validation.jsonl

{"content_hash": "875b7614106c59ccef5c62f649d37a30c1ccacdf3c5747fa27e9007aa90fdcfa", "created_at": "2026-07-08T06:59:38.092795", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2250", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 158 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-875b7614106c59ccef5c", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T06:59:38.092795\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 158 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T06:59:38.084603\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 158 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2250, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "106053f220b3cfc1b4ba2e9499bbc9118ee824caea7ebda4d635959e8fe5b948", "ticker": "AMAT"}
{"content_hash": "3f07655bae6e6ed3020cd29167aacecf89b60034d81cae92730bc6c8d98036cd", "created_at": "2026-07-08T07:41:02.092308", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2253", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.21.", "Price is above both SMA20 and SMA50.", "News flow is active with 259 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3f07655bae6e6ed3020c", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T07:41:02.092308\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.21.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 259 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T07:41:02.085358\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.21.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 259 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.7 and thesis conviction 72.8/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2253, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c1eeea46b81ba8a2a8ce00045bc18900fd8aa3e5c47ed3ed2d82c1e79fbf0bed", "ticker": "AAPL"}
{"content_hash": "c738202c1cc15e5497d97979dfc3df462b25cb7cf4cca564a662662f071b5727", "created_at": "2026-07-08T07:41:02.308706", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2254", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c738202c1cc15e5497d9", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T07:41:02.308706\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T07:41:02.302409\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2254, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6029bd65dc6e063313adac3ab4074325f65383bf317084701ec1a8ca3170aae5", "ticker": "AMAT"}
{"content_hash": "2ad566d72f9d233680d0a54150bd9744a9671d276bc7d6868d254224ad087f42", "created_at": "2026-07-08T08:43:09.641531", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2257", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.21.", "Price is above both SMA20 and SMA50.", "News flow is active with 259 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2ad566d72f9d233680d0", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T08:43:09.641531\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.21.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 259 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T08:43:09.621072\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.21.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 259 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.7 and thesis conviction 72.8/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2257, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "355741f3a3dde8bffb2156c59e73fbc4f1396f8da15ef8b54f9768772017f3b7", "ticker": "AAPL"}
{"content_hash": "8f721c5b5a1a0a1e64ec01cf150ed7cd3e27d6ac8f3b99a03de3969325993aec", "created_at": "2026-07-08T08:43:10.107293", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2258", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8f721c5b5a1a0a1e64ec", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T08:43:10.107293\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T08:43:10.088877\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2258, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c83a6dcabb7a45d17a6ce4e72397f7ee2ee48545921c0d88fbf35df9a5bef926", "ticker": "AMAT"}
{"content_hash": "8fc592efb6c83bf53f2498adec3d49dee48702275e1117edcd8237d17b0dc811", "created_at": "2026-07-08T09:23:07.083371", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2261", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.21.", "Price is above both SMA20 and SMA50.", "News flow is active with 258 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8fc592efb6c83bf53f24", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T09:23:07.083371\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.21.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 258 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T09:23:07.069523\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.21.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 258 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.8 and thesis conviction 72.9/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2261, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b732a9eb569af2f818dd50bd634521888e9f37255ef86dbd5c8eb37e30c61917", "ticker": "AAPL"}
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{"content_hash": "bcf3215608cb266d1673f34a110551b1530cb4d5ad441a8369a5d0aa8118f8a9", "created_at": "2026-07-08T10:04:10.428737", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2265", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.22.", "Price is above both SMA20 and SMA50.", "News flow is active with 258 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-bcf3215608cb266d1673", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T10:04:10.428737\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.22.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 258 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T10:04:10.421799\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.22.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 258 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.8 and thesis conviction 72.9/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2265, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "deeae678ded1633b63f04d8fbc8874dc00871af6f6e20a1aed842a3eb732a03a", "ticker": "AAPL"}
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{"content_hash": "bfe619f4c95a58d5caa56d9f425e8751f743f73be198b8b7542883286cb21f9c", "created_at": "2026-07-08T10:44:38.826831", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2269", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.22.", "Price is above both SMA20 and SMA50.", "News flow is active with 261 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-bfe619f4c95a58d5caa5", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T10:44:38.826831\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.22.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 261 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T10:44:38.810088\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.22.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 261 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.8 and thesis conviction 72.9/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2269, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "78503c828ceae9895b62b35d1abf3a183a806ab04f11f61315da4a4358055455", "ticker": "AAPL"}
{"content_hash": "424378ea37f57bde2f5ee731f63ae618ca23f6735b0251b9a524fd10ddf5eff0", "created_at": "2026-07-08T10:44:39.059399", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2270", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-424378ea37f57bde2f5e", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T10:44:39.059399\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T10:44:39.045812\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2270, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a95bd40abe550e81bd196734cb8d6fbd52142da6a7d58c76cd753631f8e11a5b", "ticker": "AMAT"}
{"content_hash": "11cedaba90a4af2f9effb25578e244711e8fc31d0d98fc8e7c928adc282de3d5", "created_at": "2026-07-08T11:45:51.267341", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2273", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.23.", "Price is above both SMA20 and SMA50.", "News flow is active with 265 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-11cedaba90a4af2f9eff", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T11:45:51.267341\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 265 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T11:45:51.232639\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 265 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.9 and thesis conviction 73.0/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2273, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f8ebeb2455b655f1ed8d0ccff15d8dbd08e3f26d987cf1df07c4f830c6eb9e30", "ticker": "AAPL"}
{"content_hash": "6d6456b1136a62c4ca71aebc8c17f273050e9427f8042ca9c0615f6dded30db5", "created_at": "2026-07-08T11:45:51.538791", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2274", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-6d6456b1136a62c4ca71", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T11:45:51.538791\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T11:45:51.522623\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2274, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c32b2e26ba2634d1e5147e4c194c565b483ca52b0f768530b23b7f93e7a2c04e", "ticker": "AMAT"}
{"content_hash": "2f605cff5170c8b77efc3fd76cb70518039ae51fc2cca9ec61568af86b821b19", "created_at": "2026-07-08T12:26:14.815140", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2277", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.23.", "Price is above both SMA20 and SMA50.", "News flow is active with 263 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2f605cff5170c8b77efc", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T12:26:14.815140\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 263 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T12:26:14.799391\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 263 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.9 and thesis conviction 73.0/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2277, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "780cc592000e6dd92c961a69a1912570016bd709fb9a1e5baf5a3967e46a6f9d", "ticker": "AAPL"}
{"content_hash": "2e6f552aa4cf01467cbd6c6b234b9b5a98eb21e46a5b13d5db79fff2e7e8ba5e", "created_at": "2026-07-08T12:26:15.057600", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2278", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-2e6f552aa4cf01467cbd", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T12:26:15.057600\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T12:26:15.047941\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2278, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "14875851289382226e418683f8eb507299a1aed6432542f4adf25d955912658c", "ticker": "AMAT"}
{"content_hash": "6670b5bd272c89ac9d5cb14e15b7d8e5c6d93724859616d3649c20ed7686c1a9", "created_at": "2026-07-08T13:06:43.410064", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2281", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.23.", "Price is above both SMA20 and SMA50.", "News flow is active with 270 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6670b5bd272c89ac9d5c", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T13:06:43.410064\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 270 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T13:06:43.398874\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 270 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.9 and thesis conviction 73.0/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2281, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c013134b05dd2ff77777867f1a4a2abea148c4724fb89cdd4ff6b266f2cad22d", "ticker": "AAPL"}
{"content_hash": "19600b7c79cae8e87115a143cd382ff57815fd9bab1bea9bceba27ce541d6699", "created_at": "2026-07-08T13:06:43.719583", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2282", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-19600b7c79cae8e87115", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T13:06:43.719583\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T13:06:43.707653\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 71.9/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2282, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "729b1c12a1e89531ebbb49e081e89d227d11e28cf217639a9b7236d3397d2284", "ticker": "AMAT"}
{"content_hash": "f136114ebf8729d882ac39765f24008d008b1f51169fa06b15340de35be3e7ba", "created_at": "2026-07-08T13:47:09.875659", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2285", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 274 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-f136114ebf8729d882ac", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T13:47:09.875659\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 274 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T13:47:09.861303\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 274 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2285, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "701c8623ad59d1cab51d85a24a36aad19e72a48620e91ba701770905336537d8", "ticker": "AAPL"}
{"content_hash": "501e9d522b26a6898f06691451b132efd54a202b3f01e123cb41a26a50f399be", "created_at": "2026-07-08T13:47:10.166134", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2286", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "News flow is active with 157 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-501e9d522b26a6898f06", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T13:47:10.166134\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 157 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T13:47:10.140137\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"News flow is active with 157 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.2 and thesis conviction 72.0/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2286, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "931b33668af6607a10001082bb361e790523bfd2545477ea5402257566818d87", "ticker": "AMAT"}
{"content_hash": "121256dc7ed65204e448d7874fe17e7812def2ccac455d089ea35275067c5b5e", "created_at": "2026-07-08T14:48:37.615815", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2289", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 273 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-121256dc7ed65204e448", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T14:48:37.615815\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 273 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T14:48:37.585792\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 273 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2289, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "56b58b4851457136a48c65eab9efe73d802eccede9e26f00422356f3e12a327d", "ticker": "AAPL"}
{"content_hash": "a4bcb40e22055a45380a8dba60ca40672f0f9b272054836beae8daddc70644c6", "created_at": "2026-07-08T14:48:37.989369", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2290", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-a4bcb40e22055a45380a", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T14:48:37.989369\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T14:48:37.967042\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2290, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d4310d6b2a4cfd4bdd04650e3110563b648c3d7d3661ed342162fbba217c20fd", "ticker": "AMAT"}
{"content_hash": "ae2166b6efacfb4d0de2ceef6207d9fd7ef067d8b2af25c65a2ca23e0913bfa1", "created_at": "2026-07-08T15:28:17.594257", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2293", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 273 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ae2166b6efacfb4d0de2", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T15:28:17.594257\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 273 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T15:28:17.582847\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 273 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2293, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9c043a121a9f7d7612ef2a47f45bf4135bae0e100fe29eb1e439c15114da6df5", "ticker": "AAPL"}
{"content_hash": "5b498471731aa4213ce2506836b40f9bdfc18a8010bb7cf37938e20c47750bc4", "created_at": "2026-07-08T15:28:17.902215", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2294", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-5b498471731aa4213ce2", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T15:28:17.902215\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T15:28:17.892765\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2294, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8ede8a465aee50a7c107f8198aa864381566e114208e9be11807e61203f66ab2", "ticker": "AMAT"}
{"content_hash": "2f0e6f42432a5d5407081aff46f48a8443a5a42008948b926f9a8cc394e2d85c", "created_at": "2026-07-08T16:08:59.216255", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2297", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 272 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2f0e6f42432a5d540708", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T16:08:59.216255\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 272 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T16:08:59.206450\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 272 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2297, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6051ca5bb7086330b5d7fd45ac09acfdae08c77808cf092020be672b65b61902", "ticker": "AAPL"}
{"content_hash": "ed7bd30151210a608a745fc2fcb4d7e9462b59e7eaee2c79e1415969862bcd6b", "created_at": "2026-07-08T16:08:59.824165", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2298", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-ed7bd30151210a608a74", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T16:08:59.824165\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T16:08:59.812720\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2298, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7cfd89f402a48c9693904935875f2924def9803e0b565948bafa0e5dffd48792", "ticker": "AMAT"}
{"content_hash": "18b862da9de215d71990f7657d554b178f92c9bbcce838e835e4987c17a90929", "created_at": "2026-07-08T16:50:30.174440", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2301", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 271 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-18b862da9de215d71990", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T16:50:30.174440\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 271 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T16:50:30.169023\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 271 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2301, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "48d6e3f1f5c25df38e013e4c1c526e0455a333d63673d661b6c22bf743ce3b51", "ticker": "AAPL"}
{"content_hash": "53cb65aeaa6cd7a1f6f21b4f8ccc1f7353ff5c7711cd65a7abb7621c5c165d6f", "created_at": "2026-07-08T16:50:30.351702", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2302", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 153 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-53cb65aeaa6cd7a1f6f2", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T16:50:30.351702\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 153 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T16:50:30.338140\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 153 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2302, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "20427ade1f9b2e70ec8421db00e14c9e32537408de310146318ce1091b494cb5", "ticker": "AMAT"}
{"content_hash": "06c7639b6a33ccb4fc8aa3fccd49c950273115cf0f3a720f76ec0d76b159b5e3", "created_at": "2026-07-08T17:31:01.762056", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2305", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 271 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-06c7639b6a33ccb4fc8a", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T17:31:01.762056\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 271 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T17:31:01.756127\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 271 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2305, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9fc5524b3b69c5eba8ea3d11c41eaeb6d123f3365641776f14e2aee78d946b4c", "ticker": "AAPL"}
{"content_hash": "796f7ecf5083c7cf5388b4552e8088078e57b27397310c98fea3292d79927c4e", "created_at": "2026-07-08T17:31:01.932877", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2306", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-796f7ecf5083c7cf5388", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T17:31:01.932877\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T17:31:01.927211\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2306, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "793646a5a9141d1a65e135f3d79ed3e89f778bb1810897a8afed89f6e2aa8fef", "ticker": "AMAT"}
{"content_hash": "138fdf92e5207913768d1ab6aff7e9cdda73d779ed39550e2a2ff2a0af93a96b", "created_at": "2026-07-08T18:52:33.324316", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2309", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.23.", "Price is above both SMA20 and SMA50.", "News flow is active with 273 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-138fdf92e5207913768d", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T18:52:33.324316\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 273 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T18:52:33.316811\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.23.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 273 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 70.9 and thesis conviction 73.0/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2309, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b52ca6761cf762cd58ad018cb195c98c5b63d37941cd7652630a7eef798cf953", "ticker": "AAPL"}
{"content_hash": "c6a54d29687552671245b7d96795bfd9795d9c6211790d0316df2d341d9bbbb6", "created_at": "2026-07-08T18:52:33.492557", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2310", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c6a54d29687552671245", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T18:52:33.492557\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T18:52:33.486715\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2310, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4157e4c5bd355eab4b485ac92b975d3ab4576376d421e9ed608b70d19cd7d14b", "ticker": "AMAT"}
{"content_hash": "b19da44eddc0c4f4be1279800b5db027dba329b77245a1d808dae8a69d4b5ed6", "created_at": "2026-07-08T19:32:59.530894", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2311", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 270 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b19da44eddc0c4f4be12", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T19:32:59.530894\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 270 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T19:32:59.525843\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 270 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2311, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6b233909823f0a9229ae90a439756bf7ab290df3159de5be0c5d7ac4124841d5", "ticker": "AAPL"}
{"content_hash": "5607d053f792b4999654d99ab2c2dd6fbe20f10b490ecb7af093c7f0acc8d578", "created_at": "2026-07-08T19:32:59.706438", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2312", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 153 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-5607d053f792b4999654", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T19:32:59.706438\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 153 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T19:32:59.701131\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 153 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2312, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "96cce40ac6d72342797e36ade82e9711031116156df62c7e2da0fd4b23a6899b", "ticker": "AMAT"}
{"content_hash": "6bb79dd3b991df96c2cb5badaa7b6dc233476333d86374798cedfda2263f1f8e", "created_at": "2026-07-08T20:14:04.272477", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2315", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 271 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6bb79dd3b991df96c2cb", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T20:14:04.272477\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 271 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T20:14:04.267959\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 271 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2315, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c5aa2ad621e83589c80790842bf9de14c70ec4fb42f5b9d4dc128fab7a1ff2dc", "ticker": "AAPL"}
{"content_hash": "c702a66ebd8b64b9355c79bd754ae454d0c5778dbe5160d6151db382b77e88bb", "created_at": "2026-07-08T20:14:04.460873", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2316", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c702a66ebd8b64b9355c", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T20:14:04.460873\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T20:14:04.454531\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2316, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ffcacd28123bf5ed89e983c70e63a1b73fcc58535cf374a7693d00404db8501a", "ticker": "AMAT"}
{"content_hash": "563a031e58cb4db333a88d68e1912f42fdc0ac8bb5722b8e5c12f950df25ec63", "created_at": "2026-07-08T20:55:29.866813", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2319", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 270 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-563a031e58cb4db333a8", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T20:55:29.866813\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 270 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T20:55:29.862044\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 270 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2319, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "aad43267fed61d1287daab7455f684f428735188f901943c98e0dc22713a18dd", "ticker": "AAPL"}
{"content_hash": "9e4a0671e04571dad324d154d30df7c3d6c8f6f9bfb6fe95900c4e18690fde4c", "created_at": "2026-07-08T20:55:30.063455", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2320", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 151 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-9e4a0671e04571dad324", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T20:55:30.063455\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 151 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T20:55:30.052659\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 151 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.0/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2320, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d79bef31adc3f1da7ae1addb8a84cc6e917c08fd2dfcd5d1d622ee81b96f2016", "ticker": "AMAT"}
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{"content_hash": "84c8d1a015c7c8e360ae829cc0a71b27f5d0527db931f3d65e0e64125f5d5bbc", "created_at": "2026-07-08T21:34:42.272115", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2324", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 151 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-84c8d1a015c7c8e360ae", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T21:34:42.272115\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 151 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T21:34:42.266748\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 151 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.3 and thesis conviction 72.0/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2324, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "06ed8b397c79404ee468512201f3883957f7b09331905c1ec7e1f33da0582de0", "ticker": "AMAT"}
{"content_hash": "ba57baa048ed992e52d3404aa4a2acdabbd0caa47def19163098b813968f3efa", "created_at": "2026-07-08T22:15:36.120873", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2327", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 269 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ba57baa048ed992e52d3", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T22:15:36.120873\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 269 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T22:15:36.115748\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 269 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2327, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "876de401bd4d5ab1d73c3da98fd7ee314f88fd0810aab388f27c7243d6c021c8", "ticker": "AAPL"}
{"content_hash": "60e1e1a52214bfda9e4e2b8d0c37cd02edf8ca4634986bfecde57a11ce6fa337", "created_at": "2026-07-08T22:15:36.300034", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2328", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 149 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-60e1e1a52214bfda9e4e", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T22:15:36.300034\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 149 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T22:15:36.295057\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 149 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2328, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f6c348fc201bf5c5cce092f760489c0b05fb2af319c2b8c305ae61167d8d11ca", "ticker": "AMAT"}
{"content_hash": "b74dad15514d3b3ba687f6b541da780b1397493ee71fc0f6054414662684814b", "created_at": "2026-07-08T22:56:21.277715", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2331", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 268 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b74dad15514d3b3ba687", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T22:56:21.277715\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 268 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T22:56:21.270104\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 268 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2331, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c3af8f746bd65cd78ba9b795e5923fde1e645af7f7b37180937f0a4e38b40f5f", "ticker": "AAPL"}
{"content_hash": "ec6cc81fe016edbe1f534f3a9bbd1197ba52c7dfc287342b69a394af78902877", "created_at": "2026-07-08T22:56:21.709433", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2332", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "News flow is active with 149 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-ec6cc81fe016edbe1f53", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T22:56:21.709433\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 149 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T22:56:21.695637\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"News flow is active with 149 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2332, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8f11d5e00626a57137e625e61cefc655f9da2cfd41da1736b91f5a3a0b1579a0", "ticker": "AMAT"}
{"content_hash": "257d97041da73de007562a9e6356aa65bf21d076950ff135a2788f0e10ba93db", "created_at": "2026-07-08T23:37:17.761183", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2335", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 73.8.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.24.", "Price is above both SMA20 and SMA50.", "News flow is active with 269 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-257d97041da73de00756", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T23:37:17.761183\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 73.8.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 269 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.7.\"}, {\"type\": \"contradicting\", \"value\": \"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T23:37:17.754293\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AAPL\"}", "role": "user"}, {"content": "{\"bear_case\": [\"No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\"], \"bull_case\": [\"Momentum score is 73.8.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.24.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 269 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AAPL (Apple Inc.) is a Watch research setup with Blum score 71.0 and thesis conviction 73.1/100 in a Risk-Off regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 73.8. Main challenge: No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof.\", \"what_would_change_the_view\": [\"Loss of support near 271.24.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2335, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "42ec2eff8f28af136d028b2a108b8ddd5ef091ce998ed2a177f7b261dcc97131", "ticker": "AAPL"}
{"content_hash": "412fdefd1ed4089e7d29abff509a750070d74b8602287dabc8e9fb2e00153e2c", "created_at": "2026-07-08T23:37:17.974408", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2336", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "News flow is active with 150 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-412fdefd1ed4089e7d29", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-08T23:37:17.974408\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 150 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T23:37:17.968334\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"News flow is active with 150 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2336, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9c2b9fa9266fb2d36bd696a6746f5d29ecbcf747b7eac4bd729c2836e659abb0", "ticker": "AMAT"}
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{"content_hash": "b21b39f88dda436cff7a86e2ac9fca743fd9cb02331bcd0d2254de26fcd7faf8", "created_at": "2026-07-09T01:18:41.196048", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2344", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "News flow is active with 150 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-b21b39f88dda436cff7a", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-09T01:18:41.196048\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 150 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-09T01:18:41.190632\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"News flow is active with 150 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2344, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "be6ebd327555291141be4b9b54b6f07843b6c7a190a027deefd1dd21a9b197b1", "ticker": "AMAT"}
{"content_hash": "cc5f2c53557fab339ae703298f3080c37b96e83745e3d74e3a3337fa9d9cfd87", "created_at": "2026-07-09T01:58:59.397631", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2348", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 70.4.", "Trend score is 73.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "News flow is active with 150 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-cc5f2c53557fab339ae7", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-09T01:58:59.397631\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 70.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 73.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 150 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Panic\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-09T01:58:59.392146\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 70.4.\", \"Trend score is 73.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"News flow is active with 150 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 68.4 and thesis conviction 72.1/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 70.4. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2348, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "cb1a84386461aba2bef32826bb947fcf9d2a3c14bc561e8d1c67ab2f161d1db3", "ticker": "AMAT"}
{"content_hash": "cfd629d4dac0e86ebc2e03a1f6d40313573b624852a74922597afd1d2cd7705c", "created_at": "2026-07-09T02:39:28.422275", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2352", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 71.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "News flow is active with 149 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-cfd629d4dac0e86ebc2e", "messages": [{"content": "You are BLUM Finance, an evidence-bound financial reasoning model. Use only supplied point-in-time evidence and abstain when it is insufficient.", "role": "system"}, {"content": "{\"as_of\": \"2026-07-09T02:39:28.422275\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 71.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 149 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"The latest signal is explicitly marked High risk.\"}, {\"type\": \"risk\", \"value\": \"Risk evidence is incomplete and requires verification.\"}], \"horizon\": \"swing\", \"market_context\": {\"macro_environment\": {}, \"market_breadth\": {}, \"market_regime\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-09T02:39:28.416185\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 71.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"News flow is active with 149 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"], \"risks\": [\"Risk evidence is incomplete and requires verification.\"], \"status\": \"watch\", \"thesis\": \"AMAT (Applied Materials Inc.) is a Watch research setup with Blum score 66.1 and thesis conviction 72.4/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 75.0. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 396.48.\", \"Sentiment turns negative while price momentum fades.\", \"ETF or sector confirmation fails to appear after the next market refresh.\", \"Volatility expands further without a compensating increase in evidence quality.\", \"Positive narrative becomes crowded but no longer improves price structure.\"]}", "role": "assistant"}], "outcome": {"benchmark_relative_return": null, "label": "inconclusive", "status": "inconclusive"}, "quality": {"confidence_calibration_score": 100.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 73.9}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2352, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "validation", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ef3375b2ca6818b219704d0dd414551869a014826b9a7ced25debf4ca91f5f9e", "ticker": "AMAT"}
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