer: Regime: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +5.69%
  Annualized volatility: 11.06%
  Macro: fed_funds=4.1100, vix=18.2
  → Regime: bull

Allocation rationale for bull regime:
  Equities: increase (risk-on)
  Bonds: decrease ()
  Commodities: neutral ()
  Real_Estate: increase (risk-on)
  Cryptocurrency: increase (risk-on)
  Cash: decrease ()