{
  "version": 1,
  "generatedAt": "2026-05-09T04:06:10.708Z",
  "cycleRegime": "Calm",
  "cycleTrigger": "Desired Calm because liquidity is still broadly supportive and the warning cluster is not persistent enough to keep the cycle in a late-stage regime.",
  "cycleSummary": "The smoothed cycle regime remains in a stable calm phase with no persistent transition signal yet.",
  "nowcastRegime": "Calm",
  "nowcastTrigger": "No turbulence, speculation, or rebound rule fired, so the system defaults to Calm."
}