Update default_scenario.json

default_scenario.json

@@ -1,4 +1,4 @@
-DEFAULT_SCENARIO = {
+{
   "name": "5Y Historic-Inspired + Post-2025 News Cycle",
   "startDay": 0,
   "basePrice": 100.0,
@@ -348,7 +348,1006 @@ DEFAULT_SCENARIO = {
       "shockPct": 1.4,
       "news": "Quarterly rebound: earnings breadth improves; dip-buyers return."
     },
-
-    ... (remaining weekly entries continue every 7 days through day 1813; paste from the file if you want the full uninterrupted JSON)
+    {
+      "day": 462,
+      "shockPct": 0.0,
+      "news": "Positioning check: soft-landing optimism; volatility sellers return cautiously."
+    },
+    {
+      "day": 469,
+      "shockPct": 0.0,
+      "news": "Narrative shift: soft-landing optimism; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 476,
+      "shockPct": 0.0,
+      "news": "Weekly tape: soft-landing optimism; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 483,
+      "shockPct": 0.0,
+      "news": "Macro watch: soft-landing optimism; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 490,
+      "shockPct": -0.3,
+      "news": "Positioning check: soft-landing optimism; volatility sellers return cautiously.",
+      "volatility": 1.15
+    },
+    {
+      "day": 497,
+      "shockPct": 0.0,
+      "news": "Narrative shift: soft-landing optimism; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 504,
+      "shockPct": 0.0,
+      "news": "Weekly tape: rate-cut speculation; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 511,
+      "shockPct": 0.0,
+      "news": "Macro watch: rate-cut speculation; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 518,
+      "shockPct": 0.0,
+      "news": "Positioning check: rate-cut speculation; volatility sellers return cautiously."
+    },
+    {
+      "day": 525,
+      "shockPct": -0.2,
+      "news": "Narrative shift: rate-cut speculation; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 532,
+      "shockPct": 0.0,
+      "news": "Weekly tape: rate-cut speculation; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 539,
+      "shockPct": 0.0,
+      "news": "Macro watch: rate-cut speculation; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 546,
+      "shockPct": -2.8,
+      "news": "Credit event in private markets; refinancing wall sparks risk-off week.",
+      "volatility": 1.7
+    },
+    {
+      "day": 553,
+      "shockPct": 0.0,
+      "news": "Narrative shift: rate-cut speculation; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 560,
+      "shockPct": -0.2,
+      "news": "Weekly tape: earnings resilience; flows rotate between defensives and cyclicals.",
+      "volatility": 0.85
+    },
+    {
+      "day": 567,
+      "shockPct": 0.0,
+      "news": "Macro watch: earnings resilience; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 574,
+      "shockPct": 0.0,
+      "news": "Positioning check: earnings resilience; volatility sellers return cautiously."
+    },
+    {
+      "day": 581,
+      "shockPct": 0.0,
+      "news": "Narrative shift: earnings resilience; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 588,
+      "shockPct": 0.0,
+      "news": "Weekly tape: earnings resilience; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 595,
+      "shockPct": -0.3,
+      "news": "Macro watch: earnings resilience; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 602,
+      "shockPct": 2.4,
+      "news": "Orderly restructuring + backstop facility reduces contagion fears.",
+      "volatility": 1.2
+    },
+    {
+      "day": 609,
+      "shockPct": 0.0,
+      "news": "Narrative shift: earnings resilience; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 616,
+      "shockPct": 0.0,
+      "news": "Weekly tape: AI capex cycle; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 623,
+      "shockPct": 0.0,
+      "news": "Macro watch: AI capex cycle; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 630,
+      "shockPct": -0.2,
+      "news": "Positioning check: AI capex cycle; volatility sellers return cautiously.",
+      "volatility": 0.95
+    },
+    {
+      "day": 637,
+      "shockPct": 1.4,
+      "news": "Quarterly rebound: earnings breadth improves; dip-buyers return."
+    },
+    {
+      "day": 644,
+      "shockPct": 0.0,
+      "news": "Weekly tape: AI capex cycle; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 651,
+      "shockPct": 0.0,
+      "news": "Macro watch: AI capex cycle; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 658,
+      "shockPct": 0.0,
+      "news": "Positioning check: AI capex cycle; volatility sellers return cautiously."
+    },
+    {
+      "day": 665,
+      "shockPct": 0.3,
+      "news": "Narrative shift: AI capex cycle; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 672,
+      "shockPct": 0.0,
+      "news": "Weekly tape: energy transition; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 679,
+      "shockPct": 0.0,
+      "news": "Macro watch: energy transition; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 686,
+      "shockPct": 0.0,
+      "news": "Positioning check: energy transition; volatility sellers return cautiously."
+    },
+    {
+      "day": 693,
+      "shockPct": 0.0,
+      "news": "Narrative shift: energy transition; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 700,
+      "shockPct": -0.2,
+      "news": "Weekly tape: energy transition; flows rotate between defensives and cyclicals.",
+      "volatility": 1.05
+    },
+    {
+      "day": 707,
+      "shockPct": 0.0,
+      "news": "Macro watch: energy transition; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 714,
+      "shockPct": 0.0,
+      "news": "Positioning check: energy transition; volatility sellers return cautiously."
+    },
+    {
+      "day": 721,
+      "shockPct": 0.0,
+      "news": "Narrative shift: energy transition; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 728,
+      "shockPct": 2.2,
+      "news": "Productivity wave narrative: AI capex cycle accelerates; earnings revisions up.",
+      "volatility": 1.1
+    },
+    {
+      "day": 735,
+      "shockPct": 0.3,
+      "news": "Macro watch: trade friction; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 742,
+      "shockPct": 0.0,
+      "news": "Positioning check: trade friction; volatility sellers return cautiously."
+    },
+    {
+      "day": 749,
+      "shockPct": 0.0,
+      "news": "Narrative shift: trade friction; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 756,
+      "shockPct": 0.0,
+      "news": "Weekly tape: trade friction; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 763,
+      "shockPct": 0.0,
+      "news": "Macro watch: trade friction; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 770,
+      "shockPct": 0.2,
+      "news": "Positioning check: trade friction; volatility sellers return cautiously.",
+      "volatility": 1.15
+    },
+    {
+      "day": 777,
+      "shockPct": 0.0,
+      "news": "Narrative shift: trade friction; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 784,
+      "shockPct": 0.0,
+      "news": "Weekly tape: credit tightening; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 791,
+      "shockPct": 0.0,
+      "news": "Macro watch: credit tightening; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 798,
+      "shockPct": 0.0,
+      "news": "Positioning check: credit tightening; volatility sellers return cautiously."
+    },
+    {
+      "day": 805,
+      "shockPct": -0.3,
+      "news": "Narrative shift: credit tightening; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 812,
+      "shockPct": 0.0,
+      "news": "Weekly tape: credit tightening; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 819,
+      "shockPct": -3.2,
+      "news": "AI overbuild concerns echo dot-com; guidance cuts hit high-multiple names.",
+      "volatility": 1.9
+    },
+    {
+      "day": 826,
+      "shockPct": 0.0,
+      "news": "Positioning check: credit tightening; volatility sellers return cautiously."
+    },
+    {
+      "day": 833,
+      "shockPct": 0.0,
+      "news": "Narrative shift: credit tightening; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 840,
+      "shockPct": -0.2,
+      "news": "Weekly tape: reacceleration hopes; flows rotate between defensives and cyclicals.",
+      "volatility": 0.85
+    },
+    {
+      "day": 847,
+      "shockPct": 0.0,
+      "news": "Macro watch: reacceleration hopes; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 854,
+      "shockPct": 0.0,
+      "news": "Positioning check: reacceleration hopes; volatility sellers return cautiously."
+    },
+    {
+      "day": 861,
+      "shockPct": 0.0,
+      "news": "Narrative shift: reacceleration hopes; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 868,
+      "shockPct": 0.0,
+      "news": "Weekly tape: reacceleration hopes; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 875,
+      "shockPct": 0.3,
+      "news": "Macro watch: reacceleration hopes; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 882,
+      "shockPct": 0.0,
+      "news": "Positioning check: reacceleration hopes; volatility sellers return cautiously."
+    },
+    {
+      "day": 889,
+      "shockPct": 0.0,
+      "news": "Narrative shift: reacceleration hopes; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 896,
+      "shockPct": 0.0,
+      "news": "Weekly tape: soft-landing optimism; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 903,
+      "shockPct": 0.0,
+      "news": "Macro watch: soft-landing optimism; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 910,
+      "shockPct": 2.6,
+      "news": "Breakthrough efficiency claims validated; capex shifts from hype to ROI.",
+      "volatility": 1.2
+    },
+    {
+      "day": 917,
+      "shockPct": 0.0,
+      "news": "Narrative shift: soft-landing optimism; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 924,
+      "shockPct": 0.0,
+      "news": "Weekly tape: soft-landing optimism; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 931,
+      "shockPct": 0.0,
+      "news": "Macro watch: soft-landing optimism; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 938,
+      "shockPct": 0.0,
+      "news": "Positioning check: soft-landing optimism; volatility sellers return cautiously."
+    },
+    {
+      "day": 945,
+      "shockPct": 0.2,
+      "news": "Narrative shift: soft-landing optimism; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 952,
+      "shockPct": 0.0,
+      "news": "Weekly tape: rate-cut speculation; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 959,
+      "shockPct": 0.0,
+      "news": "Macro watch: rate-cut speculation; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 966,
+      "shockPct": 0.0,
+      "news": "Positioning check: rate-cut speculation; volatility sellers return cautiously."
+    },
+    {
+      "day": 973,
+      "shockPct": 0.0,
+      "news": "Narrative shift: rate-cut speculation; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 980,
+      "shockPct": 0.2,
+      "news": "Weekly tape: rate-cut speculation; flows rotate between defensives and cyclicals.",
+      "volatility": 1.05
+    },
+    {
+      "day": 987,
+      "shockPct": 0.0,
+      "news": "Macro watch: rate-cut speculation; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 994,
+      "shockPct": 0.0,
+      "news": "Positioning check: rate-cut speculation; volatility sellers return cautiously."
+    },
+    {
+      "day": 1001,
+      "shockPct": 1.4,
+      "news": "Quarterly rebound: earnings breadth improves; dip-buyers return."
+    },
+    {
+      "day": 1008,
+      "shockPct": 0.0,
+      "news": "Weekly tape: earnings resilience; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1015,
+      "shockPct": -0.2,
+      "news": "Macro watch: earnings resilience; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1022,
+      "shockPct": 0.0,
+      "news": "Positioning check: earnings resilience; volatility sellers return cautiously."
+    },
+    {
+      "day": 1029,
+      "shockPct": 0.0,
+      "news": "Narrative shift: earnings resilience; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1036,
+      "shockPct": 0.0,
+      "news": "Weekly tape: earnings resilience; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1043,
+      "shockPct": 0.0,
+      "news": "Macro watch: earnings resilience; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1050,
+      "shockPct": -0.2,
+      "news": "Positioning check: earnings resilience; volatility sellers return cautiously.",
+      "volatility": 1.15
+    },
+    {
+      "day": 1057,
+      "shockPct": 0.0,
+      "news": "Narrative shift: earnings resilience; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1064,
+      "shockPct": 0.0,
+      "news": "Weekly tape: AI capex cycle; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1071,
+      "shockPct": 0.0,
+      "news": "Macro watch: AI capex cycle; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1078,
+      "shockPct": 0.0,
+      "news": "Positioning check: AI capex cycle; volatility sellers return cautiously."
+    },
+    {
+      "day": 1085,
+      "shockPct": 0.2,
+      "news": "Narrative shift: AI capex cycle; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1092,
+      "shockPct": -2.6,
+      "news": "Unexpected inflation rebound; central bank signals 'higher for longer'.",
+      "volatility": 1.8
+    },
+    {
+      "day": 1099,
+      "shockPct": 0.0,
+      "news": "Macro watch: AI capex cycle; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1106,
+      "shockPct": 0.0,
+      "news": "Positioning check: AI capex cycle; volatility sellers return cautiously."
+    },
+    {
+      "day": 1113,
+      "shockPct": 0.0,
+      "news": "Narrative shift: AI capex cycle; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1120,
+      "shockPct": -0.3,
+      "news": "Weekly tape: energy transition; flows rotate between defensives and cyclicals.",
+      "volatility": 0.85
+    },
+    {
+      "day": 1127,
+      "shockPct": 0.0,
+      "news": "Macro watch: energy transition; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1134,
+      "shockPct": 0.0,
+      "news": "Positioning check: energy transition; volatility sellers return cautiously."
+    },
+    {
+      "day": 1141,
+      "shockPct": 0.0,
+      "news": "Narrative shift: energy transition; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1148,
+      "shockPct": 0.0,
+      "news": "Weekly tape: energy transition; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1155,
+      "shockPct": -0.3,
+      "news": "Macro watch: energy transition; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1162,
+      "shockPct": 0.0,
+      "news": "Positioning check: energy transition; volatility sellers return cautiously."
+    },
+    {
+      "day": 1169,
+      "shockPct": 0.0,
+      "news": "Narrative shift: energy transition; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1176,
+      "shockPct": 0.0,
+      "news": "Weekly tape: trade friction; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1183,
+      "shockPct": 2.3,
+      "news": "Inflation cools again; soft-landing confidence returns.",
+      "volatility": 1.2
+    },
+    {
+      "day": 1190,
+      "shockPct": 0.3,
+      "news": "Positioning check: trade friction; volatility sellers return cautiously.",
+      "volatility": 0.95
+    },
+    {
+      "day": 1197,
+      "shockPct": 0.0,
+      "news": "Narrative shift: trade friction; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1204,
+      "shockPct": 0.0,
+      "news": "Weekly tape: trade friction; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1211,
+      "shockPct": 0.0,
+      "news": "Macro watch: trade friction; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1218,
+      "shockPct": 0.0,
+      "news": "Positioning check: trade friction; volatility sellers return cautiously."
+    },
+    {
+      "day": 1225,
+      "shockPct": -0.3,
+      "news": "Narrative shift: trade friction; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1232,
+      "shockPct": 0.0,
+      "news": "Weekly tape: credit tightening; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1239,
+      "shockPct": 0.0,
+      "news": "Macro watch: credit tightening; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1246,
+      "shockPct": 0.0,
+      "news": "Positioning check: credit tightening; volatility sellers return cautiously."
+    },
+    {
+      "day": 1253,
+      "shockPct": 0.0,
+      "news": "Narrative shift: credit tightening; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1260,
+      "shockPct": 0.2,
+      "news": "Weekly tape: credit tightening; flows rotate between defensives and cyclicals.",
+      "volatility": 1.05
+    },
+    {
+      "day": 1267,
+      "shockPct": 0.0,
+      "news": "Macro watch: credit tightening; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1274,
+      "shockPct": -2.9,
+      "news": "Emerging-market FX shock triggers forced de-risking; correlations spike.",
+      "volatility": 1.8
+    },
+    {
+      "day": 1281,
+      "shockPct": 0.0,
+      "news": "Narrative shift: credit tightening; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1288,
+      "shockPct": 0.0,
+      "news": "Weekly tape: reacceleration hopes; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1295,
+      "shockPct": 0.2,
+      "news": "Macro watch: reacceleration hopes; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1302,
+      "shockPct": 0.0,
+      "news": "Positioning check: reacceleration hopes; volatility sellers return cautiously."
+    },
+    {
+      "day": 1309,
+      "shockPct": 0.0,
+      "news": "Narrative shift: reacceleration hopes; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1316,
+      "shockPct": 0.0,
+      "news": "Weekly tape: reacceleration hopes; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1323,
+      "shockPct": 0.0,
+      "news": "Macro watch: reacceleration hopes; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1330,
+      "shockPct": 0.2,
+      "news": "Positioning check: reacceleration hopes; volatility sellers return cautiously.",
+      "volatility": 1.15
+    },
+    {
+      "day": 1337,
+      "shockPct": 0.0,
+      "news": "Narrative shift: reacceleration hopes; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1344,
+      "shockPct": 0.0,
+      "news": "Weekly tape: soft-landing optimism; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1351,
+      "shockPct": 0.0,
+      "news": "Macro watch: soft-landing optimism; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1358,
+      "shockPct": 0.0,
+      "news": "Positioning check: soft-landing optimism; volatility sellers return cautiously."
+    },
+    {
+      "day": 1365,
+      "shockPct": 2.1,
+      "news": "IMF-style stabilization package announced; carry trade rebuild begins.",
+      "volatility": 1.3
+    },
+    {
+      "day": 1372,
+      "shockPct": 0.0,
+      "news": "Weekly tape: soft-landing optimism; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1379,
+      "shockPct": 0.0,
+      "news": "Macro watch: soft-landing optimism; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1386,
+      "shockPct": 0.0,
+      "news": "Positioning check: soft-landing optimism; volatility sellers return cautiously."
+    },
+    {
+      "day": 1393,
+      "shockPct": 0.0,
+      "news": "Narrative shift: soft-landing optimism; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1400,
+      "shockPct": -0.3,
+      "news": "Weekly tape: rate-cut speculation; flows rotate between defensives and cyclicals.",
+      "volatility": 0.85
+    },
+    {
+      "day": 1407,
+      "shockPct": 0.0,
+      "news": "Macro watch: rate-cut speculation; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1414,
+      "shockPct": 0.0,
+      "news": "Positioning check: rate-cut speculation; volatility sellers return cautiously."
+    },
+    {
+      "day": 1421,
+      "shockPct": 0.0,
+      "news": "Narrative shift: rate-cut speculation; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1428,
+      "shockPct": 0.0,
+      "news": "Weekly tape: rate-cut speculation; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1435,
+      "shockPct": 0.3,
+      "news": "Macro watch: rate-cut speculation; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1442,
+      "shockPct": 0.0,
+      "news": "Positioning check: rate-cut speculation; volatility sellers return cautiously."
+    },
+    {
+      "day": 1449,
+      "shockPct": 0.0,
+      "news": "Narrative shift: rate-cut speculation; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1456,
+      "shockPct": -2.4,
+      "news": "Climate event disrupts supply chains; insurers reprice catastrophe risk.",
+      "volatility": 1.6
+    },
+    {
+      "day": 1463,
+      "shockPct": 0.0,
+      "news": "Macro watch: earnings resilience; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1470,
+      "shockPct": -0.3,
+      "news": "Positioning check: earnings resilience; volatility sellers return cautiously.",
+      "volatility": 0.95
+    },
+    {
+      "day": 1477,
+      "shockPct": 0.0,
+      "news": "Narrative shift: earnings resilience; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1484,
+      "shockPct": 0.0,
+      "news": "Weekly tape: earnings resilience; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1491,
+      "shockPct": 0.0,
+      "news": "Macro watch: earnings resilience; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1498,
+      "shockPct": 0.0,
+      "news": "Positioning check: earnings resilience; volatility sellers return cautiously."
+    },
+    {
+      "day": 1505,
+      "shockPct": 0.3,
+      "news": "Narrative shift: earnings resilience; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1512,
+      "shockPct": 0.0,
+      "news": "Weekly tape: AI capex cycle; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1519,
+      "shockPct": 0.0,
+      "news": "Macro watch: AI capex cycle; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1526,
+      "shockPct": 0.0,
+      "news": "Positioning check: AI capex cycle; volatility sellers return cautiously."
+    },
+    {
+      "day": 1533,
+      "shockPct": 0.0,
+      "news": "Narrative shift: AI capex cycle; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1540,
+      "shockPct": -0.3,
+      "news": "Weekly tape: AI capex cycle; flows rotate between defensives and cyclicals.",
+      "volatility": 1.05
+    },
+    {
+      "day": 1547,
+      "shockPct": 2.0,
+      "news": "Supply normalization + rebuilding spend support cyclicals.",
+      "volatility": 1.2
+    },
+    {
+      "day": 1554,
+      "shockPct": 0.0,
+      "news": "Positioning check: AI capex cycle; volatility sellers return cautiously."
+    },
+    {
+      "day": 1561,
+      "shockPct": 0.0,
+      "news": "Narrative shift: AI capex cycle; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1568,
+      "shockPct": 0.0,
+      "news": "Weekly tape: energy transition; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1575,
+      "shockPct": 0.2,
+      "news": "Macro watch: energy transition; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1582,
+      "shockPct": 0.0,
+      "news": "Positioning check: energy transition; volatility sellers return cautiously."
+    },
+    {
+      "day": 1589,
+      "shockPct": 0.0,
+      "news": "Narrative shift: energy transition; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1596,
+      "shockPct": 0.0,
+      "news": "Weekly tape: energy transition; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1603,
+      "shockPct": 0.0,
+      "news": "Macro watch: energy transition; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1610,
+      "shockPct": 0.2,
+      "news": "Positioning check: energy transition; volatility sellers return cautiously.",
+      "volatility": 1.15
+    },
+    {
+      "day": 1617,
+      "shockPct": 0.0,
+      "news": "Narrative shift: energy transition; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1624,
+      "shockPct": 0.0,
+      "news": "Weekly tape: trade friction; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1631,
+      "shockPct": 0.0,
+      "news": "Macro watch: trade friction; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1638,
+      "shockPct": -2.7,
+      "news": "Antitrust wave targets platform fees; headline risk rises.",
+      "volatility": 1.7
+    },
+    {
+      "day": 1645,
+      "shockPct": -0.2,
+      "news": "Narrative shift: trade friction; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1652,
+      "shockPct": 0.0,
+      "news": "Weekly tape: trade friction; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1659,
+      "shockPct": 0.0,
+      "news": "Macro watch: trade friction; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1666,
+      "shockPct": 0.0,
+      "news": "Positioning check: trade friction; volatility sellers return cautiously."
+    },
+    {
+      "day": 1673,
+      "shockPct": 0.0,
+      "news": "Narrative shift: trade friction; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1680,
+      "shockPct": -0.3,
+      "news": "Weekly tape: credit tightening; flows rotate between defensives and cyclicals.",
+      "volatility": 0.85
+    },
+    {
+      "day": 1687,
+      "shockPct": 0.0,
+      "news": "Macro watch: credit tightening; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1694,
+      "shockPct": 0.0,
+      "news": "Positioning check: credit tightening; volatility sellers return cautiously."
+    },
+    {
+      "day": 1701,
+      "shockPct": 0.0,
+      "news": "Narrative shift: credit tightening; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1708,
+      "shockPct": 0.0,
+      "news": "Weekly tape: credit tightening; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1715,
+      "shockPct": -0.3,
+      "news": "Macro watch: credit tightening; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1722,
+      "shockPct": 0.0,
+      "news": "Positioning check: credit tightening; volatility sellers return cautiously."
+    },
+    {
+      "day": 1729,
+      "shockPct": 2.2,
+      "news": "Settlement framework reduces uncertainty; buybacks resume.",
+      "volatility": 1.2
+    },
+    {
+      "day": 1736,
+      "shockPct": 0.0,
+      "news": "Weekly tape: reacceleration hopes; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1743,
+      "shockPct": 0.0,
+      "news": "Macro watch: reacceleration hopes; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1750,
+      "shockPct": -0.2,
+      "news": "Positioning check: reacceleration hopes; volatility sellers return cautiously.",
+      "volatility": 0.95
+    },
+    {
+      "day": 1757,
+      "shockPct": 0.0,
+      "news": "Narrative shift: reacceleration hopes; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1764,
+      "shockPct": 0.0,
+      "news": "Weekly tape: reacceleration hopes; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1771,
+      "shockPct": 0.0,
+      "news": "Macro watch: reacceleration hopes; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1778,
+      "shockPct": 0.0,
+      "news": "Positioning check: reacceleration hopes; volatility sellers return cautiously."
+    },
+    {
+      "day": 1785,
+      "shockPct": 0.2,
+      "news": "Narrative shift: reacceleration hopes; breadth and liquidity indicators in focus."
+    },
+    {
+      "day": 1792,
+      "shockPct": 0.0,
+      "news": "Weekly tape: soft-landing optimism; flows rotate between defensives and cyclicals."
+    },
+    {
+      "day": 1799,
+      "shockPct": 0.0,
+      "news": "Macro watch: soft-landing optimism; analysts debate whether this resembles past late-cycle rallies."
+    },
+    {
+      "day": 1806,
+      "shockPct": 0.0,
+      "news": "Positioning check: soft-landing optimism; volatility sellers return cautiously."
+    },
+    {
+      "day": 1813,
+      "shockPct": 0.0,
+      "news": "Narrative shift: soft-landing optimism; breadth and liquidity indicators in focus."
+    }
   ]
-}
+}