Regime: sideways. SPY trailing return: +9.4%, annualized vol: 18.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=554.61, end=606.72, trailing_return=+9.40%
Annualized volatility: 18.74%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5600, t10y3m_spread=-0.1300, breakeven_10y=2.2800, hy_oas=3.0400, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.7700, vix=16.5900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.40%
  Annualized volatility: 18.74%
  Macro: fed_funds=4.3300, vix=16.6
  → Regime: sideways

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


Regime: bear. SPY trailing return: -7.2%, annualized vol: 15.7%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=593.69, end=550.88, trailing_return=-7.21%
Annualized volatility: 15.69%
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=-0.0300, breakeven_10y=2.3300, hy_oas=3.2000, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.6300, vix=24.2300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -7.21%
  Annualized volatility: 15.69%
  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: bull. SPY trailing return: +11.2%, annualized vol: 9.2%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=589.28, end=655.35, trailing_return=+11.21%
Annualized volatility: 9.16%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5100, t10y3m_spread=-0.0100, breakeven_10y=2.3700, hy_oas=2.7500, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3500, vix=15.6900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +11.21%
  Annualized volatility: 9.16%
  Macro: fed_funds=4.3300, vix=15.7
  → Regime: bull

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


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

Question:
Market indicator: SPY
Price history (60 days): start=549.36, end=601.68, trailing_return=+9.52%
Annualized volatility: 19.24%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5500, t10y3m_spread=-0.0800, breakeven_10y=2.2900, hy_oas=3.0600, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8100, vix=17.4800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.52%
  Annualized volatility: 19.24%
  Macro: fed_funds=4.3300, vix=17.5
  → Regime: sideways

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


Regime: bull. SPY trailing return: +8.3%, annualized vol: 10.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=584.45, end=632.74, trailing_return=+8.26%
Annualized volatility: 10.07%
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=2.3500, hy_oas=2.9400, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=15.6900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.26%
  Annualized volatility: 10.07%
  Macro: fed_funds=4.3300, vix=15.7
  → Regime: bull

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


Regime: sideways. SPY trailing return: +26.3%, annualized vol: 16.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=490.85, end=620.08, trailing_return=+26.33%
Annualized volatility: 16.74%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4700, t10y3m_spread=-0.0700, breakeven_10y=2.3300, hy_oas=2.8000, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.6700, vix=16.3800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +26.33%
  Annualized volatility: 16.74%
  Macro: fed_funds=4.3300, vix=16.4
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +6.1%, annualized vol: 19.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=560.65, end=595.10, trailing_return=+6.14%
Annualized volatility: 19.13%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5000, t10y3m_spread=-0.0400, breakeven_10y=2.3000, hy_oas=3.1200, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.8100, vix=19.8300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.14%
  Annualized volatility: 19.13%
  Macro: fed_funds=4.3300, vix=19.8
  → Regime: sideways

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


Regime: bull. SPY trailing return: +5.2%, 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=628.88, end=661.40, trailing_return=+5.17%
Annualized volatility: 10.86%
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=0.0200, breakeven_10y=2.2900, hy_oas=2.9500, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.3000, vix=20.6400

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: +5.17%
  Annualized volatility: 10.86%
  Macro: fed_funds=4.1000, vix=20.6
  → 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: +4.6%, 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=653.64, end=683.68, trailing_return=+4.60%
Annualized volatility: 12.42%
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=0.4400, breakeven_10y=2.2500, hy_oas=2.9100, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.1900, 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: +4.60%
  Annualized volatility: 12.42%
  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: +15.5%, 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=544.61, end=628.88, trailing_return=+15.47%
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=2.3700, hy_oas=2.8300, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.7500, vix=15.3700

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: +15.47%
  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: bear. SPY trailing return: -8.5%, annualized vol: 17.1%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=580.21, end=530.62, trailing_return=-8.55%
Annualized volatility: 17.08%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.3500, t10y3m_spread=-0.2500, breakeven_10y=2.2800, hy_oas=4.0100, ig_oas=1.0600, ted_spread=0.0900, mortgage_30y=6.6400, vix=30.0200

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

Explanation:
Regime classification:
  Trailing 60-day return: -8.55%
  Annualized volatility: 17.08%
  Macro: fed_funds=4.3300, vix=30.0
  → Regime: bear

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


Regime: bull. SPY trailing return: +7.7%, annualized vol: 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=615.12, end=662.41, trailing_return=+7.69%
Annualized volatility: 8.71%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5600, t10y3m_spread=0.1400, breakeven_10y=2.3600, hy_oas=2.8000, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3000, vix=16.2800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.69%
  Annualized volatility: 8.71%
  Macro: fed_funds=4.0900, vix=16.3
  → Regime: bull

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


Regime: sideways. SPY trailing return: +5.0%, 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=643.66, end=675.83, trailing_return=+5.00%
Annualized volatility: 12.51%
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=0.0800, breakeven_10y=2.2300, hy_oas=3.0000, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.2300, vix=17.1900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.00%
  Annualized volatility: 12.51%
  Macro: fed_funds=3.8800, vix=17.2
  → Regime: sideways

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


Regime: bull. SPY trailing return: +8.9%, 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=576.38, end=627.46, trailing_return=+8.86%
Annualized volatility: 11.35%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5300, t10y3m_spread=-0.1000, breakeven_10y=2.3400, hy_oas=2.9800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.7200, vix=16.7700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.86%
  Annualized volatility: 11.35%
  Macro: fed_funds=4.3300, vix=16.8
  → Regime: bull

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


Regime: sideways. SPY trailing return: -6.7%, 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=592.19, end=552.56, trailing_return=-6.69%
Annualized volatility: 15.67%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3300, t10y3m_spread=-0.1100, breakeven_10y=2.3100, hy_oas=3.1600, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.6300, vix=27.8600

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: -6.69%
  Annualized volatility: 15.67%
  Macro: fed_funds=4.3300, vix=27.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +13.5%, annualized vol: 16.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=542.40, end=615.46, trailing_return=+13.47%
Annualized volatility: 16.44%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5000, t10y3m_spread=-0.0200, breakeven_10y=2.3500, hy_oas=2.8600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.6700, vix=17.7900

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

Explanation:
Regime classification:
  Trailing 60-day return: +13.47%
  Annualized volatility: 16.44%
  Macro: fed_funds=4.3300, vix=17.8
  → Regime: sideways

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


Regime: bull. SPY trailing return: +14.4%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=552.14, end=631.58, trailing_return=+14.39%
Annualized volatility: 10.84%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5100, t10y3m_spread=0.0200, breakeven_10y=2.4400, hy_oas=2.8200, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.7400, vix=15.0300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +14.39%
  Annualized volatility: 10.84%
  Macro: fed_funds=4.3300, vix=15.0
  → Regime: bull

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


Regime: bear. SPY trailing return: -14.3%, annualized vol: 17.8%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=573.08, end=490.85, trailing_return=-14.35%
Annualized volatility: 17.79%
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=-0.0500, breakeven_10y=2.2200, hy_oas=4.5700, ig_oas=1.1800, ted_spread=0.0900, mortgage_30y=6.6400, vix=43.3500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -14.35%
  Annualized volatility: 17.79%
  Macro: fed_funds=4.3300, vix=43.3
  → Regime: bear

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


Regime: bull. SPY trailing return: +7.8%, 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=619.55, end=667.81, trailing_return=+7.79%
Annualized volatility: 8.61%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5800, t10y3m_spread=0.1600, breakeven_10y=2.3400, hy_oas=2.7600, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3400, 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: +7.79%
  Annualized volatility: 8.61%
  Macro: fed_funds=4.0900, 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: +5.0%, 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=643.66, end=675.83, trailing_return=+5.00%
Annualized volatility: 12.51%
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=0.0800, breakeven_10y=2.2300, hy_oas=3.0000, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.2300, vix=17.1900

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

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

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


Regime: sideways. SPY trailing return: +3.4%, annualized vol: 13.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=571.53, end=590.80, trailing_return=+3.37%
Annualized volatility: 13.55%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3600, t10y3m_spread=0.2100, breakeven_10y=2.4000, hy_oas=2.6600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.9600, vix=17.9000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.37%
  Annualized volatility: 13.55%
  Macro: fed_funds=4.3300, vix=17.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +4.2%, annualized vol: 10.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=639.53, end=666.51, trailing_return=+4.22%
Annualized volatility: 10.88%
Macro indicators: fed_funds_rate=3.8700, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5400, t10y3m_spread=0.1800, breakeven_10y=2.2800, hy_oas=3.1300, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.2200, vix=19.5000

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: +4.22%
  Annualized volatility: 10.88%
  Macro: fed_funds=3.8700, vix=19.5
  → Regime: sideways

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


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

Question:
Market indicator: SPY
Price history (60 days): start=569.04, end=597.77, trailing_return=+5.05%
Annualized volatility: 13.15%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3100, t10y3m_spread=0.2400, breakeven_10y=2.4000, hy_oas=2.6600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=7.0400, vix=15.1000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.05%
  Annualized volatility: 13.15%
  Macro: fed_funds=4.3300, vix=15.1
  → Regime: sideways

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


Regime: bear. SPY trailing return: -10.6%, annualized vol: 19.1%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=594.43, end=531.52, trailing_return=-10.58%
Annualized volatility: 19.09%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5100, t10y3m_spread=0.0200, breakeven_10y=2.1900, hy_oas=4.0900, ig_oas=1.1400, ted_spread=0.0900, mortgage_30y=6.6200, vix=30.1200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -10.58%
  Annualized volatility: 19.09%
  Macro: fed_funds=4.3300, vix=30.1
  → Regime: bear

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


Regime: sideways. SPY trailing return: +3.6%, annualized vol: 12.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=557.80, end=577.70, trailing_return=+3.57%
Annualized volatility: 12.19%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3300, t10y3m_spread=0.2100, breakeven_10y=2.3400, hy_oas=2.9200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.8500, vix=17.3500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.57%
  Annualized volatility: 12.19%
  Macro: fed_funds=4.3300, vix=17.4
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -4.7%, annualized vol: 14.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=596.96, end=568.61, trailing_return=-4.75%
Annualized volatility: 14.14%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2600, t10y3m_spread=-0.1200, breakeven_10y=2.3500, hy_oas=2.9900, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.7600, vix=23.5100

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: -4.75%
  Annualized volatility: 14.14%
  Macro: fed_funds=4.3300, vix=23.5
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.6%, annualized vol: 12.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=583.22, end=604.17, trailing_return=+3.59%
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=0.2500, t10y3m_spread=0.1900, breakeven_10y=2.4500, hy_oas=2.6800, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.8700, vix=15.2700

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: +3.59%
  Annualized volatility: 12.32%
  Macro: fed_funds=4.3300, vix=15.3
  → 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: +2.0%, 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=582.90, end=594.73, trailing_return=+2.03%
Annualized volatility: 12.46%
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=0.2700, breakeven_10y=2.4600, hy_oas=2.6600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.8900, vix=15.8900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.03%
  Annualized volatility: 12.46%
  Macro: fed_funds=4.3300, vix=15.9
  → Regime: sideways

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


Regime: bull. SPY trailing return: +5.5%, annualized vol: 11.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=629.12, end=664.02, trailing_return=+5.55%
Annualized volatility: 11.11%
Macro indicators: fed_funds_rate=4.1100, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5200, t10y3m_spread=0.0100, breakeven_10y=2.2900, hy_oas=3.0100, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2700, vix=18.6000

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: +5.55%
  Annualized volatility: 11.11%
  Macro: fed_funds=4.1100, vix=18.6
  → 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: +4.3%, annualized vol: 10.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=622.30, end=649.32, trailing_return=+4.34%
Annualized volatility: 10.42%
Macro indicators: fed_funds_rate=4.1000, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.0300, breakeven_10y=2.3000, hy_oas=3.1800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.3000, vix=21.6600

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: +4.34%
  Annualized volatility: 10.42%
  Macro: fed_funds=4.1000, vix=21.7
  → 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: +6.7%, 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=552.56, end=589.33, trailing_return=+6.65%
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=0.5000, t10y3m_spread=0.0300, breakeven_10y=2.3200, hy_oas=3.1900, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.8900, vix=17.6900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.65%
  Annualized volatility: 20.88%
  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: +4.7%, annualized vol: 13.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=567.81, end=594.43, trailing_return=+4.69%
Annualized volatility: 13.27%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2800, t10y3m_spread=0.2100, breakeven_10y=2.3800, hy_oas=2.6600, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=7.0400, vix=15.0600

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: +4.69%
  Annualized volatility: 13.27%
  Macro: fed_funds=4.3300, vix=15.1
  → Regime: sideways

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


Regime: bull. SPY trailing return: +11.6%, 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=557.94, end=622.69, trailing_return=+11.60%
Annualized volatility: 11.30%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5000, t10y3m_spread=-0.1200, breakeven_10y=2.3600, hy_oas=2.9800, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.7200, vix=17.8500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +11.60%
  Annualized volatility: 11.30%
  Macro: fed_funds=4.3300, vix=17.9
  → Regime: bull

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


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

Question:
Market indicator: SPY
Price history (60 days): start=586.33, end=639.62, trailing_return=+9.09%
Annualized volatility: 9.76%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.6400, t10y3m_spread=0.0000, breakeven_10y=2.4100, hy_oas=2.8400, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.5600, vix=15.3600

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

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

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

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

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


Regime: bull. SPY trailing return: +6.1%, annualized vol: 9.0%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=620.08, end=658.07, trailing_return=+6.13%
Annualized volatility: 8.97%
Macro indicators: fed_funds_rate=4.0900, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5700, t10y3m_spread=0.1800, breakeven_10y=2.3800, hy_oas=2.7500, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3000, vix=15.2900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.13%
  Annualized volatility: 8.97%
  Macro: fed_funds=4.0900, vix=15.3
  → Regime: bull

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


Regime: bear. SPY trailing return: -7.3%, 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=595.58, end=552.14, trailing_return=-7.29%
Annualized volatility: 21.03%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5500, t10y3m_spread=-0.0600, breakeven_10y=2.2500, hy_oas=3.7800, ig_oas=1.0900, ted_spread=0.0900, mortgage_30y=6.7600, vix=24.6000

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

Explanation:
Regime classification:
  Trailing 60-day return: -7.29%
  Annualized volatility: 21.03%
  Macro: fed_funds=4.3300, vix=24.6
  → Regime: bear

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


Regime: sideways. SPY trailing return: -6.1%, annualized vol: 21.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=594.73, end=558.66, trailing_return=-6.07%
Annualized volatility: 21.27%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4700, t10y3m_spread=0.0300, breakeven_10y=2.2900, hy_oas=3.5100, ig_oas=1.0200, ted_spread=0.0900, mortgage_30y=6.7600, vix=22.4800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -6.07%
  Annualized volatility: 21.27%
  Macro: fed_funds=4.3300, vix=22.5
  → 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: +6.0%, annualized vol: 11.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=630.20, end=668.24, trailing_return=+6.03%
Annualized volatility: 11.75%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5300, t10y3m_spread=0.1500, breakeven_10y=2.2800, hy_oas=3.0900, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.2400, vix=20.0000

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: +6.03%
  Annualized volatility: 11.75%
  Macro: fed_funds=3.8800, vix=20.0
  → 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: +5.1%, annualized vol: 12.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=643.37, end=676.42, trailing_return=+5.14%
Annualized volatility: 12.48%
Macro indicators: fed_funds_rate=3.8900, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5500, t10y3m_spread=0.2800, breakeven_10y=2.2400, hy_oas=2.9400, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.2300, vix=17.2400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.14%
  Annualized volatility: 12.48%
  Macro: fed_funds=3.8900, vix=17.2
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -8.2%, 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=596.77, end=547.97, trailing_return=-8.18%
Annualized volatility: 15.74%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.7850, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3400, t10y3m_spread=-0.0600, breakeven_10y=2.3100, hy_oas=3.2200, ig_oas=0.9400, ted_spread=0.0900, mortgage_30y=6.6300, vix=26.9200

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

Explanation:
Regime classification:
  Trailing 60-day return: -8.18%
  Annualized volatility: 15.74%
  Macro: fed_funds=4.3300, vix=26.9
  → Regime: sideways

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


Regime: bull. SPY trailing return: +15.4%, annualized vol: 11.5%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=540.49, end=623.48, trailing_return=+15.35%
Annualized volatility: 11.47%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5300, t10y3m_spread=-0.0300, breakeven_10y=2.4000, hy_oas=2.8900, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.7500, vix=16.6500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +15.35%
  Annualized volatility: 11.47%
  Macro: fed_funds=4.3300, vix=16.6
  → Regime: bull

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


Regime: sideways. SPY trailing return: +4.7%, annualized vol: 12.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=634.88, end=664.94, trailing_return=+4.73%
Annualized volatility: 12.47%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5800, t10y3m_spread=0.1300, breakeven_10y=2.2300, hy_oas=3.1500, ig_oas=0.8500, ted_spread=0.0900, mortgage_30y=6.2600, vix=20.5200

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: +4.73%
  Annualized volatility: 12.47%
  Macro: fed_funds=3.8800, 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: +2.6%, annualized vol: 11.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=639.73, end=656.34, trailing_return=+2.60%
Annualized volatility: 11.62%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5400, t10y3m_spread=0.1800, breakeven_10y=2.2700, hy_oas=3.2000, ig_oas=0.8500, ted_spread=0.0900, mortgage_30y=6.2400, vix=24.6900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.60%
  Annualized volatility: 11.62%
  Macro: fed_funds=3.8800, vix=24.7
  → 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: +19.2%, annualized vol: 14.4%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=519.70, end=619.55, trailing_return=+19.21%
Annualized volatility: 14.38%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5300, t10y3m_spread=0.0100, breakeven_10y=2.3900, hy_oas=2.9500, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.7200, vix=17.2000

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: +19.21%
  Annualized volatility: 14.38%
  Macro: fed_funds=4.3300, vix=17.2
  → Regime: bull

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


Regime: bull. SPY trailing return: +19.5%, annualized vol: 12.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=521.27, end=622.76, trailing_return=+19.47%
Annualized volatility: 12.31%
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=0.0600, breakeven_10y=2.4300, hy_oas=2.9100, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.7500, vix=16.5200

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: +19.47%
  Annualized volatility: 12.31%
  Macro: fed_funds=4.3300, vix=16.5
  → Regime: bull

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


Regime: bull. SPY trailing return: +10.8%, annualized vol: 10.2%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=572.55, end=634.43, trailing_return=+10.81%
Annualized volatility: 10.18%
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=0.0000, breakeven_10y=2.3500, hy_oas=2.9000, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=15.5700

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

Explanation:
Regime classification:
  Trailing 60-day return: +10.81%
  Annualized volatility: 10.18%
  Macro: fed_funds=4.3300, vix=15.6
  → 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: +12.0%, annualized vol: 11.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=558.66, end=625.86, trailing_return=+12.03%
Annualized volatility: 11.26%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5300, t10y3m_spread=-0.1300, breakeven_10y=2.3700, hy_oas=3.0200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.7200, vix=17.5200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +12.03%
  Annualized volatility: 11.26%
  Macro: fed_funds=4.3300, vix=17.5
  → Regime: bull

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


Regime: sideways. SPY trailing return: +3.4%, annualized vol: 12.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=662.41, end=685.14, trailing_return=+3.43%
Annualized volatility: 12.91%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.7000, t10y3m_spread=0.5300, breakeven_10y=2.2400, hy_oas=2.8300, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.2100, vix=14.0000

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: +3.43%
  Annualized volatility: 12.91%
  Macro: fed_funds=3.6400, vix=14.0
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +2.9%, annualized vol: 12.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=566.98, end=583.49, trailing_return=+2.91%
Annualized volatility: 12.15%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=318.9610, unemployment=4.0000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.3200, t10y3m_spread=0.2600, breakeven_10y=2.3400, hy_oas=2.8100, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.9100, vix=16.1300

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: +2.91%
  Annualized volatility: 12.15%
  Macro: fed_funds=4.3300, vix=16.1
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +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=658.07, end=678.74, trailing_return=+3.14%
Annualized volatility: 12.88%
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=0.5400, breakeven_10y=2.2400, hy_oas=2.9000, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.2100, vix=14.9100

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.14%
  Annualized volatility: 12.88%
  Macro: fed_funds=3.6400, vix=14.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +2.4%, annualized vol: 12.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=659.46, end=675.03, trailing_return=+2.36%
Annualized volatility: 12.57%
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=0.5100, breakeven_10y=2.2300, hy_oas=2.9800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.2200, vix=16.4800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.36%
  Annualized volatility: 12.57%
  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: +4.4%, annualized vol: 11.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=639.88, end=668.13, trailing_return=+4.41%
Annualized volatility: 11.71%
Macro indicators: fed_funds_rate=3.8800, cpi_yoy=325.0630, unemployment=4.5000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5200, t10y3m_spread=0.1900, breakeven_10y=2.2800, hy_oas=3.0700, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.2400, vix=19.8300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.41%
  Annualized volatility: 11.71%
  Macro: fed_funds=3.8800, vix=19.8
  → Regime: sideways

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


Regime: bear. SPY trailing return: -5.5%, annualized vol: 18.4%. Allocation: equities: decrease, bonds: increase, commodities: neutral, real_estate: decrease, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=573.87, end=542.40, trailing_return=-5.48%
Annualized volatility: 18.36%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4300, t10y3m_spread=-0.0100, breakeven_10y=2.2700, hy_oas=4.3700, ig_oas=1.2100, ted_spread=0.0900, mortgage_30y=6.6400, vix=33.6200

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

Explanation:
Regime classification:
  Trailing 60-day return: -5.48%
  Annualized volatility: 18.36%
  Macro: fed_funds=4.3300, vix=33.6
  → Regime: bear

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


Regime: bull. SPY trailing return: +7.2%, annualized vol: 8.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=622.76, end=667.36, trailing_return=+7.16%
Annualized volatility: 8.68%
Macro indicators: fed_funds_rate=4.1000, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5400, t10y3m_spread=0.1100, breakeven_10y=2.3400, hy_oas=2.9500, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.3000, 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: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +7.16%
  Annualized volatility: 8.68%
  Macro: fed_funds=4.1000, 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: bull. SPY trailing return: +8.1%, 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=580.19, end=626.93, trailing_return=+8.06%
Annualized volatility: 10.64%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5100, t10y3m_spread=-0.0900, breakeven_10y=2.3500, hy_oas=2.9500, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.6300, vix=16.5700

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.06%
  Annualized volatility: 10.64%
  Macro: fed_funds=4.3300, vix=16.6
  → Regime: bull

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


Regime: sideways. SPY trailing return: +2.8%, annualized vol: 11.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=641.19, end=658.88, trailing_return=+2.76%
Annualized volatility: 11.61%
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=0.1800, breakeven_10y=2.2700, hy_oas=3.1700, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.2400, vix=23.6600

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: +2.76%
  Annualized volatility: 11.61%
  Macro: fed_funds=3.8800, vix=23.7
  → 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: +7.2%, annualized vol: 9.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=592.35, end=634.88, trailing_return=+7.18%
Annualized volatility: 9.84%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.6200, t10y3m_spread=0.0800, breakeven_10y=2.4100, hy_oas=2.9200, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.5600, vix=17.1700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.18%
  Annualized volatility: 9.84%
  Macro: fed_funds=4.3300, vix=17.2
  → Regime: bull

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


Regime: bull. SPY trailing return: +9.1%, annualized vol: 8.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=602.01, end=656.69, trailing_return=+9.08%
Annualized volatility: 8.82%
Macro indicators: fed_funds_rate=4.0800, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5400, t10y3m_spread=0.0800, breakeven_10y=2.3800, hy_oas=2.7100, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.2600, vix=15.7000

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.08%
  Annualized volatility: 8.82%
  Macro: fed_funds=4.0800, vix=15.7
  → Regime: bull

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


Regime: sideways. SPY trailing return: +4.8%, annualized vol: 19.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=562.15, end=589.28, trailing_return=+4.83%
Annualized volatility: 19.21%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4800, t10y3m_spread=-0.0100, breakeven_10y=2.3300, hy_oas=3.1300, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8100, vix=20.6200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.83%
  Annualized volatility: 19.21%
  Macro: fed_funds=4.3300, vix=20.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.0%, annualized vol: 12.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=665.42, end=685.14, trailing_return=+2.96%
Annualized volatility: 12.92%
Macro indicators: fed_funds_rate=3.6400, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.6700, t10y3m_spread=0.4400, breakeven_10y=2.2200, hy_oas=2.8700, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.1800, vix=14.2000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.96%
  Annualized volatility: 12.92%
  Macro: fed_funds=3.6400, vix=14.2
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +0.7%, annualized vol: 12.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=587.01, end=591.36, trailing_return=+0.74%
Annualized volatility: 12.84%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=319.6790, unemployment=4.2000, gdp_growth_qoq=23548.2100, t10y2y_spread=0.2300, t10y3m_spread=0.1000, breakeven_10y=2.4200, hy_oas=2.7800, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.8500, vix=18.2100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +0.74%
  Annualized volatility: 12.84%
  Macro: fed_funds=4.3300, vix=18.2
  → Regime: sideways

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


Regime: bull. SPY trailing return: +16.3%, annualized vol: 14.4%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=531.52, end=618.37, trailing_return=+16.34%
Annualized volatility: 14.42%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=322.1690, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5300, t10y3m_spread=0.0200, breakeven_10y=2.3700, hy_oas=2.9700, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.7200, vix=16.4000

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: +16.34%
  Annualized volatility: 14.42%
  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: +5.1%, annualized vol: 12.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=644.86, end=677.67, trailing_return=+5.09%
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=0.5800, t10y3m_spread=0.3200, breakeven_10y=2.2400, hy_oas=2.9200, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.2300, vix=16.5900

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: +5.09%
  Annualized volatility: 12.47%
  Macro: fed_funds=3.8900, vix=16.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +7.5%, annualized vol: 19.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=553.00, end=594.54, trailing_return=+7.51%
Annualized volatility: 19.46%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4700, t10y3m_spread=-0.0400, breakeven_10y=2.2700, hy_oas=3.1200, ig_oas=0.8700, ted_spread=0.0900, mortgage_30y=6.8500, vix=17.2600

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.51%
  Annualized volatility: 19.46%
  Macro: fed_funds=4.3300, vix=17.3
  → Regime: sideways

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


Regime: bull. SPY trailing return: +8.7%, annualized vol: 10.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=588.11, end=639.47, trailing_return=+8.73%
Annualized volatility: 10.79%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=323.2910, unemployment=4.3000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5700, t10y3m_spread=-0.0500, breakeven_10y=2.3700, hy_oas=2.9000, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.6300, vix=14.4900

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: +8.73%
  Annualized volatility: 10.79%
  Macro: fed_funds=4.3300, vix=14.5
  → Regime: bull

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


Regime: sideways. SPY trailing return: +4.1%, annualized vol: 19.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=567.57, end=590.76, trailing_return=+4.08%
Annualized volatility: 19.53%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=321.4350, unemployment=4.1000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4500, t10y3m_spread=-0.0300, breakeven_10y=2.3100, hy_oas=3.1700, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.8400, vix=21.6000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.08%
  Annualized volatility: 19.53%
  Macro: fed_funds=4.3300, vix=21.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -4.1%, annualized vol: 21.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=600.98, end=576.38, trailing_return=-4.09%
Annualized volatility: 21.62%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.6200, unemployment=4.3000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.4700, t10y3m_spread=0.0300, breakeven_10y=2.2900, hy_oas=3.1500, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.7600, vix=18.3900

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

Explanation:
Regime classification:
  Trailing 60-day return: -4.09%
  Annualized volatility: 21.62%
  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: -8.2%, 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=593.21, end=544.61, trailing_return=-8.19%
Annualized volatility: 21.00%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=320.3020, unemployment=4.2000, gdp_growth_qoq=23770.9760, t10y2y_spread=0.5600, t10y3m_spread=-0.0900, breakeven_10y=2.2500, hy_oas=3.7300, ig_oas=1.0400, ted_spread=0.0900, mortgage_30y=6.8100, vix=25.1500

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

Explanation:
Regime classification:
  Trailing 60-day return: -8.19%
  Annualized volatility: 21.00%
  Macro: fed_funds=4.3300, vix=25.1
  → Regime: bear

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


Regime: bull. SPY trailing return: +8.5%, annualized vol: 9.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=581.07, end=630.20, trailing_return=+8.46%
Annualized volatility: 9.33%
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=0.0100, breakeven_10y=2.3900, hy_oas=2.9500, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.5800, vix=16.6000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.46%
  Annualized volatility: 9.33%
  Macro: fed_funds=4.3300, 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: +8.8%, annualized vol: 8.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=606.72, end=659.94, trailing_return=+8.77%
Annualized volatility: 8.84%
Macro indicators: fed_funds_rate=4.0800, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.5700, t10y3m_spread=0.1100, breakeven_10y=2.3900, hy_oas=2.7200, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.2600, vix=15.4500

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.77%
  Annualized volatility: 8.84%
  Macro: fed_funds=4.0800, vix=15.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +4.6%, 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=651.88, end=681.81, trailing_return=+4.59%
Annualized volatility: 12.38%
Macro indicators: fed_funds_rate=3.8900, cpi_yoy=326.0310, unemployment=4.4000, gdp_growth_qoq=24055.7490, t10y2y_spread=0.5800, t10y3m_spread=0.4300, breakeven_10y=2.2600, hy_oas=2.8500, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.1900, vix=15.4100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.59%
  Annualized volatility: 12.38%
  Macro: fed_funds=3.8900, vix=15.4
  → Regime: sideways

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


Regime: bull. SPY trailing return: +10.4%, annualized vol: 9.4%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=590.76, end=652.10, trailing_return=+10.38%
Annualized volatility: 9.37%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=324.2450, unemployment=4.4000, gdp_growth_qoq=24026.8340, t10y2y_spread=0.4900, t10y3m_spread=-0.0700, breakeven_10y=2.3400, hy_oas=2.7800, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.3500, vix=14.7100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +10.38%
  Annualized volatility: 9.37%
  Macro: fed_funds=4.3300, vix=14.7
  → Regime: bull

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