Regime: sideways. SPY trailing return: +2.8%, 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=573.05, end=589.04, trailing_return=+2.79%
Annualized volatility: 13.15%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=0.2700, breakeven_10y=2.4100, hy_oas=2.6600, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=7.0400, vix=15.9700

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: +2.79%
  Annualized volatility: 13.15%
  Macro: fed_funds=4.3300, vix=16.0
  → 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: +3.0%, 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=665.43, end=685.14, trailing_return=+2.96%
Annualized volatility: 12.89%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6800, t10y3m_spread=0.5000, breakeven_10y=2.2300, hy_oas=2.8600, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.1800, vix=13.6000

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: +2.96%
  Annualized volatility: 12.89%
  Macro: fed_funds=3.6400, vix=13.6
  → 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: +8.0%, 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=583.77, end=630.57, trailing_return=+8.02%
Annualized volatility: 10.69%
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=-0.0700, breakeven_10y=2.4000, hy_oas=2.9400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.6300, vix=16.2500

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: +8.02%
  Annualized volatility: 10.69%
  Macro: fed_funds=4.3300, 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: bull. SPY trailing return: +10.4%, annualized vol: 9.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=590.67, end=651.88, trailing_return=+10.36%
Annualized volatility: 9.14%
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=-0.0200, breakeven_10y=2.3600, hy_oas=2.7900, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3500, vix=14.7600

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

Explanation:
Regime classification:
  Trailing 60-day return: +10.36%
  Annualized volatility: 9.14%
  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: +10.7%, annualized vol: 10.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=576.48, end=637.89, trailing_return=+10.65%
Annualized volatility: 10.08%
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=0.0100, breakeven_10y=2.3800, hy_oas=2.8800, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=14.9900

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: +10.65%
  Annualized volatility: 10.08%
  Macro: fed_funds=4.3300, vix=15.0
  → 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: +6.2%, annualized vol: 13.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=558.63, end=593.20, trailing_return=+6.19%
Annualized volatility: 13.67%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=0.2400, breakeven_10y=2.4000, hy_oas=2.6800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.9600, vix=16.5600

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: +6.19%
  Annualized volatility: 13.67%
  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: +9.2%, annualized vol: 18.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=558.12, end=609.74, trailing_return=+9.25%
Annualized volatility: 18.76%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5600, t10y3m_spread=-0.1000, breakeven_10y=2.2900, hy_oas=3.0200, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.7700, vix=16.3200

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: +9.25%
  Annualized volatility: 18.76%
  Macro: fed_funds=4.3300, vix=16.3
  → 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: -5.5%, 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=597.11, end=564.52, trailing_return=-5.46%
Annualized volatility: 14.70%
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=-0.0500, breakeven_10y=2.3400, hy_oas=2.9900, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.6300, vix=24.8700

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

Explanation:
Regime classification:
  Trailing 60-day return: -5.46%
  Annualized volatility: 14.70%
  Macro: fed_funds=4.3300, vix=24.9
  → 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: -7.2%, 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=601.01, end=557.94, trailing_return=-7.17%
Annualized volatility: 21.27%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4900, t10y3m_spread=0.0300, breakeven_10y=2.2900, hy_oas=3.5300, ig_oas=1.0200, ted_spread=0.0900, mortgage_30y=6.7600, vix=21.9000

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: -7.17%
  Annualized volatility: 21.27%
  Macro: fed_funds=4.3300, vix=21.9
  → 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: +1.5%, 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=574.72, end=583.36, trailing_return=+1.50%
Annualized volatility: 21.29%
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=0.0700, breakeven_10y=2.3200, hy_oas=3.2200, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.8900, vix=19.1800

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

Explanation:
Regime classification:
  Trailing 60-day return: +1.50%
  Annualized volatility: 21.29%
  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: sideways. SPY trailing return: +4.6%, annualized vol: 13.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=569.80, end=595.88, trailing_return=+4.58%
Annualized volatility: 13.65%
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=0.2400, breakeven_10y=2.4200, hy_oas=2.6600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.9600, vix=16.4100

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: +4.58%
  Annualized volatility: 13.65%
  Macro: fed_funds=4.3300, vix=16.4
  → 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: 16.4%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=583.49, end=554.61, trailing_return=-4.95%
Annualized volatility: 16.40%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.3000, t10y3m_spread=-0.1500, breakeven_10y=2.3300, hy_oas=3.5000, ig_oas=0.9800, ted_spread=0.0900, mortgage_30y=6.6500, vix=21.7700

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

Explanation:
Regime classification:
  Trailing 60-day return: -4.95%
  Annualized volatility: 16.40%
  Macro: fed_funds=4.3300, vix=21.8
  → 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: +3.9%, annualized vol: 11.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=637.07, end=661.90, trailing_return=+3.90%
Annualized volatility: 11.52%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.1600, breakeven_10y=2.2800, hy_oas=3.1300, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.2400, vix=22.3800

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: +3.90%
  Annualized volatility: 11.52%
  Macro: fed_funds=3.8800, vix=22.4
  → 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: +9.0%, 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=543.54, end=592.35, trailing_return=+8.98%
Annualized volatility: 20.11%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4700, t10y3m_spread=0.0800, breakeven_10y=2.3100, hy_oas=3.0900, ig_oas=0.8700, ted_spread=0.0900, mortgage_30y=6.8500, vix=16.7700

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: +8.98%
  Annualized volatility: 20.11%
  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: bull. SPY trailing return: +7.8%, 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=596.91, end=643.37, trailing_return=+7.78%
Annualized volatility: 9.77%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5600, t10y3m_spread=-0.0500, breakeven_10y=2.3500, hy_oas=2.8400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.5000, vix=15.1100

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: +7.78%
  Annualized volatility: 9.77%
  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: sideways. SPY trailing return: +2.6%, 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=667.81, end=685.14, trailing_return=+2.60%
Annualized volatility: 12.92%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6900, t10y3m_spread=0.4900, breakeven_10y=2.2400, hy_oas=2.8400, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.1800, vix=14.3300

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: +2.60%
  Annualized volatility: 12.92%
  Macro: fed_funds=3.6400, vix=14.3
  → 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: +6.6%, 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=626.76, end=667.96, trailing_return=+6.57%
Annualized volatility: 11.15%
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=0.0600, breakeven_10y=2.3000, hy_oas=2.9600, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.1900, vix=17.3000

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: +6.57%
  Annualized volatility: 11.15%
  Macro: fed_funds=4.1100, vix=17.3
  → 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: +7.4%, annualized vol: 11.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=632.74, end=679.51, trailing_return=+7.39%
Annualized volatility: 11.19%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5200, t10y3m_spread=0.1300, breakeven_10y=2.2700, hy_oas=3.0200, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.2200, vix=17.5100

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.39%
  Annualized volatility: 11.19%
  Macro: fed_funds=3.8700, 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: sideways. SPY trailing return: +1.6%, 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=575.42, end=584.45, trailing_return=+1.57%
Annualized volatility: 21.68%
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=0.0800, breakeven_10y=2.3200, hy_oas=3.2400, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.8600, vix=18.9600

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: +1.57%
  Annualized volatility: 21.68%
  Macro: fed_funds=4.3300, vix=19.0
  → 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: +3.6%, 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=557.80, end=577.70, trailing_return=+3.57%
Annualized volatility: 12.19%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=317.6040, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.3300, t10y3m_spread=0.2100, breakeven_10y=2.3400, hy_oas=2.9200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.8500, vix=17.3500

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.57%
  Annualized volatility: 12.19%
  Macro: fed_funds=4.3300, vix=17.4
  → 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: +2.5%, 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=639.62, end=655.30, trailing_return=+2.45%
Annualized volatility: 12.20%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5500, t10y3m_spread=0.1600, breakeven_10y=2.2400, hy_oas=3.1900, ig_oas=0.8600, ted_spread=0.0900, mortgage_30y=6.2600, vix=23.4300

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: +2.45%
  Annualized volatility: 12.20%
  Macro: fed_funds=3.8800, 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: bull. SPY trailing return: +5.6%, 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=623.57, end=658.48, trailing_return=+5.60%
Annualized volatility: 10.84%
Macro indicators: fed_funds_rate=4.1000, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5500, t10y3m_spread=0.0100, breakeven_10y=2.3000, hy_oas=3.1100, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.3000, vix=20.8100

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.60%
  Annualized volatility: 10.84%
  Macro: fed_funds=4.1000, vix=20.8
  → 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: sideways. SPY trailing return: -1.0%, annualized vol: 12.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=591.94, end=586.04, trailing_return=-1.00%
Annualized volatility: 12.85%
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=-0.0600, breakeven_10y=2.3600, hy_oas=2.8100, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.8500, vix=19.1000

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

Explanation:
Regime classification:
  Trailing 60-day return: -1.00%
  Annualized volatility: 12.85%
  Macro: fed_funds=4.3300, 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: +6.8%, annualized vol: 19.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=559.02, end=596.91, trailing_return=+6.78%
Annualized volatility: 19.32%
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=-0.1000, breakeven_10y=2.2500, hy_oas=3.1700, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8400, vix=18.0200

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: +6.78%
  Annualized volatility: 19.32%
  Macro: fed_funds=4.3300, vix=18.0
  → 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: +2.8%, 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=573.05, end=589.04, trailing_return=+2.79%
Annualized volatility: 13.15%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=0.2700, breakeven_10y=2.4100, hy_oas=2.6600, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=7.0400, vix=15.9700

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: +2.79%
  Annualized volatility: 13.15%
  Macro: fed_funds=4.3300, vix=16.0
  → 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: +6.4%, 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=615.23, end=654.32, trailing_return=+6.35%
Annualized volatility: 8.95%
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=0.1400, breakeven_10y=2.3800, hy_oas=2.7600, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3000, vix=16.7400

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.35%
  Annualized volatility: 8.95%
  Macro: fed_funds=4.0900, vix=16.7
  → 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: +5.1%, 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=646.72, end=680.02, trailing_return=+5.15%
Annualized volatility: 12.48%
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=0.3400, breakeven_10y=2.2400, hy_oas=2.8900, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.2300, vix=16.0800

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: +5.15%
  Annualized volatility: 12.48%
  Macro: fed_funds=3.8900, 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: bear. SPY trailing return: -13.1%, 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=597.77, end=519.70, trailing_return=-13.06%
Annualized volatility: 19.42%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5200, t10y3m_spread=-0.0400, breakeven_10y=2.1700, hy_oas=4.1600, ig_oas=1.1300, ted_spread=0.0900, mortgage_30y=6.6200, vix=32.6400

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

Explanation:
Regime classification:
  Trailing 60-day return: -13.06%
  Annualized volatility: 19.42%
  Macro: fed_funds=4.3300, vix=32.6
  → 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: +7.8%, 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=630.57, end=679.47, trailing_return=+7.75%
Annualized volatility: 10.48%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.1500, breakeven_10y=2.3100, hy_oas=3.0400, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.1700, vix=17.1700

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: +7.75%
  Annualized volatility: 10.48%
  Macro: fed_funds=3.8700, vix=17.2
  → 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: bull. SPY trailing return: +13.4%, 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=552.47, end=626.76, trailing_return=+13.45%
Annualized volatility: 10.47%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4300, t10y3m_spread=-0.0400, breakeven_10y=2.3900, hy_oas=2.8600, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.7200, vix=16.7200

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

Explanation:
Regime classification:
  Trailing 60-day return: +13.45%
  Annualized volatility: 10.47%
  Macro: fed_funds=4.3300, vix=16.7
  → 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: bull. SPY trailing return: +5.7%, 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=623.48, end=659.29, trailing_return=+5.74%
Annualized volatility: 10.83%
Macro indicators: fed_funds_rate=4.1000, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.0300, breakeven_10y=2.3000, hy_oas=3.1800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.3000, vix=19.0300

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: +5.74%
  Annualized volatility: 10.83%
  Macro: fed_funds=4.1000, vix=19.0
  → 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: +6.9%, annualized vol: 19.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=557.59, end=595.85, trailing_return=+6.86%
Annualized volatility: 19.44%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4900, t10y3m_spread=0.0300, breakeven_10y=2.3000, hy_oas=3.1000, ig_oas=0.8700, ted_spread=0.0900, mortgage_30y=6.8400, vix=19.1100

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: +6.86%
  Annualized volatility: 19.44%
  Macro: fed_funds=4.3300, 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: -1.7%, 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=586.04, end=576.25, trailing_return=-1.67%
Annualized volatility: 21.69%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5800, t10y3m_spread=0.2200, breakeven_10y=2.3500, hy_oas=3.2500, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.8100, vix=20.8700

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: 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: 21.69%
  Macro: fed_funds=4.3300, vix=20.9
  → 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: -8.4%, annualized vol: 15.9%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.57, end=543.54, trailing_return=-8.43%
Annualized volatility: 15.87%
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=-0.0700, breakeven_10y=2.2900, hy_oas=3.4000, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.6500, vix=24.6600

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: -8.43%
  Annualized volatility: 15.87%
  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: +3.6%, 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=579.91, end=600.98, trailing_return=+3.63%
Annualized volatility: 12.32%
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: +3.63%
  Annualized volatility: 12.32%
  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: sideways. SPY trailing return: -3.0%, 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=601.65, end=583.77, trailing_return=-2.97%
Annualized volatility: 21.69%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4900, t10y3m_spread=0.0700, breakeven_10y=2.3400, hy_oas=3.2000, ig_oas=0.9400, ted_spread=0.0900, mortgage_30y=6.8100, vix=17.8300

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: -2.97%
  Annualized volatility: 21.69%
  Macro: fed_funds=4.3300, vix=17.8
  → 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: +9.7%, 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=583.36, end=639.88, trailing_return=+9.69%
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=0.5800, t10y3m_spread=-0.0100, breakeven_10y=2.4100, hy_oas=2.8800, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=14.2200

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: +9.69%
  Annualized volatility: 9.64%
  Macro: fed_funds=4.3300, vix=14.2
  → 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: sideways. SPY trailing return: -3.3%, annualized vol: 16.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=579.81, end=560.65, trailing_return=-3.30%
Annualized volatility: 15.98%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.4100, t10y3m_spread=0.0500, breakeven_10y=2.3900, hy_oas=3.2700, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.6500, vix=18.6900

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: -3.30%
  Annualized volatility: 15.98%
  Macro: fed_funds=4.3300, vix=18.7
  → 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: +17.2%, annualized vol: 14.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=527.89, end=618.81, trailing_return=+17.22%
Annualized volatility: 14.78%
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=-0.0800, breakeven_10y=2.3300, hy_oas=2.9400, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.6700, vix=15.9400

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: +17.22%
  Annualized volatility: 14.78%
  Macro: fed_funds=4.3300, vix=15.9
  → 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: +2.8%, annualized vol: 12.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=654.32, end=672.64, trailing_return=+2.80%
Annualized volatility: 12.80%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6600, t10y3m_spread=0.5000, breakeven_10y=2.2400, hy_oas=2.9500, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.2100, vix=16.8700

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.80%
  Annualized volatility: 12.80%
  Macro: fed_funds=3.6400, 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: sideways. SPY trailing return: -5.9%, 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=592.18, end=557.12, trailing_return=-5.92%
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=0.5300, t10y3m_spread=0.0300, breakeven_10y=2.2800, hy_oas=3.6000, ig_oas=1.0500, ted_spread=0.0900, mortgage_30y=6.7600, vix=23.6400

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: -5.92%
  Annualized volatility: 21.26%
  Macro: fed_funds=4.3300, vix=23.6
  → 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: +3.7%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=565.99, end=586.85, trailing_return=+3.69%
Annualized volatility: 12.13%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=0.2700, breakeven_10y=2.3400, hy_oas=2.7600, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.9100, vix=16.0400

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: +3.69%
  Annualized volatility: 12.13%
  Macro: fed_funds=4.3300, vix=16.0
  → 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: +8.6%, annualized vol: 9.0%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=601.68, end=653.64, trailing_return=+8.64%
Annualized volatility: 9.01%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5400, t10y3m_spread=0.0400, breakeven_10y=2.3800, hy_oas=2.7900, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3500, vix=15.7200

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.64%
  Annualized volatility: 9.01%
  Macro: fed_funds=4.3300, vix=15.7
  → 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: -3.6%, annualized vol: 14.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=595.98, end=574.72, trailing_return=-3.57%
Annualized volatility: 14.27%
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=-0.0700, breakeven_10y=2.3400, hy_oas=2.8800, ig_oas=0.8700, ted_spread=0.0900, mortgage_30y=6.7600, vix=21.9300

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: -3.57%
  Annualized volatility: 14.27%
  Macro: fed_funds=4.3300, vix=21.9
  → 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: -4.0%, annualized vol: 16.4%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=576.28, end=553.05, trailing_return=-4.03%
Annualized volatility: 16.39%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=-0.0900, breakeven_10y=2.3800, hy_oas=3.5500, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.6500, vix=22.2800

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: -4.03%
  Annualized volatility: 16.39%
  Macro: fed_funds=4.3300, vix=22.3
  → 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: -14.0%, 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=581.06, end=499.55, trailing_return=-14.03%
Annualized volatility: 17.78%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.3300, t10y3m_spread=-0.2700, breakeven_10y=2.1800, hy_oas=4.4500, ig_oas=1.1400, 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: -14.03%
  Annualized volatility: 17.78%
  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: -3.7%, 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=602.75, end=580.19, trailing_return=-3.74%
Annualized volatility: 21.67%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4700, t10y3m_spread=0.0800, breakeven_10y=2.3200, hy_oas=3.0900, ig_oas=0.9400, ted_spread=0.0900, mortgage_30y=6.7600, vix=18.2200

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: -3.74%
  Annualized volatility: 21.67%
  Macro: fed_funds=4.3300, vix=18.2
  → 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: -2.2%, 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: +7.0%, annualized vol: 11.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=634.43, end=679.13, trailing_return=+7.05%
Annualized volatility: 11.27%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5500, t10y3m_spread=0.1800, breakeven_10y=2.2900, hy_oas=3.0200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.2200, vix=17.2800

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: +7.05%
  Annualized volatility: 11.27%
  Macro: fed_funds=3.8700, vix=17.3
  → 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: bull. SPY trailing return: +8.9%, 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=625.86, end=681.36, trailing_return=+8.87%
Annualized volatility: 10.78%
Macro indicators: fed_funds_rate=4.1200, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.1200, breakeven_10y=2.2800, hy_oas=2.8000, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.1900, vix=15.7900

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: +8.87%
  Annualized volatility: 10.78%
  Macro: fed_funds=4.1200, vix=15.8
  → 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: bear. SPY trailing return: -9.5%, 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=583.18, end=527.89, trailing_return=-9.48%
Annualized volatility: 19.10%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5200, t10y3m_spread=0.1400, breakeven_10y=2.2000, hy_oas=4.2600, ig_oas=1.1800, ted_spread=0.0900, mortgage_30y=6.6200, vix=37.5600

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: -9.48%
  Annualized volatility: 19.10%
  Macro: fed_funds=4.3300, vix=37.6
  → 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: +3.9%, 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=580.10, end=602.75, trailing_return=+3.90%
Annualized volatility: 12.31%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2600, t10y3m_spread=0.2100, breakeven_10y=2.4500, hy_oas=2.6600, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.8700, 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: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +3.90%
  Annualized volatility: 12.31%
  Macro: fed_funds=4.3300, vix=15.4
  → 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: +0.3%, 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=572.10, end=573.87, trailing_return=+0.31%
Annualized volatility: 12.49%
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=0.4200, breakeven_10y=2.4400, hy_oas=2.8000, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.9300, vix=18.7100

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: +0.31%
  Annualized volatility: 12.49%
  Macro: fed_funds=4.3300, vix=18.7
  → 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: +9.2%, 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=585.99, end=639.73, trailing_return=+9.17%
Annualized volatility: 9.71%
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=2.4200, hy_oas=2.7800, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.5800, vix=14.6200

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.17%
  Annualized volatility: 9.71%
  Macro: fed_funds=4.3300, vix=14.6
  → 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: -3.0%, annualized vol: 13.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.28, end=575.42, trailing_return=-3.01%
Annualized volatility: 13.95%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2000, t10y3m_spread=-0.1900, breakeven_10y=2.3600, hy_oas=2.9400, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.7600, vix=22.7800

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: -3.01%
  Annualized volatility: 13.95%
  Macro: fed_funds=4.3300, vix=22.8
  → 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: +5.1%, 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=638.33, end=671.20, trailing_return=+5.15%
Annualized volatility: 12.48%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5800, t10y3m_spread=0.1100, breakeven_10y=2.2200, hy_oas=3.1000, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.2600, vix=18.5600

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: +5.15%
  Annualized volatility: 12.48%
  Macro: fed_funds=3.8800, 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: +10.7%, 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=576.25, end=638.03, trailing_return=+10.72%
Annualized volatility: 10.78%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5800, t10y3m_spread=0.0300, breakeven_10y=2.3800, hy_oas=2.8800, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=15.0900

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: +10.72%
  Annualized volatility: 10.78%
  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: sideways. SPY trailing return: -2.9%, 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=575.78, end=559.02, trailing_return=-2.91%
Annualized volatility: 15.91%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2600, t10y3m_spread=-0.0800, breakeven_10y=2.3100, hy_oas=3.1900, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.6500, vix=19.9000

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: -2.91%
  Annualized volatility: 15.91%
  Macro: fed_funds=4.3300, vix=19.9
  → 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: +5.9%, annualized vol: 19.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=557.40, end=590.23, trailing_return=+5.89%
Annualized volatility: 19.37%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4500, t10y3m_spread=-0.0400, breakeven_10y=2.2800, hy_oas=3.1800, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8400, vix=20.8200

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: +5.89%
  Annualized volatility: 19.37%
  Macro: fed_funds=4.3300, vix=20.8
  → 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: +6.9%, annualized vol: 19.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=554.76, end=592.88, trailing_return=+6.87%
Annualized volatility: 19.89%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4800, t10y3m_spread=0.0500, breakeven_10y=2.3100, hy_oas=3.1200, ig_oas=0.8700, ted_spread=0.0900, mortgage_30y=6.8500, vix=17.1600

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: +6.87%
  Annualized volatility: 19.89%
  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: +26.3%, 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=490.85, end=620.08, trailing_return=+26.33%
Annualized volatility: 16.74%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4700, t10y3m_spread=-0.0700, breakeven_10y=2.3300, hy_oas=2.8000, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.6700, vix=16.3800

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: +26.33%
  Annualized volatility: 16.74%
  Macro: fed_funds=4.3300, vix=16.4
  → 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: +3.1%, 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=664.67, end=685.14, trailing_return=+3.08%
Annualized volatility: 12.90%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6800, t10y3m_spread=0.4600, breakeven_10y=2.2400, hy_oas=2.8400, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.1800, vix=13.4700

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: +3.08%
  Annualized volatility: 12.90%
  Macro: fed_funds=3.6400, vix=13.5
  → 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: +15.5%, annualized vol: 18.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=530.62, end=612.65, trailing_return=+15.46%
Annualized volatility: 18.74%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5200, t10y3m_spread=-0.1700, breakeven_10y=2.2900, hy_oas=2.9600, ig_oas=0.8600, ted_spread=0.0900, mortgage_30y=6.7700, vix=16.7300

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

Explanation:
Regime classification:
  Trailing 60-day return: +15.46%
  Annualized volatility: 18.74%
  Macro: fed_funds=4.3300, vix=16.7
  → 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: +4.4%, 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=575.44, end=601.01, trailing_return=+4.44%
Annualized volatility: 12.55%
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=0.1800, breakeven_10y=2.4400, hy_oas=2.6600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.8700, vix=15.1000

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: 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: 12.55%
  Macro: fed_funds=4.3300, vix=15.1
  → 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: +9.3%, 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=590.23, end=644.86, trailing_return=+9.26%
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=0.5400, t10y3m_spread=-0.0200, breakeven_10y=2.3600, hy_oas=2.8700, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.5000, vix=15.0400

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: +9.26%
  Annualized volatility: 9.76%
  Macro: fed_funds=4.3300, vix=15.0
  → 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: bull. SPY trailing return: +7.2%, 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=620.56, end=665.43, trailing_return=+7.23%
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=0.0800, breakeven_10y=2.3400, hy_oas=2.8100, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3400, vix=16.6300

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: +7.23%
  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: bull. SPY trailing return: +7.9%, 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=594.54, end=641.80, 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=0.5900, t10y3m_spread=0.0300, breakeven_10y=2.3700, hy_oas=2.8300, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.5000, vix=15.1800

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: +7.95%
  Annualized volatility: 9.81%
  Macro: fed_funds=4.3300, vix=15.2
  → 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: sideways. SPY trailing return: +5.9%, 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=641.80, end=679.52, trailing_return=+5.88%
Annualized volatility: 12.45%
Macro indicators: fed_funds_rate=3.8900, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5500, t10y3m_spread=0.1400, breakeven_10y=2.2300, hy_oas=2.9200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.2300, 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: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +5.88%
  Annualized volatility: 12.45%
  Macro: fed_funds=3.8900, vix=16.4
  → 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: +6.4%, annualized vol: 20.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=550.88, end=586.33, trailing_return=+6.44%
Annualized volatility: 20.04%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4800, t10y3m_spread=-0.0400, breakeven_10y=2.2900, hy_oas=3.1800, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.8500, vix=18.4800

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: +6.44%
  Annualized volatility: 20.04%
  Macro: fed_funds=4.3300, vix=18.5
  → 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: +21.8%, annualized vol: 13.5%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=508.06, end=618.97, trailing_return=+21.83%
Annualized volatility: 13.50%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5800, t10y3m_spread=0.0500, breakeven_10y=2.4100, hy_oas=3.0000, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.7200, vix=17.1600

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: +21.83%
  Annualized volatility: 13.50%
  Macro: fed_funds=4.3300, vix=17.2
  → 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: sideways. SPY trailing return: +8.9%, annualized vol: 18.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=553.05, end=602.01, trailing_return=+8.85%
Annualized volatility: 18.73%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5500, t10y3m_spread=-0.0900, breakeven_10y=2.2800, hy_oas=3.0400, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8100, vix=16.7600

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: +8.85%
  Annualized volatility: 18.73%
  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)