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{"content_hash": "187ab8baab0bee6d9284ccedc6b811a952ae811c3ec8f65129e12d9fbfcee087", "created_at": "2026-06-22T23:41:20.620032", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "898", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 130 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-187ab8baab0bee6d9284", "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\": \"2026-06-22T23:41:20.620032\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 130 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-22T23:41:20.599821\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 130 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 384.53.\", \"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 Narrative Breakout research setup with Blum score 79.9 and thesis conviction 74.4/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 384.53.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.95}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 898, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "808b471f2e022afafaa23271179b83d88dee223f21e6a00376750e999a5c6a03", "ticker": "AMAT"}
{"content_hash": "32847df2b8882d61dadb6a42aa93f2bbeaf4304dcf79276770d05e36b8c0c3c7", "created_at": "2026-06-23T07:27:55.395021", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "938", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 131 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-32847df2b8882d61dadb", "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\": \"2026-06-23T07:27:55.395021\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 131 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T07:27:55.388025\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 131 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.7 and thesis conviction 74.4/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.95}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 938, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "426c187558b8d45ec505674d906d531cc3f9383e8a5d25d5329fa32e45e3928a", "ticker": "AMAT"}
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{"content_hash": "d3593ba886e8d05a3ddaef37235cae506d82fc143bde18455d4c6f8506aecf9d", "created_at": "2026-06-23T12:27:07.487842", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "962", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 134 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-d3593ba886e8d05a3dda", "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\": \"2026-06-23T12:27:07.487842\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 134 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T12:27:07.475766\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 134 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.7 and thesis conviction 74.4/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.95}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 962, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9e35a9bdbc3d3c66682e3c374359f28252369bc146cd3ad1fe9104daeb24c3f0", "ticker": "AMAT"}
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{"content_hash": "18eb0f160cb75f41311da2a5b4723559f51081643dbba643460c3c888e464766", "created_at": "2026-06-23T13:27:39.916453", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "968", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 135 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-18eb0f160cb75f41311d", "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\": \"2026-06-23T13:27:39.916453\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 135 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T13:27:39.911764\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 135 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.8 and thesis conviction 74.5/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.95}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 968, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c455f1982d6b0201694898e9f1ab1cb6f4e4b4af96c30533ffca9e3241df236c", "ticker": "AMAT"}
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{"content_hash": "6127170e977c767ba1b5daa225fa5dc3c3ce78a9ea14666fb4f2b95875eee814", "created_at": "2026-06-23T19:07:15.691211", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1003", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.26.", "Price is above both SMA20 and SMA50.", "News flow is active with 144 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-6127170e977c767ba1b5", "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\": \"2026-06-23T19:07:15.691211\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 144 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T19:07:15.686817\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 144 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.4 and thesis conviction 74.1/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1003, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b377bd6113284f0d0d37adb088d6aa3408809e65bf2c65a6d0586260d75e858f", "ticker": "AMAT"}
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{"content_hash": "d3c0858ab53b47c07a480a752473cf0e28ea86f4c591778c2b4d571e3b2fbc29", "created_at": "2026-06-23T21:47:12.916787", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1019", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-d3c0858ab53b47c07a48", "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\": \"2026-06-23T21:47:12.916787\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T21:47:12.912544\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1019, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f94e4f30befdb088a72427391f434db422c90dd5f4ed83e8dbde155ab2c3ceb4", "ticker": "AMAT"}
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{"content_hash": "12cce745234f5f900a7c49d782c2a72ead413034bcc50326c76c0f62c01fd69e", "created_at": "2026-06-23T22:47:10.548490", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1025", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-12cce745234f5f900a7c", "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\": \"2026-06-23T22:47:10.548490\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T22:47:10.542096\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1025, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "46508a5da4b1c601355c9995660a73a1354fc1d8afe09d139e263f91c3ebb51d", "ticker": "AMAT"}
{"content_hash": "55cfd075ea9237d5b08a7a39820fd26749eaece231f5c73accc67e016c544bad", "created_at": "2026-06-23T23:07:54.517968", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1027", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-55cfd075ea9237d5b08a", "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\": \"2026-06-23T23:07:54.517968\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T23:07:54.512259\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1027, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ccf709cfbc9414619aeea829cea6307428118b5cccae2e826309e05d314ebbde", "ticker": "AMAT"}
{"content_hash": "7d94dab3491b000cf94675cbe7c7d3223bb5cee74613cbccf09b3f43d363b3a2", "created_at": "2026-06-23T23:27:33.560541", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1029", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7d94dab3491b000cf946", "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\": \"2026-06-23T23:27:33.560541\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T23:27:33.553703\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1029, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c3a846dc01a70d8cdc9657743f16ab4d189b4f81d3d11f515874fbd0a0f06de5", "ticker": "AMAT"}
{"content_hash": "649b166765b88970719e2a8f9d55df243e8bcd9245f849d9f5a3712dabd82ff9", "created_at": "2026-06-23T23:47:14.201727", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1031", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-649b166765b88970719e", "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\": \"2026-06-23T23:47:14.201727\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-23T23:47:14.197202\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1031, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d83e378d1a124a82b0b61dc18726fe419b19181303068780b0fa0bd47de8f6ef", "ticker": "AMAT"}
{"content_hash": "8749338b2af995c209b99d6f2741d073e45f7ef2e80d6150dcd6aa2acb1a65bb", "created_at": "2026-06-24T00:07:39.198756", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1032", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 62.9; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8749338b2af995c209b9", "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\": \"2026-06-24T00:07:39.198756\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 62.9; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T00:07:39.194603\", \"volatility_regime\": \"normal_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\": [\"Trend score is 62.9; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 259.99.\", \"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 Neutral research setup with Blum score 63.0 and thesis conviction 70.4/100 in a Rotation regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Trend score is 62.9; price structure is supportive. 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 259.99.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1032, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b9efa242ce91d946aebc55c48bcb5c5e42cf9047e8aee2d8b3e6b49b6911ff5f", "ticker": "AAPL"}
{"content_hash": "6b8caa3f9a35d5ee82b2e7467a75c51e17031dc33342a53aa29ff672c93a0017", "created_at": "2026-06-24T00:07:39.327251", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1033", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-6b8caa3f9a35d5ee82b2", "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\": \"2026-06-24T00:07:39.327251\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T00:07:39.322635\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1033, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b406b8d8123af4eb8962c0dd0ff17d8fc370f14b5eb4dbb60602404435b626b5", "ticker": "AMAT"}
{"content_hash": "aeb83963cea391428717cfc535348bb07387ba41254731a5af50aac3f339fbb9", "created_at": "2026-06-24T00:27:26.658275", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1034", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 62.9; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-aeb83963cea391428717", "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\": \"2026-06-24T00:27:26.658275\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 62.9; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T00:27:26.653698\", \"volatility_regime\": \"normal_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\": [\"Trend score is 62.9; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 259.99.\", \"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 Neutral research setup with Blum score 63.0 and thesis conviction 70.4/100 in a Rotation regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Trend score is 62.9; price structure is supportive. 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 259.99.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1034, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "57531af5e1563512f320fc1f1988cb8c15d05b67f5f039c288c891f17a2b2dc5", "ticker": "AAPL"}
{"content_hash": "aee0a03aa254031f778039565400813a12be8694c3915d86b077ac012539d2c9", "created_at": "2026-06-24T00:27:26.789824", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1035", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-aee0a03aa254031f7780", "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\": \"2026-06-24T00:27:26.789824\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T00:27:26.785511\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1035, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3d88bc338aa2a7e8380440af5cc8aa5a3ead70ed93ea60ac4e58bbb00bb56840", "ticker": "AMAT"}
{"content_hash": "6a2e96eafd3da4561159290c22a3390796509fa1c8e7e596bad28d76e6966b11", "created_at": "2026-06-24T00:46:58.324762", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1036", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 62.9; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6a2e96eafd3da4561159", "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\": \"2026-06-24T00:46:58.324762\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 62.9; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T00:46:58.320859\", \"volatility_regime\": \"normal_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\": [\"Trend score is 62.9; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 259.99.\", \"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 Neutral research setup with Blum score 63.0 and thesis conviction 70.4/100 in a Rotation regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Trend score is 62.9; price structure is supportive. 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 259.99.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1036, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7a723f9b87cb99d9bd7620c1597ed37c92e5a6928bf3466b098f2ee07a8d3432", "ticker": "AAPL"}
{"content_hash": "ad13d9667bfcef19fb354fd7e911812d32f50b1720d93828851ccfc5b4a72861", "created_at": "2026-06-24T00:46:58.459546", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1037", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-ad13d9667bfcef19fb35", "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\": \"2026-06-24T00:46:58.459546\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T00:46:58.452765\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1037, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c75dc2bfee8616d67562c14fd25b1d8ed9ca57192ec44ac04bc6d391113b9f6c", "ticker": "AMAT"}
{"content_hash": "7cb8a2f4ca50c31b49beaf09d48a416bcdffe8309328595510aa30b430db21b4", "created_at": "2026-06-24T01:06:45.716353", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1038", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 62.9; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-7cb8a2f4ca50c31b49be", "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\": \"2026-06-24T01:06:45.716353\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 62.9; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T01:06:45.712344\", \"volatility_regime\": \"normal_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\": [\"Trend score is 62.9; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 259.99.\", \"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 Neutral research setup with Blum score 63.0 and thesis conviction 70.4/100 in a Rotation regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Trend score is 62.9; price structure is supportive. 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 259.99.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1038, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "25dced35f935f2c6006b9aeb0e432b531632754d806da4ef9191d79bb681a875", "ticker": "AAPL"}
{"content_hash": "aaf2d21fe3ce8a04b825bf0345a7ce4bf3cb4280b8c0340400684058b69f7618", "created_at": "2026-06-24T01:06:45.858326", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1039", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-aaf2d21fe3ce8a04b825", "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\": \"2026-06-24T01:06:45.858326\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T01:06:45.849931\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1039, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "75bda2e085f54ded8202e2122aafd81ccf75d57e7a6f531c74a1da2d2b04b20a", "ticker": "AMAT"}
{"content_hash": "db146961c6873232d16c2c350b5423dfcd585701e26be6c3f95d0b72dc4d7e62", "created_at": "2026-06-24T01:27:25.979788", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1040", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 62.9; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-db146961c6873232d16c", "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\": \"2026-06-24T01:27:25.979788\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 62.9; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T01:27:25.974977\", \"volatility_regime\": \"normal_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\": [\"Trend score is 62.9; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 259.99.\", \"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 Neutral research setup with Blum score 63.0 and thesis conviction 70.4/100 in a Rotation regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Trend score is 62.9; price structure is supportive. 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 259.99.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1040, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "98a023f3414960b121b6a8bcb776b018f93c9053d0b13220a27dc5810f1b875c", "ticker": "AAPL"}
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{"content_hash": "c3296aa461fb409c54e580b182b6cc2b8254b1ad9ae51147a141717b9f03bfaa", "created_at": "2026-06-24T01:47:10.526773", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1042", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 62.9; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c3296aa461fb409c54e5", "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\": \"2026-06-24T01:47:10.526773\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 62.9; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T01:47:10.523110\", \"volatility_regime\": \"normal_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\": [\"Trend score is 62.9; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 259.99.\", \"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 Neutral research setup with Blum score 63.0 and thesis conviction 70.4/100 in a Rotation regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Trend score is 62.9; price structure is supportive. 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 259.99.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1042, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5ecbc1941d7420c43df10e8b173dd0167ee6eae431d67a91060031e95c1e2cf5", "ticker": "AAPL"}
{"content_hash": "03844f43edf8a4a626ba73678f2b33b5e9641eeb09f87d9af03469383aac6e5a", "created_at": "2026-06-24T01:47:10.664595", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1043", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 91.5; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-03844f43edf8a4a626ba", "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\": \"2026-06-24T01:47:10.664595\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 91.5; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T01:47:10.658755\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 91.5; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 387.80.\", \"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 Technical Breakout research setup with Blum score 76.3 and thesis conviction 74.0/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 387.80.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1043, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7e6a0f5f4d2713d0d72526a7d2d876c881982b71e01353c81181389efa57fe7a", "ticker": "AMAT"}
{"content_hash": "1ea270429ed4edd359475b32c99f2170b183a85b5e74f506d8863a872e61e862", "created_at": "2026-06-24T02:07:19.158845", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1044", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-1ea270429ed4edd35947", "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\": \"2026-06-24T02:07:19.158845\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T02:07:19.154767\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 61.3 and thesis conviction 69.8/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1044, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ea9314cb8ee16c07055a86b4fc64a8effcf0161168e38468292c8cbf3f35892e", "ticker": "AAPL"}
{"content_hash": "9358b4b3735950e7bdd288a6fa55231bf18d0c2e1fc3de17ed502234d17a4d01", "created_at": "2026-06-24T02:07:19.274044", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1045", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-9358b4b3735950e7bdd2", "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\": \"2026-06-24T02:07:19.274044\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T02:07:19.268950\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.2 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1045, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f371f183a1fb6f82c8d0ed3e5ea2ec160cd4906383207b5ad439d873564c2c2a", "ticker": "AMAT"}
{"content_hash": "4f9c616c4305ae57b449752b1f6d415ea5735f0182b6053c39b9dd6552584453", "created_at": "2026-06-24T02:27:30.961152", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1046", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4f9c616c4305ae57b449", "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\": \"2026-06-24T02:27:30.961152\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T02:27:30.956377\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1046, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "211008e86807586ae3dde7877cc6a6c3b730f55b00a10420ad8fb5af781dd395", "ticker": "AAPL"}
{"content_hash": "cf34a1e103610cdfeb23c660a79d0074bb8e6addfddfea0e0c5b2f937120091d", "created_at": "2026-06-24T02:27:31.092117", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1047", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-cf34a1e103610cdfeb23", "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\": \"2026-06-24T02:27:31.092117\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T02:27:31.086640\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1047, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "48a30f82a284d9162e3198ac120bad201ecad9963c698bda9e81cfbc9e0ff94c", "ticker": "AMAT"}
{"content_hash": "c36ffb1aa2c2f4ba01005752a9529b622d6f0739ab2f9b6462b3fbb86a8035be", "created_at": "2026-06-24T02:47:14.111791", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1048", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c36ffb1aa2c2f4ba0100", "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\": \"2026-06-24T02:47:14.111791\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T02:47:14.104512\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1048, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "59145006fc88baa141b642ff85f8fb498d55c20453843f6f2681a12bb491fde1", "ticker": "AAPL"}
{"content_hash": "72ed78962cfb6f1df14e6ca6dfe1fef0145e43b0c83aaac7cba3de8a09d4c16d", "created_at": "2026-06-24T02:47:14.263387", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1049", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-72ed78962cfb6f1df14e", "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\": \"2026-06-24T02:47:14.263387\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T02:47:14.258070\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1049, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c832bbfc56e1a685a319f8bd71063d13b9791f0ff62ec735d28f229a34c4ee39", "ticker": "AMAT"}
{"content_hash": "f2e9f8ade9f2e428035917623759a331a528e4f9d54a19bacaa83e213f3061fc", "created_at": "2026-06-24T03:07:03.962372", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1050", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-f2e9f8ade9f2e4280359", "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\": \"2026-06-24T03:07:03.962372\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T03:07:03.958506\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1050, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b830bdaa021d646a16a43d0088e2ff962082512a47d5069f434cec016dd0aa54", "ticker": "AAPL"}
{"content_hash": "0d2d00539af26464ad7418f4449d6c52ff6a82bc5380e1158e6863263c3d65bc", "created_at": "2026-06-24T03:07:04.083727", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1051", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-0d2d00539af26464ad74", "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\": \"2026-06-24T03:07:04.083727\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T03:07:04.079276\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1051, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "67c56e74a7c2ae8a68d29c2d5db123d5f0224dc67deb81668e47c3b06af2b4e3", "ticker": "AMAT"}
{"content_hash": "29be0f29e18b02b36a942417aa1ee784ba422d3fb46dc3de7a25364f2795a121", "created_at": "2026-06-24T03:27:19.042982", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1052", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-29be0f29e18b02b36a94", "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\": \"2026-06-24T03:27:19.042982\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T03:27:19.038984\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1052, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "639ed68fe26d1157d2bb56be227de22493011c4371e9be7f4f24b0b9cfb3753f", "ticker": "AAPL"}
{"content_hash": "48a20763296c637b0dc2a48bcb83e9ba7f3ce3e6a2072d537bbe1793d312ea4a", "created_at": "2026-06-24T03:27:19.176479", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1053", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-48a20763296c637b0dc2", "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\": \"2026-06-24T03:27:19.176479\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T03:27:19.172157\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1053, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "2919e762d206687df4f724a9d89df5c64612a5b842eba51880ab9fd91b5f403b", "ticker": "AMAT"}
{"content_hash": "b8c95ad00b0b8da4d47ba942065da136bb7298f4b7f84ae95e4e3edac6ff427b", "created_at": "2026-06-24T03:46:59.530473", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1054", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b8c95ad00b0b8da4d47b", "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\": \"2026-06-24T03:46:59.530473\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T03:46:59.526292\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1054, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4c9d78c2de842e8c96719949535aaea67b1499280ec06ddf35d68ac09b32bd4a", "ticker": "AAPL"}
{"content_hash": "7b9a938e23c70face944533a25162753852884ab46b53eb00faccad73c48b1cd", "created_at": "2026-06-24T03:46:59.642905", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1055", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7b9a938e23c70face944", "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\": \"2026-06-24T03:46:59.642905\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T03:46:59.638322\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1055, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7fe987208df54af7cfd0b3f6531e8907e73961c536316add1811b0245c9609b4", "ticker": "AMAT"}
{"content_hash": "0af921febf5fb366a5076afa07999b3f158e877086e93a630ae502cc40bed26f", "created_at": "2026-06-24T04:07:08.962592", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1056", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-0af921febf5fb366a507", "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\": \"2026-06-24T04:07:08.962592\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T04:07:08.958495\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1056, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "cd4cbaf205c6f78c41779550c473cb5f2b24c4f9181ec9561242dd65b2f8103e", "ticker": "AAPL"}
{"content_hash": "af8104d8526e51950b99f33ed0c9e4805da5011349ece38943e47db7dbedae89", "created_at": "2026-06-24T04:07:09.077524", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1057", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-af8104d8526e51950b99", "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\": \"2026-06-24T04:07:09.077524\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T04:07:09.073422\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1057, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "13df48d1b7f20d2ef00da5b7740efbaac0c8f2a9a40f2784dbb8da06be7196e8", "ticker": "AMAT"}
{"content_hash": "dee3c2c0f75a16235dd5adc4be644fd5504074449fa98c6f9b6382dab6bfaa8e", "created_at": "2026-06-24T04:27:24.397037", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1058", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-dee3c2c0f75a16235dd5", "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\": \"2026-06-24T04:27:24.397037\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T04:27:24.392739\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1058, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7a9f9bcbd42d558990af1fceebf9b341a7c95bb2c99ea7c98dc5bd4b19db634f", "ticker": "AAPL"}
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{"content_hash": "6c012f5ddd1432b6befbf229d25c82e050811edee407d6e2cea63fb00338b9b0", "created_at": "2026-06-24T04:47:04.845085", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1060", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 317 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6c012f5ddd1432b6befb", "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\": \"2026-06-24T04:47:04.845085\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 317 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T04:47:04.839158\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 317 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1060, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "30d42c4da808e52897f815fa4366eefa7e835bcf42324012820072e6147587a9", "ticker": "AAPL"}
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{"content_hash": "8f295963396e22cd7904cdf810f0bc90e5e8a5dcbf955b670102d278e49ee4d6", "created_at": "2026-06-24T05:20:59.403114", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1062", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 317 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8f295963396e22cd7904", "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\": \"2026-06-24T05:20:59.403114\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 317 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T05:20:59.395938\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 317 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1062, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3f4c3c13d52c9ca4cbd08b457b7adc793aae976fc609cf5d20dd819ec8328951", "ticker": "AAPL"}
{"content_hash": "5aab134538535cade26732099b231f5bac37948c5f7595331202de210dd3816d", "created_at": "2026-06-24T05:20:59.705391", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1063", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-5aab134538535cade267", "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\": \"2026-06-24T05:20:59.705391\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T05:20:59.700147\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1063, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "524fe299192025ea8c76f2652fbd78f7093147fc7fc8d09153ab3486f821b464", "ticker": "AMAT"}
{"content_hash": "920dfe363f9156771a26744254de583c70fee93f02cf49e23bda2f96cc6ac273", "created_at": "2026-06-24T05:39:18.891251", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1064", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 317 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-920dfe363f9156771a26", "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\": \"2026-06-24T05:39:18.891251\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 317 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T05:39:18.883429\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 317 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1064, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "604e1c369e00dbfe1a4a6058c9d2945a2110875b88ab74e8206d5f8f8cf70eb2", "ticker": "AAPL"}
{"content_hash": "fd7e8ce840456e7987b1b64f3a55357f9d80879c22eccac576ba557c00b1d90e", "created_at": "2026-06-24T05:39:19.247850", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1065", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-fd7e8ce840456e7987b1", "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\": \"2026-06-24T05:39:19.247850\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T05:39:19.241796\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1065, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c7cefbe9ee3e779f82f5d1c7393dbaf03a4e8519e16c483f2cba39858dcaf711", "ticker": "AMAT"}
{"content_hash": "18a16d584d1432a521c6a903b03ac7e0e77c8268932d9b5ace4c882dba753ac5", "created_at": "2026-06-24T06:09:38.588216", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1066", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.15.", "News flow is active with 320 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-18a16d584d1432a521c6", "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\": \"2026-06-24T06:09:38.588216\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.15.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 320 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T06:09:38.578666\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.15.\", \"News flow is active with 320 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1066, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8601786be8076248b23d5adc70dbebc90a2880ca689c054c224ce3afc0191d28", "ticker": "AAPL"}
{"content_hash": "b651f3611b0a965a94d5a6bbf9bc38e09f3b80a1f90a23d9fd60bef48e3ee235", "created_at": "2026-06-24T06:09:38.963232", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1067", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-b651f3611b0a965a94d5", "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\": \"2026-06-24T06:09:38.963232\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T06:09:38.956252\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1067, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ce071b40a38e53ed6b189067b1cd54227bfc936b4f1607962b622ed783329367", "ticker": "AMAT"}
{"content_hash": "581bc85ccec807aebfde33674ae0b8468f5f1f81af8e4f00d23b7dda1869618c", "created_at": "2026-06-24T06:29:58.969560", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1068", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 323 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-581bc85ccec807aebfde", "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\": \"2026-06-24T06:29:58.969560\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 323 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T06:29:58.926229\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 323 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1068, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "26fe51153aec85d005fd807c56106dae80dcc97df9be9b0a2a14419b550339b8", "ticker": "AAPL"}
{"content_hash": "99bb161b4b5d386e8c8b121466fd0e0fa88939b3e282ced67b560d0f438c3a8a", "created_at": "2026-06-24T06:29:59.235694", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1069", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-99bb161b4b5d386e8c8b", "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\": \"2026-06-24T06:29:59.235694\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T06:29:59.221204\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1069, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c32bb5c554cf3d4b63abadc36937ea449b7fb6f3ccaf78ad8ca8c6f4f31406a7", "ticker": "AMAT"}
{"content_hash": "61bc1fe22728aa0af454ab3307ff44a687823f072a93bc33d88dbcce6e4a0346", "created_at": "2026-06-24T06:50:03.118497", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1070", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 323 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-61bc1fe22728aa0af454", "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\": \"2026-06-24T06:50:03.118497\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 323 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T06:50:03.105351\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 323 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1070, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3d74c266fa1de605bc15ac1cd8fc5938bdafba186986ec49c061440fe2c1ead0", "ticker": "AAPL"}
{"content_hash": "671d8420b95c5f60cfb8534b97a609f25b500af7460740bc9ce6c71b626393c6", "created_at": "2026-06-24T06:50:03.436532", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1071", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-671d8420b95c5f60cfb8", "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\": \"2026-06-24T06:50:03.436532\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T06:50:03.427434\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1071, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a31e2a116d9ef5974cbfadd6173ab600ac3796e34e6a5ccf1eeff53ef7bec240", "ticker": "AMAT"}
{"content_hash": "fa8fec6060b1ad5167fd1191952f3a1a9a7af295c342bc77678c819a721806cf", "created_at": "2026-06-24T07:09:49.668687", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1072", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 325 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-fa8fec6060b1ad5167fd", "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\": \"2026-06-24T07:09:49.668687\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 325 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T07:09:49.663548\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 325 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1072, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a9435e1b989df0959e43c89d7c6f6dea61da660bca0089b071fc3e8558c0c337", "ticker": "AAPL"}
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{"content_hash": "b7b7ca304d0ce8c73b0cb323ece932c35209497c0599c54d7f351f01d7955d8e", "created_at": "2026-06-24T07:29:42.121787", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1074", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 326 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b7b7ca304d0ce8c73b0c", "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\": \"2026-06-24T07:29:42.121787\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 326 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T07:29:42.092183\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 326 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1074, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8507e1c0c6e605cced1ea85ba2cb420f2d34f380626342e71685b77ef966d127", "ticker": "AAPL"}
{"content_hash": "738a9e6893837717db32fe4694d142a9eb1575f7d2bcb3465e87d2d68953d0cc", "created_at": "2026-06-24T07:29:42.361314", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1075", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-738a9e6893837717db32", "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\": \"2026-06-24T07:29:42.361314\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T07:29:42.353131\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.5/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1075, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "74d6af92acb798772c64afe905426ddf448b75fc90fbe1313e1cbc508c6ea71d", "ticker": "AMAT"}
{"content_hash": "d8c3753a632e3d8a2bb22cfa9401eff780a078add46b3c5a5f76c7120e3a0593", "created_at": "2026-06-24T07:49:52.533240", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1076", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-d8c3753a632e3d8a2bb2", "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\": \"2026-06-24T07:49:52.533240\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T07:49:52.527158\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1076, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1f3f3f6574f8717737616f0b790522adefb68bf1241ddabc5eda894fecd5c3da", "ticker": "AAPL"}
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{"content_hash": "40ef0ca4b34bf7dd1b1e03a19d50d96586e02aa9c7f9b96fe829394a46bbf858", "created_at": "2026-06-24T08:09:47.187262", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1078", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-40ef0ca4b34bf7dd1b1e", "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\": \"2026-06-24T08:09:47.187262\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T08:09:47.178890\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1078, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b06f8b206713ae4d12747521256dd3e833f57a377bf134837774e14154acae41", "ticker": "AAPL"}
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{"content_hash": "50e032deaaaaf91f629cc7f9f72dab4281f793ffe948d5b7c6d9e2cb7ad04161", "created_at": "2026-06-24T08:29:35.744886", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1080", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-50e032deaaaaf91f629c", "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\": \"2026-06-24T08:29:35.744886\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T08:29:35.731172\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1080, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1239006e65e12e049a74e5da22a6410bcb6805f3a14911e22be03dd6802705a8", "ticker": "AAPL"}
{"content_hash": "eb67b2bcbc5e9736d1409376dd14e6560225aec4084480be071bcc9e5c5b9a9e", "created_at": "2026-06-24T08:29:35.957414", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1081", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.26.", "Price is above both SMA20 and SMA50.", "News flow is active with 151 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-eb67b2bcbc5e9736d140", "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\": \"2026-06-24T08:29:35.957414\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T08:29:35.951830\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\", \"Price is above both SMA20 and SMA50.\", \"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 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.6/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1081, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "11e5bae7cf266e875a3ce40183ab249b3f0bf76802ec272655a32bce4a20a1f4", "ticker": "AMAT"}
{"content_hash": "d33842e25099ecd108d24fd87a9bb95e5c840c974368274592834489ffa298f8", "created_at": "2026-06-24T08:49:35.769039", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1082", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-d33842e25099ecd108d2", "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\": \"2026-06-24T08:49:35.769039\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T08:49:35.764436\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1082, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6377dc4e855a82f8fb472c2271f3bcce9f8c383d92ce6e3f89d2f1be826fd4fc", "ticker": "AAPL"}
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{"content_hash": "4c1629f74eca32fbc63c89152bee1c7332472c20fb5d334d2bc3c2b34c74109a", "created_at": "2026-06-24T09:09:51.165812", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1084", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4c1629f74eca32fbc63c", "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\": \"2026-06-24T09:09:51.165812\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T09:09:51.156784\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1084, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7fcef805209b5aa3ccbbbc6f443d14b8c2398645fa481ff5193b1108a900bcf0", "ticker": "AAPL"}
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{"content_hash": "252edfed9a1f860f6467a27e8755465ff38a15a93809dc35003617de618bfffa", "created_at": "2026-06-24T09:29:43.390509", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1086", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-252edfed9a1f860f6467", "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\": \"2026-06-24T09:29:43.390509\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T09:29:43.385177\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1086, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7e6aa2109d340b9deeb7db009b8ec5dd5065ceb781e06ae7d2b1e16f49b01601", "ticker": "AAPL"}
{"content_hash": "4968f58031e94f3c52da3aed84f57dbddd8eebee60e04173562d5578436a3bf9", "created_at": "2026-06-24T09:29:43.552094", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1087", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.26.", "Price is above both SMA20 and SMA50.", "News flow is active with 151 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-4968f58031e94f3c52da", "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\": \"2026-06-24T09:29:43.552094\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T09:29:43.546236\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\", \"Price is above both SMA20 and SMA50.\", \"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 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.6/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1087, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9b03fa1ff5eaa1d5619dd29d744d5feb32608d7865b7ff948bd4e3f0757f7d56", "ticker": "AMAT"}
{"content_hash": "a996adda202a8cd48991b88a92eb2ead6934ff3c9521e75618362450356ceac7", "created_at": "2026-06-24T09:49:30.494153", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1088", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 327 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a996adda202a8cd48991", "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\": \"2026-06-24T09:49:30.494153\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 327 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T09:49:30.486764\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 327 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.3 and thesis conviction 69.9/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1088, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "196e067f22a1ca62cd667ec99179afc1b9d2fb8752a48935cf507f86ce2d6935", "ticker": "AAPL"}
{"content_hash": "df57129d3696674c2b83081926426e6bd327bb10a3c074b82857ff13af946911", "created_at": "2026-06-24T09:49:30.648023", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1089", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.26.", "Price is above both SMA20 and SMA50.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-df57129d3696674c2b83", "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\": \"2026-06-24T09:49:30.648023\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T09:49:30.641377\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\", \"Price is above both SMA20 and SMA50.\", \"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 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.6/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1089, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8e16e93de9a6fcc939f6aea77cb616426d077e66a20d9a8884ba95d61634241c", "ticker": "AMAT"}
{"content_hash": "538c83e4cc73ce031b937d04906176aefb9e1e48db08708f78bf18e6587d08e4", "created_at": "2026-06-24T10:09:49.167690", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1090", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "News flow is active with 330 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-538c83e4cc73ce031b93", "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\": \"2026-06-24T10:09:49.167690\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 330 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T10:09:49.158221\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"News flow is active with 330 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.4 and thesis conviction 70.0/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1090, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7ed25a8c028174f023d4bebb3b5de96ab7d3ae3ce680c6c1eecaee1126d77a73", "ticker": "AAPL"}
{"content_hash": "23964f49f2e8992d735ddeae59a8030bb2e4f734e3bb692f241e018060e9270d", "created_at": "2026-06-24T10:09:49.403253", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1091", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.26.", "Price is above both SMA20 and SMA50.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-23964f49f2e8992d735d", "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\": \"2026-06-24T10:09:49.403253\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T10:09:49.394257\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.26.\", \"Price is above both SMA20 and SMA50.\", \"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 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.6/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1091, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "fb31aff608a8b25e328a1fc720c3084cc227bc9cbf7d8e8da0aa14ee91800637", "ticker": "AMAT"}
{"content_hash": "9b29b0a91ade47eea7a2e80be2586cba57f334fa4530a981c8f3a97d1929c7e0", "created_at": "2026-06-24T10:29:26.329461", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1092", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Trend score is 61.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.17.", "News flow is active with 315 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9b29b0a91ade47eea7a2", "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\": \"2026-06-24T10:29:26.329461\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Trend score is 61.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 315 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\": \"Rotation\", \"risk_sentiment\": \"Balanced\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"Signal is upgraded only if sector/ETF confirmation persists.\", \"timestamp\": \"2026-06-24T10:29:26.300120\", \"volatility_regime\": \"normal_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\": [\"Trend score is 61.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\", \"News flow is active with 315 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 25.0, \"invalidation_conditions\": [\"Loss of support near 260.49.\", \"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 Neutral research setup with Blum score 62.4 and thesis conviction 70.0/100 in a Rotation regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Trend score is 61.7; price structure is supportive. 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 260.49.\", \"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": 75.0, "contradiction_handling_score": 53.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1092, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "178c4475643d8a69add870140efd63b7abd216554d9e65b327dbd2470b98b6c9", "ticker": "AAPL"}
{"content_hash": "61ff9fc422497290c9960017421fe3e384b542b61aa6873a381d4e54deb725e1", "created_at": "2026-06-24T10:29:26.559374", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1093", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 87.5.", "Trend score is 89.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.25.", "Price is above both SMA20 and SMA50.", "News flow is active with 151 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-61ff9fc422497290c996", "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\": \"2026-06-24T10:29:26.559374\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 87.5.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 89.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-06-24T10:29:26.545760\", \"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 87.5.\", \"Trend score is 89.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.25.\", \"Price is above both SMA20 and SMA50.\", \"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 389.59.\", \"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 Technical Breakout research setup with Blum score 77.3 and thesis conviction 75.6/100 in a Panic regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Momentum score is 87.5. Main challenge: The latest signal is explicitly marked High risk.\", \"what_would_change_the_view\": [\"Loss of support near 389.59.\", \"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": 74.19}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1093, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "86cebf2e4da6f1ab458ff1e98e8fcbf5cf06412cb5ee38988d647bf3ca3b09ad", "ticker": "AMAT"}
{"content_hash": "9f71e3865b9c97ff6b1a60dd1ba3790dfb65c9232be7ccc5a77c19de065aff24", "created_at": "2026-06-29T10:41:34.344968", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1099", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 136 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9f71e3865b9c97ff6b1a", "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\": \"2026-06-29T10:41:34.344968\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 136 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\": \"2026-06-29T10:41:34.336087\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 136 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.2 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1099, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d37a8ca4fbb726d4e9f743dab0211f979adf6c6090f906c8ef4d5b337dd70e9a", "ticker": "AAPL"}
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{"content_hash": "a7f6130c37086651a0d4631ebee75abd544fdf98e74db6aa58074edba3f62d5b", "created_at": "2026-06-29T11:41:21.057493", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1107", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.02.", "News flow is active with 136 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a7f6130c37086651a0d4", "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\": \"2026-06-29T11:41:21.057493\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.02.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 136 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\": \"2026-06-29T11:41:21.052488\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.02.\", \"News flow is active with 136 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.2 and thesis conviction 60.0/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.02. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1107, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b2e59c1c081cd896f8462beee9d2cd5f3bc8783a4b825000cc6052132dd7d2d4", "ticker": "AAPL"}
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{"content_hash": "b6e2d3e41510b9b38b2cbeefe5411b21d1c4a5b4610ee2d8b5ee2eeac1a377a5", "created_at": "2026-06-29T12:42:56.934627", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1115", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 139 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b6e2d3e41510b9b38b2c", "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\": \"2026-06-29T12:42:56.934627\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 139 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\": \"2026-06-29T12:42:56.915194\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 139 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1115, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "613db06a7e00adef00d25ae3433fe375ef70859f68dcd6c22726e9457264b970", "ticker": "AAPL"}
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{"content_hash": "762571127c30bda1b53284f0d225a5d3e6e754e1ffd221cf38b3dfdf4ee71a6e", "created_at": "2026-06-29T13:23:46.588327", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1119", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 141 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-762571127c30bda1b532", "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\": \"2026-06-29T13:23:46.588327\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 141 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\": \"2026-06-29T13:23:46.569600\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 141 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1119, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6bbff20c68b2b0824caba87b21e124be6219165be1cbb522c67bdad7245e6fe0", "ticker": "AAPL"}
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{"content_hash": "27bced56e7dd7c2a867fc4fd1d0a156e70bb91c4fd751b79ad66a909a9258e5b", "created_at": "2026-06-29T13:44:16.077134", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1121", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 141 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-27bced56e7dd7c2a867f", "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\": \"2026-06-29T13:44:16.077134\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 141 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\": \"2026-06-29T13:44:16.069653\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 141 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1121, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d62052edfa60d810a587c846d2f3dae40eb3f5acf9a9057eaa74420815326a99", "ticker": "AAPL"}
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{"content_hash": "6fcd729284dbc3aca059377beb310262f133ebbf8982aae3ec7825782c6f1d16", "created_at": "2026-06-29T14:04:02.008998", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1123", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 140 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6fcd729284dbc3aca059", "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\": \"2026-06-29T14:04:02.008998\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 140 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\": \"2026-06-29T14:04:01.993316\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 140 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1123, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a33672d3400ca117e48fd0ee2f6aa86ffb8fad75a91f7e981b1f13219605c43f", "ticker": "AAPL"}
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{"content_hash": "54068d7144367422eb1f43a0037b7303afb8fa79aa124e5d2f1a47abd7cf56df", "created_at": "2026-06-29T14:24:20.889868", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1125", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 137 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-54068d7144367422eb1f", "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\": \"2026-06-29T14:24:20.889868\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 137 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\": \"2026-06-29T14:24:20.884224\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 137 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1125, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "97ae1216711a138228fe444e3c89930f6c5244c58b45ea7e03c09c3a04fce62f", "ticker": "AAPL"}
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{"content_hash": "9d4ad6770e866858c0343eedbb1e7d312dfd8aad168e6cd1bfb68317b7bad98b", "created_at": "2026-06-29T14:44:37.996872", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1129", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 137 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9d4ad6770e866858c034", "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\": \"2026-06-29T14:44:37.996872\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 137 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\": \"2026-06-29T14:44:37.991852\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 137 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1129, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "dd11f3c0a6437fa1453abafb63df15f034031eacf2ff0c7533127a0312123d09", "ticker": "AAPL"}
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{"content_hash": "57c6c0a616ee37165456df13bb388fe9cfebde99f3864c931c2c2d71768906ec", "created_at": "2026-06-29T15:05:20.972096", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1131", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 137 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-57c6c0a616ee37165456", "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\": \"2026-06-29T15:05:20.972096\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 137 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\": \"2026-06-29T15:05:20.966052\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 137 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1131, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d317cdb13a67eb65a207bbf152b8f12f22e9682cf331906343107581af0e8103", "ticker": "AAPL"}
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{"content_hash": "e47fdd7f9d92984ee0f0a831bd1ed43313c2c3f7900f061d930b8ad5c1c1cac2", "created_at": "2026-06-29T15:25:48.683772", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1135", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 138 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-e47fdd7f9d92984ee0f0", "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\": \"2026-06-29T15:25:48.683772\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 138 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\": \"2026-06-29T15:25:48.679307\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 138 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1135, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4949674a0694c9791cb07fd5410df046f47e10592b0a5f69db8df97360953460", "ticker": "AAPL"}
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{"content_hash": "7748e3832745847ea1b8980f6f24da1ffb40fea8f960eab20cf9cffafb40d2a6", "created_at": "2026-06-29T15:46:15.347865", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1137", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 137 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-7748e3832745847ea1b8", "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\": \"2026-06-29T15:46:15.347865\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 137 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\": \"2026-06-29T15:46:15.343033\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 137 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1137, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a606696c8ae4581a92624570a29e72d704af019750aafbb6be4c37f9c2977a1d", "ticker": "AAPL"}
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{"content_hash": "17f79be4bdabcdd5d386683c7f35c27b5854fe06cf0ded51826d3e633d96fc0e", "created_at": "2026-06-29T16:26:59.402076", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1141", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 144 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-17f79be4bdabcdd5d386", "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\": \"2026-06-29T16:26:59.402076\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 144 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\": \"2026-06-29T16:26:59.396665\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 144 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1141, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a3c88e939c0c00a8b92c109d023271b826a4b5c0ebf0e14d431663f15d4c5682", "ticker": "AAPL"}
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{"content_hash": "3c9d3c3c3dc5cc190451dd22ab46c86a69aad92314850d78172fb1585dca6c77", "created_at": "2026-06-29T17:07:17.053212", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1145", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3c9d3c3c3dc5cc190451", "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\": \"2026-06-29T17:07:17.053212\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"2026-06-29T17:07:17.032384\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1145, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "22c1ef995888af724b7d1fe01fbc628d2c30ed251f43b683b96d3d08b52990a7", "ticker": "AAPL"}
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{"content_hash": "1cf20820e4bf72f110a51237a4f8fcd8f04e71526281292caa8f3fd5fefb7c25", "created_at": "2026-06-29T17:47:35.390671", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1151", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 149 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-1cf20820e4bf72f110a5", "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\": \"2026-06-29T17:47:35.390671\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 149 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\": \"2026-06-29T17:47:35.386939\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 149 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1151, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8a9d0df362efe7b702de2bf4f09f3824c4d95d8568091be5f9d89ba8bafe1ada", "ticker": "AAPL"}
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{"content_hash": "213d3c88d6276004551d5fde8535d299570d20234f314e2fe7da295aef254bfb", "created_at": "2026-06-29T18:48:16.255921", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1159", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-213d3c88d6276004551d", "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\": \"2026-06-29T18:48:16.255921\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 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\": \"2026-06-29T18:48:16.244736\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1159, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9fd82129e6daedcf64a6e385c7087abbe5fe14d88909ebfb204f7fed15fb39da", "ticker": "AAPL"}
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{"content_hash": "bd416f270f1dcadfa0adaea4e7f9369a9d38b59ecde1ac6fa0e80a7784bddccc", "created_at": "2026-06-29T19:28:50.461787", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1163", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-bd416f270f1dcadfa0ad", "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\": \"2026-06-29T19:28:50.461787\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 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\": \"2026-06-29T19:28:50.457550\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1163, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "93fb2bb1e2dc1f2ddf4069c21884df26028791c3351a511db0fc05adf47a9d43", "ticker": "AAPL"}
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{"content_hash": "3c0a4f4af6ad561e69c1c8597e65597373c511c5ad8505bb3c7f79554e649747", "created_at": "2026-06-29T20:51:22.147526", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1169", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 149 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3c0a4f4af6ad561e69c1", "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\": \"2026-06-29T20:51:22.147526\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 149 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\": \"2026-06-29T20:51:22.138912\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 149 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1169, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8e2bb5d481a08c3ba1ec39175ceccb55a8f8303ca0d2bfa699c1b4ee005cb325", "ticker": "AAPL"}
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{"content_hash": "442b47adcb656991d874b3b0a3645a79ac89fc1b7ebda2bdd604c4b81cfab5a5", "created_at": "2026-06-29T21:11:12.333663", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1171", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-442b47adcb656991d874", "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\": \"2026-06-29T21:11:12.333663\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"2026-06-29T21:11:12.328769\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1171, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "aceaa51b282ac76dd1708d9811320bedd9b8ab0938bada094715285d2ca8087c", "ticker": "AAPL"}
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{"content_hash": "53e32cb3e54ac945db928e3a50825684261be431e784728526990c871bb3dd63", "created_at": "2026-06-29T21:31:23.475508", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1175", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 148 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-53e32cb3e54ac945db92", "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\": \"2026-06-29T21:31:23.475508\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 148 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\": \"2026-06-29T21:31:23.471741\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 148 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1175, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ca451bd896348267eeb2567a9cc7173b783de5f1f282e5b14d4f7f5d34da9c89", "ticker": "AAPL"}
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{"content_hash": "d58a66de65711dc07522c7db1eb82c5c55314c7b2603cd23d1e97c3701b98d44", "created_at": "2026-06-29T21:51:42.431109", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1177", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 149 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-d58a66de65711dc07522", "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\": \"2026-06-29T21:51:42.431109\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 149 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\": \"2026-06-29T21:51:42.424347\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 149 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1177, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "35f9405ef662aee415ca828669617c8d595f12d5d4f081c19112dc37c451f73f", "ticker": "AAPL"}
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{"content_hash": "fbe4221b30ff83063d47719d29491a81c9aaad06e0794265362ed497fedede74", "created_at": "2026-06-29T23:13:59.369400", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1187", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 150 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-fbe4221b30ff83063d47", "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\": \"2026-06-29T23:13:59.369400\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 150 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\": \"2026-06-29T23:13:59.363830\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 150 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1187, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "cfae21e2da3a55cfaeafe368c967c63aced35e18d1da4a883f91981ef297d508", "ticker": "AAPL"}
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{"content_hash": "2df31ea91865eec5725ee0d8d34d52e4468bec001fc2ebb721cc2d23eee73e17", "created_at": "2026-06-29T23:33:57.978020", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1189", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2df31ea91865eec5725e", "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\": \"2026-06-29T23:33:57.978020\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 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\": \"2026-06-29T23:33:57.972655\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1189, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "14f8b191b37634e0be9d22eb5e891be01dbee2f915d70306fb41d414b61dd554", "ticker": "AAPL"}
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{"content_hash": "6a6883d2ac8896f9f4d717ebf432ad084fd3e36f431daf7ae922c3005d880431", "created_at": "2026-06-29T23:54:31.492936", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1191", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6a6883d2ac8896f9f4d7", "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\": \"2026-06-29T23:54:31.492936\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-29T23:54:31.488229\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.3 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1191, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b41e46edec52760907d284b166b399f59020226cc6cb76619022b4091576cfc4", "ticker": "AAPL"}
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{"content_hash": "4c0eececdae40db5f25f57be2a8744c73851e99e3ebcedc2836f2247af6dbb4c", "created_at": "2026-06-30T01:15:53.114582", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1203", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4c0eececdae40db5f25f", "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\": \"2026-06-30T01:15:53.114582\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T01:15:53.110250\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1203, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9cf7931aabe315d8009f1b431a809ff78731c161ff59e671b9ef166fd8e894f0", "ticker": "AAPL"}
{"content_hash": "46394dab67f910f95bd1779325976dacaf2e1bd55722f30dafc1bb32a2e28bb3", "created_at": "2026-06-30T01:36:23.638377", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1205", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-46394dab67f910f95bd1", "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\": \"2026-06-30T01:36:23.638377\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T01:36:23.634563\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 266.33.\", \"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 Neutral research setup with Blum score 60.4 and thesis conviction 60.2/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 266.33.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1205, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ab781f9d061c6e75643b091c2317856efe5860560a0b18524b459e3fe00a40d7", "ticker": "AAPL"}
{"content_hash": "ea19862ff1d956600eddbe2e05e9b14f492d7e896dc05b0079bd808cd8f011cb", "created_at": "2026-06-30T02:18:00.139593", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1209", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ea19862ff1d956600edd", "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\": \"2026-06-30T02:18:00.139593\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T02:18:00.135173\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1209, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e730f6502242060ee83128c9d59e560ce44c35d354f6c3a7f4a48edfdc5ebb95", "ticker": "AAPL"}
{"content_hash": "5dbba052512d0c05b1bb9095e35042bd3e6478d131be7ebf4f5f361efaf451be", "created_at": "2026-06-30T02:59:01.860068", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1213", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5dbba052512d0c05b1bb", "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\": \"2026-06-30T02:59:01.860068\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T02:59:01.855558\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1213, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "eb87d73b55d3764e47b9f547318779fc01c9ed0775c92e486e084e5474bc0116", "ticker": "AAPL"}
{"content_hash": "5e6b537719966db37fdf965bb311fa9aa083966aee860918ea53315e19dfc6d7", "created_at": "2026-06-30T03:19:20.420238", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1215", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5e6b537719966db37fdf", "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\": \"2026-06-30T03:19:20.420238\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T03:19:20.415864\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1215, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c70f1068ac8534af399a174ab550dd9a806fd8899be3e2d775af913b8b575881", "ticker": "AAPL"}
{"content_hash": "b41b25e50a3adcfb3c843198786cd0979684d342721166196637421227ba2929", "created_at": "2026-06-30T03:39:32.867465", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1217", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b41b25e50a3adcfb3c84", "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\": \"2026-06-30T03:39:32.867465\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T03:39:32.863345\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1217, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "80c45b57c8dcf9a3cd2109b92e973c7d47b7e62363c089128a5b9745a27bff01", "ticker": "AAPL"}
{"content_hash": "75a7fed43ed67e5578723d7eab676b79d7b056f1e7cd4a8942c505f476de96e1", "created_at": "2026-06-30T03:59:26.669008", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1219", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-75a7fed43ed67e557872", "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\": \"2026-06-30T03:59:26.669008\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T03:59:26.663150\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1219, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "0b91ed37dcb5fff119193b67e9e3382b142352c7ff41646d077bf32df91475e5", "ticker": "AAPL"}
{"content_hash": "4063983cb6fe6ee74827e022bf2f46b24b4acab1b1d4d663283ee60fe3ff6186", "created_at": "2026-06-30T04:19:59.403397", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1223", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4063983cb6fe6ee74827", "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\": \"2026-06-30T04:19:59.403397\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T04:19:59.398260\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.6 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1223, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b7a3b9623302febe3633fa81371b4fbb9b5a513b7871c36def15ae3b39cae65f", "ticker": "AAPL"}
{"content_hash": "723f088629791a98460ce18181d2b48ac4f191dd91229869c6047f3cbcddbc98", "created_at": "2026-06-30T04:40:21.915976", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1225", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-723f088629791a98460c", "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\": \"2026-06-30T04:40:21.915976\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T04:40:21.910510\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1225, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "eacdbc7cecfea8eb58a13c9bc9ffdadff8f5cd3de16024ed6c60c43c5e24c369", "ticker": "AAPL"}
{"content_hash": "2a9ce49892658bb005daff3d61553d2779b25e2e0dee7b5f837ad71c4d50a4d7", "created_at": "2026-06-30T05:01:05.938326", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1229", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2a9ce49892658bb005da", "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\": \"2026-06-30T05:01:05.938326\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T05:01:05.933534\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1229, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "2ed3d002542c32864dae3358709cdd50ffb5e83507530b7167867d66661ba590", "ticker": "AAPL"}
{"content_hash": "3f0a8b379139e7f3aa7cd0b6f428b9020e8a743bf899b510929f34fa49e612f9", "created_at": "2026-06-30T06:27:15.850443", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1235", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 157 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3f0a8b379139e7f3aa7c", "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\": \"2026-06-30T06:27:15.850443\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 157 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\": \"2026-06-30T06:27:15.800300\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 157 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1235, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "cb842ec7a69e381886716830eed9b138e8ececaacd7c3ec1e8b2ab0c78ac750a", "ticker": "AAPL"}
{"content_hash": "a84056af367e977b8697dce026b597ce0272297736a3a9751bcac5f9e352eb97", "created_at": "2026-06-30T07:07:53.068443", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1237", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 157 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a84056af367e977b8697", "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\": \"2026-06-30T07:07:53.068443\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 157 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\": \"2026-06-30T07:07:53.042140\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 157 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1237, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8d2bf7d3e6afe10567b2e009c72f923210d8f771bfefc2097f06903bfbf36751", "ticker": "AAPL"}
{"content_hash": "fb53aca4bff38d555676a76b5e1c365e2ad82893afd6cc0e000b075eea119767", "created_at": "2026-06-30T07:28:22.654017", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1241", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-fb53aca4bff38d555676", "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\": \"2026-06-30T07:28:22.654017\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T07:28:22.644986\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1241, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "41226d1087abcecf15a84da584c75d63b72bc18190c67ee8dbdb7eb6c424f995", "ticker": "AAPL"}
{"content_hash": "7f5c836689a35df5ad84d9ec854c055b260716d5cecca0e01d3538f89184b2c2", "created_at": "2026-06-30T08:09:33.506229", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1245", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-7f5c836689a35df5ad84", "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\": \"2026-06-30T08:09:33.506229\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T08:09:33.495732\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1245, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6b704659fbc59f0a0c0bafb6b655269f1cce2949b0a23763bc7cd652e6259131", "ticker": "AAPL"}
{"content_hash": "15aeda32f117932160ef17a3aa728a85f0c9800922a20da8e86d5e9c77d0d293", "created_at": "2026-06-30T09:09:34.909016", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1249", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-15aeda32f117932160ef", "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\": \"2026-06-30T09:09:34.909016\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 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\": \"2026-06-30T09:09:34.883256\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 156 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1249, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5078d96f255487af6bc20655a26dcf5f783ec98bdde296e2832b195ae3f4a14f", "ticker": "AAPL"}
{"content_hash": "b34908d757cd617e2bbf6da00c01c5c2d685476f8a49cb6d9b52c3ead42779ea", "created_at": "2026-06-30T09:29:51.819176", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1251", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b34908d757cd617e2bbf", "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\": \"2026-06-30T09:29:51.819176\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 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\": \"2026-06-30T09:29:51.806009\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1251, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "902efeae8106da4432738ffeb576f92469eb07a114d3fa6e4e1ef50790fd8c99", "ticker": "AAPL"}
{"content_hash": "219e910fae9f85407164f8506c59d04aa31756b183c34d3bb5adc4308c356b5a", "created_at": "2026-06-30T10:32:57.337985", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1253", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 151 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-219e910fae9f85407164", "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\": \"2026-06-30T10:32:57.337985\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 151 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\": \"2026-06-30T10:32:57.232308\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 151 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1253, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "071391ce7c7d1c2c9e555d7ab69769dad803f4725a9f15c9af16b02e62352e69", "ticker": "AAPL"}
{"content_hash": "81588925a8626080cb2d1f456dbc08f8466bb1b447aa721ba124d74c704e81b2", "created_at": "2026-06-30T12:02:06.458405", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1257", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-81588925a8626080cb2d", "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\": \"2026-06-30T12:02:06.458405\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 152 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\": \"2026-06-30T12:02:06.414431\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 152 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1257, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "808fc9a12f6bfbf00f0ca97de89c3a5c94a01ad83c54d6d0f50b47f5c42231da", "ticker": "AAPL"}
{"content_hash": "3656f0a2ef2560a9ef9bad1b812af479a093b7a204e68c09d8a175421001ad7e", "created_at": "2026-06-30T12:43:50.714361", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1259", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3656f0a2ef2560a9ef9b", "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\": \"2026-06-30T12:43:50.714361\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T12:43:50.701732\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1259, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b72ed786ab860f49caf4cdbea81fd15cd8ca1124caf6351bf930e661626af0fb", "ticker": "AAPL"}
{"content_hash": "257175889d508e45fbf86861f45683fd621b86d949cea35cf521bcc3d0c4f01d", "created_at": "2026-06-30T13:23:56.427400", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1263", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.07.", "News flow is active with 153 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-257175889d508e45fbf8", "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\": \"2026-06-30T13:23:56.427400\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.07.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 153 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\": \"2026-06-30T13:23:56.401003\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.07.\", \"News flow is active with 153 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.9 and thesis conviction 60.0/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.07. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1263, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "719dcf814e897ec9c3d45c9186a7599f11fefab0dfd1ef3875ee66de85c75e3c", "ticker": "AAPL"}
{"content_hash": "240a679e4309acc5cdbc13e8be06988b290636dd0f73de9e78e4f08d0ef4d236", "created_at": "2026-06-30T14:04:22.279791", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1267", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.07.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-240a679e4309acc5cdbc", "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\": \"2026-06-30T14:04:22.279791\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.07.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 155 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\": \"2026-06-30T14:04:22.256424\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.07.\", \"News flow is active with 155 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.9 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.07. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1267, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "489008422133bb3a51d09b7aca88adaf1da96b6880a49d5f7d45e1ce791a611d", "ticker": "AAPL"}
{"content_hash": "5ba695f64d8f385d9d92faa77321ee1ac20976af0562f0256064d8bc50fbfdaa", "created_at": "2026-06-30T14:45:54.476974", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1271", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.07.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5ba695f64d8f385d9d92", "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\": \"2026-06-30T14:45:54.476974\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.07.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T14:45:54.442004\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.07.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.9 and thesis conviction 60.1/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.07. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1271, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "73d79a91e87fe8e4bd6ee096ab8fee313780a26c554ab92492085955e26ce078", "ticker": "AAPL"}
{"content_hash": "baffe1dc5c4896966a87eddb9f81fa0a19c83c2caf715a2f8d42a216051e264e", "created_at": "2026-06-30T15:26:49.163448", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1275", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.06.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-baffe1dc5c4896966a87", "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\": \"2026-06-30T15:26:49.163448\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.06.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T15:26:49.135922\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.06.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.8 and thesis conviction 60.0/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.06. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1275, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "acdc0c5dea1ecc64259cc9c03e2af3eded2dc0e7505022218caa5a7d6ece041a", "ticker": "AAPL"}
{"content_hash": "13b7355310eb39cdcb50e241e4d8da337cfa87e5d697444e41ab93bc37ae4aae", "created_at": "2026-06-30T16:06:49.504952", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1279", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.05.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-13b7355310eb39cdcb50", "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\": \"2026-06-30T16:06:49.504952\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.05.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T16:06:49.489002\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.05.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.05. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1279, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "39229e151257aefc9e910599843b1d8d5bee43694eafb922f539c7e980ebadb6", "ticker": "AAPL"}
{"content_hash": "63543ccdf1a1f86eb209588adc58766ff403fede8eef2ab48514acd79fd497b1", "created_at": "2026-06-30T16:47:50.037961", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1283", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.04.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-63543ccdf1a1f86eb209", "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\": \"2026-06-30T16:47:50.037961\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.04.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 154 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\": \"2026-06-30T16:47:50.021656\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.04.\", \"News flow is active with 154 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.7 and thesis conviction 59.9/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.04. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1283, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "54ccbbd2c08575c2d5b32c86e1f72068a3d53f735762a6d78ea819970720a9e6", "ticker": "AAPL"}
{"content_hash": "3f87e80110b98ba41dac5f53978ffd78258001abab2bb46fa8c0199db3f0c774", "created_at": "2026-06-30T17:48:33.774361", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1287", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3f87e80110b98ba41dac", "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\": \"2026-06-30T17:48:33.774361\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 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\": \"2026-06-30T17:48:33.760222\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 156 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.5 and thesis conviction 59.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1287, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "31fa10a2d4a9d6ecbc8e02e355ebc28d5c8b647b3979cd17e24015fddd6f9dfd", "ticker": "AAPL"}
{"content_hash": "ffd534a39999993f5d533127f7b4c4e53bf481a966559c3241c61a1ba4f8cf14", "created_at": "2026-06-30T18:28:36.453413", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1291", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 158 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ffd534a39999993f5d53", "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\": \"2026-06-30T18:28:36.453413\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 158 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\": \"2026-06-30T18:28:36.441760\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 158 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.6 and thesis conviction 59.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1291, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "62f02404233f72474c100d0258a2daec67bc89ca34dcc9241f54679fd37d5369", "ticker": "AAPL"}
{"content_hash": "82b3a9cb5217fad0995ce95d42064ef631f46628bc447d57c6a3e0c79ea746fc", "created_at": "2026-06-30T19:11:06.149401", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1295", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 158 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-82b3a9cb5217fad0995c", "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\": \"2026-06-30T19:11:06.149401\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 158 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\": \"2026-06-30T19:11:06.126421\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 158 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.6 and thesis conviction 59.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1295, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8a225ee32e18fa0a57ba6f52e29fb21d74d2550452d2073bd0051d21383578e8", "ticker": "AAPL"}
{"content_hash": "20e9111c6424e575d132e9add4c1919b53dd8636b4ebbb7d1c0c7916873827b1", "created_at": "2026-06-30T19:51:05.179790", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1299", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.02.", "News flow is active with 160 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-20e9111c6424e575d132", "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\": \"2026-06-30T19:51:05.179790\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.02.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 160 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\": \"2026-06-30T19:51:05.166600\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.02.\", \"News flow is active with 160 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.5 and thesis conviction 59.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.02. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1299, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7eb5452f071552f411a80ba90beb2da9cc94596469820a5108030d82945a7822", "ticker": "AAPL"}
{"content_hash": "4528995e0c2a1312e1157d5db2d776649814b2cbf73b267e2e12b088e6c73ad8", "created_at": "2026-06-30T20:53:18.814450", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1303", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 162 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4528995e0c2a1312e115", "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\": \"2026-06-30T20:53:18.814450\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 162 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\": \"2026-06-30T20:53:18.804608\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 162 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.6 and thesis conviction 59.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1303, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d4d572190c74562259d76e7538d94456781e9195fb247b5fbd521dec5f9166be", "ticker": "AAPL"}
{"content_hash": "f1c1f6866ed8ebfb17e219152a0f97a2207a993646e7c5c8cb18da002f16b1c8", "created_at": "2026-06-30T21:32:50.227716", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1307", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 161 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-f1c1f6866ed8ebfb17e2", "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\": \"2026-06-30T21:32:50.227716\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 161 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\": \"2026-06-30T21:32:50.218788\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 161 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.6 and thesis conviction 59.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1307, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1d67bddcc55069e85a706ba462778a9405a01af8dea4ccaea3b06275c0dbd62d", "ticker": "AAPL"}
{"content_hash": "a6041628f1fadb0d03e3c56c057752f5799bfd702787083be93f83cd3da65924", "created_at": "2026-06-30T22:14:55.425179", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1311", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 162 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a6041628f1fadb0d03e3", "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\": \"2026-06-30T22:14:55.425179\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 162 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\": \"2026-06-30T22:14:55.404398\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 162 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.5 and thesis conviction 59.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1311, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f2ce21f650ca337cf360b33d69432c6401c8376aec92e0690625b22ca24674e8", "ticker": "AAPL"}
{"content_hash": "58a2e7904bb1834f8a95677d27bfb204161829f2347249150ca8aa669e762e5f", "created_at": "2026-06-30T22:54:58.399800", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1315", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.02.", "News flow is active with 162 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-58a2e7904bb1834f8a95", "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\": \"2026-06-30T22:54:58.399800\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.02.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 162 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\": \"2026-06-30T22:54:58.363367\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.02.\", \"News flow is active with 162 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.5 and thesis conviction 59.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.02. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1315, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e65ad5b52f6fb18ade773da5e03df7c5e52a9af711aec2d2ddfb83caf03585ed", "ticker": "AAPL"}
{"content_hash": "2e34c2f32f2ea98408c31a693917d28a36a915b6860781ba93156de117343869", "created_at": "2026-06-30T23:35:57.711232", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1319", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 163 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2e34c2f32f2ea98408c3", "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\": \"2026-06-30T23:35:57.711232\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 163 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\": \"2026-06-30T23:35:57.695053\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 163 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 267.16.\", \"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 Neutral research setup with Blum score 55.5 and thesis conviction 59.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 267.16.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1319, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6ca4a9e889e5b319a22853076da02da4ce44d154cf9d5e62dee59c46cbd4f6ea", "ticker": "AAPL"}
{"content_hash": "c8db61acf12230d97b1dd88262dd11187dc2da6c7fe6861414911199cfa54011", "created_at": "2026-07-01T14:56:57.146525", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1377", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 177 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c8db61acf12230d97b1d", "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\": \"2026-07-01T14:56:57.146525\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 177 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\": \"2026-07-01T14:56:57.131879\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 177 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1377, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a0aa1aa5d83a72372580d32efa8995e8a86c3cf1109b2c2442bc154b0fe81375", "ticker": "AAPL"}
{"content_hash": "c9053f73494de67a29660bc8ebf0670c176a0a80574ced37ad53b741529b71a2", "created_at": "2026-07-01T14:56:57.351240", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1378", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 112 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c9053f73494de67a2966", "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\": \"2026-07-01T14:56:57.351240\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 112 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T14:56:57.341851\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 112 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.1 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1378, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "658ef30d84190de94919640abe4e4f2bc30caa4544f26e66acfb7896b9e58ce1", "ticker": "AMAT"}
{"content_hash": "c8e6770cf98ece2885329ba3f8d9b811e403842ee0d23210d71a188cde193b62", "created_at": "2026-07-01T15:17:27.590561", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1381", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 178 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c8e6770cf98ece288532", "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\": \"2026-07-01T15:17:27.590561\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 178 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\": \"2026-07-01T15:17:27.583395\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 178 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1381, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9a1f7f005414778ffab7ce52b5f0bcc39e4e09d3649dc77772cdf488c75fbf7b", "ticker": "AAPL"}
{"content_hash": "cf94219a574abfde7bc07726f21b9555aea2f84834ecb6e670c78c7350592dd6", "created_at": "2026-07-01T15:17:27.782775", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1382", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 112 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-cf94219a574abfde7bc0", "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\": \"2026-07-01T15:17:27.782775\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 112 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T15:17:27.774628\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 112 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.1 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1382, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c5e42d950fdf951b554cb7a7d096c836aec757e6a3c7d4c36699984663e044df", "ticker": "AMAT"}
{"content_hash": "a90d2befa75f48289bd2014df1f314cbbd55afaa3fbc941bd3a776981339e5de", "created_at": "2026-07-01T15:37:59.711085", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1383", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 179 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a90d2befa75f48289bd2", "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\": \"2026-07-01T15:37:59.711085\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 179 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\": \"2026-07-01T15:37:59.689888\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 179 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1383, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "bf6e688517ccab9b018a63abfe00cffb5d0947c33f30e97c06cf0d2a9cea6197", "ticker": "AAPL"}
{"content_hash": "b9894310ad02633b221f7a9e137e4dd05b921bf65604550e58cdc0e04985df26", "created_at": "2026-07-01T15:38:00.002589", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1384", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 112 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-b9894310ad02633b221f", "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\": \"2026-07-01T15:38:00.002589\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 112 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T15:37:59.989866\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 112 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.1 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1384, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "12ecf7ed6c29ef1e5bfd5cb7e4295057d168921b6ee2e6d18a1142eea9d2cdc5", "ticker": "AMAT"}
{"content_hash": "635d952e1ffecd628a9414ad5bac16844317bc4ac9ddeaf9119216e1fcf3fdfc", "created_at": "2026-07-01T15:58:31.622741", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1387", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 179 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-635d952e1ffecd628a94", "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\": \"2026-07-01T15:58:31.622741\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 179 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\": \"2026-07-01T15:58:31.613781\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 179 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1387, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9ba138811e86c962b038f5aad2403110139201ff16a064e5579cbbf617ea86e5", "ticker": "AAPL"}
{"content_hash": "7aa3448f21b50cbc399611d527d6c16e8aadbce13eed56db6f88cc28599d4f52", "created_at": "2026-07-01T15:58:31.837471", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1388", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 112 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7aa3448f21b50cbc3996", "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\": \"2026-07-01T15:58:31.837471\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 112 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T15:58:31.831780\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 112 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.1 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1388, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "96a50df51ca5f84e9658f6c1de6e737b15ffa975671d4e1774ba38e5de2ce8b7", "ticker": "AMAT"}
{"content_hash": "d6ada880795fa38cdb2888fd1afb3d5f1179d913add907f77ef543541b970ee8", "created_at": "2026-07-01T16:18:34.967850", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1389", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 179 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-d6ada880795fa38cdb28", "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\": \"2026-07-01T16:18:34.967850\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 179 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\": \"2026-07-01T16:18:34.959952\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 179 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1389, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "471b6a7e8a93f144a450626282be438815e0c95cd1ec8f49650eaccdc5ced6bf", "ticker": "AAPL"}
{"content_hash": "da5cdbc8c6775df11955372d72d640f3806702ddc7597444b4766fb7d2562123", "created_at": "2026-07-01T16:18:35.159994", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1390", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 113 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-da5cdbc8c6775df11955", "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\": \"2026-07-01T16:18:35.159994\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 113 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T16:18:35.152850\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 113 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1390, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e1e5e07ba0ab42d049f33662993e1703810ed481b29d4ab00365fdab45ef098b", "ticker": "AMAT"}
{"content_hash": "5d9846c48a0d2b59495949071318f8537957ac0a2516ce9d86b620c6753908f1", "created_at": "2026-07-01T16:59:18.800556", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1393", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 183 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5d9846c48a0d2b594959", "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\": \"2026-07-01T16:59:18.800556\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 183 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\": \"2026-07-01T16:59:18.786281\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 183 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1393, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "34f202ffd32df92b0bfbf6763de72fe2633518a35729655e939ce8e89a5d7d44", "ticker": "AAPL"}
{"content_hash": "eae0c32cc4234b43c3c70738e2ba3ee3bb9492e4d124520d30f53ea6e0689228", "created_at": "2026-07-01T16:59:19.063945", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1394", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 113 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-eae0c32cc4234b43c3c7", "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\": \"2026-07-01T16:59:19.063945\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 113 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T16:59:19.051752\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 113 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1394, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e9ba06f0481ac79b40ec2e9405cd18bd03205a06fa2436c2bfd01c7049f00233", "ticker": "AMAT"}
{"content_hash": "4687fea7088bef8c6c0f4708c8f960bfea7832cfc76e90ba84c1b1f2bae171e7", "created_at": "2026-07-01T17:19:33.704007", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1395", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 183 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4687fea7088bef8c6c0f", "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\": \"2026-07-01T17:19:33.704007\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 183 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\": \"2026-07-01T17:19:33.697602\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 183 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1395, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f89be89e562a41aa7d14b8a26b2b2b2c297f79f330d3c9d4f263529d89dc9722", "ticker": "AAPL"}
{"content_hash": "98225ece783f4271ab6937a1a5b86a6789b5ea37761040ad7433c6da96021f85", "created_at": "2026-07-01T17:19:33.880300", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1396", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 113 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-98225ece783f4271ab69", "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\": \"2026-07-01T17:19:33.880300\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 113 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T17:19:33.873898\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 113 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1396, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "695e1cd4fe6cee2bd57e74a519ba009122d08638cd3c9492fedbd7afe47dc22a", "ticker": "AMAT"}
{"content_hash": "a521f824a5aebd277ab91c2cbb264cb2f420766592cf8a5d6b39a842e25ee228", "created_at": "2026-07-01T17:40:21.538166", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1397", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 183 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a521f824a5aebd277ab9", "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\": \"2026-07-01T17:40:21.538166\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 183 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\": \"2026-07-01T17:40:21.522796\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 183 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1397, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "310be7ac7dfb8d8086fa5fa9aa3b51e8dd88a145d37177b17259ce21d84fcb6e", "ticker": "AAPL"}
{"content_hash": "5d9d90768b178e73ea881e166d36a529baae384d879fc5fdcdea757d22c51cf4", "created_at": "2026-07-01T17:40:21.812700", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1398", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 113 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-5d9d90768b178e73ea88", "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\": \"2026-07-01T17:40:21.812700\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 113 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T17:40:21.803223\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 113 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1398, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1b7540bd10adc3bf1d352705090ffa80195647f6e0001444911311733279cd8a", "ticker": "AMAT"}
{"content_hash": "f04601079484c2935e30efdb72029f898bfe06df93d3468da57b020e0054fe4b", "created_at": "2026-07-01T18:00:36.152849", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1399", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 184 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-f04601079484c2935e30", "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\": \"2026-07-01T18:00:36.152849\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 184 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\": \"2026-07-01T18:00:36.135363\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 184 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1399, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6fe9d718bfde8520e1986bfcabd01b70bef5df6d62702038a42887eeb59f6338", "ticker": "AAPL"}
{"content_hash": "b2f664bd61d366ffd77ceea29f5da3eb69d0394c1a9db447b60ee86d4b7078fb", "created_at": "2026-07-01T18:00:36.502731", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1400", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 114 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-b2f664bd61d366ffd77c", "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\": \"2026-07-01T18:00:36.502731\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 114 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T18:00:36.478303\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 114 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1400, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "bd6044aaa618ec20cb8faf6631650e445a60a2e9e4b0c5fcb4c1f8eb7660883c", "ticker": "AMAT"}
{"content_hash": "f504c9db044f15159e716e11aa6c677b172c7d1cad71c64a8f2284199a4c524b", "created_at": "2026-07-01T18:20:45.020234", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1403", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 184 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-f504c9db044f15159e71", "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\": \"2026-07-01T18:20:45.020234\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 184 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\": \"2026-07-01T18:20:45.007291\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 184 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1403, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f94f36689d54222df1e4650cb7393eefc816c649a56270b31aa35fc2607d5a39", "ticker": "AAPL"}
{"content_hash": "3ba803582da92cc98fba92d36ffe8a6e3ced4a96aab80ce3b342d575247f3658", "created_at": "2026-07-01T18:20:45.393522", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1404", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 114 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-3ba803582da92cc98fba", "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\": \"2026-07-01T18:20:45.393522\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 114 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T18:20:45.372876\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 114 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.7/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1404, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "249cf6d9b1c542c143eb31da947ed2b5ca0de9cb8fe3b5b05b2cacc9e37f635a", "ticker": "AMAT"}
{"content_hash": "0bf9fbef9792c239e07e2ab8ac60cbeaf3d853f51cf7aa06602503187f357e08", "created_at": "2026-07-01T18:41:17.049120", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1405", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 185 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-0bf9fbef9792c239e07e", "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\": \"2026-07-01T18:41:17.049120\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 185 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\": \"2026-07-01T18:41:17.033594\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 185 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.3 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1405, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6fe0a09c31036d9d7bddc5b84a2ca2bb8ab0b1607ec5461adaa3ea3075fbc89e", "ticker": "AAPL"}
{"content_hash": "4a2db7ec2d98df920ef0c4ec614fac9ef4b5dfca640b045a9af65f7a32922bd8", "created_at": "2026-07-01T18:41:17.306346", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1406", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 115 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-4a2db7ec2d98df920ef0", "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\": \"2026-07-01T18:41:17.306346\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 115 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T18:41:17.292116\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 115 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1406, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "97ec08ad39a9f95db2a3757b67b041072c9da33119a7322fa3a3b4c88c60812a", "ticker": "AMAT"}
{"content_hash": "330970d0d098d4423db9e05e2a5bc8375345436c9146e9b9ec9ce90f65ace081", "created_at": "2026-07-01T19:01:21.099577", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1409", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 186 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-330970d0d098d4423db9", "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\": \"2026-07-01T19:01:21.099577\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 186 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\": \"2026-07-01T19:01:21.094309\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 186 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.3 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1409, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "63c33cec9080fee4b54c3bcf4ee3dc2ce3efaa64ec05bc16e4896ae39f79855b", "ticker": "AAPL"}
{"content_hash": "ee1614f87ffe0b9c454b9b388ac15cdf2979d6d3ae87309e066be2f55bd190e1", "created_at": "2026-07-01T19:01:21.307315", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1410", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 115 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-ee1614f87ffe0b9c454b", "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\": \"2026-07-01T19:01:21.307315\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 115 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T19:01:21.299536\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 115 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1410, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d6e6dc1240ddee434acb22f01cf573093c02acce6e3d2fa39a5ab89fce389c2a", "ticker": "AMAT"}
{"content_hash": "94be243130fe7fee4ebdb1505792dfe5a5d46d6fbb2b6897ae1b99d94f2a7e86", "created_at": "2026-07-01T19:21:55.069592", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1411", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 188 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-94be243130fe7fee4ebd", "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\": \"2026-07-01T19:21:55.069592\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 188 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\": \"2026-07-01T19:21:55.042272\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 188 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1411, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "053597ba4b11ff94fe1f9af17c8e2c3fcf6745ec403535fa7cd8e8574baeda79", "ticker": "AAPL"}
{"content_hash": "3fca42b021b13fbd7e83bced9606777e967f61afa5ac05d2e2e117a0f6a5d1a0", "created_at": "2026-07-01T19:21:55.371066", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1412", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 115 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-3fca42b021b13fbd7e83", "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\": \"2026-07-01T19:21:55.371066\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 115 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T19:21:55.348194\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 115 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1412, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "951c279e4db2ed1e68613a17962fe754f54b7a31985a9af3de2a2c8e5357fb5d", "ticker": "AMAT"}
{"content_hash": "923e0dfc0913d8a52b8d8a06d47564da13e01d9f7acb296c2e1eb8a73fe43ba6", "created_at": "2026-07-01T20:03:10.400471", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1415", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 189 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-923e0dfc0913d8a52b8d", "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\": \"2026-07-01T20:03:10.400471\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 189 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\": \"2026-07-01T20:03:10.367199\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 189 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1415, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "98781a9ac45d1548be56edacd8f4da142a974752a417fe6bc97ca0eefbb8959c", "ticker": "AAPL"}
{"content_hash": "c6e657326ecf701c51313e58cd5bd956337b863d91232832f6a41460e2c8623c", "created_at": "2026-07-01T20:03:10.819187", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1416", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.29.", "Price is above both SMA20 and SMA50.", "News flow is active with 116 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c6e657326ecf701c5131", "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\": \"2026-07-01T20:03:10.819187\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 116 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T20:03:10.803887\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 116 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1416, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5c098d86a7005cf1a76fdb3c5bcea58f6b3d8c3fcb5b837831b8f6e48b6ec6d6", "ticker": "AMAT"}
{"content_hash": "27520d2c5fd642d9a038acbb63e8e9218f126bafe57c8a8069f533d320f26e30", "created_at": "2026-07-01T20:23:53.006247", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1417", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 190 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-27520d2c5fd642d9a038", "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\": \"2026-07-01T20:23:53.006247\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 190 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\": \"2026-07-01T20:23:53.000150\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 190 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.3 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1417, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b16c5210980c33663d9bc7fc61cfbe17c7e94fa819b4bd8e7f68e89e4452dd23", "ticker": "AAPL"}
{"content_hash": "3b43c68ad513459cd25b0abced45a727f7e5ce935635d0c128dee7c5d398690b", "created_at": "2026-07-01T20:23:53.443296", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1418", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 117 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-3b43c68ad513459cd25b", "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\": \"2026-07-01T20:23:53.443296\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 117 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T20:23:53.421668\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 117 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1418, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "fa07c89d3f96fecacf57089479519be38c785b037fdd680e0aa4fafd9b668e84", "ticker": "AMAT"}
{"content_hash": "3f2fa3dda6a34b042da377ccbbb4ff863adad93b476a1ad4fbd38063cd008a1a", "created_at": "2026-07-01T20:44:08.879072", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1419", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 190 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3f2fa3dda6a34b042da3", "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\": \"2026-07-01T20:44:08.879072\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 190 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\": \"2026-07-01T20:44:08.870474\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 190 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.3 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1419, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1bb1c9ed8017ca0eafdf5494d83a0b6d3bc8ed842d8f1af384c79f267ce7ee0b", "ticker": "AAPL"}
{"content_hash": "db16510d406ad31086e981a82b10691f57ba7061a47d2a418facaf3a26ae261f", "created_at": "2026-07-01T20:44:09.109178", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1420", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 117 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-db16510d406ad31086e9", "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\": \"2026-07-01T20:44:09.109178\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 117 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T20:44:09.102383\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 117 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1420, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a123b2c2016e821e7fcd15af914bb88f7fb925afdb869b39357a1e7ecb93d9e8", "ticker": "AMAT"}
{"content_hash": "4bfe321d8bcffe1527b2f2b7c611161d7a473973bd39c0b44af691b15d276d81", "created_at": "2026-07-01T21:04:01.438081", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1421", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 190 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-4bfe321d8bcffe1527b2", "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\": \"2026-07-01T21:04:01.438081\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 190 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\": \"2026-07-01T21:04:01.421445\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 190 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.3 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1421, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "553e80febbc0b3c236c22df30590fa944a36fc8d2f758b669883bb075f4685e4", "ticker": "AAPL"}
{"content_hash": "7c60f04e59a581ebe55790ad74ada63fe8f108fe5db61226513ce064e89cb567", "created_at": "2026-07-01T21:04:01.766942", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1422", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 117 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7c60f04e59a581ebe557", "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\": \"2026-07-01T21:04:01.766942\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 117 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T21:04:01.752028\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 117 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1422, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3368e8b52fa24c6bb902c5c252e2e67055f3f6f05e87ed2c2d19f329347ea28c", "ticker": "AMAT"}
{"content_hash": "c1cc5fbbb853cc155c42a8f8a22ecfe32391596ad1b4a91b31d12b0c1cca066a", "created_at": "2026-07-01T21:23:45.483996", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1423", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 190 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c1cc5fbbb853cc155c42", "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\": \"2026-07-01T21:23:45.483996\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 190 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\": \"2026-07-01T21:23:45.477876\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 190 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.3 and thesis conviction 60.6/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1423, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8720b4493e96f85d5b83cd5536e45c269f9e4406cb01fe1e18058a75b4ba8d5c", "ticker": "AAPL"}
{"content_hash": "ffb74b7faaa5d711c1fce1a5357dcb8f1e04515df0a5209162c1a5e60c126d84", "created_at": "2026-07-01T21:23:45.676712", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1424", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 117 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-ffb74b7faaa5d711c1fc", "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\": \"2026-07-01T21:23:45.676712\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 117 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T21:23:45.660739\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 117 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1424, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "fc6964e622ce78d3d4364847b3c40872dc5c919b56edb1a88fc952c373663f07", "ticker": "AMAT"}
{"content_hash": "f3f353845699be1551e0331dd1ed3f2b7ff093caff062f43713c5df4e780362e", "created_at": "2026-07-01T21:44:10.135937", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1425", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 193 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-f3f353845699be1551e0", "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\": \"2026-07-01T21:44:10.135937\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 193 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\": \"2026-07-01T21:44:10.130945\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 193 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1425, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "dea3e4fc145fefeb5eed238b4f03d57365e9f8dd53aff3f52be84b578293c354", "ticker": "AAPL"}
{"content_hash": "a7dd66cce99ddbeba89f73f3a00d5f4de1e8737c6543bdd9909a4d8f76be20c4", "created_at": "2026-07-01T21:44:10.330351", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1426", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.30.", "Price is above both SMA20 and SMA50.", "News flow is active with 117 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-a7dd66cce99ddbeba89f", "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\": \"2026-07-01T21:44:10.330351\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 117 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T21:44:10.324341\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.30.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 117 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 77.0 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1426, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "fe7c7098a4dd78e45c97f5980bd6d63a025580662a10ccff25b9efddcb280daf", "ticker": "AMAT"}
{"content_hash": "91c226de2f0833ba136317f83444ff1a7478d7099d53b1b5899c687245054c64", "created_at": "2026-07-01T22:04:42.989987", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1429", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 193 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-91c226de2f0833ba1363", "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\": \"2026-07-01T22:04:42.989987\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 193 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\": \"2026-07-01T22:04:42.966876\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 193 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1429, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c14c5f7640f8a115091e3faaaa326da699caf7b0d7cecf9bf01c15326d201f19", "ticker": "AAPL"}
{"content_hash": "e10a665eb88de42ed99db03aa12dc3d440c51ba2f3773882c5cc81a55416f2aa", "created_at": "2026-07-01T22:04:43.296064", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1430", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.29.", "Price is above both SMA20 and SMA50.", "News flow is active with 119 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-e10a665eb88de42ed99d", "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\": \"2026-07-01T22:04:43.296064\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 119 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T22:04:43.286996\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 119 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 76.9 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1430, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "eea8f6a70b06210326c8453d218dcb1b5c082a8737436d31e5c0b0b5ee960ee2", "ticker": "AMAT"}
{"content_hash": "73c5c258b4fbca15df82ba668ba2ac5417d42f9cac27bd1b05795f5019eda165", "created_at": "2026-07-01T22:24:34.366541", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1431", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 193 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-73c5c258b4fbca15df82", "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\": \"2026-07-01T22:24:34.366541\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 193 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\": \"2026-07-01T22:24:34.353538\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 193 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1431, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7b31e647d89ea29e770e31088d0104efaf9fe71f509b7541a945324d62d3bca2", "ticker": "AAPL"}
{"content_hash": "f8e52b9e2c13ded01c36adeadbde458571adf4c0e822937f7bd57e23a04d92e0", "created_at": "2026-07-01T22:24:35.111735", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1432", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.29.", "Price is above both SMA20 and SMA50.", "News flow is active with 119 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-f8e52b9e2c13ded01c36", "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\": \"2026-07-01T22:24:35.111735\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 119 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T22:24:35.090447\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 119 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 76.9 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1432, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1756735694904ef6de1e280c2a3ff8d05bb46f210f66d3d1f269ec5e14074001", "ticker": "AMAT"}
{"content_hash": "54835a459a30a4988ee214ab477d1d1f56ee09b4565de6a36a8f5037bd2c5eff", "created_at": "2026-07-01T22:45:27.760443", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1435", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-54835a459a30a4988ee2", "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\": \"2026-07-01T22:45:27.760443\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 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\": \"2026-07-01T22:45:27.752471\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1435, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "02bb83b3166af8d6940fc04d65d00701ea14d932d845d4f0cac4ed3b73abe2a5", "ticker": "AAPL"}
{"content_hash": "618137562ea595112beddb8232b765126281e2541483740f3db6165041c6528c", "created_at": "2026-07-01T22:45:27.977190", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1436", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.29.", "Price is above both SMA20 and SMA50.", "News flow is active with 119 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-618137562ea595112bed", "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\": \"2026-07-01T22:45:27.977190\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 119 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T22:45:27.968836\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 119 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 76.9 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1436, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "eaf6bc2fbad735b6fb184a0524ea815c74355427446e6a55ba42cf976672d406", "ticker": "AMAT"}
{"content_hash": "6b76fd84cded4fd12de8e5bd6e0da694feb15be344e1c92858da1b1caeb537d4", "created_at": "2026-07-01T23:05:36.563802", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1437", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Sentiment confirms part of the thesis with 7D sentiment 0.03.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6b76fd84cded4fd12de8", "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\": \"2026-07-01T23:05:36.563802\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.03.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 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\": \"2026-07-01T23:05:36.551329\", \"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\": [\"Sentiment confirms part of the thesis with 7D sentiment 0.03.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 269.20.\", \"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 Neutral research setup with Blum score 58.2 and thesis conviction 60.5/100 in a Risk-Off regime. The working explanation is: Narrative activity is visible but has not yet translated into a decisive price move. Primary support: Sentiment confirms part of the thesis with 7D sentiment 0.03. 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 269.20.\", \"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": 72.72}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1437, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c9c217348a347bb5ff343058d91f7fe1985679ae66cd5abbbe2a8915200a5d3c", "ticker": "AAPL"}
{"content_hash": "6c933da8bfe61b3c42894898cd83a0a2876102b7900e959403002dc8eb9c1731", "created_at": "2026-07-01T23:05:37.007752", "evidence": {"contradicting": ["RSI is elevated, increasing the risk of crowded short-term momentum.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1438", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 100.0.", "Trend score is 95.7; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.29.", "Price is above both SMA20 and SMA50.", "News flow is active with 119 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-6c933da8bfe61b3c4289", "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\": \"2026-07-01T23:05:37.007752\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 100.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 95.7; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 119 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"RSI is elevated, increasing the risk of crowded short-term momentum.\"}, {\"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\": \"Breakout signal is discounted because the regime is defensive.\", \"timestamp\": \"2026-07-01T23:05:36.990422\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"RSI is elevated, increasing the risk of crowded short-term momentum.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 100.0.\", \"Trend score is 95.7; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.29.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 119 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 394.43.\", \"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 Technical Breakout research setup with Blum score 76.9 and thesis conviction 74.6/100 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 100.0. Main challenge: RSI is elevated, increasing the risk of crowded short-term momentum.\", \"what_would_change_the_view\": [\"Loss of support near 394.43.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.97}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1438, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "73a844b56b5bcdc64c64079ba5bee7ca4ce3ec25c83cf7bddee19c6affd1bc28", "ticker": "AMAT"}
{"content_hash": "3e0ceed24584d1a37c0f219d9a1f82f3f9afee59dc757fcbbaa067b34979a509", "created_at": "2026-07-04T15:21:09.180047", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1817", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 288 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3e0ceed24584d1a37c0f", "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\": \"2026-07-04T15:21:09.180047\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 288 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T15:21:09.156453\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 288 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1817, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "10a02871021de60a35dc08ec9fc8716a67b67bc92a359af039c41370a1138fc1", "ticker": "AAPL"}
{"content_hash": "ab4ed8f9752fe9227187fd056dee8813e33ae4dcf3bbd3644d853e86119818a7", "created_at": "2026-07-04T16:03:11.527272", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1821", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 288 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ab4ed8f9752fe9227187", "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\": \"2026-07-04T16:03:11.527272\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 288 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T16:03:11.502871\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 288 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1821, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "05cbd6e5e69a4cec2845ad76c95becd27f40f78bf9637608689b46cda86155cd", "ticker": "AAPL"}
{"content_hash": "17275acec1179a05a451f3fe1d12f526d87b791a8a2fece3bb92935344349f1a", "created_at": "2026-07-04T16:43:09.223463", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1825", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 289 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-17275acec1179a05a451", "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\": \"2026-07-04T16:43:09.223463\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 289 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T16:43:09.197000\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 289 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1825, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "cf05e9c83218ef47d9e517ec9344b52ed82938d404878defb7e0e2a79d09af3e", "ticker": "AAPL"}
{"content_hash": "9bc525e7f6330f132c1a8392cefa99e0e1560f332f74e3fc641f7172ddd558f1", "created_at": "2026-07-04T17:23:33.460211", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1829", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 292 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9bc525e7f6330f132c1a", "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\": \"2026-07-04T17:23:33.460211\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 292 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T17:23:33.429555\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 292 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1829, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b76b8015c4f88bccde18fc832373df4ad9d0254474e1041760e942e4a3dc9227", "ticker": "AAPL"}
{"content_hash": "d66028820b24be035f66dd46766fbddea882987e5765056a6395dfa7e23113eb", "created_at": "2026-07-04T18:24:48.840024", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1833", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 292 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-d66028820b24be035f66", "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\": \"2026-07-04T18:24:48.840024\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 292 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T18:24:48.832606\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 292 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1833, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3d5014f2b8eb6c328182792c757fb1ac50e7ab84530875f7616dd7a16ca8f775", "ticker": "AAPL"}
{"content_hash": "35dc784b0476e1a979a9dcffbf2e23aca101bb9c86cf63b26dbd6b8efed7ca5d", "created_at": "2026-07-04T19:06:52.497584", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1837", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 293 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-35dc784b0476e1a979a9", "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\": \"2026-07-04T19:06:52.497584\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 293 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T19:06:52.473210\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 293 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1837, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "86e7cba7f1e054ccb5088e884ea965a2c4c6f93e90a420dc1629b0bf9ed4d595", "ticker": "AAPL"}
{"content_hash": "44948c52126e00ae953e5629c05f0bd8a5c1e5e53bc7d74e488ef1e877b1089b", "created_at": "2026-07-04T19:46:52.898502", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1841", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 294 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-44948c52126e00ae953e", "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\": \"2026-07-04T19:46:52.898502\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 294 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T19:46:52.885406\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 294 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1841, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "161d1b4518067e1de29fa251a5c8749cec4f567ec9d47f2e8d187a2371447ba7", "ticker": "AAPL"}
{"content_hash": "5b82dd71e7aa255618ea545b43b0ffa23c5b9aab5869514d158005d051d6911b", "created_at": "2026-07-04T20:27:21.620420", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1845", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 294 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5b82dd71e7aa255618ea", "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\": \"2026-07-04T20:27:21.620420\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 294 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T20:27:21.603790\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 294 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1845, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ad88a90ed6d3b7d25b59f0b9ad4745bcd5df4a4bfea64b1b68ec820cd6121921", "ticker": "AAPL"}
{"content_hash": "801abe5a0e100bb2b65d9a5b826442b9d47af54fe5ea21bcf21f03b5d70df87e", "created_at": "2026-07-04T21:08:47.045926", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1849", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 295 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-801abe5a0e100bb2b65d", "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\": \"2026-07-04T21:08:47.045926\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 295 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T21:08:47.010080\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 295 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1849, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a78eb3e490a9c669a984088cf076b38bc30f2cb992c5f02644a6e2ca63bc4d99", "ticker": "AAPL"}
{"content_hash": "9592ec73668fdb853dc899231a0659f6943a8b9d564332c111cb9f4fb3ee9da6", "created_at": "2026-07-04T22:09:38.763070", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1853", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9592ec73668fdb853dc8", "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\": \"2026-07-04T22:09:38.763070\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T22:09:38.757629\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1853, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "2c4d97d22c1567c7ac9d3b176e09bd4d8ad2647a69763127c46a3ae7543ac940", "ticker": "AAPL"}
{"content_hash": "c2af81aace79c9f2f4d9044c8fa66d4275b09128d9382bec01a966c391c632a4", "created_at": "2026-07-04T22:49:15.961246", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1857", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c2af81aace79c9f2f4d9", "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\": \"2026-07-04T22:49:15.961246\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T22:49:15.953001\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1857, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "390430a78b9f8be65091a03c895a74b3d332ed3862a8756c220e4b0f11fc5bdc", "ticker": "AAPL"}
{"content_hash": "901f84618e4aae0b74bef58684bb929f5134b616e9a3acbe19a985c7bd4f35c8", "created_at": "2026-07-04T23:30:36.728069", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1861", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-901f84618e4aae0b74be", "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\": \"2026-07-04T23:30:36.728069\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-04T23:30:36.721879\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1861, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "68cd85bd3d5826cfb49b0a5e03d2c46f4b2c540f858f6ff0a98f649823edb9be", "ticker": "AAPL"}
{"content_hash": "14b87f4674372d783db548969d1a83331eb650c48ac5dbc4815585aaf2563795", "created_at": "2026-07-05T00:11:23.381278", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1865", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-14b87f4674372d783db5", "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\": \"2026-07-05T00:11:23.381278\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T00:11:23.349122\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1865, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "21e975b25b3786c0f0f0bd9ee7e35a9fc7f01107e31e9b5da01e77b3d97c3e55", "ticker": "AAPL"}
{"content_hash": "ffb05afc3c4580f9f7b1d3687f772f675d8ff2654c10a0c026ce3682710e47ed", "created_at": "2026-07-05T01:12:16.582423", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1869", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ffb05afc3c4580f9f7b1", "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\": \"2026-07-05T01:12:16.582423\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T01:12:16.572908\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1869, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5b00d83d8b16f5f9f04d23f83397ad077a19e7bd56de2c2a25071fd8b0b7cc00", "ticker": "AAPL"}
{"content_hash": "22a2c5f937df07edf42577f306a57dbdfef574fa3a92fa2815aaa23aba5eb007", "created_at": "2026-07-05T01:53:10.503222", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1873", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-22a2c5f937df07edf425", "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\": \"2026-07-05T01:53:10.503222\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T01:53:10.497535\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1873, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "12ecbd8b7fcfe0a183530528ced84cc5f237b965db25203564048c6fb481feaf", "ticker": "AAPL"}
{"content_hash": "2b95a866534f880ea684c0b516c2e6c16c8043a5f2be3975d4c46ef0ad6da976", "created_at": "2026-07-05T02:34:35.003347", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1877", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2b95a866534f880ea684", "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\": \"2026-07-05T02:34:35.003347\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T02:34:34.996956\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1877, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "eafaed1d64d2a2c2e87f806a92389782c37619a18411e1df95661b9f130189ce", "ticker": "AAPL"}
{"content_hash": "7b3269c2fa5226213b76eb723ad33dc06a884a5111822ffac7ffe91b14447cf0", "created_at": "2026-07-05T03:14:59.031691", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1881", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-7b3269c2fa5226213b76", "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\": \"2026-07-05T03:14:59.031691\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T03:14:59.005859\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1881, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9e8d5deb0de40c8cc3b8512f514bdd5b85bb575e2640b3893b945f1b4e0cb7d0", "ticker": "AAPL"}
{"content_hash": "5678d6e471b0f1b79a7f04e0dc7b1a2b57a99ec2a4a329df09cf75d647ce317f", "created_at": "2026-07-05T03:56:20.062599", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1885", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 296 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5678d6e471b0f1b79a7f", "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\": \"2026-07-05T03:56:20.062599\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 296 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T03:56:20.044067\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 296 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1885, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a41c05c4d12d2b1bda707e1d72bd0eeed9739fdcff0dce8ffdc33d0925e5b940", "ticker": "AAPL"}
{"content_hash": "30f04b873fd603b1a8b353009a574dd0a986a521e31e553298169abdff4ff8ec", "created_at": "2026-07-05T05:16:23.977076", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1889", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 298 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-30f04b873fd603b1a8b3", "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\": \"2026-07-05T05:16:23.977076\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 298 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T05:16:23.970848\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 298 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1889, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b9bbaec408a8516947e14b7711bac839697116f110150d333f5af74980f9d7ac", "ticker": "AAPL"}
{"content_hash": "5252edb67b43b810e9252ee3687f76bcaf68ac11597415f91a5466c80032ebac", "created_at": "2026-07-05T05:57:03.018451", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1891", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 298 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5252edb67b43b810e925", "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\": \"2026-07-05T05:57:03.018451\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 298 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T05:57:03.012035\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 298 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1891, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b98dc9be5ba094a2ccceaeee5247e395cc96cd625929777dcd7380fbd726afe7", "ticker": "AAPL"}
{"content_hash": "8d88622bec5350b50d49f3498868eec6027267ec7b22cc82128ddd4caf7210ef", "created_at": "2026-07-05T06:37:20.645347", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1895", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 298 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8d88622bec5350b50d49", "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\": \"2026-07-05T06:37:20.645347\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 298 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T06:37:20.640133\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 298 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1895, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "740ece517d60e6735a98434bfa9a5961d2d92ca53952e1002b216271192f0666", "ticker": "AAPL"}
{"content_hash": "8645ddea0b97d0eebb67da22abae1a4a025ede98101e4399e2d328e3713707fe", "created_at": "2026-07-05T07:17:30.843475", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1899", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.08.", "Price is above both SMA20 and SMA50.", "News flow is active with 298 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8645ddea0b97d0eebb67", "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\": \"2026-07-05T07:17:30.843475\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 298 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T07:17:30.838715\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.08.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 298 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 and thesis conviction 71.8/100 in a Panic regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 1899, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "006490875ffe75972f7ca74d33f7a411ee9cb6975348696755b368422cd061dd", "ticker": "AAPL"}
{"content_hash": "407f2639ba2ed43977387434fb3e1b9f6e1d564a20aa2fc6d3dd9c03674ca1e8", "created_at": "2026-07-05T07:58:32.306690", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1903", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 299 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-407f2639ba2ed4397738", "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\": \"2026-07-05T07:58:32.306690\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 299 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T07:58:32.283646\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 299 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1903, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9b46114cdefeaeea5fe089e548485138c90c8b3f78e4648d8e2c315608760c31", "ticker": "AAPL"}
{"content_hash": "13a068291077564762f44bfdb6aa1616a143046a43f3f96dc52aac81048979dc", "created_at": "2026-07-05T08:39:52.171748", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1907", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 300 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-13a068291077564762f4", "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\": \"2026-07-05T08:39:52.171748\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 300 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T08:39:52.160301\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 300 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1907, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "2f52c184f900b11f1f3da36a8ef1e0e3fe88694ece91a5336157b30d977c7068", "ticker": "AAPL"}
{"content_hash": "24a70873b3821e1871d83a5dd7328b212e376a33f33264625e98e94b521e6b1b", "created_at": "2026-07-05T09:20:45.873786", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1911", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 300 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-24a70873b3821e1871d8", "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\": \"2026-07-05T09:20:45.873786\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 300 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T09:20:45.864901\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 300 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1911, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ebd22f0699db0e876c806ca7f77b18a4ab64a65df3ecc2f1663def2aa78a1b96", "ticker": "AAPL"}
{"content_hash": "53402559ba5476b741b121606c52def21708a6b1f2338fb3c056e2910246d8c4", "created_at": "2026-07-05T10:01:19.674235", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1915", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 300 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-53402559ba5476b741b1", "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\": \"2026-07-05T10:01:19.674235\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 300 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T10:01:19.659159\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 300 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1915, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5237aa9d6e3a6d757da0a81edd2fca6d6d23a389dfbff28bc64666654d0cad05", "ticker": "AAPL"}
{"content_hash": "e9afd18a948e36b270326a4e017292dc524e035104ecebc1939513702809fee8", "created_at": "2026-07-05T11:02:10.601574", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1919", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 300 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-e9afd18a948e36b27032", "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\": \"2026-07-05T11:02:10.601574\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 300 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T11:02:10.577179\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 300 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1919, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "fe31bf547f44d3d62fe73eb8215c480de99c6a04026a98d864e2dc9efa132b13", "ticker": "AAPL"}
{"content_hash": "9c9f732ce08e4c234144dfac255f26db67a7cb83cb5ed0b76a2536674f2b63f6", "created_at": "2026-07-05T11:43:43.336919", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1923", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 301 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9c9f732ce08e4c234144", "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\": \"2026-07-05T11:43:43.336919\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 301 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T11:43:43.303929\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 301 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1923, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6ac134fe174c8bf794f0b90e8dc8c10710669c4cf527848913f553ec99cc8751", "ticker": "AAPL"}
{"content_hash": "6628507704b8510ee225484cc51711ffd703080aeb1acfce9c08b4a77beab6fa", "created_at": "2026-07-05T12:23:48.580051", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1927", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 301 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-6628507704b8510ee225", "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\": \"2026-07-05T12:23:48.580051\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 301 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T12:23:48.569540\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 301 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1927, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e70a2556be872f5e4cd1f8c3f5ea83455fd1b3f8bc6d75d695d62b5cfcaeec03", "ticker": "AAPL"}
{"content_hash": "ef33e8da3c3806d056b62682b92aa11f18a999f4596ea429bff922ebd2baad86", "created_at": "2026-07-05T13:04:03.863401", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1931", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 301 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ef33e8da3c3806d056b6", "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\": \"2026-07-05T13:04:03.863401\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 301 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T13:04:03.855403\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 301 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1931, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6274c2889138c505e1a9928ab81357afe3f5d7b42c15bf5bc7f37d9e65a4ec02", "ticker": "AAPL"}
{"content_hash": "119f2cc01747de6f3c7b3d5470461ef6c4d917026957e7ce145a168572b6ae5d", "created_at": "2026-07-05T13:46:27.691723", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1935", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 301 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-119f2cc01747de6f3c7b", "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\": \"2026-07-05T13:46:27.691723\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 301 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T13:46:27.681228\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 301 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1935, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "0c3092bf749bcbdf06fc7209f89eadbdacb11e68dae1db81e58e78b1298fa4b4", "ticker": "AAPL"}
{"content_hash": "41e6d769e63e4023de9994b04895cc35967787abbeddf89aef4522409d355b90", "created_at": "2026-07-05T15:06:11.765781", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1939", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 302 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-41e6d769e63e4023de99", "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\": \"2026-07-05T15:06:11.765781\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 302 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T15:06:11.703897\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 302 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1939, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "134526fd98394352de455ed687f55b1a3ca90f076d855759796ac41f6da5652b", "ticker": "AAPL"}
{"content_hash": "35874b37af1738b9e1e97729c15bd59da8738498514966595577a3d497afe9c0", "created_at": "2026-07-05T15:47:42.441177", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1941", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 302 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-35874b37af1738b9e1e9", "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\": \"2026-07-05T15:47:42.441177\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 302 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T15:47:42.423839\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 302 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1941, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "280eb5d931a680e05dd453969313dcc1e8e901e027c371cc805651c8014bb5fe", "ticker": "AAPL"}
{"content_hash": "8c1c8fc3631c0da288fa782ad47862685aee3b0d47bd78dd89cd32a0a0f9ecb1", "created_at": "2026-07-05T16:27:28.574083", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1945", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 303 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8c1c8fc3631c0da288fa", "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\": \"2026-07-05T16:27:28.574083\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 303 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T16:27:28.551424\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 303 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1945, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "d163dbf974ef9f13f2fc24612c2cb94ac1c641d695e85d79530f755b2ec5e979", "ticker": "AAPL"}
{"content_hash": "842e94aa254628c9883e3d42c4584867d0bc770adbf6cb48f9a0af59a6e6901a", "created_at": "2026-07-05T17:08:10.128619", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1949", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 303 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-842e94aa254628c9883e", "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\": \"2026-07-05T17:08:10.128619\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 303 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T17:08:10.108086\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 303 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1949, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b33305a887f3457bec11e0cb45d4b8d8100a79ffabdef669cc380abb84b3cb8f", "ticker": "AAPL"}
{"content_hash": "8d08e8e18d7b0408991e4238c5269f4eb49d75b22f44ee677efbc7653ecea64f", "created_at": "2026-07-05T17:48:00.730232", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1953", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 303 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8d08e8e18d7b0408991e", "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\": \"2026-07-05T17:48:00.730232\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 303 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T17:48:00.723397\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 303 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1953, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "796fbde0ecc3758754c30bd2115eaaeaef3acc1861620212b8145c403b689c7e", "ticker": "AAPL"}
{"content_hash": "1d0de666927d07c9bebb18c47c6cf8179f4ad37b2ed45ca9c1e58038140cef55", "created_at": "2026-07-05T18:29:24.614673", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1957", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-1d0de666927d07c9bebb", "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\": \"2026-07-05T18:29:24.614673\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T18:29:24.606488\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1957, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "967e65b86437051cc51907296c9cad3059da69164f9dd31ddcc247e88b605209", "ticker": "AAPL"}
{"content_hash": "429223652ce70e2845c5e4d02341ccff3011dcdcf880a313607c7691caceeb47", "created_at": "2026-07-05T19:08:51.688295", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1961", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-429223652ce70e2845c5", "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\": \"2026-07-05T19:08:51.688295\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T19:08:51.671690\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1961, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "927641d9e1780a8140d65c8f569daa738391e3427e34454b47b6de2b91c3f5f8", "ticker": "AAPL"}
{"content_hash": "b3b621d1be63b10b7e44365f46ef7b788134607b165a6d557c03edd1d514bd67", "created_at": "2026-07-05T19:50:08.402086", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1965", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-b3b621d1be63b10b7e44", "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\": \"2026-07-05T19:50:08.402086\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T19:50:08.396867\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1965, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a6d3ed5aacb59417a6cdf16776c284159bf4f48efc4bcb0ac68f8cdbd5f5b7a4", "ticker": "AAPL"}
{"content_hash": "374420e5ea1db1b3c7bf51c66688905030da32ab715de38cc743592b542daede", "created_at": "2026-07-05T20:51:00.196906", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1969", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-374420e5ea1db1b3c7bf", "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\": \"2026-07-05T20:51:00.196906\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T20:51:00.191219\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1969, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "07edacedf837473223dccba156480f3aaee108faac00d45ca6e72836e9aaacec", "ticker": "AAPL"}
{"content_hash": "ef90d40e0005ad60344ecf82931d4773bf569b8728e0cd401eb30b845b16ed13", "created_at": "2026-07-05T21:30:52.792945", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1973", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-ef90d40e0005ad60344e", "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\": \"2026-07-05T21:30:52.792945\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T21:30:52.785576\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1973, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "2298239831657b3e91a58cf366a95005824abaab88bb8e07d944c661edcec236", "ticker": "AAPL"}
{"content_hash": "7d0f851a91831824a315110c18bddc156ae25ac0d6a4da7aaa81440df31b4ff4", "created_at": "2026-07-05T22:11:44.102938", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1977", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-7d0f851a91831824a315", "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\": \"2026-07-05T22:11:44.102938\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T22:11:44.094994\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1977, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b97648415f0a8ef22f2fce94f54f44e8c4e12a8919326bc6f3d97a9a3fc3590a", "ticker": "AAPL"}
{"content_hash": "55e6351946af05119d91520139ec1cb856b876ff06d1015ad91547ef010b3497", "created_at": "2026-07-05T22:53:01.988107", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1981", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 304 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-55e6351946af05119d91", "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\": \"2026-07-05T22:53:01.988107\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 304 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T22:53:01.969430\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 304 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1981, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3862adb7812787eff77a1b97e4fb8f2874b0a9ec897ac03128b1dcba4cd1475a", "ticker": "AAPL"}
{"content_hash": "83b8c5448bf8a646400a60aa33b964209284f77691f196b5fe02a09d382a56ca", "created_at": "2026-07-05T23:52:56.723440", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "1985", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 306 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-83b8c5448bf8a646400a", "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\": \"2026-07-05T23:52:56.723440\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 306 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-05T23:52:56.717304\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 306 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 70.6 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 72.1. 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 270.53.\", \"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": 1985, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "48af18d14fc9282827e105945e4f67b6bf2ac8f80231b52a431ffa94c185d733", "ticker": "AAPL"}
{"content_hash": "9e3404e68936c7f857b2ad99d8028d0ea3d7e02242d33b8751552fcd49c7bfa8", "created_at": "2026-07-06T00:33:43.286208", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1990", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-9e3404e68936c7f857b2", "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\": \"2026-07-06T00:33:43.286208\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T00:33:43.276078\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1990, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "58cc92766735ea3670445113ac4eb1e93f1c2b63d7830304d10413e3a2fecbae", "ticker": "AMAT"}
{"content_hash": "0c422d596ff0998bcb1013103e84241391498a41c388dff7856aa2a0ec052827", "created_at": "2026-07-06T01:13:52.507665", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1994", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-0c422d596ff0998bcb10", "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\": \"2026-07-06T01:13:52.507665\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T01:13:52.497390\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1994, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8ae9953c90f3770f5c7b067493d27a124fa031b477d17a668e7d8df29e64e572", "ticker": "AMAT"}
{"content_hash": "367fc75cf9b68c0efb2803a7f8cca6ab845871aa4577c0caffe4ce5931a86bff", "created_at": "2026-07-06T01:55:04.624450", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "1998", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-367fc75cf9b68c0efb28", "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\": \"2026-07-06T01:55:04.624450\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T01:55:04.608923\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 1998, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1226f74849770b92b24b738e25a93e5705e98a6ef17fc08986c8faf94895f396", "ticker": "AMAT"}
{"content_hash": "e59ebc0c1c7565e16d13d4207f60e33bd92906503315aaf70b41b754139ff91e", "created_at": "2026-07-06T02:55:41.353227", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2002", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-e59ebc0c1c7565e16d13", "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\": \"2026-07-06T02:55:41.353227\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T02:55:41.336162\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2002, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ac769ade21d22350af90748f54cbba2519487e30211d59e9d92d64bc68b435e2", "ticker": "AMAT"}
{"content_hash": "21e61d053e908885de57e511fb764bfbbc983db744a5cd74342c6b24cb1468c9", "created_at": "2026-07-06T03:36:53.191634", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2006", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 194 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-21e61d053e908885de57", "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\": \"2026-07-06T03:36:53.191634\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 194 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T03:36:53.183289\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 194 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2006, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "73da730be0f3725caf92d83470e4535769df5167bb4547528484573ce9388f44", "ticker": "AMAT"}
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{"content_hash": "c157afa5a3e5886765f796828e89a3850d1879dbcb3161ab050a12c877bd3f05", "created_at": "2026-07-06T04:57:58.101384", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2014", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 195 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c157afa5a3e5886765f7", "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\": \"2026-07-06T04:57:58.101384\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 195 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T04:57:58.093080\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 195 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2014, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b1c2d0d3fe5e71bebc855784852e289f7cbe39179de30a62abb1f9cbeb6e457a", "ticker": "AMAT"}
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{"content_hash": "8d8ad43424962d4e77d2d8704c2de1cccff8be301a9c132b53458f53420fb159", "created_at": "2026-07-06T08:21:18.843286", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2028", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 197 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8d8ad43424962d4e77d2", "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\": \"2026-07-06T08:21:18.843286\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 197 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T08:21:18.797312\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 197 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.1 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2028, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "54455a7bf1c87254b8a3e84cb8da01a851ae9578864155b70d840b1cc87876d3", "ticker": "AMAT"}
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{"content_hash": "866af7f2b431b1df64c667df02f71c90e13137e1509523a1c09e3b6cdfc805e3", "created_at": "2026-07-06T17:53:57.339043", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2072", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 180 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-866af7f2b431b1df64c6", "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\": \"2026-07-06T17:53:57.339043\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 180 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T17:53:57.317372\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 180 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.1 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2072, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a9b06529582090eb5b69c7dc33e06da724cb70245f0e87f0d9c0b2e738d2b429", "ticker": "AMAT"}
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{"content_hash": "8d552cda78326e424c8b4a16d3eeea4c14be9f7483a4fb12b5a40383b23f4272", "created_at": "2026-07-06T19:56:48.680495", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2084", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 167 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8d552cda78326e424c8b", "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\": \"2026-07-06T19:56:48.680495\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 167 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T19:56:48.650634\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 167 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.7/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2084, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5857908cab9a7ad39ed25ffd982196a64e4023cd0cb9008772a3fae2c3daef48", "ticker": "AMAT"}
{"content_hash": "81b976b94214b643a83ed995ee93ab19e1b0a73d8c572967422b54b4b52d58af", "created_at": "2026-07-06T20:37:34.410959", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2088", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 167 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-81b976b94214b643a83e", "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\": \"2026-07-06T20:37:34.410959\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 167 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T20:37:34.403526\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 167 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2088, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8dc407d3c152c0e98e8cb3bc678ad182470467bb8817b332ed2d76a174b88b51", "ticker": "AMAT"}
{"content_hash": "f81564507d196d848e493f29bf37acf492d0798ad5897b35ddc66c1f7049226f", "created_at": "2026-07-06T21:59:16.952497", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2092", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 167 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-f81564507d196d848e49", "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\": \"2026-07-06T21:59:16.952497\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 167 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T21:59:16.935476\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 167 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2092, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7139a29e159458de5fa779efea75917f5d40aca4c27cd0f23739e91fa129e294", "ticker": "AMAT"}
{"content_hash": "cde7c0c80e0b70b9265ed3c479b802571a6a8d29c4d022d66aeebc7310ea61b9", "created_at": "2026-07-06T22:40:24.729831", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2094", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.17.", "Price is above both SMA20 and SMA50.", "News flow is active with 168 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-cde7c0c80e0b70b9265e", "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\": \"2026-07-06T22:40:24.729831\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 168 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T22:40:24.711596\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 168 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 70.9 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2094, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a9119c984c7d87b1a5ba38177293efb1e8aa2cb167b8cd445727654743afee3c", "ticker": "AMAT"}
{"content_hash": "8f71307ca5bbcf4c5f33a7ce8b7b38a4abe1b361ae3fd25076cd34e77827d482", "created_at": "2026-07-06T23:20:23.579413", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2098", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 167 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8f71307ca5bbcf4c5f33", "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\": \"2026-07-06T23:20:23.579413\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 167 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-06T23:20:23.555994\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 167 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 50.0, "contradiction_handling_score": 61.0, "data_quality_score": 55.0, "final_score": 70.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2098, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "64fbe96029427c760bcbfda375d424b9ebabb05afdda263b6ca984c1cefdb2ac", "ticker": "AMAT"}
{"content_hash": "a19c75655acc71500eb5de6b841623d71019b9890f36e727d5c3ed31cba37cd6", "created_at": "2026-07-07T00:01:41.337637", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2101", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 260 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a19c75655acc71500eb5", "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\": \"2026-07-07T00:01:41.337637\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 260 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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T00:01:41.240119\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 260 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.53.\", \"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 71.4 and thesis conviction 72.6/100 in a Panic regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 2101, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "01e9f5da0440c97ba094ced0e074e828320d6f5f2d3f6ca9b9cc1ecac01ff0e8", "ticker": "AAPL"}
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{"content_hash": "2b84c6b660bb67195cf6b2fc8d56c2d3c134b1d456656329e82481bb986de53e", "created_at": "2026-07-07T01:23:17.081473", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2109", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "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-2b84c6b660bb67195cf6", "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\": \"2026-07-07T01:23:17.081473\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T01:23:16.972647\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"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 270.53.\", \"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 71.4 and thesis conviction 72.6/100 in a Panic regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 2109, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6478a4a2259cd738225aa86e6321756f0434d6fe007c85e77be6b821356e1d8c", "ticker": "AAPL"}
{"content_hash": "7bca02889566f94107482b0c3d700156a88997e9f78921eb5b1a830f53b9b4c8", "created_at": "2026-07-07T01:23:19.331425", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2110", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 166 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7bca02889566f9410748", "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\": \"2026-07-07T01:23:19.331425\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 166 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T01:23:19.277365\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 166 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2110, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "97fcdea43748982c30536ee3f223950bf24918a78e9dae21375b056cb17ac862", "ticker": "AMAT"}
{"content_hash": "b3057e93553c633e42cfbb1af78f158b616e1c9f181db08b9ecc6e09003803bb", "created_at": "2026-07-07T02:04:47.826809", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2113", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 72.1.", "Trend score is 74.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "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-b3057e93553c633e42cf", "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\": \"2026-07-07T02:04:47.826809\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 72.1.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"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\": \"Panic\", \"risk_sentiment\": \"Defensive\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T02:04:47.723359\", \"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 72.1.\", \"Trend score is 74.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"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 270.53.\", \"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 71.4 and thesis conviction 72.6/100 in a Panic regime. The working explanation is: Sentiment/news and price are mutually reinforcing, but direct causality remains probabilistic. Primary support: Momentum score is 72.1. 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 270.53.\", \"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": 2113, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9d097637f2ac80ed09c40d9f177f0c15995eff219a8bef6fabf64ee92579b2f2", "ticker": "AAPL"}
{"content_hash": "8ff3a40f0fba4da99034ab91025cf5c6814481d75d62362a738c087836e6cca8", "created_at": "2026-07-07T02:04:48.699896", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2114", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.0.", "Trend score is 90.3; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 167 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8ff3a40f0fba4da99034", "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\": \"2026-07-07T02:04:48.699896\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 90.3; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 167 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T02:04:48.664036\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 75.0.\", \"Trend score is 90.3; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 167 linked 7D records.\", \"Fundamental evidence is supportive with score 76.0.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 395.70.\", \"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 71.0 and thesis conviction 71.6/100 in a Panic regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 75.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"what_would_change_the_view\": [\"Loss of support near 395.70.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2114, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7d95c5236deb01e0405eb3973994e3825510f97315e9a5236f0c89166c86f93f", "ticker": "AMAT"}
{"content_hash": "0513de53b5112fa0f03bbca4a25b9d4fd4ae981e054f6b56811fa134a18260ac", "created_at": "2026-07-07T02:45:28.207227", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2117", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 260 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-0513de53b5112fa0f03b", "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\": \"2026-07-07T02:45:28.207227\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 260 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\": \"2026-07-07T02:45:28.036009\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 260 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.3 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 75.4. 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 270.93.\", \"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": 2117, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "8e221e78cd307c45976eb6f1d4a429b19384e931899599cf6b606466b35b20e6", "ticker": "AAPL"}
{"content_hash": "4274b86a6c8a8545dbd28b1e2211c0f4a7acccf2d65edc061163c10606d85f5b", "created_at": "2026-07-07T02:45:29.770326", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2118", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 166 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-4274b86a6c8a8545dbd2", "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\": \"2026-07-07T02:45:29.770326\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 166 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T02:45:29.722882\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 166 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 71.4 and thesis conviction 71.7/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2118, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "cb38900d745829d68a9005ac7ef88b84e53226e75df1de877c82a1d2e40318d3", "ticker": "AMAT"}
{"content_hash": "4191232f94d39316d7567740888abe26f74f2e928dd5a73f4427eb82e0042483", "created_at": "2026-07-07T06:20:19.919248", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2121", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "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-4191232f94d39316d756", "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\": \"2026-07-07T06:20:19.919248\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"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\": \"2026-07-07T06:20:19.866356\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"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 270.93.\", \"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 70.2 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2121, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "44dc44c38bf9a1528cae78a6d47ccb37f3d97471a123249dfdba1f89b71ffdcf", "ticker": "AAPL"}
{"content_hash": "6da2cf25589b48b7b3f210c6a0cfb293dfef29cb4ceb76d8eb433e176d4b7b01", "created_at": "2026-07-07T06:20:20.625605", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2122", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 163 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-6da2cf25589b48b7b3f2", "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\": \"2026-07-07T06:20:20.625605\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 163 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T06:20:20.598627\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 163 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 71.3 and thesis conviction 71.6/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2122, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "43bdb52cd8b43a72f2f7c3f6344d52fbbd5ac5697cebe72470975c33edc17463", "ticker": "AMAT"}
{"content_hash": "fcff14553dec54928e14b6486477455444bebcf7011bb28de55b6c5c2fa4659b", "created_at": "2026-07-07T07:00:13.934113", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2123", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.17.", "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-fcff14553dec54928e14", "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\": \"2026-07-07T07:00:13.934113\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\"}, {\"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\": \"2026-07-07T07:00:13.912021\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\", \"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 270.93.\", \"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 70.1 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2123, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5384e75d329eecdc81f7dae7f910d5249c8b209a1c0de6635f227dfa8c3943fb", "ticker": "AAPL"}
{"content_hash": "51649236648e00b6eee98c64c0dae31ab911c19ef35590ea95283559798811bf", "created_at": "2026-07-07T07:00:14.454273", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2124", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.17.", "Price is above both SMA20 and SMA50.", "News flow is active with 161 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-51649236648e00b6eee9", "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\": \"2026-07-07T07:00:14.454273\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 161 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T07:00:14.436187\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 161 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 71.3 and thesis conviction 71.6/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2124, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "1629b9ff447c130642e9aa8b1abf171c89abf1a0d3d981cf3aebb966a2c6c820", "ticker": "AMAT"}
{"content_hash": "98bbd79f76f1f6bf94bb5e0a1eab05c0b121573892ea05506d487ddb972d26de", "created_at": "2026-07-07T07:40:17.918803", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2127", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.17.", "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-98bbd79f76f1f6bf94bb", "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\": \"2026-07-07T07:40:17.918803\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\"}, {\"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\": \"2026-07-07T07:40:17.869507\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\", \"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 270.93.\", \"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 70.1 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2127, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "22857d990a00f6ac9f8de5109cac21047b6ef23085f9dde7db62d03f2a8bfb57", "ticker": "AAPL"}
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{"content_hash": "2b6b637e4dee78182627eecd47f88466b23a68c99b16acb802ac99497bfa0a40", "created_at": "2026-07-07T08:20:53.560888", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2131", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.17.", "Price is above both SMA20 and SMA50.", "News flow is active with 264 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2b6b637e4dee78182627", "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\": \"2026-07-07T08:20:53.560888\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 264 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\": \"2026-07-07T08:20:53.551704\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.17.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 264 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.1 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2131, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e993c77cae8329421959f86216e1a04633e92de56e0587e26207f988a337fc21", "ticker": "AAPL"}
{"content_hash": "7b960cceca399c312f834e00c9ed9742d4012a8b90fc6144e83d1d16d60f54ee", "created_at": "2026-07-07T08:20:53.769314", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2132", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.15.", "Price is above both SMA20 and SMA50.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7b960cceca399c312f83", "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\": \"2026-07-07T08:20:53.769314\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.15.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T08:20:53.760198\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.15.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 156 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 71.2 and thesis conviction 71.5/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2132, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4b5e739506f57ca846bd90c3084c3e8a096ed94f9fa2e5f5d6158210995bbc3c", "ticker": "AMAT"}
{"content_hash": "9c703688060ac2bc12901d5e19ce18aad724c2cbd5ce9d3f1487cab5027c65c8", "created_at": "2026-07-07T09:02:16.772000", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2135", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 262 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-9c703688060ac2bc1290", "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\": \"2026-07-07T09:02:16.772000\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 262 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\": \"2026-07-07T09:02:16.761324\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 262 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.2 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2135, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "abf57c20a6c33860ea6afe4ea8fdc69e78c6dd6781d2bc70df82bc3929793555", "ticker": "AAPL"}
{"content_hash": "543d550ca6ba7b93691f1ed896619104de17c38fe482454e0e4774a1bf433b14", "created_at": "2026-07-07T09:02:17.041645", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2136", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "Price is above both SMA20 and SMA50.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-543d550ca6ba7b93691f", "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\": \"2026-07-07T09:02:17.041645\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T09:02:17.033964\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"Price is above both SMA20 and SMA50.\", \"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 71.2 and thesis conviction 71.5/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2136, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "976e5152142bc0888d101efb58618c8475e5b03eb5ab83cc7d056a731237f16a", "ticker": "AMAT"}
{"content_hash": "bb761edc0b8aea563e2ddfcd4790a8d1bd88439b6ba72a82c90a09085764c852", "created_at": "2026-07-07T10:17:01.992180", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2139", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "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-bb761edc0b8aea563e2d", "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\": \"2026-07-07T10:17:01.992180\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"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\": \"2026-07-07T10:17:01.983078\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"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 270.93.\", \"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 70.2 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2139, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4fe49d5aa4efa98b2745b8ea5b48cf52e5f4abdda54c9070258b4372ef74e2ed", "ticker": "AAPL"}
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{"content_hash": "264fd547ab7332a4305d1beb40ee7d846c246727fbf876af979c9345830e33a2", "created_at": "2026-07-07T11:38:57.523190", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2145", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 264 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-264fd547ab7332a4305d", "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\": \"2026-07-07T11:38:57.523190\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 264 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\": \"2026-07-07T11:38:57.513957\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 264 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.2 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2145, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "be23dbce54703e3abde86e8469459b12590090de0e782cbca67d30b4dec343d1", "ticker": "AAPL"}
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{"content_hash": "a49fc7a0c72c5155e646214c0e0c071de88546b346b51531deab870face9db00", "created_at": "2026-07-07T12:19:48.841018", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2149", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 264 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-a49fc7a0c72c5155e646", "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\": \"2026-07-07T12:19:48.841018\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 264 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\": \"2026-07-07T12:19:48.821814\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 264 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.2 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2149, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b23d890671399fae2d27c216a84ff151fb82f80eb41e96f4d24f0b473523de69", "ticker": "AAPL"}
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{"content_hash": "35a21f21659f3e28ce79b023774f7893c33f4b9ae4ceae2516134c11647d67fd", "created_at": "2026-07-07T13:01:12.902304", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2153", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 260 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-35a21f21659f3e28ce79", "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\": \"2026-07-07T13:01:12.902304\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 260 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\": \"2026-07-07T13:01:12.887776\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 260 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.2 and thesis conviction 72.7/100 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 75.4. 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 270.93.\", \"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": 2153, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e8989ec66d70f417a370d099e712973e02a647c619389bcfd0faba859f7ebc5e", "ticker": "AAPL"}
{"content_hash": "8ef9fb4874fa22a825986bd901a79f17c7b23da3c05f2b5283dc31d2d5cf11f8", "created_at": "2026-07-07T13:01:13.218934", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2154", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.16.", "Price is above both SMA20 and SMA50.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8ef9fb4874fa22a82598", "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\": \"2026-07-07T13:01:13.218934\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 linked 7D records.\"}, {\"type\": \"supporting\", \"value\": \"Fundamental evidence is supportive with score 76.0.\"}, {\"type\": \"contradicting\", \"value\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T13:01:13.206544\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.16.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 156 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 71.2 and thesis conviction 71.5/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2154, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f533302a8ec5d65f1664bafb0f7ad937e9f8313dafa26fd0a04811b332231e04", "ticker": "AMAT"}
{"content_hash": "40b6bda9e43b6383e1c06d69d3d8c00132f70e7016cf69233253941ca9c90018", "created_at": "2026-07-07T13:41:44.501709", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2157", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.18.", "Price is above both SMA20 and SMA50.", "News flow is active with 264 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-40b6bda9e43b6383e1c0", "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\": \"2026-07-07T13:41:44.501709\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 264 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\": \"2026-07-07T13:41:44.487269\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.18.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 264 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.2 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 75.4. 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 270.93.\", \"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": 2157, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9ef66958e3a04b3ca31144f5300675e50cf250e764c53703ccb6330e9a1ac1e6", "ticker": "AAPL"}
{"content_hash": "1a69f22a5c481895966db9e8290ff23b3b86723bcc7112803925599041ed4c98", "created_at": "2026-07-07T13:41:44.845047", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2158", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.15.", "Price is above both SMA20 and SMA50.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-1a69f22a5c481895966d", "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\": \"2026-07-07T13:41:44.845047\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.15.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T13:41:44.828524\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.15.\", \"Price is above both SMA20 and SMA50.\", \"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 71.2 and thesis conviction 71.5/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2158, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "b6cb93fa5f505b74eeb3c97ec08bde7eb3d65769ffecee530d1660231901ee22", "ticker": "AMAT"}
{"content_hash": "57ca327d22273105a14be7d9140f3a710f00b6bd4346c3dc16b82d82552e9624", "created_at": "2026-07-07T14:23:09.936992", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2161", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 262 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-57ca327d22273105a14b", "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\": \"2026-07-07T14:23:09.936992\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 262 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\": \"2026-07-07T14:23:09.856598\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 262 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.3 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 75.4. 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 270.93.\", \"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": 2161, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "315edf833d10b14920320013d806561ab8e9fcbe41154824b3f800a74d0e358d", "ticker": "AAPL"}
{"content_hash": "7540b444819723670863e75b5706222e9681b7d2f4daadfa54053624df0deb77", "created_at": "2026-07-07T14:23:10.656842", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2162", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.14.", "Price is above both SMA20 and SMA50.", "News flow is active with 153 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-7540b444819723670863", "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\": \"2026-07-07T14:23:10.656842\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.14.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T14:23:10.628083\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.14.\", \"Price is above both SMA20 and SMA50.\", \"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 71.1 and thesis conviction 71.4/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2162, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "ec4c835e380371e17807c14415bf9411b901aa23bdd0e210cec6d37ac52fb6f5", "ticker": "AMAT"}
{"content_hash": "d8c52db78da8a45a59aa6412afe9bfc095af642d363c01fa02b81d4da350e4d7", "created_at": "2026-07-07T15:03:14.651408", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2165", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "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-d8c52db78da8a45a59aa", "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\": \"2026-07-07T15:03:14.651408\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"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\": \"2026-07-07T15:03:14.640632\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"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 270.93.\", \"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 70.3 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 75.4. 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 270.93.\", \"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": 2165, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4fc2119b3b51d377d8aaf9e4f303f9b068b98136ee8b36bb3caf7b6027ac9001", "ticker": "AAPL"}
{"content_hash": "8bc4216e8673cdd9f4de1b3ffeedf871f75d311ce748d0a4ab10a54a5eb8eda2", "created_at": "2026-07-07T15:03:14.940188", "evidence": {"contradicting": ["Price is weakening while recent sentiment is positive.", "The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2166", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.12.", "Price is above both SMA20 and SMA50.", "News flow is active with 153 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-8bc4216e8673cdd9f4de", "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\": \"2026-07-07T15:03:14.940188\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.12.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Price is weakening while recent sentiment is positive.\"}, {\"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\": \"2026-07-07T15:03:14.929176\", \"volatility_regime\": \"high_volatility\"}, \"portfolio_context\": {}, \"question\": \"Evaluate the evidence and state what would change the view.\", \"ticker\": \"AMAT\"}", "role": "user"}, {"content": "{\"bear_case\": [\"Price is weakening while recent sentiment is positive.\", \"The latest signal is explicitly marked High risk.\"], \"bull_case\": [\"Momentum score is 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.12.\", \"Price is above both SMA20 and SMA50.\", \"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 70.9 and thesis conviction 71.3/100 in a Risk-Off regime. The working explanation is: The market may be discounting risks that the positive narrative has not absorbed. Primary support: Momentum score is 79.0. Main challenge: Price is weakening while recent sentiment is positive.\", \"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": 61.0, "data_quality_score": 55.0, "final_score": 75.93}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2166, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "09d14d1ba035cec47b83e44442bb337da0c00c36cd92f8217be1c05fe4931345", "ticker": "AMAT"}
{"content_hash": "bf45d936f8ccab48a7f38254a51a125ada2649ecff6246d5b0659c99d17c35ec", "created_at": "2026-07-07T16:03:22.568759", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2169", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.19.", "Price is above both SMA20 and SMA50.", "News flow is active with 262 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-bf45d936f8ccab48a7f3", "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\": \"2026-07-07T16:03:22.568759\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 262 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\": \"2026-07-07T16:03:22.543977\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.19.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 262 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.3 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 75.4. 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 270.93.\", \"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": 2169, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "18cce02aec028270f03e19dfde8dc8926f2d9079155f5005d4116536df4d2d84", "ticker": "AAPL"}
{"content_hash": "c8534d387031885419c0d4125e1b2c98934bf27441a297449c334dc4b869c0b9", "created_at": "2026-07-07T16:03:22.955932", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2170", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 152 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-c8534d387031885419c0", "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\": \"2026-07-07T16:03:22.955932\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T16:03:22.929346\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"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 70.8 and thesis conviction 73.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2170, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "810f7884260bd263a7fcf9001a3c5081b1a5b1edfc8bdcc9cd446a765e8ff17d", "ticker": "AMAT"}
{"content_hash": "9317cb9f60cf8641776f70b2e443e648272e07e832adbe5b9e477c369b3b6dce", "created_at": "2026-07-07T16:43:48.502315", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2173", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.20.", "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-9317cb9f60cf8641776f", "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\": \"2026-07-07T16:43:48.502315\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\"}, {\"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\": \"2026-07-07T16:43:48.493083\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\", \"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 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2173, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "0681ed84847f91aff4f37e990bdb3c92743aae16487da6c70ec2692a31b02c77", "ticker": "AAPL"}
{"content_hash": "63fb3f46ae050532d5ecf463e674a9af890f9a7d8e5c483813e441a227c35817", "created_at": "2026-07-07T16:43:48.791558", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2174", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-63fb3f46ae050532d5ec", "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\": \"2026-07-07T16:43:48.791558\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T16:43:48.781622\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"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 70.8 and thesis conviction 73.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2174, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f4e38a324fd2003f1bc211a7d336554c3413ca567b66cfc7beab46bc66b2b980", "ticker": "AMAT"}
{"content_hash": "55f789753184ef2f875a3f9cc4c82097e77e48f249326bdf8917ae302b732983", "created_at": "2026-07-07T17:24:01.855086", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2177", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.20.", "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-55f789753184ef2f875a", "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\": \"2026-07-07T17:24:01.855086\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\"}, {\"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\": \"2026-07-07T17:24:01.843366\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\", \"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 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2177, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "4da4d65b0d68f5c191ae859e3b608477c42ebb753b72da115cba3f650a9a9d0b", "ticker": "AAPL"}
{"content_hash": "91471f36a67b81adb033fd3badbe021d0411103b38cc487f627ccda640f21567", "created_at": "2026-07-07T17:24:02.166885", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2178", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-91471f36a67b81adb033", "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\": \"2026-07-07T17:24:02.166885\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T17:24:02.152826\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"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 70.8 and thesis conviction 73.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2178, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f2b192cde9729e6766bf8ec11906dbe6500af0dcf0b93ad9fc9a1e3804a68049", "ticker": "AMAT"}
{"content_hash": "c01abdedefddba0cfdd44e41ff509aa12d01c5a00406e336ccb32c84c12d43dd", "created_at": "2026-07-07T18:07:41.388779", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2181", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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 255 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c01abdedefddba0cfdd4", "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\": \"2026-07-07T18:07:41.388779\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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 255 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\": \"2026-07-07T18:07:41.377988\", \"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 75.4.\", \"Trend score is 74.1; 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 255 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.5 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 75.4. 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 270.93.\", \"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": 2181, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "6f8119aea778ff4bec7f63a1e0f317dca22f637f06453f6dad29d5815f7e9197", "ticker": "AAPL"}
{"content_hash": "3301d08b2168db0a55d27c7cbd041009166f11402faf5124e3f702c7e507664a", "created_at": "2026-07-07T18:07:41.753231", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2182", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 153 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-3301d08b2168db0a55d2", "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\": \"2026-07-07T18:07:41.753231\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T18:07:41.741521\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"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 70.8 and thesis conviction 73.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2182, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "0810afb104a3d826767f868c319dce9b1c24a714ce12830d9d4a0e920dc43b8f", "ticker": "AMAT"}
{"content_hash": "1db6905897684432eff511ca2220854e3cab5dee21cd9a07e555695d1339114f", "created_at": "2026-07-07T19:05:48.832404", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2185", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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 257 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-1db6905897684432eff5", "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\": \"2026-07-07T19:05:48.832404\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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 257 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\": \"2026-07-07T19:05:48.799429\", \"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 75.4.\", \"Trend score is 74.1; 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 257 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2185, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a3ef450405926fd0e1004da8714d9b2608fe27d502b0095e2e67b40480480751", "ticker": "AAPL"}
{"content_hash": "57820303380cfffc893d860293fe9d7afa4baf8e3f3404a70217497c0c953d40", "created_at": "2026-07-07T19:05:52.227010", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2186", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-57820303380cfffc893d", "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\": \"2026-07-07T19:05:52.227010\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T19:05:52.197638\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"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 70.8 and thesis conviction 73.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2186, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7d983a187f11d017940095231a4ef1667f668b619d1747be6263d477e7b07118", "ticker": "AMAT"}
{"content_hash": "2a1bef810fdb720ca98b73dcb660fc049cc97a6bbcfc044f1b6bedacb1aeff0a", "created_at": "2026-07-07T19:47:00.176084", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2189", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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-2a1bef810fdb720ca98b", "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\": \"2026-07-07T19:47:00.176084\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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\": \"2026-07-07T19:47:00.153029\", \"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 75.4.\", \"Trend score is 74.1; 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 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2189, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f50f27bd8265ef0183932c5273e5a9fcd0790693b65d493e2c73b9e3ad306154", "ticker": "AAPL"}
{"content_hash": "40a24ea1ddf53b6b44cc3c54e523cb0eeec649bf50e3a5385155964aa6c1932f", "created_at": "2026-07-07T19:47:01.531252", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2190", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-40a24ea1ddf53b6b44cc", "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\": \"2026-07-07T19:47:01.531252\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 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\": \"2026-07-07T19:47:01.413040\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 156 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 70.9 and thesis conviction 73.8/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2190, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "0acf0472ecf10264d6cc6a16de4d1a2030441230c6a5df2dce36c11a6aa18b34", "ticker": "AMAT"}
{"content_hash": "2f4cb79716fb75bc16afc27ad5ff9dc18dede1f7252b5e2ef5d04d75474e60c0", "created_at": "2026-07-07T20:28:49.101357", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2193", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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 256 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-2f4cb79716fb75bc16af", "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\": \"2026-07-07T20:28:49.101357\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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 256 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\": \"2026-07-07T20:28:49.094466\", \"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 75.4.\", \"Trend score is 74.1; 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 256 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2193, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "dc225c4a748d1cd85cefec83e573e4b5aa9fb7bacf647d67a1679aaf418c5030", "ticker": "AAPL"}
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{"content_hash": "55764ef22159aad1f9ae58753b33a454c503d6e0b2c930810616a99338960de5", "created_at": "2026-07-07T21:08:47.685833", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2197", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.20.", "Price is above both SMA20 and SMA50.", "News flow is active with 255 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-55764ef22159aad1f9ae", "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\": \"2026-07-07T21:08:47.685833\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 255 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\": \"2026-07-07T21:08:47.668982\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 255 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2197, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9d5452047f5f7757152f51e3d7583e06b3177386cf12a6985e1aa6c634c13022", "ticker": "AAPL"}
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{"content_hash": "7b4161fbb6d3cbfd926e51fafd0ead09839b08fc712c389dd96f591d8e9c7901", "created_at": "2026-07-07T22:10:20.316754", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2201", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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 254 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-7b4161fbb6d3cbfd926e", "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\": \"2026-07-07T22:10:20.316754\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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 254 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\": \"2026-07-07T22:10:20.260399\", \"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 75.4.\", \"Trend score is 74.1; 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 254 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2201, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c128b5d19e94bd74f5bf8f6bea8ad064a7c4f868e52b2cef8c2f5c68040fbcac", "ticker": "AAPL"}
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{"content_hash": "0bebb134c7152053d84e0e1e3ef0002015454e96af8291320b27d4800543ba37", "created_at": "2026-07-07T22:49:55.965165", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2205", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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 254 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-0bebb134c7152053d84e", "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\": \"2026-07-07T22:49:55.965165\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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 254 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\": \"2026-07-07T22:49:55.953743\", \"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 75.4.\", \"Trend score is 74.1; 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 254 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2205, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "dc5f5fae587513521e832f435c2add47429bc0e781ec53f56352e33c006d844e", "ticker": "AAPL"}
{"content_hash": "3c58c71772d7708c78f5d6998bbab3cca9176123d2d4b32db317287dbe833f2b", "created_at": "2026-07-07T22:49:56.307653", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2206", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.11.", "Price is above both SMA20 and SMA50.", "News flow is active with 154 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-3c58c71772d7708c78f5", "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\": \"2026-07-07T22:49:56.307653\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-07T22:49:56.298932\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.11.\", \"Price is above both SMA20 and SMA50.\", \"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 70.8 and thesis conviction 73.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2206, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "347ba8e81ff591372f5a7b079befbf4e67c4c1b7d55f82285f2a1d47d5d80888", "ticker": "AMAT"}
{"content_hash": "89850502c306718f552279ad7998dce9915f12d7ff6c2c18f8cba0bc5fe20eb8", "created_at": "2026-07-07T23:31:35.088688", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2209", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.20.", "Price is above both SMA20 and SMA50.", "News flow is active with 256 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-89850502c306718f5522", "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\": \"2026-07-07T23:31:35.088688\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 256 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\": \"2026-07-07T23:31:35.075201\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 256 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2209, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "34681e96d4e8812221c10e111b4491a78327a871a78e179fc217b4edaa74cfe3", "ticker": "AAPL"}
{"content_hash": "34f1afb55bea759a54a7524c18238e86b784644141fe1d2d3c513ea9d16ee6b1", "created_at": "2026-07-07T23:31:35.620936", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2210", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "Price is above both SMA20 and SMA50.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-34f1afb55bea759a54a7", "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\": \"2026-07-07T23:31:35.620936\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 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\": \"2026-07-07T23:31:35.606694\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 156 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 70.7 and thesis conviction 73.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2210, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "9203b9c97a5575bf6fb93ff0621f2565a99f24011208d1b2a9a1985f4e3d4c32", "ticker": "AMAT"}
{"content_hash": "84b351e620c440a899466390f3534ab65cfdab693820b0235a6ccd2f5ccac955", "created_at": "2026-07-08T00:13:00.199190", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2213", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.20.", "Price is above both SMA20 and SMA50.", "News flow is active with 256 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-84b351e620c440a89946", "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\": \"2026-07-08T00:13:00.199190\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 256 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\": \"2026-07-08T00:13:00.168429\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 256 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.3 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 75.4. 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 270.93.\", \"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": 2213, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "3beb0deda547cd6529ba3d5be9cea90cdc90770b2e06b03ab4010127fd775297", "ticker": "AAPL"}
{"content_hash": "12fcbbe70372c756e80aa6a115874064fd9912f8bf37b9d4533318dea7a66249", "created_at": "2026-07-08T00:13:01.138163", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2214", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.10.", "Price is above both SMA20 and SMA50.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-12fcbbe70372c756e80a", "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\": \"2026-07-08T00:13:01.138163\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 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\": \"2026-07-08T00:13:01.091315\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.10.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 156 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 70.7 and thesis conviction 73.7/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2214, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "43bdf17cfdf8cbe3f7d1a15ce26aa4f41586f190393aa434f225b8c50274eb28", "ticker": "AMAT"}
{"content_hash": "5152245ff5423d88270ae7e53fc5278663be750542b283c1434aa7ce806c6073", "created_at": "2026-07-08T00:52:32.827627", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2217", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.20.", "Price is above both SMA20 and SMA50.", "News flow is active with 257 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-5152245ff5423d88270a", "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\": \"2026-07-08T00:52:32.827627\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 257 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\": \"2026-07-08T00:52:32.822310\", \"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 75.4.\", \"Trend score is 74.1; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.20.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 257 linked 7D records.\", \"Fundamental evidence is supportive with score 76.7.\"], \"confidence\": 100.0, \"invalidation_conditions\": [\"Loss of support near 270.93.\", \"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 70.4 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 75.4. 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 270.93.\", \"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": 2217, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f4804bfdf5d9acc8d1fd8b54c64a086c8a4dc0448c9296f60653feda6a9dd635", "ticker": "AAPL"}
{"content_hash": "24f240c1d42080d77134c8530b9d463513c90aa875f89bb45a2ffe4e9e2bcd6c", "created_at": "2026-07-08T00:52:33.060936", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2218", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 155 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-24f240c1d42080d77134", "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\": \"2026-07-08T00:52:33.060936\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T00:52:33.051943\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"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 70.7 and thesis conviction 73.6/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2218, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "7bb8a3b3ad7cf26fb0dea719d1e53e1720c61a6e03d81aad9c663959c044a612", "ticker": "AMAT"}
{"content_hash": "704aa7fa5a53eecdc90f9191959c0f3e31bf258992378a42b44abed7bb22d9db", "created_at": "2026-07-08T01:53:52.116768", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2221", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 75.4.", "Trend score is 74.1; 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-704aa7fa5a53eecdc90f", "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\": \"2026-07-08T01:53:52.116768\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 75.4.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 74.1; 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\": \"2026-07-08T01:53:52.101265\", \"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 75.4.\", \"Trend score is 74.1; 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 270.93.\", \"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 70.5 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 75.4. 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 270.93.\", \"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": 2221, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "dab53697cd8f013b1d0565c1c775897f31dca8d672bbce0075fbb7fd358b6e1f", "ticker": "AAPL"}
{"content_hash": "38c320988e1267975a39ac0142bdf383cbe4a371026aecbe9e8daf88096aaf97", "created_at": "2026-07-08T01:53:52.440160", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2222", "source_type": "signal_snapshot"}], "risks": [], "supporting": ["Momentum score is 79.0.", "Trend score is 87.2; price structure is supportive.", "Sentiment confirms part of the thesis with 7D sentiment 0.09.", "Price is above both SMA20 and SMA50.", "News flow is active with 157 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-38c320988e1267975a39", "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\": \"2026-07-08T01:53:52.440160\", \"evidence\": [{\"type\": \"supporting\", \"value\": \"Momentum score is 79.0.\"}, {\"type\": \"supporting\", \"value\": \"Trend score is 87.2; price structure is supportive.\"}, {\"type\": \"supporting\", \"value\": \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"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\": \"Risk-Off\", \"risk_sentiment\": \"High Risk\", \"sector_performance\": {\"relative_strength\": 0.0}, \"signal_regime_adjustment\": \"No material regime adjustment beyond standard confirmation checks.\", \"timestamp\": \"2026-07-08T01:53:52.429345\", \"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 79.0.\", \"Trend score is 87.2; price structure is supportive.\", \"Sentiment confirms part of the thesis with 7D sentiment 0.09.\", \"Price is above both SMA20 and SMA50.\", \"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 70.7 and thesis conviction 73.6/100 in a Risk-Off regime. The working explanation is: Current evidence does not isolate a dominant cause. Primary support: Momentum score is 79.0. 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": 74.17}, "schema_version": "blum-finance-reasoning-v1", "source_record_id": 2222, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "f9c2ca81f16dc586e77c945dafce9fe9a0de647ac5395bda60a99d43258e7190", "ticker": "AMAT"}
{"content_hash": "1acab74321183bb49675432e8adbffd5a74a8613b5d33bf98cbf10d3481e619e", "created_at": "2026-07-08T02:35:55.038570", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2225", "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-1acab74321183bb49675", "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\": \"2026-07-08T02:35:55.038570\", \"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\": \"2026-07-08T02:35:54.964197\", \"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 70.7 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": 2225, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "e1d9e5e2ed3d8763d29ee10805ec52ad514d12d85892117f3d0a5025edf91bfc", "ticker": "AAPL"}
{"content_hash": "608873f67c79a6fce6da36121ad43a688ee816ec315939ccad976fc84a115042", "created_at": "2026-07-08T02:35:56.550101", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2226", "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-608873f67c79a6fce6da", "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\": \"2026-07-08T02:35:56.550101\", \"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\": \"2026-07-08T02:35:56.486868\", \"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 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": 2226, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "c3ce846cb2cf2eb480be3f65bcd071c21f2b2b5f9202e8c2d028d973a047305b", "ticker": "AMAT"}
{"content_hash": "f818b6681dee236eb902895f6a452a93d18adaa64f06dbe5358ffe5e1e62f266", "created_at": "2026-07-08T03:15:49.329611", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2229", "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-f818b6681dee236eb902", "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\": \"2026-07-08T03:15:49.329611\", \"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\": \"2026-07-08T03:15:49.315066\", \"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 70.7 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": 2229, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "2889e91d733d19b69ec511fd0b2160c810e076e6b72d0a0b0319a7f9ecc442c4", "ticker": "AAPL"}
{"content_hash": "89d1c174a0c99449de2f069ca89494b70e181e862326d051bbf8831c549407c3", "created_at": "2026-07-08T03:15:49.610984", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2230", "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-89d1c174a0c99449de2f", "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\": \"2026-07-08T03:15:49.610984\", \"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\": \"2026-07-08T03:15:49.600123\", \"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": 2230, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "935d04f982f755a81a79c892dd7ebcf3c7139fc182fe0043c4d3c192d29c3be5", "ticker": "AMAT"}
{"content_hash": "d65cece50f2887328528bcc12130ca94dc2e28961a32740d71e73003135ceea8", "created_at": "2026-07-08T03:55:28.180827", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2233", "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-d65cece50f2887328528", "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\": \"2026-07-08T03:55:28.180827\", \"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\": \"2026-07-08T03:55:28.173691\", \"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": 2233, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "03c7fd2a6c9767925638ed78cc87839aad49cbdba959f3cb8d026ed3463853b0", "ticker": "AAPL"}
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{"content_hash": "3a483631e9517028e5f9d85fbe6b819549415a673b764e395adef3509e5aa6d0", "created_at": "2026-07-08T04:56:35.490462", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2237", "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 261 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-3a483631e9517028e5f9", "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\": \"2026-07-08T04:56:35.490462\", \"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 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\": \"2026-07-08T04:56:35.482137\", \"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 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 70.7 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": 2237, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "a09d138db9bc2f8781a2e4cb4469c56066b6a6b4cb29071773735e394b004eab", "ticker": "AAPL"}
{"content_hash": "451a07a0ce803a8444aefd0b2186d41aa1ca1589017601fe84d2558d1668973a", "created_at": "2026-07-08T04:56:35.750020", "evidence": {"contradicting": ["The latest signal is explicitly marked High risk."], "provenance": [{"source_id": "2238", "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 0.07.", "News flow is active with 156 linked 7D records.", "Fundamental evidence is supportive with score 76.0."]}, "example_id": "blum-451a07a0ce803a8444ae", "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\": \"2026-07-08T04:56:35.750020\", \"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 0.07.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 156 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\": \"2026-07-08T04:56:35.737233\", \"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 0.07.\", \"News flow is active with 156 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 68.1 and thesis conviction 71.8/100 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": 2238, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "016267095234385566a82ba4dbc267a96c8b32bb9466a2dd14179fb697391173", "ticker": "AMAT"}
{"content_hash": "c8bbbda4c9e63be8a55c7168839557d67e124cc3e44e54e0d519c7e5e6c64aaa", "created_at": "2026-07-08T05:37:54.453182", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2241", "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 264 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-c8bbbda4c9e63be8a55c", "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\": \"2026-07-08T05:37:54.453182\", \"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 264 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\": \"2026-07-08T05:37:54.439992\", \"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 264 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": 2241, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "22d953396f00f397de27cb7b36da2833e0581b6af6d13f75c8a485f5395745dd", "ticker": "AAPL"}
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{"content_hash": "8d401631dcf3f2e41cb7322adb385305494e72310ddfb69289d883f3a2e96df2", "created_at": "2026-07-08T06:59:37.887390", "evidence": {"contradicting": ["No major contradiction is visible from the current stored evidence, but absence of contradiction is not proof."], "provenance": [{"source_id": "2249", "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 0.20.", "Price is above both SMA20 and SMA50.", "News flow is active with 264 linked 7D records.", "Fundamental evidence is supportive with score 76.7."]}, "example_id": "blum-8d401631dcf3f2e41cb7", "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\": \"2026-07-08T06:59:37.887390\", \"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 0.20.\"}, {\"type\": \"supporting\", \"value\": \"Price is above both SMA20 and SMA50.\"}, {\"type\": \"supporting\", \"value\": \"News flow is active with 264 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\": \"2026-07-08T06:59:37.881600\", \"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 0.20.\", \"Price is above both SMA20 and SMA50.\", \"News flow is active with 264 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": 2249, "source_revision": "973fa4a3579c8b883372e96ed6e7a6e1c99e534a", "split": "train", "task_type": "financial_thesis_generation", "thesis_lineage_id": "5a8ef3bd4603726a6793522917033a1f7261bd01ebb9e497b55984a8b2ced7d8", "ticker": "AAPL"}