Regime: sideways. SPY trailing return: +2.7%, annualized vol: 14.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=524.19, end=538.28, trailing_return=+2.69%
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=-0.0200, t10y3m_spread=-1.4200, breakeven_10y=2.0300, hy_oas=3.2900, ig_oas=0.9900, ted_spread=0.0900, mortgage_30y=6.3500, vix=19.9000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.69%
  Annualized volatility: 14.95%
  Macro: fed_funds=5.3300, vix=19.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +9.0%, 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=532.54, end=580.63, trailing_return=+9.03%
Annualized volatility: 12.59%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1500, t10y3m_spread=-0.2200, breakeven_10y=2.3800, hy_oas=2.7400, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.7200, vix=16.2700

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: +9.03%
  Annualized volatility: 12.59%
  Macro: fed_funds=4.8300, vix=16.3
  → Regime: sideways

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


Regime: bull. SPY trailing return: +6.2%, annualized vol: 10.5%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=559.21, end=593.69, trailing_return=+6.17%
Annualized volatility: 10.47%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=317.6040, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1400, t10y3m_spread=-0.0300, breakeven_10y=2.3200, hy_oas=2.6600, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.6000, vix=13.9200

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: +6.17%
  Annualized volatility: 10.47%
  Macro: fed_funds=4.5800, vix=13.9
  → 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: +8.6%, annualized vol: 11.4%. 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=500.68, trailing_return=+8.56%
Annualized volatility: 11.37%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3900, t10y3m_spread=-1.1400, breakeven_10y=2.3100, hy_oas=3.1300, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.7400, vix=14.3300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.56%
  Annualized volatility: 11.37%
  Macro: fed_funds=5.3300, vix=14.3
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +5.0%, annualized vol: 16.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=533.00, end=559.64, trailing_return=+5.00%
Annualized volatility: 15.96%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.1800, t10y3m_spread=-0.9700, breakeven_10y=2.1700, hy_oas=3.1500, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.0900, 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: +5.00%
  Annualized volatility: 15.96%
  Macro: fed_funds=4.8300, vix=15.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +5.4%, annualized vol: 10.8%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=506.48, end=534.00, trailing_return=+5.43%
Annualized volatility: 10.79%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4500, t10y3m_spread=-1.2500, breakeven_10y=2.2500, hy_oas=3.2300, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.8700, vix=13.2800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.43%
  Annualized volatility: 10.79%
  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: 11.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=493.60, end=513.60, trailing_return=+4.05%
Annualized volatility: 11.17%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3500, t10y3m_spread=-0.8500, breakeven_10y=2.3600, hy_oas=3.1500, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.9400, vix=14.2800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.05%
  Annualized volatility: 11.17%
  Macro: fed_funds=5.3300, vix=14.3
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +7.9%, annualized vol: 11.4%. 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=497.72, trailing_return=+7.92%
Annualized volatility: 11.44%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.4100, t10y3m_spread=-1.1700, breakeven_10y=2.3200, hy_oas=3.1600, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.7400, vix=14.4100

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: +7.92%
  Annualized volatility: 11.44%
  Macro: fed_funds=5.3300, vix=14.4
  → 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: +4.6%, annualized vol: 11.1%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=494.25, end=516.87, trailing_return=+4.58%
Annualized volatility: 11.05%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4100, t10y3m_spread=-1.0400, breakeven_10y=2.3200, hy_oas=3.0900, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=7.0200, vix=11.9900

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.58%
  Annualized volatility: 11.05%
  Macro: fed_funds=5.3300, vix=12.0
  → 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: +7.2%, 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=547.19, end=586.39, trailing_return=+7.17%
Annualized volatility: 12.16%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0900, t10y3m_spread=-0.2000, breakeven_10y=2.3500, hy_oas=2.6600, ig_oas=0.7700, ted_spread=0.0900, mortgage_30y=6.7900, 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: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +7.17%
  Annualized volatility: 12.16%
  Macro: fed_funds=4.5800, vix=14.7
  → 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: +12.8%, 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=487.65, end=549.96, trailing_return=+12.78%
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=-0.2100, t10y3m_spread=-1.2000, breakeven_10y=2.2700, hy_oas=3.1300, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8900, vix=13.1200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +12.78%
  Annualized volatility: 9.19%
  Macro: fed_funds=5.3300, vix=13.1
  → Regime: bull

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


Regime: sideways. SPY trailing return: +7.5%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=522.01, end=560.99, trailing_return=+7.47%
Annualized volatility: 12.12%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1600, t10y3m_spread=-0.2400, breakeven_10y=2.3300, hy_oas=2.8300, ig_oas=0.8600, ted_spread=0.0900, mortgage_30y=6.7200, vix=21.8800

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.47%
  Annualized volatility: 12.12%
  Macro: fed_funds=4.8300, vix=21.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +0.6%, annualized vol: 13.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=508.47, end=511.39, trailing_return=+0.57%
Annualized volatility: 12.98%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.0900, t10y3m_spread=-1.4400, breakeven_10y=2.1200, hy_oas=3.6700, ig_oas=1.0800, ted_spread=0.0900, mortgage_30y=6.7300, vix=27.7100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +0.57%
  Annualized volatility: 12.98%
  Macro: fed_funds=5.3300, vix=27.7
  → 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: +8.5%, annualized vol: 14.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=527.31, end=572.10, trailing_return=+8.49%
Annualized volatility: 14.92%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=315.6310, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1300, t10y3m_spread=-0.6500, breakeven_10y=2.3000, hy_oas=2.8900, ig_oas=0.8300, ted_spread=0.0900, mortgage_30y=6.4400, vix=19.1100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.49%
  Annualized volatility: 14.92%
  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: +6.5%, 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=506.98, end=540.09, trailing_return=+6.53%
Annualized volatility: 10.20%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.3500, t10y3m_spread=-1.1100, breakeven_10y=2.2700, hy_oas=3.2500, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.9500, vix=12.0900

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: +6.53%
  Annualized volatility: 10.20%
  Macro: fed_funds=5.3300, vix=12.1
  → 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: +8.6%, annualized vol: 10.9%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=500.88, trailing_return=+8.61%
Annualized volatility: 10.88%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3400, t10y3m_spread=-1.1000, breakeven_10y=2.3400, hy_oas=3.2400, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8200, vix=16.3500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.61%
  Annualized volatility: 10.88%
  Macro: fed_funds=5.3300, 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: +9.6%, annualized vol: 9.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=493.64, end=541.27, trailing_return=+9.65%
Annualized volatility: 9.60%
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=-1.2300, breakeven_10y=2.3100, hy_oas=3.0900, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.7700, vix=15.9300

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: +9.65%
  Annualized volatility: 9.60%
  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)


Regime: sideways. SPY trailing return: +3.4%, 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=487.78, end=504.30, trailing_return=+3.39%
Annualized volatility: 12.20%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3300, t10y3m_spread=-0.9600, breakeven_10y=2.3500, hy_oas=3.0300, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=7.2200, vix=13.4900

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.39%
  Annualized volatility: 12.20%
  Macro: fed_funds=5.3300, vix=13.5
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +11.8%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=511.39, end=571.53, trailing_return=+11.76%
Annualized volatility: 12.13%
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=-0.4200, breakeven_10y=2.3000, hy_oas=2.8500, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.5400, vix=19.3400

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

Part B: For each 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: +11.76%
  Annualized volatility: 12.13%
  Macro: fed_funds=4.8300, vix=19.3
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +8.9%, 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=502.15, trailing_return=+8.88%
Annualized volatility: 11.48%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.4200, t10y3m_spread=-1.2900, breakeven_10y=2.3000, hy_oas=3.1500, ig_oas=0.9500, ted_spread=0.0900, mortgage_30y=6.8800, vix=13.7500

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: +8.88%
  Annualized volatility: 11.48%
  Macro: fed_funds=5.3300, vix=13.8
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +6.1%, 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=546.79, end=580.10, trailing_return=+6.09%
Annualized volatility: 12.28%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1000, t10y3m_spread=-0.2100, breakeven_10y=2.3500, hy_oas=2.6700, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.7800, vix=17.1600

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.09%
  Annualized volatility: 12.28%
  Macro: fed_funds=4.5800, 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: +4.2%, 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=476.10, end=496.18, trailing_return=+4.22%
Annualized volatility: 11.71%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.2900, t10y3m_spread=-0.7900, breakeven_10y=2.4300, hy_oas=3.1600, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=7.1700, 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: 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: 11.71%
  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: +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=540.09, end=562.22, trailing_return=+4.10%
Annualized volatility: 15.92%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.1900, t10y3m_spread=-0.8900, breakeven_10y=2.1600, hy_oas=3.1400, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.0800, 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: 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: 15.92%
  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: +1.7%, annualized vol: 16.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=549.75, end=558.85, trailing_return=+1.65%
Annualized volatility: 16.00%
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=-0.9000, breakeven_10y=2.2100, hy_oas=3.0600, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=6.0800, vix=18.9000

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: +1.65%
  Annualized volatility: 16.00%
  Macro: fed_funds=4.8300, vix=18.9
  → 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: +5.7%, annualized vol: 11.6%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=483.46, end=510.87, trailing_return=+5.67%
Annualized volatility: 11.59%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3600, t10y3m_spread=-0.9900, breakeven_10y=2.3300, hy_oas=3.1400, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=7.0900, vix=13.4200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.67%
  Annualized volatility: 11.59%
  Macro: fed_funds=5.3300, vix=13.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +3.2%, 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=478.11, end=493.64, trailing_return=+3.25%
Annualized volatility: 12.16%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.2500, t10y3m_spread=-0.8400, breakeven_10y=2.4100, hy_oas=3.2000, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=7.1000, 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: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +3.25%
  Annualized volatility: 12.16%
  Macro: fed_funds=5.3300, vix=15.7
  → Regime: sideways

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


Regime: bull. SPY trailing return: +5.1%, 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=492.44, end=517.47, trailing_return=+5.08%
Annualized volatility: 11.05%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3800, t10y3m_spread=-1.0100, breakeven_10y=2.3300, hy_oas=3.0700, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=7.0200, vix=12.1500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.08%
  Annualized volatility: 11.05%
  Macro: fed_funds=5.3300, vix=12.1
  → Regime: bull

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


Regime: bull. SPY trailing return: +6.0%, 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=515.84, end=546.79, trailing_return=+6.00%
Annualized volatility: 14.33%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.0620, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0100, t10y3m_spread=-1.3700, breakeven_10y=2.1500, hy_oas=3.1900, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.4600, vix=17.1100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.00%
  Annualized volatility: 14.33%
  Macro: fed_funds=5.3300, vix=17.1
  → Regime: bull

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


Regime: sideways. SPY trailing return: +0.1%, annualized vol: 15.4%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=528.50, end=529.22, trailing_return=+0.14%
Annualized volatility: 15.36%
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=2.0300, hy_oas=3.3900, ig_oas=0.9900, ted_spread=0.0900, mortgage_30y=6.3500, vix=22.3800

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +0.14%
  Annualized volatility: 15.36%
  Macro: fed_funds=5.3300, vix=22.4
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +7.2%, 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=494.47, trailing_return=+7.22%
Annualized volatility: 11.57%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3900, t10y3m_spread=-1.2000, breakeven_10y=2.3300, hy_oas=3.2900, ig_oas=1.0000, ted_spread=0.0900, mortgage_30y=6.9400, vix=13.4000

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: +7.22%
  Annualized volatility: 11.57%
  Macro: fed_funds=5.3300, vix=13.4
  → 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: +6.7%, annualized vol: 12.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=530.87, end=566.55, trailing_return=+6.72%
Annualized volatility: 12.32%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0700, t10y3m_spread=-0.3800, breakeven_10y=2.2700, hy_oas=2.8600, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.7200, vix=20.4900

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.72%
  Annualized volatility: 12.32%
  Macro: fed_funds=4.8300, 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: +2.9%, annualized vol: 12.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=484.97, end=499.14, trailing_return=+2.92%
Annualized volatility: 12.03%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3100, t10y3m_spread=-0.9500, breakeven_10y=2.3500, hy_oas=3.0800, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=7.2200, vix=13.4900

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

Explanation:
Regime classification:
  Trailing 60-day return: +2.92%
  Annualized volatility: 12.03%
  Macro: fed_funds=5.3300, vix=13.5
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.6%, 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=543.84, end=563.66, trailing_return=+3.64%
Annualized volatility: 15.88%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.1500, t10y3m_spread=-0.9200, breakeven_10y=2.1800, hy_oas=3.0300, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.0800, vix=16.7300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.64%
  Annualized volatility: 15.88%
  Macro: fed_funds=4.8300, vix=16.7
  → Regime: sideways

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


Regime: bull. SPY trailing return: +5.5%, annualized vol: 10.7%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=506.51, end=534.27, trailing_return=+5.48%
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=-0.3900, t10y3m_spread=-1.1800, breakeven_10y=2.2600, hy_oas=3.1800, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.8700, vix=12.5500

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: +5.48%
  Annualized volatility: 10.70%
  Macro: fed_funds=5.3300, vix=12.6
  → 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: +3.8%, 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=494.47, end=513.46, trailing_return=+3.84%
Annualized volatility: 11.16%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4400, t10y3m_spread=-0.9900, breakeven_10y=2.3000, hy_oas=3.1000, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.9400, vix=12.7700

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: +3.84%
  Annualized volatility: 11.16%
  Macro: fed_funds=5.3300, vix=12.8
  → 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: +9.2%, 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=488.46, end=533.22, trailing_return=+9.16%
Annualized volatility: 10.41%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.1600, t10y3m_spread=-1.1800, breakeven_10y=2.2700, hy_oas=3.1000, ig_oas=0.9500, ted_spread=0.0900, mortgage_30y=6.7800, vix=16.3900

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: +9.16%
  Annualized volatility: 10.41%
  Macro: fed_funds=5.3300, vix=16.4
  → Regime: sideways

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


Regime: bull. SPY trailing return: +4.5%, annualized vol: 11.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=493.91, end=516.13, trailing_return=+4.50%
Annualized volatility: 11.77%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4000, t10y3m_spread=-1.0700, breakeven_10y=2.3100, hy_oas=3.0800, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=7.0200, vix=12.4200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.50%
  Annualized volatility: 11.77%
  Macro: fed_funds=5.3300, vix=12.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +3.7%, annualized vol: 11.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=498.58, end=517.22, trailing_return=+3.74%
Annualized volatility: 11.07%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4000, t10y3m_spread=-0.9200, breakeven_10y=2.3400, hy_oas=3.0900, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=6.9400, 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: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +3.74%
  Annualized volatility: 11.07%
  Macro: fed_funds=5.3300, vix=12.9
  → 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: +5.1%, 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=497.72, end=522.93, trailing_return=+5.07%
Annualized volatility: 10.94%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4000, t10y3m_spread=-1.0500, breakeven_10y=2.3100, hy_oas=3.1500, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=6.9900, vix=12.7400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.07%
  Annualized volatility: 10.94%
  Macro: fed_funds=5.3300, vix=12.7
  → 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: +1.7%, annualized vol: 15.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=534.10, end=542.99, trailing_return=+1.66%
Annualized volatility: 15.59%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.0300, t10y3m_spread=-1.4500, breakeven_10y=2.0400, hy_oas=3.4400, ig_oas=1.0100, ted_spread=0.0900, mortgage_30y=6.3500, 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: +1.66%
  Annualized volatility: 15.59%
  Macro: fed_funds=5.3300, 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: +8.6%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=540.70, end=587.01, trailing_return=+8.56%
Annualized volatility: 12.12%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0600, t10y3m_spread=-0.3500, breakeven_10y=2.2900, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.8400, vix=14.6000

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: +8.56%
  Annualized volatility: 12.12%
  Macro: fed_funds=4.5800, vix=14.6
  → Regime: sideways

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


Regime: bull. SPY trailing return: +9.3%, 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=538.28, end=588.29, trailing_return=+9.29%
Annualized volatility: 11.28%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0600, t10y3m_spread=-0.3500, breakeven_10y=2.2600, hy_oas=2.6900, ig_oas=0.8200, ted_spread=0.0900, mortgage_30y=6.8100, vix=14.1000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.29%
  Annualized volatility: 11.28%
  Macro: fed_funds=4.5800, vix=14.1
  → Regime: bull

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


Regime: sideways. SPY trailing return: +2.8%, 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=560.00, end=575.96, trailing_return=+2.85%
Annualized volatility: 11.56%
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=0.1400, breakeven_10y=2.3200, hy_oas=2.7300, ig_oas=0.7900, ted_spread=0.0900, mortgage_30y=6.6000, vix=27.6200

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: +2.85%
  Annualized volatility: 11.56%
  Macro: fed_funds=4.5800, vix=27.6
  → 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: +7.2%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=461.19, end=494.25, trailing_return=+7.17%
Annualized volatility: 12.08%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.4100, t10y3m_spread=-1.2000, breakeven_10y=2.3000, hy_oas=3.2300, ig_oas=0.9500, ted_spread=0.0900, mortgage_30y=6.9000, vix=13.7500

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: +7.17%
  Annualized volatility: 12.08%
  Macro: fed_funds=5.3300, vix=13.8
  → 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: +5.0%, 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=480.85, end=504.90, trailing_return=+5.00%
Annualized volatility: 12.15%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3600, t10y3m_spread=-0.9700, breakeven_10y=2.3100, hy_oas=3.1000, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=7.2200, vix=13.0000

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +5.00%
  Annualized volatility: 12.15%
  Macro: fed_funds=5.3300, vix=13.0
  → 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: +5.2%, 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=485.22, trailing_return=+5.21%
Annualized volatility: 11.62%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.2900, t10y3m_spread=-1.1600, breakeven_10y=2.3000, hy_oas=3.3800, ig_oas=0.9800, ted_spread=0.0900, mortgage_30y=6.6400, vix=14.3800

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: +5.21%
  Annualized volatility: 11.62%
  Macro: fed_funds=5.3300, vix=14.4
  → 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: +6.7%, 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=546.84, end=583.22, trailing_return=+6.65%
Annualized volatility: 12.23%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0900, t10y3m_spread=-0.2000, breakeven_10y=2.3400, hy_oas=2.6600, ig_oas=0.8100, ted_spread=0.0900, mortgage_30y=6.8400, vix=16.8700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.65%
  Annualized volatility: 12.23%
  Macro: fed_funds=4.5800, vix=16.9
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.9%, 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=502.15, end=521.96, trailing_return=+3.94%
Annualized volatility: 10.95%
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=-1.2300, breakeven_10y=2.2800, hy_oas=3.2000, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.9900, vix=12.5800

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

Part B: For each 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: +3.94%
  Annualized volatility: 10.95%
  Macro: fed_funds=5.3300, vix=12.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.7%, annualized vol: 15.6%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=531.55, end=551.47, trailing_return=+3.75%
Annualized volatility: 15.61%
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=-1.3000, breakeven_10y=2.1200, hy_oas=3.2500, ig_oas=0.9700, ted_spread=0.0900, mortgage_30y=6.2000, vix=17.6100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.75%
  Annualized volatility: 15.61%
  Macro: fed_funds=5.3300, vix=17.6
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +9.1%, 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=463.80, end=506.11, trailing_return=+9.12%
Annualized volatility: 11.02%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3400, t10y3m_spread=-1.0400, breakeven_10y=2.3700, hy_oas=3.1800, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.8200, vix=16.0300

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

Explanation:
Regime classification:
  Trailing 60-day return: +9.12%
  Annualized volatility: 11.02%
  Macro: fed_funds=5.3300, vix=16.0
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +6.8%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=549.07, end=586.68, trailing_return=+6.85%
Annualized volatility: 12.14%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.1700, t10y3m_spread=-0.1600, breakeven_10y=2.3500, hy_oas=2.6600, ig_oas=0.7800, ted_spread=0.0900, mortgage_30y=6.7900, vix=14.0200

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.85%
  Annualized volatility: 12.14%
  Macro: fed_funds=4.5800, 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: +7.5%, annualized vol: 10.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=505.69, end=543.84, trailing_return=+7.54%
Annualized volatility: 9.98%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.3400, t10y3m_spread=-1.1800, breakeven_10y=2.2700, hy_oas=3.2000, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.9500, vix=12.3700

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.54%
  Annualized volatility: 9.98%
  Macro: fed_funds=5.3300, vix=12.4
  → 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: +7.6%, 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=461.19, end=496.10, trailing_return=+7.57%
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=-0.4400, t10y3m_spread=-1.3600, breakeven_10y=2.3000, hy_oas=3.2700, ig_oas=1.0100, ted_spread=0.0900, mortgage_30y=6.9400, vix=14.5000

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: +7.57%
  Annualized volatility: 11.58%
  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: bull. SPY trailing return: +9.9%, annualized vol: 10.5%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=542.99, end=596.96, trailing_return=+9.94%
Annualized volatility: 10.47%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=317.6040, unemployment=4.1000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0600, t10y3m_spread=-0.2800, breakeven_10y=2.2900, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.8100, vix=13.4500

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: +9.94%
  Annualized volatility: 10.47%
  Macro: fed_funds=4.5800, vix=13.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +3.6%, annualized vol: 11.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=499.11, end=516.86, trailing_return=+3.56%
Annualized volatility: 11.21%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4700, t10y3m_spread=-1.0000, breakeven_10y=2.3200, hy_oas=3.1200, ig_oas=0.8900, ted_spread=0.0900, mortgage_30y=6.9400, vix=11.9300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.56%
  Annualized volatility: 11.21%
  Macro: fed_funds=5.3300, vix=11.9
  → 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: +3.8%, 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=502.94, end=521.97, trailing_return=+3.78%
Annualized volatility: 11.14%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.4300, t10y3m_spread=-1.2200, breakeven_10y=2.3000, hy_oas=3.2000, ig_oas=0.9100, ted_spread=0.0900, mortgage_30y=7.0300, vix=12.6300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.78%
  Annualized volatility: 11.14%
  Macro: fed_funds=5.3300, vix=12.6
  → 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: +11.6%, annualized vol: 9.5%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=492.46, end=549.75, trailing_return=+11.63%
Annualized volatility: 9.53%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.3400, t10y3m_spread=-1.1800, breakeven_10y=2.2700, hy_oas=3.1700, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=6.9500, vix=12.8500

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: +11.63%
  Annualized volatility: 9.53%
  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: +7.0%, 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=544.76, end=582.90, trailing_return=+7.00%
Annualized volatility: 12.23%
Macro indicators: fed_funds_rate=4.5800, cpi_yoy=316.5280, unemployment=4.2000, gdp_growth_qoq=23586.5420, t10y2y_spread=0.0900, t10y3m_spread=-0.1800, breakeven_10y=2.3300, hy_oas=2.6600, ig_oas=0.8000, ted_spread=0.0900, mortgage_30y=6.7800, vix=14.3100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +7.00%
  Annualized volatility: 12.23%
  Macro: fed_funds=4.5800, vix=14.3
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.2%, 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=472.39, end=487.65, trailing_return=+3.23%
Annualized volatility: 11.69%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3400, t10y3m_spread=-0.8200, breakeven_10y=2.4000, hy_oas=3.3900, ig_oas=0.9400, ted_spread=0.0900, mortgage_30y=7.1000, vix=18.0000

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: +3.23%
  Annualized volatility: 11.69%
  Macro: fed_funds=5.3300, vix=18.0
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +8.6%, 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=461.19, end=501.02, trailing_return=+8.64%
Annualized volatility: 11.61%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=312.3450, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.4100, t10y3m_spread=-1.3800, breakeven_10y=2.2800, hy_oas=3.2700, ig_oas=1.0000, ted_spread=0.0900, mortgage_30y=6.8800, vix=14.4400

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +8.64%
  Annualized volatility: 11.61%
  Macro: fed_funds=5.3300, vix=14.4
  → 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: +4.6%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=469.95, end=491.53, trailing_return=+4.59%
Annualized volatility: 12.10%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0230, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.2600, t10y3m_spread=-0.7700, breakeven_10y=2.4200, hy_oas=3.2400, ig_oas=0.9200, ted_spread=0.0900, mortgage_30y=7.1700, 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: 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: 12.10%
  Macro: fed_funds=5.3300, vix=15.4
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +9.0%, annualized vol: 14.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=521.92, end=568.85, trailing_return=+8.99%
Annualized volatility: 14.16%
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=-0.4800, breakeven_10y=2.2900, hy_oas=2.8900, ig_oas=0.8500, ted_spread=0.0900, mortgage_30y=6.5400, vix=20.3300

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: +8.99%
  Annualized volatility: 14.16%
  Macro: fed_funds=4.8300, vix=20.3
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +3.7%, 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=497.59, end=515.84, trailing_return=+3.67%
Annualized volatility: 10.91%
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=-1.1900, breakeven_10y=2.3100, hy_oas=3.2200, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=7.0300, vix=13.1600

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +3.67%
  Annualized volatility: 10.91%
  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: sideways. SPY trailing return: +7.0%, 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=461.19, end=493.35, trailing_return=+6.97%
Annualized volatility: 11.84%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=310.9670, unemployment=3.9000, gdp_growth_qoq=23082.1190, t10y2y_spread=-0.3900, t10y3m_spread=-1.1400, breakeven_10y=2.3200, hy_oas=3.2600, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.9000, vix=13.4300

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +6.97%
  Annualized volatility: 11.84%
  Macro: fed_funds=5.3300, vix=13.4
  → 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: +12.2%, annualized vol: 12.1%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=507.97, end=569.80, trailing_return=+12.17%
Annualized volatility: 12.08%
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=-0.3800, breakeven_10y=2.3400, hy_oas=2.8000, ig_oas=0.8400, ted_spread=0.0900, mortgage_30y=6.5400, vix=20.3500

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: +12.17%
  Annualized volatility: 12.08%
  Macro: fed_funds=4.8300, vix=20.4
  → 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: +10.9%, annualized vol: 9.3%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=491.57, end=545.01, trailing_return=+10.87%
Annualized volatility: 9.31%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.5690, unemployment=4.2000, gdp_growth_qoq=23478.5700, t10y2y_spread=-0.3000, t10y3m_spread=-1.2400, breakeven_10y=2.2500, hy_oas=3.1800, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.8900, 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: sideways; Allocations: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase

Explanation:
Regime classification:
  Trailing 60-day return: +10.87%
  Annualized volatility: 9.31%
  Macro: fed_funds=5.3300, vix=12.9
  → 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: +4.8%, 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=521.97, end=546.84, trailing_return=+4.77%
Annualized volatility: 14.33%
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=-1.3500, breakeven_10y=2.1600, hy_oas=3.1500, ig_oas=0.9600, ted_spread=0.0900, mortgage_30y=6.3500, 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: bull; Allocations: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease

Explanation:
Regime classification:
  Trailing 60-day return: +4.77%
  Annualized volatility: 14.33%
  Macro: fed_funds=5.3300, 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: +6.9%, annualized vol: 11.8%. Allocation: equities: increase, bonds: decrease, commodities: neutral, real_estate: increase, cryptocurrency: increase, cash: decrease.

Question:
Market indicator: SPY
Price history (60 days): start=483.89, end=517.19, trailing_return=+6.88%
Annualized volatility: 11.75%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.1750, unemployment=3.9000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3700, t10y3m_spread=-1.0900, breakeven_10y=2.3100, hy_oas=3.1300, ig_oas=0.9000, ted_spread=0.0900, mortgage_30y=7.0900, vix=12.4500

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: +6.88%
  Annualized volatility: 11.75%
  Macro: fed_funds=5.3300, vix=12.4
  → Regime: bull

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


Regime: sideways. SPY trailing return: +1.8%, 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=474.96, end=483.40, trailing_return=+1.78%
Annualized volatility: 11.85%
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=-0.8300, breakeven_10y=2.4100, hy_oas=3.3700, ig_oas=0.9400, ted_spread=0.0900, mortgage_30y=7.1000, vix=18.7100

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +1.78%
  Annualized volatility: 11.85%
  Macro: fed_funds=5.3300, vix=18.7
  → Regime: sideways

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


Regime: sideways. SPY trailing return: +4.3%, annualized vol: 16.0%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=535.11, end=558.25, trailing_return=+4.32%
Annualized volatility: 15.96%
Macro indicators: fed_funds_rate=4.8300, cpi_yoy=314.7320, unemployment=4.1000, gdp_growth_qoq=23478.5700, t10y2y_spread=0.1800, t10y3m_spread=-1.0200, breakeven_10y=2.1500, hy_oas=3.1500, ig_oas=0.9300, ted_spread=0.0900, mortgage_30y=6.0900, vix=16.1500

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

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

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

Explanation:
Regime classification:
  Trailing 60-day return: +4.32%
  Annualized volatility: 15.96%
  Macro: fed_funds=4.8300, 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: +2.8%, annualized vol: 11.2%. Allocation: equities: neutral, bonds: neutral, commodities: neutral, real_estate: neutral, cryptocurrency: decrease, cash: increase.

Question:
Market indicator: SPY
Price history (60 days): start=501.02, end=514.84, trailing_return=+2.76%
Annualized volatility: 11.16%
Macro indicators: fed_funds_rate=5.3300, cpi_yoy=313.0440, unemployment=4.1000, gdp_growth_qoq=23286.5080, t10y2y_spread=-0.3800, t10y3m_spread=-0.9500, breakeven_10y=2.3500, hy_oas=3.2000, ig_oas=0.8800, ted_spread=0.0900, mortgage_30y=7.0300, 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: 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: 11.16%
  Macro: fed_funds=5.3300, vix=12.9
  → Regime: sideways

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