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  "timestamp_utc": "2026-04-05T09:46:23Z",
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      "units": "pct",
      "explanation": "Compensation for duration risk.",
      "history": [
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        "2026-02-17",
        "2026-02-18",
        "2026-02-19",
        "2026-02-20",
        "2026-02-23",
        "2026-02-24",
        "2026-02-25",
        "2026-02-26",
        "2026-02-27",
        "2026-03-02",
        "2026-03-03",
        "2026-03-04",
        "2026-03-05",
        "2026-03-06",
        "2026-03-09",
        "2026-03-10",
        "2026-03-11",
        "2026-03-12",
        "2026-03-13",
        "2026-03-16",
        "2026-03-17",
        "2026-03-18",
        "2026-03-19",
        "2026-03-20",
        "2026-03-23",
        "2026-03-24",
        "2026-03-25",
        "2026-03-26",
        "2026-03-27"
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    },
    {
      "series_key": "DXY",
      "name": "Dollar Index",
      "latest_date": "2026-04-02",
      "latest": 100.02999877929688,
      "d1": null,
      "d5": 0.12999725341796875,
      "change": 0.12999725341796875,
      "score": 0.0,
      "weight": 0.07,
      "units": "idx",
      "explanation": "US dollar strength indicator.",
      "history": [
        97.80000305175781,
        97.69999694824219,
        97.87999725341797,
        97.69999694824219,
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      "history_dates": [
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        "2026-02-23",
        "2026-02-24",
        "2026-02-25",
        "2026-02-26",
        "2026-02-27",
        "2026-03-02",
        "2026-03-03",
        "2026-03-04",
        "2026-03-05",
        "2026-03-06",
        "2026-03-09",
        "2026-03-10",
        "2026-03-11",
        "2026-03-12",
        "2026-03-13",
        "2026-03-16",
        "2026-03-17",
        "2026-03-18",
        "2026-03-19",
        "2026-03-20",
        "2026-03-23",
        "2026-03-24",
        "2026-03-25",
        "2026-03-26",
        "2026-03-27",
        "2026-03-30",
        "2026-03-31",
        "2026-04-01",
        "2026-04-02"
      ]
    }
  ],
  "weights": {
    "DGS10": 0.12,
    "DFII10": 0.12,
    "BAMLH0A0HYM2": 0.14,
    "VIXCLS": 0.1,
    "TERM_PREMIUM_10Y": 0.07,
    "BITCOIN": 0.1,
    "GOLD": 0.1,
    "WTI_OIL": 0.08,
    "DXY": 0.07,
    "SPX": 0.1
  },
  "blurb": "The Financial Composite Gauge registered 75.7% (Nearly Crash), the Overall Gauge hit 72.3% (Nearly Crash), and the Geopolitical Layer is 62.2% (Severe). Primary drivers are kinetic strikes on Kuwaiti energy facilities and Iranian maritime control in Hormuz. These disruptions signal extreme systemic volatility and a potential decoupling of market prices from underlying economic fundamentals.",
  "narrative_long": "Financial stress remains elevated at 75.7%, with the overall gauge in \"Nearly Crash\" territory, as markets operate in a clear risk-off regime. The standout move was Bitcoin's 5-day surge of over $680, a notable divergence from the prevailing caution. This rally, alongside gold's 7.5% rise, suggests a flight to perceived alternative stores of value. Concurrently, WTI crude oil spiked 18.6%, exacerbating inflationary fears and contributing to a significant trend penalty. While the VIX moderated slightly and Treasury yields edged lower, these moves were overshadowed by the sharp ascent in commodities and digital assets. The geopolitical stress component remains severe at 62.2%, underpinning the defensive posture. The combination of soaring energy prices, strong safe-haven demand for gold, and volatile crypto flows reflects a market grappling with persistent macro and geopolitical uncertainty.",
  "explanation_source": "llm_client",
  "regime": {
    "primary": "risk_off",
    "confidence": 0.48,
    "scores": {
      "risk_on": 0.01,
      "risk_off": 0.48,
      "inflation": 0.34,
      "growth": 0.03,
      "crisis": 0.05
    }
  },
  "outputs": {
    "dashboard_html": "dashboard.html",
    "yields_json": "yields.json",
    "accord_json": "accord.json",
    "accord_html": "accord.html",
    "geo_json": "geo_live.json"
  },
  "enhanced": {
    "composite_analysis": {
      "base_score": 62.9,
      "trend_penalty": 10.0,
      "trend_breakdown": {
        "GOLD": {
          "penalty": 5.0,
          "classification": "moderate",
          "pct_change": 7.48,
          "abs_change": 327.2,
          "threshold": 4.0,
          "key": "GOLD",
          "asset_class": "commodity"
        },
        "WTI_OIL": {
          "penalty": 5.0,
          "classification": "severe",
          "pct_change": 18.61,
          "abs_change": 17.58,
          "threshold": 5.0,
          "key": "WTI_OIL",
          "asset_class": "commodity"
        }
      },
      "correlation_stress": {
        "correlation_penalty": 0.0,
        "intra_class_penalty": 2.0,
        "individual_total": 10.0
      },
      "score_with_trend": 72.9,
      "financial_score_method": "enhanced_score_v2",
      "regime_mult_used": 1.08,
      "effective_regime_mult": 1.0383,
      "regime_adjustment": 3.8,
      "regime_adjusted_score": 75.7,
      "geo_weight": 0.25,
      "geo_component": 15.6,
      "total_score": 72.3,
      "trend_insight": "Trend penalty: 10.0 (Gold: 7.5% (moderate) → 5.0 penalty; WTI Crude Oil: 18.6% ↑ → 5.0 penalty) [+2.0 asset class] | Regime: risk_off",
      "timestamp": "2026-04-05T09:45:31.334846Z"
    },
    "regime_analysis": {
      "primary_regime": "risk_off",
      "regime_confidence": 0.48,
      "regime_confidence_raw": 0.4791000000000001,
      "primary_regime_raw_score": 0.48,
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        "risk_off": 0.48,
        "inflation": 0.34,
        "growth": 0.03,
        "crisis": 0.05
      },
      "timestamp": "2026-04-05T09:45:31.334703Z"
    },
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        "explanation": "Benchmark risk-free rate. Rising yields signal tightening.",
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      "DFII10": {
        "key": "DFII10",
        "name": "US 10Y Real Yield",
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        "explanation": "Inflation-adjusted risk-free rate.",
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        "name": "High Yield Credit Spread",
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        "explanation": "Credit risk premium. Widening indicates stress.",
        "regime_sensitivity": [
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          "2026-03-11",
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        "key": "VIXCLS",
        "name": "VIX Volatility Index",
        "source": "fred",
        "latest": 24.54,
        "latest_date": "2026-04-01",
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        "explanation": "Market's expectation of future volatility.",
        "regime_sensitivity": [
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        "key": "TERM_PREMIUM_10Y",
        "name": "10Y Term Premium",
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        "explanation": "Compensation for duration risk.",
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        "key": "BITCOIN",
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        "explanation": "Digital asset risk proxy.",
        "regime_sensitivity": [
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          "liquidity"
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      },
      "GOLD": {
        "key": "GOLD",
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        "explanation": "Traditional safe-haven asset.",
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