Max weight deviation: 0.0219, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  IWM: current=0.2076, target=0.2500
  BNB-USD: current=0.3150, target=0.2500
  TLT: current=0.2461, target=0.2500
  CSHI: current=0.2313, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of BNB-USD

Explanation:
Maximum absolute deviation: 0.0219.
Rebalancing threshold: 0.0500.
0.0219 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0437, transaction cost = 0.000044 (negligible vs. drift).


Max weight deviation: 0.0337, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  XLK: current=0.2837, target=0.2500
  ETH-USD: current=0.2424, target=0.2500
  IGOV: current=0.2307, target=0.2500
  DBC: current=0.2432, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0337.
Rebalancing threshold: 0.0500.
0.0337 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0675, transaction cost = 0.000067 (negligible vs. drift).


Max weight deviation: 0.0398, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  EWJ: current=0.2740, target=0.2500
  AVAX-USD: current=0.2684, target=0.2500
  WEAT: current=0.2727, target=0.2500
  VNQI: current=0.1850, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of VNQI

Explanation:
Maximum absolute deviation: 0.0398.
Rebalancing threshold: 0.0500.
0.0398 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0797, transaction cost = 0.000080 (negligible vs. drift).


Max weight deviation: 0.0146, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  QQQ: current=0.2628, target=0.2500
  ETH-USD: current=0.2354, target=0.2500
  REZ: current=0.2429, target=0.2500
  TLH: current=0.2589, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0146.
Rebalancing threshold: 0.0500.
0.0146 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0434, transaction cost = 0.000043 (negligible vs. drift).


Max weight deviation: 0.0261, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  XLK: current=0.3149, target=0.2500
  AVAX-USD: current=0.2218, target=0.2500
  IYR: current=0.2094, target=0.2500
  CORN: current=0.2539, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0649 of XLK

Explanation:
Maximum absolute deviation: 0.0261.
Rebalancing threshold: 0.0500.
0.0261 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0554, transaction cost = 0.000055 (negligible vs. drift).


Max weight deviation: 0.0346, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  QUAL: current=0.2513, target=0.2500
  ADA-USD: current=0.2789, target=0.2500
  UNG: current=0.1850, target=0.2500
  SGOV: current=0.2848, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of UNG

Explanation:
Maximum absolute deviation: 0.0346.
Rebalancing threshold: 0.0500.
0.0346 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0691, transaction cost = 0.000069 (negligible vs. drift).


Max weight deviation: 0.0343, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  VLUE: current=0.2310, target=0.2500
  BTC-USD: current=0.2599, target=0.2500
  MORT: current=0.1941, target=0.2500
  DBC: current=0.3150, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of DBC

Explanation:
Maximum absolute deviation: 0.0343.
Rebalancing threshold: 0.0500.
0.0343 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0790, transaction cost = 0.000079 (negligible vs. drift).


Max weight deviation: 0.0186, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  EEM: current=0.1850, target=0.2500
  ADA-USD: current=0.2790, target=0.2500
  BIL: current=0.2808, target=0.2500
  SHY: current=0.2552, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bear

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of EEM

Explanation:
Maximum absolute deviation: 0.0186.
Rebalancing threshold: 0.0500.
0.0186 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0372, transaction cost = 0.000037 (negligible vs. drift).


Max weight deviation: 0.0213, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  QUAL: current=0.1851, target=0.2500
  ADA-USD: current=0.2687, target=0.2500
  IAU: current=0.2635, target=0.2500
  IEF: current=0.2827, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0649 of QUAL

Explanation:
Maximum absolute deviation: 0.0213.
Rebalancing threshold: 0.0500.
0.0213 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0425, transaction cost = 0.000043 (negligible vs. drift).


Max weight deviation: 0.0111, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  QQQ: current=0.2289, target=0.2500
  DOT-USD: current=0.2160, target=0.2500
  HAUZ: current=0.3150, target=0.2500
  BIL: current=0.2400, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of HAUZ

Explanation:
Maximum absolute deviation: 0.0111.
Rebalancing threshold: 0.0500.
0.0111 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0221, transaction cost = 0.000022 (negligible vs. drift).


Max weight deviation: 0.0184, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  XLRE: current=0.2496, target=0.2500
  ADA-USD: current=0.1850, target=0.2500
  HYG: current=0.3030, target=0.2500
  CSHI: current=0.2624, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of ADA-USD

Explanation:
Maximum absolute deviation: 0.0184.
Rebalancing threshold: 0.0500.
0.0184 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0370, transaction cost = 0.000037 (negligible vs. drift).


Max weight deviation: 0.0309, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  USMV: current=0.2798, target=0.2500
  XRP-USD: current=0.2191, target=0.2500
  SGOV: current=0.2257, target=0.2500
  HAUZ: current=0.2755, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0309.
Rebalancing threshold: 0.0500.
0.0309 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.1106, transaction cost = 0.000111 (negligible vs. drift).


Max weight deviation: 0.0154, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  FXI: current=0.2385, target=0.2500
  ETH-USD: current=0.2528, target=0.2500
  SGOV: current=0.3149, target=0.2500
  SCHH: current=0.1938, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0649 of SGOV

Explanation:
Maximum absolute deviation: 0.0154.
Rebalancing threshold: 0.0500.
0.0154 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0320, transaction cost = 0.000032 (negligible vs. drift).


Max weight deviation: 0.0189, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  FXI: current=0.2325, target=0.2500
  BNB-USD: current=0.3150, target=0.2500
  SGOV: current=0.1998, target=0.2500
  SCHH: current=0.2528, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of BNB-USD

Explanation:
Maximum absolute deviation: 0.0189.
Rebalancing threshold: 0.0500.
0.0189 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0394, transaction cost = 0.000039 (negligible vs. drift).


Max weight deviation: 0.0499, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  XLP: current=0.2079, target=0.2500
  SOL-USD: current=0.2372, target=0.2500
  VNQI: current=0.2398, target=0.2500
  IAU: current=0.3150, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bear

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of IAU

Explanation:
Maximum absolute deviation: 0.0499.
Rebalancing threshold: 0.0500.
0.0499 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0997, transaction cost = 0.000100 (negligible vs. drift).


Max weight deviation: 0.0240, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  EEM: current=0.2595, target=0.2500
  ETH-USD: current=0.1850, target=0.2500
  BIL: current=0.2438, target=0.2500
  PPLT: current=0.3117, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bear

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of ETH-USD

Explanation:
Maximum absolute deviation: 0.0240.
Rebalancing threshold: 0.0500.
0.0240 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0526, transaction cost = 0.000053 (negligible vs. drift).


Max weight deviation: 0.0201, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  SPY: current=0.2073, target=0.2500
  BNB-USD: current=0.2513, target=0.2500
  SGOV: current=0.3150, target=0.2500
  TIP: current=0.2264, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of SGOV

Explanation:
Maximum absolute deviation: 0.0201.
Rebalancing threshold: 0.0500.
0.0201 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0410, transaction cost = 0.000041 (negligible vs. drift).


Max weight deviation: 0.0204, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  EWJ: current=0.2377, target=0.2500
  ADA-USD: current=0.2455, target=0.2500
  ICSH: current=0.2704, target=0.2500
  IAU: current=0.2464, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0204.
Rebalancing threshold: 0.0500.
0.0204 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0408, transaction cost = 0.000041 (negligible vs. drift).


Max weight deviation: 0.0336, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  IVV: current=0.2440, target=0.2500
  BTC-USD: current=0.2836, target=0.2500
  SHV: current=0.2521, target=0.2500
  DBB: current=0.2202, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0336.
Rebalancing threshold: 0.0500.
0.0336 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0714, transaction cost = 0.000071 (negligible vs. drift).


Max weight deviation: 0.0460, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  VEA: current=0.2960, target=0.2500
  ADA-USD: current=0.2472, target=0.2500
  SOYB: current=0.2157, target=0.2500
  EMB: current=0.2411, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bear

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0460.
Rebalancing threshold: 0.0500.
0.0460 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0919, transaction cost = 0.000092 (negligible vs. drift).


Max weight deviation: 0.0296, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  VLUE: current=0.2142, target=0.2500
  BNB-USD: current=0.2430, target=0.2500
  REZ: current=0.2278, target=0.2500
  SGOV: current=0.3150, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; sell 0.0650 of SGOV

Explanation:
Maximum absolute deviation: 0.0296.
Rebalancing threshold: 0.0500.
0.0296 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0592, transaction cost = 0.000059 (negligible vs. drift).


Max weight deviation: 0.0349, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  QUAL: current=0.2760, target=0.2500
  SOL-USD: current=0.2643, target=0.2500
  HAUZ: current=0.1850, target=0.2500
  SGOV: current=0.2747, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of HAUZ

Explanation:
Maximum absolute deviation: 0.0349.
Rebalancing threshold: 0.0500.
0.0349 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0698, transaction cost = 0.000070 (negligible vs. drift).


Max weight deviation: 0.0218, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  QQQ: current=0.2587, target=0.2500
  XRP-USD: current=0.2282, target=0.2500
  JNK: current=0.2591, target=0.2500
  BNO: current=0.2540, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0218.
Rebalancing threshold: 0.0500.
0.0218 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0437, transaction cost = 0.000044 (negligible vs. drift).


Max weight deviation: 0.0280, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  ^VIX: current=0.2347, target=0.2500
  BNB-USD: current=0.2780, target=0.2500
  BNDX: current=0.2470, target=0.2500
  BIL: current=0.2403, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0280.
Rebalancing threshold: 0.0500.
0.0280 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0561, transaction cost = 0.000056 (negligible vs. drift).


Max weight deviation: 0.0154, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  XLP: current=0.2367, target=0.2500
  BNB-USD: current=0.2609, target=0.2500
  REZ: current=0.2654, target=0.2500
  SHY: current=0.2370, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0154.
Rebalancing threshold: 0.0500.
0.0154 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0526, transaction cost = 0.000053 (negligible vs. drift).


Max weight deviation: 0.0147, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  ACWI: current=0.2647, target=0.2500
  XRP-USD: current=0.2358, target=0.2500
  ICSH: current=0.2379, target=0.2500
  SCHP: current=0.2617, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bear

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0147.
Rebalancing threshold: 0.0500.
0.0147 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0527, transaction cost = 0.000053 (negligible vs. drift).


Max weight deviation: 0.0127, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  EFA: current=0.1849, target=0.2500
  DOT-USD: current=0.2141, target=0.2500
  GLD: current=0.3010, target=0.2500
  REZ: current=0.3000, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0651 of EFA

Explanation:
Maximum absolute deviation: 0.0127.
Rebalancing threshold: 0.0500.
0.0127 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0395, transaction cost = 0.000039 (negligible vs. drift).


Max weight deviation: 0.0325, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  VTI: current=0.2585, target=0.2500
  DOT-USD: current=0.2690, target=0.2500
  TIP: current=0.2175, target=0.2500
  ICSH: current=0.2549, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: bull

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0325.
Rebalancing threshold: 0.0500.
0.0325 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0649, transaction cost = 0.000065 (negligible vs. drift).


Max weight deviation: 0.0383, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  XLP: current=0.2700, target=0.2500
  LINK-USD: current=0.1850, target=0.2500
  SCHH: current=0.2793, target=0.2500
  CSHI: current=0.2657, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: yes; buy 0.0650 of LINK-USD

Explanation:
Maximum absolute deviation: 0.0383.
Rebalancing threshold: 0.0500.
0.0383 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0766, transaction cost = 0.000077 (negligible vs. drift).


Max weight deviation: 0.0309, threshold: 0.05. Decision: no (rebalance).

Question:
Portfolio holdings (current vs. target weights):
  ACWI: current=0.2335, target=0.2500
  ETH-USD: current=0.2459, target=0.2500
  CORN: current=0.2809, target=0.2500
  INDS: current=0.2397, target=0.2500

Rebalancing threshold: 5.00%
Transaction cost (round-trip): 0.10%
Market regime: sideways

Part A: Should this portfolio be rebalanced? (yes or no)
Part B: If yes - identify the asset with the largest deviation from its target weight and specify the required trade as a fraction of portfolio (e.g., 'buy 0.0300 of ASSET' or 'sell 0.0500 of ASSET').

Answer: no

Explanation:
Maximum absolute deviation: 0.0309.
Rebalancing threshold: 0.0500.
0.0309 <= 0.0500 → decision: 'no'.
If rebalanced: total turnover = 0.0618, transaction cost = 0.000062 (negligible vs. drift).


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: bull. SPY trailing return: +9.2%, annualized vol: 11.2%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=616.49, end=673.42, trailing_return=+9.23%
Annualized volatility: 11.20%
Macro indicators: fed_funds_rate=4.1100, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5400, t10y3m_spread=0.0900, breakeven_10y=2.2900, hy_oas=2.8800, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.1900, vix=16.3700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.23%
  Annualized volatility: 11.20%
  Macro: fed_funds=4.1100, vix=16.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +3.7%, annualized vol: 12.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=655.35, end=679.76, trailing_return=+3.72%
Annualized volatility: 12.40%
Macro indicators: fed_funds_rate=3.8900, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6000, t10y3m_spread=0.4400, breakeven_10y=2.2600, hy_oas=2.8900, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.1900, vix=16.6600

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.72%
  Annualized volatility: 12.40%
  Macro: fed_funds=3.8900, 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: bull. SPY trailing return: +18.5%, 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=520.44, end=616.91, trailing_return=+18.53%
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=0.5500, t10y3m_spread=0.0800, breakeven_10y=2.4100, hy_oas=2.9500, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.7200, vix=17.3800

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

Explanation:
Regime classification:
  Trailing 60-day return: +18.53%
  Annualized volatility: 13.50%
  Macro: fed_funds=4.3300, vix=17.4
  → Regime: bull

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


Regime: bear. SPY trailing return: -11.2%, annualized vol: 20.6%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=595.88, end=529.35, trailing_return=-11.16%
Annualized volatility: 20.55%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5900, t10y3m_spread=0.0700, breakeven_10y=2.2900, hy_oas=3.7500, ig_oas=1.0800, ted_spread=0.0900, mortgage_30y=6.8300, vix=28.4500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -11.16%
  Annualized volatility: 20.55%
  Macro: fed_funds=4.3300, vix=28.5
  → Regime: bear

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


Regime: sideways. SPY trailing return: +16.4%, annualized vol: 14.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=533.01, end=620.56, trailing_return=+16.42%
Annualized volatility: 14.45%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4900, t10y3m_spread=-0.0700, breakeven_10y=2.3400, hy_oas=2.9200, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.7200, vix=15.7800

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: +16.42%
  Annualized volatility: 14.45%
  Macro: fed_funds=4.3300, vix=15.8
  → Regime: sideways

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


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

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

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

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

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

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

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


Regime: bear. SPY trailing return: -8.9%, annualized vol: 21.0%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.20, end=540.49, trailing_return=-8.89%
Annualized volatility: 20.97%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5500, t10y3m_spread=0.0000, breakeven_10y=2.3000, hy_oas=3.7300, ig_oas=1.0600, ted_spread=0.0900, mortgage_30y=6.8100, vix=26.4700

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

Explanation:
Regime classification:
  Trailing 60-day return: -8.89%
  Annualized volatility: 20.97%
  Macro: fed_funds=4.3300, vix=26.5
  → Regime: bear

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


Regime: sideways. SPY trailing return: +0.1%, annualized vol: 21.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=585.74, end=586.13, trailing_return=+0.07%
Annualized volatility: 21.45%
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=0.1000, breakeven_10y=2.3500, hy_oas=3.2000, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.8100, vix=18.0900

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

Explanation:
Regime classification:
  Trailing 60-day return: +0.07%
  Annualized volatility: 21.45%
  Macro: fed_funds=4.3300, vix=18.1
  → 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: +6.3%, annualized vol: 13.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=560.99, end=596.39, trailing_return=+6.31%
Annualized volatility: 13.02%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=0.2200, breakeven_10y=2.3800, hy_oas=2.6700, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.9500, vix=15.8400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.31%
  Annualized volatility: 13.02%
  Macro: fed_funds=4.3300, vix=15.8
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -2.6%, 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=591.94, end=576.68, trailing_return=-2.58%
Annualized volatility: 13.16%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2200, t10y3m_spread=-0.0300, breakeven_10y=2.3700, hy_oas=2.8100, ig_oas=0.8500, ted_spread=0.0900, mortgage_30y=6.7600, vix=21.1300

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: -2.58%
  Annualized volatility: 13.16%
  Macro: fed_funds=4.3300, vix=21.1
  → 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: -4.2%, annualized vol: 16.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=586.50, end=562.15, trailing_return=-4.15%
Annualized volatility: 16.10%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3700, t10y3m_spread=0.0200, breakeven_10y=2.3700, hy_oas=3.1900, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.6700, vix=18.3300

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: -4.15%
  Annualized volatility: 16.10%
  Macro: fed_funds=4.3300, vix=18.3
  → 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: -0.2%, 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=590.08, end=588.67, trailing_return=-0.24%
Annualized volatility: 12.86%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2700, t10y3m_spread=0.0900, breakeven_10y=2.4200, hy_oas=2.7800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.8500, vix=18.9800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -0.24%
  Annualized volatility: 12.86%
  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: -0.1%, 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=588.67, end=588.11, trailing_return=-0.10%
Annualized volatility: 21.45%
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=2.3600, hy_oas=3.2100, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8100, vix=18.1400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -0.10%
  Annualized volatility: 21.45%
  Macro: fed_funds=4.3300, vix=18.1
  → 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: +14.8%, annualized vol: 10.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=548.04, end=629.08, trailing_return=+14.79%
Annualized volatility: 10.86%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5200, t10y3m_spread=0.0100, breakeven_10y=2.4500, hy_oas=2.8200, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.7400, vix=15.3900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +14.79%
  Annualized volatility: 10.86%
  Macro: fed_funds=4.3300, vix=15.4
  → Regime: bull

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


Regime: bull. SPY trailing return: +10.0%, 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=595.10, end=654.45, trailing_return=+9.97%
Annualized volatility: 9.15%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5300, t10y3m_spread=0.0000, breakeven_10y=2.3700, hy_oas=2.7900, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3500, vix=16.3600

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.97%
  Annualized volatility: 9.15%
  Macro: fed_funds=4.3300, vix=16.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +2.8%, 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=585.03, end=601.65, trailing_return=+2.84%
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=0.2200, t10y3m_spread=0.1700, breakeven_10y=2.4500, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.8500, vix=15.6600

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.84%
  Annualized volatility: 12.32%
  Macro: fed_funds=4.3300, vix=15.7
  → Regime: sideways

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


Regime: bear. SPY trailing return: -6.9%, annualized vol: 16.5%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=596.11, end=554.76, trailing_return=-6.94%
Annualized volatility: 16.49%
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=-0.0200, breakeven_10y=2.3000, hy_oas=3.2500, ig_oas=0.9400, 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: -6.94%
  Annualized volatility: 16.49%
  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: -4.9%, annualized vol: 15.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=586.19, end=557.59, trailing_return=-4.88%
Annualized volatility: 15.71%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3100, t10y3m_spread=-0.0800, breakeven_10y=2.3300, hy_oas=3.2100, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.6700, vix=19.2800

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

Explanation:
Regime classification:
  Trailing 60-day return: -4.88%
  Annualized volatility: 15.71%
  Macro: fed_funds=4.3300, vix=19.3
  → 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: +1.8%, 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=585.12, end=595.58, trailing_return=+1.79%
Annualized volatility: 12.33%
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=0.1000, breakeven_10y=2.4200, hy_oas=2.6900, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9500, vix=15.7700

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: +1.79%
  Annualized volatility: 12.33%
  Macro: fed_funds=4.3300, vix=15.8
  → Regime: sideways

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


Regime: bull. SPY trailing return: +6.2%, 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=637.89, end=677.58, trailing_return=+6.22%
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=17.6000

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.22%
  Annualized volatility: 11.27%
  Macro: fed_funds=3.8700, vix=17.6
  → 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: +6.0%, annualized vol: 13.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=559.78, end=593.21, trailing_return=+5.97%
Annualized volatility: 13.07%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3600, t10y3m_spread=0.2700, breakeven_10y=2.4200, hy_oas=2.6800, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.9500, vix=16.4300

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: +5.97%
  Annualized volatility: 13.07%
  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: bull. SPY trailing return: +7.8%, 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=616.91, end=665.33, trailing_return=+7.85%
Annualized volatility: 8.67%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5700, t10y3m_spread=0.1300, breakeven_10y=2.3500, hy_oas=2.8200, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3400, vix=17.2400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.85%
  Annualized volatility: 8.67%
  Macro: fed_funds=4.0900, 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: +1.9%, 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=569.38, end=580.21, trailing_return=+1.90%
Annualized volatility: 12.37%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3700, t10y3m_spread=0.3200, breakeven_10y=2.3800, hy_oas=2.7900, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.9100, vix=17.8200

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: +1.90%
  Annualized volatility: 12.37%
  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: sideways. SPY trailing return: +1.7%, annualized vol: 12.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=586.68, end=596.65, trailing_return=+1.70%
Annualized volatility: 12.43%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2500, t10y3m_spread=0.1900, breakeven_10y=2.4600, hy_oas=2.6600, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.8900, vix=16.0200

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: +1.70%
  Annualized volatility: 12.43%
  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: +5.4%, annualized vol: 10.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=637.28, end=671.42, trailing_return=+5.36%
Annualized volatility: 10.80%
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=0.1400, breakeven_10y=2.2900, hy_oas=3.1300, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.1700, vix=19.0000

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: +5.36%
  Annualized volatility: 10.80%
  Macro: fed_funds=3.8700, 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: +5.4%, annualized vol: 10.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=639.47, end=673.74, trailing_return=+5.36%
Annualized volatility: 10.63%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5400, t10y3m_spread=0.2100, breakeven_10y=2.3000, hy_oas=3.0500, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.1700, vix=18.0100

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: +5.36%
  Annualized volatility: 10.63%
  Macro: fed_funds=3.8700, 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: -5.8%, annualized vol: 16.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.65, end=559.04, trailing_return=-5.83%
Annualized volatility: 16.55%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2500, t10y3m_spread=-0.0300, breakeven_10y=2.2900, hy_oas=3.1800, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.6500, vix=20.5100

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: -5.83%
  Annualized volatility: 16.55%
  Macro: fed_funds=4.3300, vix=20.5
  → 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: +0.8%, 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=643.46, end=648.84, trailing_return=+0.84%
Annualized volatility: 12.05%
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=3.1700, ig_oas=0.8500, ted_spread=0.0900, mortgage_30y=6.2600, vix=26.4200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +0.84%
  Annualized volatility: 12.05%
  Macro: fed_funds=3.8800, vix=26.4
  → 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: -4.0%, 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=592.74, end=568.94, trailing_return=-4.02%
Annualized volatility: 15.93%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3500, t10y3m_spread=-0.0200, breakeven_10y=2.3500, hy_oas=3.0900, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.6700, vix=17.1500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -4.02%
  Annualized volatility: 15.93%
  Macro: fed_funds=4.3300, vix=17.1
  → 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: +2.2%, annualized vol: 21.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=568.61, end=581.07, trailing_return=+2.19%
Annualized volatility: 21.41%
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=0.1200, breakeven_10y=2.3200, hy_oas=3.2300, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.8600, vix=19.3100

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: +2.19%
  Annualized volatility: 21.41%
  Macro: fed_funds=4.3300, vix=19.3
  → 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: +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=652.10, end=680.52, trailing_return=+4.36%
Annualized volatility: 12.47%
Macro indicators: fed_funds_rate=3.8900, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5900, t10y3m_spread=0.4000, breakeven_10y=2.2600, hy_oas=2.8800, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.1900, vix=15.7800

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: +4.36%
  Annualized volatility: 12.47%
  Macro: fed_funds=3.8900, vix=15.8
  → Regime: sideways

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


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

Question:
Market indicator: SPY
Price history (60 days): start=631.74, end=660.63, trailing_return=+4.57%
Annualized volatility: 10.91%
Macro indicators: fed_funds_rate=4.1100, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5600, t10y3m_spread=0.0200, breakeven_10y=2.2700, hy_oas=3.0400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2700, vix=20.7800

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.57%
  Annualized volatility: 10.91%
  Macro: fed_funds=4.1100, 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: bull. SPY trailing return: +7.8%, annualized vol: 10.6%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=626.93, end=675.98, trailing_return=+7.82%
Annualized volatility: 10.56%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5000, t10y3m_spread=0.1900, breakeven_10y=2.2900, hy_oas=2.8500, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.1700, vix=16.9100

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: +7.82%
  Annualized volatility: 10.56%
  Macro: fed_funds=3.8700, vix=16.9
  → Regime: bull

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


Regime: bear. SPY trailing return: -15.2%, annualized vol: 19.8%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=599.28, end=508.06, trailing_return=-15.22%
Annualized volatility: 19.79%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.6700, t10y3m_spread=0.0800, breakeven_10y=2.2200, hy_oas=4.1600, ig_oas=1.1200, ted_spread=0.0900, mortgage_30y=6.8300, vix=33.8200

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

Explanation:
Regime classification:
  Trailing 60-day return: -15.22%
  Annualized volatility: 19.79%
  Macro: fed_funds=4.3300, vix=33.8
  → 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: +3.2%, annualized vol: 20.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=567.69, end=585.99, trailing_return=+3.22%
Annualized volatility: 20.88%
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=0.0200, breakeven_10y=2.3300, hy_oas=3.2700, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.8900, vix=18.3600

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.22%
  Annualized volatility: 20.88%
  Macro: fed_funds=4.3300, vix=18.4
  → 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: -7.0%, annualized vol: 21.0%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=589.22, end=548.04, trailing_return=-6.99%
Annualized volatility: 21.05%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5400, t10y3m_spread=-0.1200, breakeven_10y=2.2300, hy_oas=3.7400, ig_oas=1.0600, ted_spread=0.0900, mortgage_30y=6.8100, vix=24.1700

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

Explanation:
Regime classification:
  Trailing 60-day return: -6.99%
  Annualized volatility: 21.05%
  Macro: fed_funds=4.3300, vix=24.2
  → 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: +1.6%, annualized vol: 12.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=657.36, end=667.60, trailing_return=+1.56%
Annualized volatility: 12.74%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6700, t10y3m_spread=0.5200, breakeven_10y=2.2400, hy_oas=2.9900, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.2200, vix=17.6200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +1.56%
  Annualized volatility: 12.74%
  Macro: fed_funds=3.6400, vix=17.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -1.2%, annualized vol: 13.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.00, end=585.68, trailing_return=-1.23%
Annualized volatility: 13.48%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2500, t10y3m_spread=-0.0800, breakeven_10y=2.3800, hy_oas=2.8700, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.7600, vix=19.6300

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

Explanation:
Regime classification:
  Trailing 60-day return: -1.23%
  Annualized volatility: 13.48%
  Macro: fed_funds=4.3300, vix=19.6
  → 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: +4.4%, annualized vol: 10.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=629.08, end=656.90, trailing_return=+4.42%
Annualized volatility: 10.86%
Macro indicators: fed_funds_rate=4.1100, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5800, t10y3m_spread=-0.0300, breakeven_10y=2.2800, hy_oas=3.0400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2700, vix=25.3100

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: +4.42%
  Annualized volatility: 10.86%
  Macro: fed_funds=4.1100, vix=25.3
  → 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: +8.1%, annualized vol: 8.6%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=618.97, end=669.30, trailing_return=+8.13%
Annualized volatility: 8.65%
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=0.1200, breakeven_10y=2.3500, hy_oas=2.8400, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3400, vix=16.3000

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: +8.13%
  Annualized volatility: 8.65%
  Macro: fed_funds=4.1000, vix=16.3
  → Regime: bull

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


Regime: sideways. SPY trailing return: +3.2%, annualized vol: 21.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=564.52, end=582.71, trailing_return=+3.22%
Annualized volatility: 21.17%
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=0.0500, breakeven_10y=2.3400, hy_oas=3.3200, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8900, vix=18.5700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.22%
  Annualized volatility: 21.17%
  Macro: fed_funds=4.3300, vix=18.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -0.0%, 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=576.68, end=576.48, trailing_return=-0.04%
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=0.5400, t10y3m_spread=0.1700, breakeven_10y=2.3400, hy_oas=3.3200, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8600, vix=20.2800

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

Explanation:
Regime classification:
  Trailing 60-day return: -0.04%
  Annualized volatility: 21.69%
  Macro: fed_funds=4.3300, vix=20.3
  → 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: +2.1%, annualized vol: 12.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=663.06, end=676.88, trailing_return=+2.08%
Annualized volatility: 12.59%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6700, t10y3m_spread=0.5300, breakeven_10y=2.2500, hy_oas=2.9100, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2200, vix=16.5000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.08%
  Annualized volatility: 12.59%
  Macro: fed_funds=3.6400, vix=16.5
  → Regime: sideways

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


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

Question:
Market indicator: SPY
Price history (60 days): start=574.03, end=581.06, trailing_return=+1.22%
Annualized volatility: 12.31%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3900, t10y3m_spread=0.3200, breakeven_10y=2.4000, hy_oas=2.8400, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9100, vix=17.7000

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

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

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

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

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


Regime: sideways. SPY trailing return: +3.5%, 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=659.92, end=682.96, trailing_return=+3.49%
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=0.7300, t10y3m_spread=0.5300, breakeven_10y=2.2300, hy_oas=2.8800, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2100, vix=14.0800

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: +3.49%
  Annualized volatility: 12.89%
  Macro: fed_funds=3.6400, vix=14.1
  → 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: +7.6%, annualized vol: 8.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=612.65, end=659.46, trailing_return=+7.64%
Annualized volatility: 8.86%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5900, t10y3m_spread=0.1200, breakeven_10y=2.3700, hy_oas=2.7100, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.2600, vix=16.6400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.64%
  Annualized volatility: 8.86%
  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: +17.6%, annualized vol: 11.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=529.35, end=622.30, trailing_return=+17.56%
Annualized volatility: 11.77%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5600, t10y3m_spread=0.0400, breakeven_10y=2.4100, hy_oas=2.9300, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.7500, 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: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +17.56%
  Annualized volatility: 11.77%
  Macro: fed_funds=4.3300, vix=16.4
  → Regime: bull

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


Regime: bear. SPY trailing return: -4.0%, annualized vol: 16.7%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=575.96, end=553.00, trailing_return=-3.99%
Annualized volatility: 16.66%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2500, t10y3m_spread=-0.0500, breakeven_10y=2.3000, hy_oas=3.2300, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.6500, vix=21.7000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -3.99%
  Annualized volatility: 16.66%
  Macro: fed_funds=4.3300, vix=21.7
  → Regime: bear

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


Regime: bull. SPY trailing return: +11.1%, annualized vol: 10.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=554.79, end=616.49, trailing_return=+11.12%
Annualized volatility: 10.93%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5400, t10y3m_spread=-0.1200, breakeven_10y=2.3300, hy_oas=3.1300, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.7200, vix=20.3800

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

Explanation:
Regime classification:
  Trailing 60-day return: +11.12%
  Annualized volatility: 10.93%
  Macro: fed_funds=4.3300, vix=20.4
  → Regime: bull

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


Regime: bull. SPY trailing return: +9.3%, 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=582.71, end=637.07, trailing_return=+9.33%
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=0.5500, t10y3m_spread=-0.0100, breakeven_10y=2.4100, hy_oas=2.8000, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=14.7900

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: +9.33%
  Annualized volatility: 9.71%
  Macro: fed_funds=4.3300, vix=14.8
  → Regime: bull

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


Regime: bull. SPY trailing return: +8.9%, annualized vol: 10.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=627.46, end=683.50, trailing_return=+8.93%
Annualized volatility: 10.32%
Macro indicators: fed_funds_rate=4.1200, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.4900, t10y3m_spread=0.1500, breakeven_10y=2.3000, hy_oas=2.7600, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.1900, vix=16.9200

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: +8.93%
  Annualized volatility: 10.32%
  Macro: fed_funds=4.1200, vix=16.9
  → Regime: bull

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


Regime: sideways. SPY trailing return: +18.6%, 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=518.63, end=615.12, trailing_return=+18.60%
Annualized volatility: 16.00%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5200, t10y3m_spread=0.0000, breakeven_10y=2.3500, hy_oas=2.9200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.6700, vix=16.8100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +18.60%
  Annualized volatility: 16.00%
  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)