Regime: sideways. SPY trailing return: +9.2%, annualized vol: 11.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=463.59, end=506.40, trailing_return=+9.23%
Annualized volatility: 10.99%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3600, t10y3m_spread=-1.0100, breakeven_10y=2.3800, hy_oas=3.1500, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.8200, vix=15.1900

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: +9.23%
  Annualized volatility: 10.99%
  Macro: fed_funds=5.3300, vix=15.2
  → 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: +14.4%, annualized vol: 9.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=483.40, end=553.22, trailing_return=+14.44%
Annualized volatility: 9.19%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.2600, t10y3m_spread=-1.2600, breakeven_10y=2.2600, hy_oas=3.0800, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8900, vix=13.1900

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: +14.44%
  Annualized volatility: 9.19%
  Macro: fed_funds=5.3300, vix=13.2
  → 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: +10.2%, annualized vol: 11.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=508.11, trailing_return=+10.17%
Annualized volatility: 11.30%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3200, t10y3m_spread=-1.2000, breakeven_10y=2.3100, hy_oas=3.1400, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.7400, vix=13.0400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +10.17%
  Annualized volatility: 11.30%
  Macro: fed_funds=5.3300, vix=13.0
  → Regime: bull

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


Regime: bull. SPY trailing return: +6.7%, annualized vol: 14.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=515.26, end=549.99, trailing_return=+6.74%
Annualized volatility: 14.26%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0000, t10y3m_spread=-1.4000, breakeven_10y=2.1500, hy_oas=3.1700, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.4600, vix=15.4300

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: +6.74%
  Annualized volatility: 14.26%
  Macro: fed_funds=5.3300, vix=15.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +7.0%, annualized vol: 14.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=531.82, end=569.04, trailing_return=+7.00%
Annualized volatility: 14.51%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=315.6310, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1400, t10y3m_spread=-0.4900, breakeven_10y=2.3000, hy_oas=2.9300, ig_oas=0.8600, ted_spread=0.0900, mortgage_30y=6.5400, vix=19.0800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.00%
  Annualized volatility: 14.51%
  Macro: fed_funds=4.8300, vix=19.1
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +2.2%, 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=479.36, end=490.05, trailing_return=+2.23%
Annualized volatility: 11.77%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3500, t10y3m_spread=-0.7700, breakeven_10y=2.4100, hy_oas=3.1800, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=7.1700, vix=15.6500

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.23%
  Annualized volatility: 11.77%
  Macro: fed_funds=5.3300, vix=15.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +9.3%, annualized vol: 11.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=463.91, end=506.98, trailing_return=+9.28%
Annualized volatility: 10.98%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3800, t10y3m_spread=-1.0700, breakeven_10y=2.3600, hy_oas=3.1400, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.8200, vix=14.9800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.28%
  Annualized volatility: 10.98%
  Macro: fed_funds=5.3300, vix=15.0
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +9.7%, annualized vol: 11.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=505.69, trailing_return=+9.65%
Annualized volatility: 11.26%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3700, t10y3m_spread=-0.8900, breakeven_10y=2.4000, hy_oas=3.1600, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.8800, 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: +9.65%
  Annualized volatility: 11.26%
  Macro: fed_funds=5.3300, vix=14.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +7.1%, 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=461.19, end=493.91, trailing_return=+7.09%
Annualized volatility: 12.25%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3600, t10y3m_spread=-1.1200, breakeven_10y=2.3100, hy_oas=3.2200, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.9000, vix=14.5400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.09%
  Annualized volatility: 12.25%
  Macro: fed_funds=5.3300, vix=14.5
  → Regime: sideways

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


Regime: sideways. SPY trailing return: -0.2%, annualized vol: 12.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=507.81, end=506.72, trailing_return=-0.22%
Annualized volatility: 12.90%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.1100, t10y3m_spread=-1.5700, breakeven_10y=2.0700, hy_oas=3.9300, ig_oas=1.1200, ted_spread=0.0900, mortgage_30y=6.7300, vix=38.5700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: -0.22%
  Annualized volatility: 12.90%
  Macro: fed_funds=5.3300, vix=38.6
  → Regime: sideways

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


Regime: bull. SPY trailing return: +3.2%, annualized vol: 14.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=522.93, end=539.60, trailing_return=+3.19%
Annualized volatility: 14.95%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0100, t10y3m_spread=-1.4100, breakeven_10y=2.0700, hy_oas=3.3500, ig_oas=0.9900, ted_spread=0.0900, mortgage_30y=6.3500, vix=21.3200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.19%
  Annualized volatility: 14.95%
  Macro: fed_funds=5.3300, vix=21.3
  → Regime: bull

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


Regime: sideways. SPY trailing return: +2.4%, annualized vol: 11.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=562.22, end=575.78, trailing_return=+2.41%
Annualized volatility: 11.54%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=317.6040, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.2500, t10y3m_spread=0.2200, breakeven_10y=2.2900, hy_oas=2.9100, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.7200, vix=24.0900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.41%
  Annualized volatility: 11.54%
  Macro: fed_funds=4.3300, vix=24.1
  → 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: +3.0%, 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=562.89, end=579.81, trailing_return=+3.01%
Annualized volatility: 12.29%
Macro indicators: fed_funds_rate=4.3300, cpi_yoy=317.6040, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.3100, t10y3m_spread=0.1800, breakeven_10y=2.3100, hy_oas=2.9400, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.8500, vix=17.4000

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.01%
  Annualized volatility: 12.29%
  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: +3.4%, annualized vol: 15.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=543.21, end=561.41, trailing_return=+3.35%
Annualized volatility: 15.90%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.2000, t10y3m_spread=-0.9300, breakeven_10y=2.1500, hy_oas=3.1400, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.0800, vix=16.9600

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.35%
  Annualized volatility: 15.90%
  Macro: fed_funds=4.8300, vix=17.0
  → Regime: sideways

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


Regime: bull. SPY trailing return: +6.1%, 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=513.60, end=544.76, trailing_return=+6.07%
Annualized volatility: 14.38%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.1300, t10y3m_spread=-1.4200, breakeven_10y=2.1000, hy_oas=3.2100, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.4600, vix=17.5500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.07%
  Annualized volatility: 14.38%
  Macro: fed_funds=5.3300, 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: +12.6%, annualized vol: 13.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=506.72, end=570.60, trailing_return=+12.61%
Annualized volatility: 13.55%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=315.6310, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1600, t10y3m_spread=-0.4200, breakeven_10y=2.2900, hy_oas=2.8200, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.5400, vix=19.8000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +12.61%
  Annualized volatility: 13.55%
  Macro: fed_funds=4.8300, vix=19.8
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +5.4%, annualized vol: 11.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=486.13, trailing_return=+5.41%
Annualized volatility: 11.49%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3400, t10y3m_spread=-1.1400, breakeven_10y=2.3300, hy_oas=3.3400, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.7700, vix=14.2400

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: +5.41%
  Annualized volatility: 11.49%
  Macro: fed_funds=5.3300, 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: +6.0%, annualized vol: 12.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=552.06, end=585.03, trailing_return=+5.97%
Annualized volatility: 12.24%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0400, t10y3m_spread=-0.2200, breakeven_10y=2.3400, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.8400, vix=15.2400

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: +5.97%
  Annualized volatility: 12.24%
  Macro: fed_funds=4.5800, vix=15.2
  → 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: +5.9%, annualized vol: 11.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=488.56, trailing_return=+5.94%
Annualized volatility: 11.51%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3200, t10y3m_spread=-1.1900, breakeven_10y=2.3000, hy_oas=3.3500, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.7700, vix=14.0100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.94%
  Annualized volatility: 11.51%
  Macro: fed_funds=5.3300, 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: +8.2%, 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=461.19, end=499.11, trailing_return=+8.22%
Annualized volatility: 11.58%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3500, t10y3m_spread=-1.2300, breakeven_10y=2.3200, hy_oas=3.3200, ig_oas=1.0100, ted_spread=0.0900, mortgage_30y=6.9400, vix=13.1100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.22%
  Annualized volatility: 11.58%
  Macro: fed_funds=5.3300, vix=13.1
  → 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: +8.2%, annualized vol: 10.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=501.91, end=543.21, trailing_return=+8.23%
Annualized volatility: 10.25%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.3200, t10y3m_spread=-1.1800, breakeven_10y=2.2800, hy_oas=3.2700, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.9500, vix=12.4800

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: +8.23%
  Annualized volatility: 10.25%
  Macro: fed_funds=5.3300, vix=12.5
  → Regime: sideways

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


Regime: bull. SPY trailing return: +5.9%, annualized vol: 14.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=516.86, end=547.19, trailing_return=+5.87%
Annualized volatility: 14.30%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.1700, t10y3m_spread=-1.4700, breakeven_10y=2.0700, hy_oas=3.2500, ig_oas=0.9800, ted_spread=0.0900, mortgage_30y=6.4900, vix=15.8800

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

Part B: For each 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: +5.87%
  Annualized volatility: 14.30%
  Macro: fed_funds=5.3300, vix=15.9
  → Regime: bull

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


Regime: sideways. SPY trailing return: +1.7%, annualized vol: 13.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=510.87, end=519.71, trailing_return=+1.73%
Annualized volatility: 13.73%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.0500, t10y3m_spread=-1.3500, breakeven_10y=2.1200, hy_oas=3.4800, ig_oas=1.0500, ted_spread=0.0900, mortgage_30y=6.4700, vix=23.7900

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: +1.73%
  Annualized volatility: 13.73%
  Macro: fed_funds=5.3300, vix=23.8
  → 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: +5.8%, annualized vol: 14.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=521.96, end=552.06, trailing_return=+5.77%
Annualized volatility: 14.26%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0000, t10y3m_spread=-1.3000, breakeven_10y=2.1500, hy_oas=3.1700, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.3500, vix=15.0000

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.77%
  Annualized volatility: 14.26%
  Macro: fed_funds=5.3300, vix=15.0
  → Regime: bull

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


Regime: sideways. SPY trailing return: +7.3%, 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=548.08, end=588.22, trailing_return=+7.32%
Annualized volatility: 12.25%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0400, t10y3m_spread=-0.3300, breakeven_10y=2.3500, hy_oas=2.6600, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.7900, vix=14.9700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.32%
  Annualized volatility: 12.25%
  Macro: fed_funds=4.5800, vix=15.0
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +4.1%, annualized vol: 10.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=510.64, end=531.55, trailing_return=+4.10%
Annualized volatility: 10.70%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4600, t10y3m_spread=-1.2500, breakeven_10y=2.2200, hy_oas=3.1900, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.8700, vix=13.3300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.10%
  Annualized volatility: 10.70%
  Macro: fed_funds=5.3300, vix=13.3
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +4.1%, annualized vol: 15.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=537.70, end=560.00, trailing_return=+4.15%
Annualized volatility: 15.95%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.2600, t10y3m_spread=-0.9000, breakeven_10y=2.1800, hy_oas=3.1900, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.0900, 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: +4.15%
  Annualized volatility: 15.95%
  Macro: fed_funds=4.8300, vix=15.4
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +8.0%, annualized vol: 12.7%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=541.67, end=585.12, trailing_return=+8.02%
Annualized volatility: 12.65%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1000, t10y3m_spread=-0.3200, breakeven_10y=2.3300, hy_oas=2.7300, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.7900, vix=15.2000

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: +8.02%
  Annualized volatility: 12.65%
  Macro: fed_funds=4.8300, vix=15.2
  → 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: +5.8%, annualized vol: 14.3%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=521.96, end=552.06, trailing_return=+5.77%
Annualized volatility: 14.26%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0000, t10y3m_spread=-1.3000, breakeven_10y=2.1500, hy_oas=3.1700, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.3500, vix=15.0000

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


Regime: bull. SPY trailing return: +10.5%, annualized vol: 11.2%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=509.79, trailing_return=+10.54%
Annualized volatility: 11.20%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3500, t10y3m_spread=-1.2100, breakeven_10y=2.3400, hy_oas=3.0500, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.8700, vix=12.9200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +10.54%
  Annualized volatility: 11.20%
  Macro: fed_funds=5.3300, vix=12.9
  → Regime: bull

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


Regime: sideways. SPY trailing return: +5.0%, annualized vol: 10.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=508.83, end=534.10, trailing_return=+4.97%
Annualized volatility: 10.80%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4700, t10y3m_spread=-1.2400, breakeven_10y=2.2200, hy_oas=3.2600, ig_oas=0.9500, ted_spread=0.0900, mortgage_30y=6.9500, vix=12.7500

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

Part B: For each 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: +4.97%
  Annualized volatility: 10.80%
  Macro: fed_funds=5.3300, vix=12.8
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +1.4%, annualized vol: 15.5%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=529.88, end=537.48, trailing_return=+1.43%
Annualized volatility: 15.46%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0600, t10y3m_spread=-1.4100, breakeven_10y=2.0200, hy_oas=3.4600, ig_oas=1.0100, ted_spread=0.0900, mortgage_30y=6.3500, vix=19.0800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +1.43%
  Annualized volatility: 15.46%
  Macro: fed_funds=5.3300, vix=19.1
  → Regime: sideways

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


Regime: bull. SPY trailing return: +6.3%, annualized vol: 9.9%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=558.25, end=593.57, trailing_return=+6.33%
Annualized volatility: 9.95%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=317.6040, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1500, t10y3m_spread=0.0600, breakeven_10y=2.3300, hy_oas=2.6800, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.6000, vix=13.8100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.33%
  Annualized volatility: 9.95%
  Macro: fed_funds=4.5800, vix=13.8
  → 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: +4.6%, annualized vol: 15.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=541.27, end=565.99, trailing_return=+4.57%
Annualized volatility: 15.79%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=315.6310, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1100, t10y3m_spread=-0.6600, breakeven_10y=2.3300, hy_oas=2.9900, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.3200, vix=20.9300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.57%
  Annualized volatility: 15.79%
  Macro: fed_funds=4.8300, vix=20.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +5.0%, 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=503.46, end=528.50, trailing_return=+4.97%
Annualized volatility: 10.89%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4400, t10y3m_spread=-1.2000, breakeven_10y=2.2200, hy_oas=3.0900, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.9900, vix=12.0400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.97%
  Annualized volatility: 10.89%
  Macro: fed_funds=5.3300, vix=12.0
  → 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: +5.3%, annualized vol: 14.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=539.46, end=567.81, trailing_return=+5.26%
Annualized volatility: 14.84%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=315.6310, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1700, t10y3m_spread=-0.4900, breakeven_10y=2.3100, hy_oas=2.9500, ig_oas=0.8600, ted_spread=0.0900, mortgage_30y=6.4400, vix=19.2400

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: +5.26%
  Annualized volatility: 14.84%
  Macro: fed_funds=4.8300, vix=19.2
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +4.3%, 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=461.19, end=480.85, trailing_return=+4.26%
Annualized volatility: 11.61%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3300, t10y3m_spread=-1.1400, breakeven_10y=2.2900, hy_oas=3.3600, ig_oas=0.9900, ted_spread=0.0900, mortgage_30y=6.6400, vix=15.8500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.26%
  Annualized volatility: 11.61%
  Macro: fed_funds=5.3300, vix=15.9
  → Regime: sideways

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