| { | |
| "market": "US", | |
| "phase": "expansion", | |
| "phaseLabel": "확장", | |
| "confidence": "medium", | |
| "status": "observed", | |
| "observedInputs": 7, | |
| "totalInputs": 8, | |
| "signals": [ | |
| "HY 스프레드 안정 (280bp)", | |
| "수익률곡선 평탄화 (+0.36%)", | |
| "VIX 안정 (14.2)", | |
| "금 급등 (YoY +22.1%)", | |
| "CPI 3.7% — 인플레 동반 확장" | |
| ], | |
| "sectorStrategy": { | |
| "high": "overweight", | |
| "moderate": "overweight", | |
| "defensive": "neutral", | |
| "low": "neutral" | |
| }, | |
| "transition": { | |
| "from": "expansion", | |
| "to": "slowdown", | |
| "progress": 25, | |
| "triggered": [ | |
| "term_spread_flattening" | |
| ], | |
| "pending": [ | |
| "hy_spread_widening", | |
| "bei_overheating", | |
| "vix_rising" | |
| ] | |
| }, | |
| "quadrant": { | |
| "quadrant": "reflation", | |
| "quadrantLabel": "리플레이션", | |
| "growth": "rising", | |
| "growthSignal": 663566.0, | |
| "inflation": "rising", | |
| "inflationSignal": 24.5, | |
| "assetImplication": { | |
| "equity": "overweight", | |
| "bond": "underweight", | |
| "commodity": "overweight", | |
| "gold": "neutral", | |
| "tips": "overweight", | |
| "cash": "underweight" | |
| }, | |
| "confidence": "high", | |
| "description": "성장 가속 + 물가 상승 — 원자재·EM 주식·TIPS 유리, 명목채 불리" | |
| }, | |
| "computedAt": "2026-09-27T00:11:44.786669+00:00" | |
| } |