PREXEL — AI_BUILDOUT · Issue No. 35 (daily)

Period: 2026-10-05 → 2026-10-05

Context hash: ed237009c3e6c30ec1a55b2fe31ec77a7a25d4c4bbb4351d46db32d99da86685

Corrections recorded at publication · show records

Corrections and withdrawals

These are separate correction records. Original publication bytes remain unchanged.

80 observation-level correction records are also retained in the machine-readable correction ledger.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 306cc3812f92a550c20505df954df7a6748b80d8cc155221bfecfe17d3ad7813.

corrected · 7d6a992041898e2c4b349c2610a901cf32df9471d360bd09b400164b0da51fda · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 3b7e2741da5ce111c7f69ea2db3d91ea5a406a0395fd306c1944691718d5d434.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 8befa4313c51bf6e36c4d3306add3953866c1fa4103bb12f1ebeb7dab403c5aa.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 7fe65ff5b1adc1e398e74911d75d2242b4e714e18d9feac2293779cd6953d1b4.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 9db663e3c8979e1cee303426f5593684451ca86656767701cae004824752f7af.

corrected · 68b296062ffa53d3ad9152bb0d503ea747d2e3d76e93f9e96520cac90adc2789 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 91d67a867ed93cd54916e7631a969eb2b7f815f8dc9950a532fc414001dbd473.

corrected · 021135f8ad7727749bfcf1c80657a64b856e44a077037c9da3a0361b3d89f206 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 73deb0707d6fda393a5b05bb579c972056e8ff1102d5fa9fd831201644f55e9a.

corrected · 1f6808e5b2f6539525d3f4f3d88d079b4b47b2b56f83b942aab659551e746cfb · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 40ec6ecb040fc62e417fa65fd7c2dc52a7690e7a50c7c1a690b62db260dbbd05.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 090dc6632cd6381b38be3c723fe4011b165950fc7cec457ce8a807d289f63b31.

corrected · 13955eb973ad2a60252e1343d967b96acd4081354c05006d815c3720fc58760e · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 48cfdfae1323efbe6d8f9ca1180e3108f0c7fa88b2d25da6417f7029fc63fa66.

corrected · 50974ec6e8f4d52b4411d251ba2331fdfcea81109bd9293754e62938b33fdc4b · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: cb58f38d8b8f2e8967fb8507bc192538bd42eb9f39b5521016cd9a2c854573e8.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: aa0fe5f726ec373ff4bc02501d0e1d34488805bd27a1afbb7e9ddd9cc8ceba28.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 1bceea264e2b68104282c8bb0d64f0ae91ec6f7d1fae7baffc3167cd87b4e9f7.

corrected · 1916e2fa15395121e251f8aa35b14d56d4262671eda9077114f7b2cb8ffa957b · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: e6795f3a535720092e3a3f8a2b18bb626fb29fddb9a42d9cc40ffe686e1bb1d6.

corrected · cbd3bab7852c663972d7e3dfebe1e69adf8f7f7ef25adfa36c1cd845a5a72dbc · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: a554607cfa6fd74fb26213b438ae665f73c6e4143ed7b680012157389a946118.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: eac6abdefb29b42e1dcf82fd1a8d5bf518fbf49e58bac44e2984e476488bb0cd.

corrected · 7c40a7f6f8c46783e9547a765c3214728eb29371124af21519232b784e6a601c · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: d846e1236c2a5c63ec54685e89d6393963983bf71aef4c4d1d3bae9a4605cae8.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 2f6bc1947a4b623a8d62786674671dc125f4f1756673a19072dc0bae5738ced8.

corrected · e0c88e12e958c687891682c78e20a036b774d485e4f85ff7b3988fc590016d58 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 59a0f5836a720e30a4c7ad516bcaada5c60f2fa766c7fddbca9b849ae7671891.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 046beaa42c32bc3708dff3107337e8297315f58d7aaceb80f53f94eef56dcbf7.

corrected · c15ac1a7c457b77354415454eb7fdd0b52bea70286d708d9e95157a3eac3bbea · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 40ee966fe700faaa8e6e312a81ce5e7a509af3195c25fe546bcd6d47e8b22074.

corrected · 4fb89557fda96c79ad7e68d20678cc8a1abfaa7dbdbba4bd84accf643b4b2314 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 088612a5095cbdde5669d43ff249b2816bc7f16a1f506b6235f502e8a139f325.

corrected · 0fd23282bdf8881fdf43254def18357f480481cd4d2b0871a046c31eb7219513 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 9c5c13f9119e05f6caad31063656dd5b79c0709f4ce539d9d70b7548725f2bb9.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 511ab7d0b03b03489786564d531ed62d64b41c7401026d69c8ae85f97a46f24d.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 8528375b70f378ff008bf388b7539d4decc10b05f49ed43dac080b2a3328a531.

corrected · 01822c379d79fc2a90b6e2a763d681fccecedf3327c560178d314d774ca4e6f3 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 4d8c25d038ee4aa22fb0bf874bca439343f111fadb31968f7e89821a27669ddb.

corrected · 0182be499f63c5b68e80ee9a65c2542793e5d156471bb7bae72d11bde25c068d · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: b02b568b9deed031e66c5cc57ea1a72f8f73b80bcc010fa6b30b72087fefea87.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: eb8896c2cbec0d4d66c01df4f7f151772f37f46ec6d5cf8b81a7955d6b743699.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 4a6911d0d3baab828cd93521839f471d475b65e6f333fb7033f4cac7d7531c93.

corrected · power-z-publication-floor-2026-09-22-v1 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time. Other power z-scores now require at least 30 prior reference observations and retain sample counts. DA/RT spread standardization includes historical reference clocks. No power alpha is claimed.

Correction hash: 6a9779892497e1941a3a7f05c2bb72917dd28726ae4dd0de8359ec12d02f3457.

corrected · b7789873fefa1373782e172c9a8c4e3596f0515bb5ff833432ae48b4b44b8464 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: d66fa2249637b81b6ee5e82de325ab75d1a6a847295ab2f5cfed2dcb0f1a79a2.

corrected · c2fa4e93f5cf1dc0111b262abff3161adaf314993f3b88afa20a7d6b26a8b3e2 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: edbe97b2da6310e177626dae3cdc3c7cb894617056b60a469f39eecf3931e2e5.

corrected · 3c923be36162fd4a5e6042e8ceb0147353fb24e26f8fd7d33d67d347f16b2d18 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 6781fcebf7fd81d068e3827f4df4e76891c8a67a138a44d11f4f7d46986fdd4b.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: eef3fa995a7d768b71c03934cf46110331f8089e457a141f117e28473b07d88d.

corrected · 77096b587feed4d270ba30d4d755301020fbb0a408fa9727d84ec0e58b665c87 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 94e1914d17423ab8d62a6fe57d5c7724302bb2189e2e677e5439c6eef13a0f34.

corrected · a843e40aec72868e7f9130e255a4bb12a8e9180f4fd8db64d9f6fa7dd70e4e50 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 3f9c85e7755fbd01c99af85b47ebc63a33fde92416c127e804fe4f47ac477402.

corrected · cd920d0c89feae9abc05632ad95a3ad5f36926e78e43b5f60a41a8abf3a42677 · 2026-09-22 05:57:30: The PJM load z-score and its derived directional reading are withdrawn. The weather-naive 28-day same-weekday baseline contains at most four reference days, below the 30-observation publication floor. That floor is an admission rule, not proof of calibration, stationarity or significance. Regional load measurements and descriptive percentage differences remain separate from this withdrawn standardized score. Original publication bytes remain unchanged; this notice takes effect at its actual publication time.

Correction hash: 6fdf634bce35728c4038492ab567cb4a2d100f1ea3571f0b792e018fbe957a89.

corrected · dependency-clocks-2026-09-21-v1 · 2026-09-22 03:58:09: Baseline and comparison knowledge clocks were omitted in inference-demand, catalyst, model-economics and OpenAI valuation derivations. New revisions retain their contributing input projections and use the maximum dependency timestamp, including fixed-basket prior catalogs and the independent IPO cross-check. This is a prospective clock/provenance repair; previous numeric values and historical availability are not certified by this notice. Retained replay also requires archive/observation clocks.

Correction hash: 3d610d56e95d7f59962d9e7639fab15877b5ed8da597cea92aa1921130bc8a43.

corrected · 13955eb973ad2a60252e1343d967b96acd4081354c05006d815c3720fc58760e · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 4cc68a99a713c2f554652a6e369a343f4773e0a20051dbe89a43102942990385.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 129ccc44a4ac0b3f3cd7e0e9c58883ae255f630a3fec30c75ab45cee30632728.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: e06d021b94fd8e9f41e7ff55ef68a10e06ef3fe0f229d4e0a15af7d4c14ac022.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: c6704975a2710b568f64e0819df4d877225d29126a93074a0d80c3c4a61b53d7.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 21a1e3029a51fe1c1be7f84db986db568be5174930219225a8fe2d22839e75ff.

corrected · 4fb89557fda96c79ad7e68d20678cc8a1abfaa7dbdbba4bd84accf643b4b2314 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 0dedd01a08defd59e540879f523ea2115775c2e7e88007b619f323788e9e2e05.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 40e38736cfc23d55698b8eaff26d8acc59175586a1acb8539b00ae114b5e509d.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 5794b0097fdcc831be72301fe25bc148e2e111dc98136eea3454b85fca18cec8.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 68a48f263598325b97e9f2391445130c7ea932c0df8c145ea1e9e8865e8b4772.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 3de4688ba9c455826f820f8a95545e274cccb40695cc60d81f47f3fa549aec0e.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: e379c23e27666c397c5ea60892d5f84a266f8e71d0fed4a27e7b23bad796724a.

corrected · 1f6808e5b2f6539525d3f4f3d88d079b4b47b2b56f83b942aab659551e746cfb · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 9e77b2cf94531593e029fab52055a220fe6c681406376f28ff66e9d7fc4fb8f2.

corrected · ff170f9fdbc5c79ec8365bc74daaa40df6d8d70846517a27960aa1f91e4585d8 · 2026-09-21 01:56:32: Same issuer and common stock; issuer notice states unchanged CUSIP. Vendor identifies P.US as Everpure. All 416 retained PSTG raw closes match the P.US response. Canonical legacy key remains stable; this is not the current tradable ticker.

Correction hash: 4a9c55c72697a7688f0c6b6008d676193d12053744775336eefbfa60f1443ec2.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 5f9cedcd69af29e06c2746c9e5952c609eaacd4940e1224bd468896aeb2642cd.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 4f64ea580b319a226872fcf96d66852d7b7a454ea226f335a9764f9dc9ec584f.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: d3e4f789c29b25b8076534f4d546b3bbb5883abf86bc32f117db7dbd8b69d3fa.

withdrawn · e053e3820ff3c453422129105ccd63cdcf211feb5a62faba40a2e6354b5d07e7 · 2026-09-21 01:56:32: Unresolved vendor history revision: 27 omitted dates, two retained 999999.9999 zero-volume bars, and 170 changed overlapping unadjusted closes. Keep out of derived series until upstream identity, currency, ADR ratio and revision basis are reconciled; a successful HTTP response is insufficient.

Correction hash: 1f305a31fb6960aa440262a25d112e0cab28fefc2d787cf6bb5e4ebe7ad177b4.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: aefb1ff3e2c9eb409f6cd4bd99c345f72d78dc03260e5af556774bf5d121e6dc.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: e5cb99f87c1f5f337b5917bea7b0eab0889fa508d0be397b086f36a68cf81f63.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-21 01:56:32: Historical AI-complex correlation evidence is not certified: its source cohort includes KXIAY.US, whose retained provider history has two 999999.9999 zero-volume bars and differs from a fresh response on 170 overlapping unadjusted closes and 27 omitted dates. The cause and numerical effect on each historical correlation statistic are unresolved. The current correlation read remains unavailable pending source reconciliation; no historical alpha or corrected correlation value is asserted.

Correction hash: 53ce18ab10ff71dbd03e9dd8472d6fd5b4bcf8ab31a84024e1a562e1b52a2345.

corrected · 990e88e5856928083d0f3b26bd2c22ba425a21c5a532cfda902a24dac72cdccf · 2026-09-21 01:56:32: Issuer requested an ASX trading halt from the start of 16 September 2025; completion notice schedules reopening 17 September. Old zero-volume bar repeats the prior close. Fresh full and one-day vendor responses omit the halted date. Preserve original row; omit this exact version from current calculations.

Correction hash: 1c580707ef1778cef88843279da569651abab4ac4441c9c55c301bb943eff0d5.

corrected · c15ac1a7c457b77354415454eb7fdd0b52bea70286d708d9e95157a3eac3bbea · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: b1b04dfc076882e4f6c11be04ba8e2ccc57afafc613f70d855c7c84582f0af98.

corrected · c2fa4e93f5cf1dc0111b262abff3161adaf314993f3b88afa20a7d6b26a8b3e2 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 6491fba92561d608699614a39b06d6104fbf27025b71da95103a35f17f407bf3.

corrected · 01822c379d79fc2a90b6e2a763d681fccecedf3327c560178d314d774ca4e6f3 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: e980a045eb1ad2f6d9afd8a6cd39338d6372664b230bd9c8a3b126bb503fa1db.

corrected · 0fd23282bdf8881fdf43254def18357f480481cd4d2b0871a046c31eb7219513 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: f69b882c1ef74fc513301bd3f4450cae8025c4f12e73e52e2dca6da026fb4cfe.

corrected · 77096b587feed4d270ba30d4d755301020fbb0a408fa9727d84ec0e58b665c87 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 8ae1e2abdafa2aa8d69dc444995f03050845dc852da0fbc8e31a20c21ef9ccc4.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 66fc60a2e265abdd827a699405560247d002cce32f35e316940b22f3cdc706e9.

corrected · 13955eb973ad2a60252e1343d967b96acd4081354c05006d815c3720fc58760e · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: a01a1dd058d15c437cc3d68af68caece6619075f3adccabcac0a2269dbccd2e7.

corrected · 7c40a7f6f8c46783e9547a765c3214728eb29371124af21519232b784e6a601c · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 314de6eb85ffa0c5e6ad4d9707d760efb80a5f41739222627e19df1e84b08110.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 873dcd7af9411e0ad4a81b9d0f0c33406f601293487948ae7760805ceac58767.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: e538262c6c3cc0b249bc06020055a40ab461a52b10de3261259587ed3498de4d.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 796244a36470fd9ce6417d1d3ec355f3eeb04c4011c1773d9809aed3995654b4.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: cdd060dd6ffb94b104e3b69fff0e53b0ad9bba21d94b780c4087f9d085bf6e9d.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: d8258ce4cdc4bf252e2c9480a63c160c6b891a9ee501ffec17d363791f28a918.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: a683d51198720dc51a2f4b9736007887eaeb5a5f210f3c50a05b4484818a5a22.

corrected · 50974ec6e8f4d52b4411d251ba2331fdfcea81109bd9293754e62938b33fdc4b · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: c40a682b6ccb36c1f84b25c4fa58fd9a6de370ec903c1e7c621b3d7bf38f780c.

corrected · 021135f8ad7727749bfcf1c80657a64b856e44a077037c9da3a0361b3d89f206 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 143d35173b58b98e514d2aef7706a65a4430fac4db1882791485c0a086d9a65a.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 6331be0dd84af95006c23c71eec3b578bee0e144e598f6003e32fba0a7a703ad.

corrected · 1f6808e5b2f6539525d3f4f3d88d079b4b47b2b56f83b942aab659551e746cfb · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 96a63bee6c9af16816e7920f3863f332a5f306048f836e89684ecc3fd8441c99.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: b0dbe95cb840fc3b607124607be57d577d006e7639c86bde1364aac11c123030.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 5e7f70a6e003a30cc31418fc842276ceb09c5c1d7d5d0f62975ef6621e4160e3.

corrected · 68b296062ffa53d3ad9152bb0d503ea747d2e3d76e93f9e96520cac90adc2789 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 4749c5be8ae03ba2b272ce94120588ee574d4bb8fa546a40523bdc10f32b6b65.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: fc6c1186cf40e77a7a908ee3f963bd363fbeef1bf9847d01077c8677aed2c3c3.

corrected · 4fb89557fda96c79ad7e68d20678cc8a1abfaa7dbdbba4bd84accf643b4b2314 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 62a1a57a26f7fb68a7f987b83af0fb28be21cfdc78e50e6d32350b0d6edc2ee8.

corrected · market_series_daily/pre-2026-09-20-adjustment-refresh · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 6eeb1c527316bf5fb8490cc25d9a5c326617bab4935dd8b2ed9e2ba8359d599c.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: f4533f38f29db11623d56f9c7d8313240dfe066637da02887e66cf10713605fa.

corrected · cbd3bab7852c663972d7e3dfebe1e69adf8f7f7ef25adfa36c1cd845a5a72dbc · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 637dff044cc95c3164be46e592c6562a47c4c1a3e9425eef1937507db5c74b82.

corrected · 1f6808e5b2f6539525d3f4f3d88d079b4b47b2b56f83b942aab659551e746cfb · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 2eb8594b502e797cf2df5dc13d31209aa007b67788d4a4f60bc0c5563f8760e4.

corrected · 7d6a992041898e2c4b349c2610a901cf32df9471d360bd09b400164b0da51fda · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: a2a26c0b3f5004c8618414d020afe55bbf1931df5788c5ae6cceb819058431bf.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 8fd9da323888b5641f324c1bd803ede356bca8b7ec7672677773995a2f84e77f.

corrected · b7789873fefa1373782e172c9a8c4e3596f0515bb5ff833432ae48b4b44b8464 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 0ece81ac9a102bc359c17542ebd9d06b78fbebc8f0c94da16598d46c54ec350d.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 057500ce6173d43b4a9ae931d167f416f7abe266cf8629a48c55721f35769c09.

corrected · cd920d0c89feae9abc05632ad95a3ad5f36926e78e43b5f60a41a8abf3a42677 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 73a74217026d08afad27e9dfba47a82f531e65e4f89a1269cdd4ecae3393d7a1.

corrected · e0c88e12e958c687891682c78e20a036b774d485e4f85ff7b3988fc590016d58 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: c47945c8ce8cd91cb2133f8820fb090c7b526c4683d6c5cb4e25377e773cb2b2.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 243600d61919104eb7943b5b1c5653805972eb7d191f5b79bbaa9e36f41ffb9c.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: a2b7451cda02ea4dbfd12d9a16f6980fd46080a36f5fa593e692c5c5d33be8ec.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 37b8c759c793568d564cd4ec2911ee887b9239463184b2215d72148fd98f7f4e.

corrected · 3c923be36162fd4a5e6042e8ceb0147353fb24e26f8fd7d33d67d347f16b2d18 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 377a6b11ef61a2e2a174cf74f38a0116bab31c2feccc88bd302eb294a8f451a2.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 24ca73f717ba57d225bdf0e535f8145a140383468f58250239246c68cfb2fc66.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: ceffc834a16f35ba62cefb5a8ec49dcb9207de828554376959e4f2f1ffff0614.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 1a0d11dae4487e78f53bdeb91bc491825f35d9631bc46c84c0543ec09d4d8900.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 078f68600f41de578e3fe006af1b4c7714fd431dd5b2b5fced4dd1bcc4dc620f.

corrected · 4fb89557fda96c79ad7e68d20678cc8a1abfaa7dbdbba4bd84accf643b4b2314 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: ff7d7cafa866a5d17e843aff17bdbd1d135666524814df22eeafd28e38d5f741.

corrected · 13955eb973ad2a60252e1343d967b96acd4081354c05006d815c3720fc58760e · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: e763413e2002b6d3770a6f6c01d52e9bd710a628c99c47f85c3ccf337cd9ff39.

corrected · 1916e2fa15395121e251f8aa35b14d56d4262671eda9077114f7b2cb8ffa957b · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: ca957ce4cd028fbae4d5c9fea589823a8d3689cab9272253ffe6213c0ea2629b.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 702e6df8936159594f9cd31a2391306daa3a2d2cd87739a8db7035ea56ddd7b3.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 1038228f881ee4a3df47e2186d11859c55da0b27995ff8e08f3402eac0c45d6d.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: bb76039cb4988b9fd152badf673cc448a7c04622eae872cbd72ef4f73fad64d7.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 1d69fa262d61d8980e9df45fde1488c110b43a373ff8ddb4dbfa714af569babe.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 92fd505098935d84ce5443a8b2133c1fc85a63e22345416a1f441d5293e71565.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 86a1faca81c8d32638be5a11ffe3619b0f85a6095384f15b7f405c6945a98f32.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-20 13:53:45: The data-centre attribution in the original regional-load claim is withdrawn. EIA-930 measures total regional electricity demand. Dominion demand and the PJM-minus-CISO/ERCO growth difference do not isolate data-centre consumption, energized capacity or the cause of load growth. The arithmetic is retained as a weather-blind regional comparison; it is not a causal data-centre estimate.

Correction hash: 28915be3a8990b602d25fbba9d3710eae2f533f6dea89f0440c61692591f6f83.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: 6072a6890eb09acbaab224ac2396f6c2127276fefcdc605f48a61a360eaf9fa0.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: d981bd048088d4edb93f0d50dd16f3d68a39c622057989a2a018e7c3330fb7ef.

corrected · 0182be499f63c5b68e80ee9a65c2542793e5d156471bb7bae72d11bde25c068d · 2026-09-20 13:53:45: The prior adjusted-price pipeline combined a refreshed 30-day tail with older adjustment histories. A source reconstruction verified inconsistent HYG/LQD history. Prior market-series levels and returns must not be treated as certified single-vintage inputs or point-in-time performance evidence. Complete per-symbol refreshes and completeness checks replace that method from this correction onward. This qualifies the report's price-derived evidence; it does not assert that every printed number or direction changed. New source vintages are available only at their actual receipt time, never retroactively.

Correction hash: ef60f87b87b94ae93bd529efd0608a59735245bf0992dffd365f12555c1a16b8.

corrected · c2fa4e93f5cf1dc0111b262abff3161adaf314993f3b88afa20a7d6b26a8b3e2 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: ce30c775c2ca117c9e017a7403f04f9fc9e7d409ed007a8534b32f1383b27b40.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: e997a1fd5c93e5a1f247e3c2f59c676dface9516a31254ccefbd700e7824b9be.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 2ad2ec9e5cbb9073a02cb892e88a63b0134294c86330f8979a09b6cd63f942f4.

corrected · 50974ec6e8f4d52b4411d251ba2331fdfcea81109bd9293754e62938b33fdc4b · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: af6fd0437a739f996d62fec9780c122ee1c8cfa11da09c61b47b39950911b819.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: bddc2b71a624aa3f28691920adbdb6710ca1b6b3f694513aeda0fb21e524d64d.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 04ee6ba2c45ba03e7cf2b65f5301e9b4a5e42145f3d37e5ff820707c36be0ebc.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 5bbb36c3731a03fe8e85a8e62e843770273a7cf9ef4f3d902cefd666c53bfbc8.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: f99a28eda8a44f56bda1605b27a4ea5797a8bb0c40cef47656e1162c28cf281e.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 89c6bd111e9cabec38c976e6d8322613c81dbe81adfd331dc04f00b0db0f4f72.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: fc6c77003a42a623928bb2164676b35ccf29d1750fdf6c29282cd4eceac46fd2.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: f59ec4081b3476d0831565fa9159d7239e2dcd9af53ff1a03fde800a6b4c14d9.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 9d58923f7235bb8324056ce72ea1b1e83609601185f05c972b5dbc9143fabfd9.

withdrawn · 90f1ad42-854c-5d89-a07a-dd9e8830b3a4 · 2026-09-18 04:22:05: This setup is withdrawn because its trigger was invalidated. Prior direction, capacity and market settlement remain historical evidence and must not enter current recommendations or performance denominators.

Correction hash: 087759740e395f2f6f49003a405dc1aeebac64c9969f4afeaa1e7a0a1e4ae727.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: cab3211a58262a1719b3828a4bca52df6326a3a6e1d32903b1f5ea243def7b42.

corrected · 3c923be36162fd4a5e6042e8ceb0147353fb24e26f8fd7d33d67d347f16b2d18 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: a801907bd72e72359cde6b2ce3cffdc9a1917040e9654675be4689ae5314a022.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 4ab5ab226660fde09180896ce964ab6bed0e8dae0cdd64ce4c6a22843499f18f.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: cdddc9fd8dd5455fb6045210dd27bd4a0bd4712867815f3bb5417c3b0d687e07.

corrected · 68b296062ffa53d3ad9152bb0d503ea747d2e3d76e93f9e96520cac90adc2789 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 7b3fcc99ff7d3fb3650ae7c7f08c2736110a7480c67b94b035c9ab58211a52ce.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 280c9da33abaf916a2104a78e1b7443ffa631195c0e238e5882d6a2aa8de5106.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 81d30602880715f3cd033fc7952643ef89b72c17f0b41aaedc15b2b89eef72bc.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 4d8033eeeb3c6688bb607bcf784977fb57b45370f10e62879d88ef9f95aec495.

corrected · 68b296062ffa53d3ad9152bb0d503ea747d2e3d76e93f9e96520cac90adc2789 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: d81decc250bdac18bba557c91bf6f0835823c4587f6c5a5c332087aa50f7f913.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 873802dd009ff1eccc0f1c959cd6fed4d591da6aa5eb1c3319b907a0e1b52ccf.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: b426b1320b2dd36abb4a099dde5586ed728c39d3ee77ef4c1efa2a9a3a80b5f3.

corrected · 6ff9aea9-156f-4102-a385-234e2baea52e · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: a439fb501ca2b1565c22dd4b1f985023fe9e462ce9b17b762c3a7d652386b37f.

corrected · 021135f8ad7727749bfcf1c80657a64b856e44a077037c9da3a0361b3d89f206 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: e84545dd54a44bb89cbf70496401c233b59e931ebaaf74c402c96b05274bdd2c.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 3eec8a6903d5f8d9f9471151c475fdb6463a53d7d6b3bac222a5bbc190b024c1.

corrected · 68b296062ffa53d3ad9152bb0d503ea747d2e3d76e93f9e96520cac90adc2789 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 9a2fe7d5d16fa53368347ef76e8a12ed93c15a7c3674a17a479d428710c4ee99.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 93f905bcf759db82de943d87219302648ad204f18d25fd5b36beee3138419454.

corrected · 0182be499f63c5b68e80ee9a65c2542793e5d156471bb7bae72d11bde25c068d · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: d2f18592be7d7e9fd10527b818d23ceab8e65916a5040e00e2aaf843043a912b.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: f5d95e128f2e442315c110c1fa08ccd01787a78b8c46801472e80d180ad6fa69.

corrected · fac9b0aadae78bfbee05ec9d8e608f101edd05aa127092801eb0490fbe2a8cdb · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: e669ed51c2a5209625bf058144cd906bc4e2dfe48ca9fceafc87cd774700dec5.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 3bc3404650624df94fc7569265a90c5e6c8ab27a3b8c21ee850678947fcb6740.

corrected · 1eec2e14ee9162d7fbff5302e4511f61be1fba4d41fb9b6263bf1f14b8e8b1ad · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 1051f8c7226187dc9427de869c9b30251bbab8fe8deb193fd553c5cf33c9561a.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: e5c726807fb993d0080997edba5a84d7cc5ad0c56db861fe3657889ceb43b732.

corrected · 9eb00bcf-22f5-4c78-b8b3-7ccbe461473e · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: fe4f1ca0a69d7ab8c3d966c685dcfbf8abdddc6302efdebd73e9486cc66fe42c.

corrected · c3ee635cfe9741b50d3ea8ec923a62b5a944d4602ee4df3f7fde550d9b1d82d3 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: bcb7aa981296cd2190cc36bccf9dbc7b7ffe460e1e626f3e9eea9e7f60c69acd.

corrected · c8c5cad30d346d5488b989dffff56407847526698fa402aaed1d8eb9730def50 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 0b126176ae9f560e4233cf3933f24a0fef3fd3fc806730a67821ef04f0296fda.

corrected · dfdac67f8d1741532d65b53b95c246c5ae2f9a708969a0f4a9b02252a925e8df · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: f88a1f0ff066fe66cce76b7a2a6ff4e28b6667caf64aed84066237ffa1120c2b.

corrected · c2fa4e93f5cf1dc0111b262abff3161adaf314993f3b88afa20a7d6b26a8b3e2 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: d8dfb386330e02e82c35c6e68aa64c8d894ba1479681d21117687e2bc7cd9510.

corrected · 0fd23282bdf8881fdf43254def18357f480481cd4d2b0871a046c31eb7219513 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 81fbd511484a284de43d2fb8e9edd2c3a8589532a9f1160ececf56ec411c1762.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: d434488f5b00cf21ceb3dc6a8adc1ce5859f59f0f15a61319f3f933ffdb6036f.

corrected · e78bccc41ed6a8f4541ed39ecfe09cde900f1cfe06b8596b5227c0107ae07e6a · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 96d6036dd5e13e311aa86c6161c1ff69da8855b2d8f91342a8e88962d6e903be.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 4eec4ea0c52324e91bf623ccbc1174361d0b298baaabd99ccdabc95bb4bc5495.

corrected · 84c42c601cfa3c4c6e7ec4735095bdf0d9fbb766a79b49495b5234d906a281a3 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 72e7a58da1533f696964f8539d841a4fa42b3100303fbb040a9e91efa9713dec.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 6943b5411491e4433d9887bf53aa3543ab74345291e89d06a196d2e0c91109c3.

corrected · 6a4e3f5c4ac0578d2855ad364ca471c451c5a38716f518b1ac2341431504e0fd · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: d5e583bff4f6fa3dbf1c323eface5d376ff163aafbca24a4d8f91a9fc02f04d2.

corrected · 3c923be36162fd4a5e6042e8ceb0147353fb24e26f8fd7d33d67d347f16b2d18 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 1be2279d258586f4d56c1437740fc7f315defc6bcf7af7e046f4c320e2942f8c.

corrected · 1916e2fa15395121e251f8aa35b14d56d4262671eda9077114f7b2cb8ffa957b · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: d8a4eca4fb08f1f29b1ef7e8e161fb05f0face75d25e2f09682d3bb12186d69b.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 59e88099e62bc2c4744531f75732bb9a227e3021d70956727144c9da5dc91cc1.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: ab695b0d97a4100719a4626f304f1747410337303ecca074327637445283af66.

corrected · a0d4338f847705aa0b3fdfd76d6eb38d5785005062c4f5e4e12ce1b90812209f · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 1ca143adbd29dd73f128b819baf5e8e46dcd907d839e3a4945c1985edcb12926.

corrected · c2fa4e93f5cf1dc0111b262abff3161adaf314993f3b88afa20a7d6b26a8b3e2 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: c95b98f176aff59909bae6250599727d45fd7736f4a51c6b71d41cb7214fcea1.

corrected · 3c923be36162fd4a5e6042e8ceb0147353fb24e26f8fd7d33d67d347f16b2d18 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 62b92b36e82ffa4e8b11bfd0565632dd345be21c122c2a540715de9b831efdd0.

corrected · 2afbf53016bc9d2c1eb9e848c8550530e937c02cc9f294084ef8ebd43e1e37b1 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: aa04c9fb2636f7334935353e96588ab61fc0b66d134c06223290feff9fc426b6.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 3068ee9a6dbef4286949af729aaff7919c9dd19e3c69fd722de6dd9f474f6ee0.

corrected · cbd3bab7852c663972d7e3dfebe1e69adf8f7f7ef25adfa36c1cd845a5a72dbc · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: f525e3aa94ac9762f0cb8035e38176e62d1c14f89e591364872818ef19468469.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 7e4ceeb2f239d77b5348530df0b7e8907fbb9f94bda6b6e3c7f19ccdc21d081c.

corrected · 0fe80ac0adae50cd12de07de5369fc11f07ea16abcc3fd36dfe64dfa2047b293 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: d22c41c74f90e2a3d74ea55260f4c473433a2ca2c28c57bb70a2df98d070a532.

corrected · 720bdcbcb54b01fcf7ac508e62cb713d8e56c41144717bd4474d15b6c080d004 · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: ed7457b768e1ee985494fe6632e31839dda3f4ddb910d71bd55a70b8bcdc4619.

corrected · 7c40a7f6f8c46783e9547a765c3214728eb29371124af21519232b784e6a601c · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 9ece887611bdcb76b265c290c01ae68e16f8f66bb21a81ef6a4d8acb003b6e38.

corrected · 6318997d267769fe7d870f2de44a581aa24e0a433bba46dff424cfd4e7c5c80f · 2026-09-18 04:22:05: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 97d8c1c207905bba4f866dea4342a9997fe787aa2b24862ee612cccda8902604.

corrected · bf9593f20664bf475a9bd7a04578862f47eb3b67cd0d41f4c973eb0d5faf4968 · 2026-09-18 04:22:05: The DXYZ FADE_FORCED_FLOW setup is withdrawn because its FT_CEF_NAV trigger was invalidated. Any original open/killed state, direction or capacity is historical and is not a valid current setup or performance observation.

Correction hash: 8502e36f9913315ec6500a8da1494bd20fc0af54d4608e05b6841cebf3a8f70c.

corrected · 7a080da541d132d9a8088b83dad9736aa297a59554d8a41014aba5b7e4275e1a · 2026-09-18 04:22:05: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate.

Correction hash: 7b577c08dc993638ac270261e6810044b41f6d4bf79e2a5d2996b1d79118471e.

corrected · 50974ec6e8f4d52b4411d251ba2331fdfcea81109bd9293754e62938b33fdc4b · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 93baf362b46f811f0d45dc312a3184d75a4005b974110a867b7505a5345628fe.

corrected · 021135f8ad7727749bfcf1c80657a64b856e44a077037c9da3a0361b3d89f206 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: cfd37e089b097d549da444eb7b11c5cc673cd4dec888847215c85521bee5cc36.

corrected · 7c40a7f6f8c46783e9547a765c3214728eb29371124af21519232b784e6a601c · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 90dd89d0391d5d0cf9b6f98c8656e8a943e5c1d6b598d618799dcb235f92b083.

corrected · 0182be499f63c5b68e80ee9a65c2542793e5d156471bb7bae72d11bde25c068d · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 8624de383a1825527197ad802f724a7b002c0133524e12391ad047e46d3df595.

corrected · 68b296062ffa53d3ad9152bb0d503ea747d2e3d76e93f9e96520cac90adc2789 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: d38f37f6aa748253e925aba2021dccdcff747909211fb7bed0f4e37224b33af3.

corrected · c2fa4e93f5cf1dc0111b262abff3161adaf314993f3b88afa20a7d6b26a8b3e2 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: fd6d477e2e0fbce1571d47e1e0e9e6a148dbe6f4a69c3b3e565439bafa4b5145.

corrected · 01822c379d79fc2a90b6e2a763d681fccecedf3327c560178d314d774ca4e6f3 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: c7b5e73b2f8e67d4b0ec9386536e70bc900e154562f858533a9eab83e722f29f.

corrected · 1916e2fa15395121e251f8aa35b14d56d4262671eda9077114f7b2cb8ffa957b · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 7523c8c539083529f488ab7a8e6ff70be9d047eb40b1a8892c38827941039f26.

corrected · 77096b587feed4d270ba30d4d755301020fbb0a408fa9727d84ec0e58b665c87 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 34b78695f8f358902e0ae02ad95b0567e274e015409be69d810f7eed85929009.

corrected · cbd3bab7852c663972d7e3dfebe1e69adf8f7f7ef25adfa36c1cd845a5a72dbc · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 0bd6777a1736f896a849f115abbd3da55592b860acca4c2556985c58854f594e.

corrected · cd920d0c89feae9abc05632ad95a3ad5f36926e78e43b5f60a41a8abf3a42677 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 52f9dfa0006469319b1ae41721a8a9c99afb9936d2b0338b63515eef82b10776.

corrected · 0fd23282bdf8881fdf43254def18357f480481cd4d2b0871a046c31eb7219513 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: 88335010fba23fbff95ac59e286e4e224ed9ae2ca22d032f1f3f6db59de4cf92.

corrected · e0c88e12e958c687891682c78e20a036b774d485e4f85ff7b3988fc590016d58 · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: d3d118417005a50778cda64be36301bacbc87bc0122cbb1e665e53202cf0e7b4.

corrected · 7d6a992041898e2c4b349c2610a901cf32df9471d360bd09b400164b0da51fda · 2026-09-15 06:40:47: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: c8e14861f4e0ca8ef9c6c7183ed4b07100348f14bca3a48bf3693dca9a23191d.

corrected · cef_nav_daily/DXYZ/2026-08-28/legacy_date_join · 2026-09-15 04:06:58: The 20:02:19 UTC filing was unavailable at the 20:00 UTC close. At a $34.74 close, the admissible $24.56 NAV gives a 41.4495% premium, replacing 1.2828% based on the later $34.30 NAV. This correction is published now; it does not backdate a retained source receipt.

Correction hash: df6f2c9e0aa95b73426b322517bc97ea57c21125d703d17c44329fb1c5d7e601.

corrected · c15ac1a7c457b77354415454eb7fdd0b52bea70286d708d9e95157a3eac3bbea · 2026-09-15 04:06:58: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: b574a32073de101173ca3613d94fe81e24891fd8cffff3b7252a1184b2a002d5.

withdrawn · e587d540-b100-53fc-a672-8866755504c6 · 2026-09-15 04:06:58: The DXYZ mechanical forced-sell claim is withdrawn. $30,450,945.15 was excess unsigned turnover, not evidenced compelled selling. Neither direction nor notional is established; its event-date knowledge timestamp is invalid. FT_CEF_NAV emission and dependent opportunity creation are disabled.

Correction hash: 303bcf497be5ca9076268a20ffc784ebbc33785fd69e6f82e745c6eff10c4f61.

corrected · b7789873fefa1373782e172c9a8c4e3596f0515bb5ff833432ae48b4b44b8464 · 2026-09-15 04:06:58: GOOGL's +216.32% EPS surprise is withdrawn. The 9.11 actual and 2.88 estimate lack a verified matching accounting basis. The reported mixed read must be unavailable; no replacement surprise is asserted.

Correction hash: db55815479ff32ea1a90bbef345af30d7ddfd0f6d42c537128ca01dadaf0bca7.

Published Changes in This Issue Period

Open patterns

TOKEN_DEMAND_VS_GPU_SUPPLY_TIGHTENING — alignment across Compute; open since 2 Oct.

Evidence and call changes

Comparison incomplete. Listed changes are confirmed; other changes may be missing.

Semiconductors vs S&P 500: ▲ Bullish — semiconductor equity leadership relative to the broad US market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
CLO BBB vs AAA tranches: ◆ Mixed — marginal risk appetite in the AI buildout's securitized-debt channel (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
High-yield vs investment-grade credit: ◆ Mixed — public-credit risk appetite relevant to AI-buildout financing (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
Equal-weight vs cap-weight S&P: ▼ Bearish — US equity breadth relative to capitalization-weighted equities (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
Nasdaq 100 vs S&P 500: ▲ Bullish — mega-cap concentration in US equities (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
Utilities vs S&P 500: ▼ Bearish — utilities repricing relative to the broad market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
VIX term structure: ▲ Bullish — near-term public-market risk appetite (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
Implied OpenAI valuation: ▲ Bullish — market-implied OpenAI IPO valuation (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Data-centre landlords vs S&P 500: ◆ Mixed — listed data-centre landlord pricing relative to the broad market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
Hyperscalers vs S&P 500: ▲ Bullish — public-market pricing of the hyperscaler cohort relative to the broad market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
Neoclouds vs S&P 500: ▲ Bullish — public-market pricing of the neocloud cohort relative to the broad market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
AI power names vs S&P 500: ▲ Bullish — public-market pricing of the AI-power cohort relative to the broad market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
B200 vs H100 rental price: ▲ Bullish — frontier-vs-installed-base GPU rental pricing (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
GPU rental availability: ◆ Mixed — GPU rental-provider pricing power (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
GPU marketplace depth: ▼ Bearish — GPU rental lessor pricing power (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
H100 spot rental price: ▼ Bearish — H100 rental-provider pricing power (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Inference demand — OpenRouter: ▲ Bullish — OpenRouter public-app inference activity (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Inference demand concentration: ◆ Mixed — durability of routed inference demand (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Inference price cuts (like-for-like): ◆ Mixed — like-for-like inference pricing for compute sellers (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Effective inference price: ◆ Mixed — inference unit economics for compute sellers (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Open-weights token share: ▲ Bullish — substitution pressure on closed-model pricing power (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
CAISO day-ahead power prices: ▼ Bearish — California day-ahead power prices relevant to data-centre siting (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
CAISO implied heat rate: ◆ Mixed — scarcity of dispatchable power net of fuel in CAISO (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
PJM load-growth difference: ▼ Bearish — PJM load-growth difference versus CISO/ERCO (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Dominion total electricity demand: ▲ Bullish — Dominion total electricity demand (Near term); Evidence eligibility changed. Published 2026-10-05T03:39:17.237096+00:00.
Nuclear fuel cycle vs S&P 500: ▼ Bearish — public-market pricing of the long-duration nuclear power cohort relative to the broad market (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.
BDCs vs investment-grade credit: ◆ Mixed — listed BDC pricing relative to investment-grade credit (Near term); Evidence revised; cause unclassified. Published 2026-10-05T03:39:17.237096+00:00.

Today in Brief

Recorded changed reads: 27 chart-local read(s); comparison coverage is stated in the published briefing above.
Current evidence coverage: 32 usable / 19 no read — 16 bullish, 7 bearish, 9 mixed. These are coverage counts, not an aggregate market signal.
Open cross-domain events: 1
Filed capital-structure candidates (trailing 90d): 6
Forced-flow events (trailing 30d): 0
Open monitored opportunities: 0

Cross-Domain Events

Open

Open
code	relationship	domains	detected	horizon d
TOKEN_DEMAND_VS_GPU_SUPPLY_TIGHTENING	alignment	compute_market	2026-10-02 03:33:59+00:00	30

Recently resolved (trailing 14d)

Recently resolved (trailing 14d)
code	domains	resolved	resolution
INFERENCE_PRICE_VS_GPU_COST_SQUEEZE	compute_market	2026-10-05 03:39:15+00:00	The inference-price and GPU-rent trends have re-converged.

Forced Flows & Opportunities

No forced-flow events fired in the trailing 30 days.

No open opportunities.

Settled (trailing 30d — hits, misses, kills, unresolvables at parity; withdrawn rows are excluded from hit/miss denominators)

Settled (trailing 30d — hits, misses, kills, unresolvables at parity; withdrawn rows are excluded from hit/miss denominators)
setup class	instrument	status	settled at	calibration	availability
FADE_FORCED_FLOW	DXYZ	withdrawn	2026-09-18 04:22:04	Not yet graded (0 settled calls)	Retrospective

Filed Capital-Structure Developments

3 confirmed fact(s), 1 awaiting review, and 2 rejected match(es). Pending candidates are not confirmed transactions.

MICROSOFT · Lease commitment uncommenced: 329100000000.00 USD; disclosed 2026-07-29; as of 2026-06-30.
NVIDIA · Purchase obligations total: 366000000000.00 USD; disclosed 2026-08-26; as of 2026-07-26.
NVIDIA · Debt issuance: 25000000000.00 USD; disclosed 2026-06-15; as of 2026-06-18.
Review queue: ORACLE — Capex commitment.

Full filing links, excerpts, reviewer facts, and methodology are in the appendix.

Evidence Appendix — All Directional Observations

B200 vs H100 rental price — ▲ Bullish

subject: frontier-vs-installed-base GPU rental pricing
chart: compute_b200_h100
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-04 22:01:17+00:00
interpretation: The B200/H100 rent ratio is expanding — the frontier premium is strengthening.
evidence: b200_h100_ratio=2.9158135496578894; b200_h100_ratio_change_14d_pct=0.1128840076048827; b200_offered_usd_hr=7.8127604166666655; band_measured_pct=11.288400760488269; band_pct=5.0; h100_spot_usd_hr=2.679444444444444
conflicting evidence: none recorded
What would change this call: The 14-day B200/H100 ratio change crosses the opposite 5% band.
data quality: advertised prices, not closed deals; source records not yet linked
metrics:

unparsed: {'b200_h100_ratio': 2.9158135496578894, 'b200_h100_ratio_change_14d_pct': 0.1128840076048827, 'b200_offered_usd_hr': 7.8127604166666655, 'band': {'inclusive': False, 'schema_version': 1, 'threshold': 5.0, 'unit': '%', 'value': 11.288400760488269, 'window': 'change_14d'}, 'band_measured_pct': 11.288400760488269, 'band_pct': 5.0, 'h100_spot_usd_hr': 2.679444444444444}

GPU rental availability — ◆ Mixed

subject: GPU rental-provider pricing power
chart: compute_availability
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-04 22:01:17+00:00
interpretation: GPU capacity listed as available.
evidence: availability_state=available; capacity_booked_through=None
conflicting evidence: none recorded
What would change this call: Marketplace availability flipping to the opposite state.
data quality: advertised prices, not closed deals; source records not yet linked
metrics:

unparsed: {'availability_state': 'available', 'capacity_booked_through': None}

GPU marketplace depth — ▼ Bearish

subject: GPU rental lessor pricing power
chart: compute_gpu_depth
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-04 22:01:17+00:00
interpretation: Listed H100 supply is growing while offered prices fall — lessor pricing power is weakening.
evidence: h100_depth_change_14d_pct=0.3834586267764065; h100_depth_smoothed_3d=36.8; h100_dispersion_smoothed_3d=2.1766626834869385; h100_price_change_14d_pct=-0.06223983822326994
conflicting evidence: none recorded
What would change this call: The joint 14-day condition reverses: smoothed depth and price changes take the opposite sign pair.
data quality: advertised prices, not closed deals; single marketplace panel; source records not yet linked
metrics:

unparsed: {'h100_depth_change_14d_pct': 0.3834586267764065, 'h100_depth_smoothed_3d': 36.8, 'h100_dispersion_smoothed_3d': 2.1766626834869385, 'h100_price_change_14d_pct': -0.06223983822326994}

GPU resale values — ⊘ No read

subject: GPU asset residual values
chart: compute_residual_value
horizon: Medium term
data through: 2026-10-04
why no read: No qualifying data yet.
reasons: secondary-market data not yet available
data quality: source not yet wired

GPU spot vs contract pricing — ⊘ No read

subject: near-term GPU rental pricing
chart: compute_spot_contract
horizon: Near term
data through: 2026-10-04
why no read: No qualifying data yet.
reasons: not enough term-structure history yet
data quality: advertised prices, not closed deals

H100 spot rental price — ▼ Bearish

subject: H100 rental-provider pricing power
chart: compute_h100_spot
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-04 22:01:17+00:00
interpretation: H100 spot rental prices are softening.
evidence: band_measured_pct=-8.70141700965815; band_pct=8.0; h100_spot_usd_hr=2.679444444444444; spot_trend_30d_pct=-0.0870141700965815
conflicting evidence: none recorded
What would change this call: The 30-day price trend crosses the opposite 8% threshold.
data quality: advertised prices, not closed deals; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': True, 'schema_version': 1, 'threshold': 8.0, 'unit': '%', 'value': -8.70141700965815, 'window': 'change_30d'}, 'band_measured_pct': -8.70141700965815, 'band_pct': 8.0, 'h100_spot_usd_hr': 2.679444444444444, 'spot_trend_30d_pct': -0.0870141700965815}

Inference demand — OpenRouter — ▲ Bullish

subject: OpenRouter public-app inference activity
chart: compute_inference_demand
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:07+00:00
interpretation: Up 18.6% over the last seven snapshots.
evidence: Seven-snapshot token-activity change: 18.62%.
conflicting evidence: none recorded
What would change this call: The activity trend crossing the opposite 2% threshold.
data quality: token counts differ across models; public apps only; rolling 30-day window; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 2.0, 'unit': '%', 'value': 18.622289506995227, 'window': 'seven_snapshots'}, 'band_pct': 2.0, 'token_change_7d_pct': 18.622289506995227, 'top_n': 100, 'total_requests': 2998865038, 'total_tokens': 202698226136243}

Inference demand concentration — ◆ Mixed

subject: durability of routed inference demand
chart: compute_demand_concentration
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:09+00:00
interpretation: Top-10 app concentration is inside its registered 14-day band.
evidence: Fourteen-day concentration change: -0.72pp.; Top-10 apps' share of top-100 attributed tokens: 79.7%.
conflicting evidence: none recorded
What would change this call: The 14-day top-10 concentration change crosses the opposite 1.5-point band.
data quality: public apps only; rolling 30-day window; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.5, 'unit': 'pp', 'value': -0.7223183686627124, 'window': 'change_14d'}, 'band_pp': 1.5, 'top10_app_token_share': 79.74929865554185, 'top10_share_change_14d_pp': -0.7223183686627124}

Inference price cuts (like-for-like) — ◆ Mixed

subject: like-for-like inference pricing for compute sellers
chart: compute_price_cuts
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:09+00:00
interpretation: The like-for-like fixed-basket price is inside its registered 7-day band.
evidence: Cut/raise events vs the prior catalog snapshot: 12 cuts, 7 raises.; Fixed-basket price at prior-day token weights: $0.526/Mtok.; Seven-day like-for-like change: +1.41%.
conflicting evidence: none recorded
What would change this call: The 7-day like-for-like fixed-basket price change crosses the opposite 3% band.
data quality: fixed basket, prior-day token weights; a single router's traffic; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 3.0, 'unit': '%', 'value': 1.4128508098591785, 'window': 'change_7d'}, 'band_pct': 3.0, 'fixed_basket_model_count': 351, 'fixed_basket_price_usd_mtok': 0.5264770292094111, 'like_for_like_change_7d_pct': 1.4128508098591785, 'price_cut_model_count': 12, 'price_raise_model_count': 7}

Effective inference price — ◆ Mixed

subject: inference unit economics for compute sellers
chart: compute_inference_price
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:09+00:00
interpretation: The effective inference price is inside its registered 7-day band.
evidence: Seven-day effective-price change: -7.41%.; Token-weighted effective price: $0.523/Mtok.
conflicting evidence: none recorded
What would change this call: The 7-day effective-price change crosses the opposite 8% band.
data quality: a panel, not a census; a single router's traffic; source records not yet linked; token-weighted blend across models
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 8.0, 'unit': '%', 'value': -7.407444359469251, 'window': 'change_7d'}, 'band_pct': 8.0, 'effective_price_change_7d_pct': -7.407444359469251, 'effective_price_usd_mtok': 0.523307495451378, 'matched_model_count': 351, 'total_standard_tokens': 156445136047457, 'unmatched_token_share': 2.451613967780716}

Model launch cadence — ▲ Bullish

subject: frontier-model supply cadence
chart: compute_model_launches
domain: Compute
horizon: Medium term
legacy data date / knowledge date: 2026-09-01 / 2026-10-04 03:36:46+00:00
interpretation: New-model listings are running ahead of their trailing baseline — frontier-model supply cadence is accelerating.
evidence: Prior twelve-month baseline: 19.8 listings/month.; Relative change: +152.1%.; Trailing three complete months: 150 new listings (50.0/month).
conflicting evidence: Retroactive months undercount models delisted before the first catalog snapshot, which biases the trailing-vs-baseline comparison toward acceleration.
What would change this call: The trailing-3-month listing rate crosses the opposite 25% band versus the prior-12-month baseline.
data quality: a single router's traffic; source records not yet linked; retroactive series — survivorship-biased
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 25.0, 'unit': '%', 'value': 152.1008403361345, 'window': 'rate_3mo_vs_prior_12mo'}, 'band_rel_pct': 25.0, 'baseline_12mo_rate': 19.833333333333332, 'listing_rate_change_pct': 152.1008403361345, 'newest_complete_month': '2026-09-01', 'trailing_3mo_listings': 150, 'trailing_3mo_rate': 50.0}

Open-weights token share — ▲ Bullish

subject: substitution pressure on closed-model pricing power
chart: compute_openweights_share
domain: Compute
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:09+00:00
interpretation: The open-weights token share is falling through its band — substitution pressure on closed-model pricing power is easing.
evidence: Fourteen-day share change: -20.22pp.; Open-weights share of routed standard tokens: 51.7%.
conflicting evidence: none recorded
What would change this call: The 14-day open-weights share change crosses the opposite 2-point band.
data quality: a panel, not a census; a single router's traffic; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 2.0, 'unit': 'pp', 'value': -20.222186406688856, 'window': 'change_14d'}, 'band_pp': 2.0, 'chinese_lab_share_change_14d_pp': -20.2642092086243, 'chinese_lab_token_share': 50.07906250633767, 'matched_model_count': 351, 'openweights_share_change_14d_pp': -20.222186406688856, 'openweights_token_share': 51.67174475970214}

TSMC monthly revenue — ▲ Bullish

subject: leading foundry demand represented by TSMC monthly revenue
chart: supply_tsmc_revenue
domain: Supply chain
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-09-16 16:00:00+00:00
interpretation: Up 53.3% over the last year.
evidence: tsmc_revenue published year-on-year growth: 53.32%.
conflicting evidence: none recorded
What would change this call: Year-over-year growth crossing zero.
data quality: source publication time unverified
metrics:

unparsed: {'mom_pct': 10.099818994181083, 'source_period': '2026-08-01', 'value': 514805337000.0, 'yoy_pct': 53.320053714712955}

Korean chip exports — ⊘ No read

subject: Korean semiconductor export demand
chart: supply_korea_semiconductor_exports
horizon: Near term
data through: 2026-10-04
why no read: No qualifying data yet.
reasons: monthly growth figure not yet available
data quality: none

CAISO day-ahead power prices — ▼ Bearish

subject: California day-ahead power prices relevant to data-centre siting
chart: power_lmp_caiso
domain: Power
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:18+00:00
interpretation: California day-ahead power prices are running materially above their prior two-week average.
evidence: CAISO NP15 DA 7-day average $49.19/MWh vs prior 14-day $41.41/MWh (+18.8%)
conflicting evidence: none recorded
What would change this call: The seven-day average day-ahead price re-crosses the registered ±15% band versus the prior fourteen-day average.
data quality: secondary AI region — proxy read; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': True, 'schema_version': 1, 'threshold': 15.0, 'unit': '%', 'value': 18.780217674980364, 'window': 'mean_7d_vs_prior_14d'}, 'band_pct': 15.0, 'caiso_da_7d_avg_usd_mwh': 49.192551561624654, 'caiso_da_prior_14d_avg_usd_mwh': 41.41476798453997, 'caiso_da_trend_pct': 18.780217674980364}

CAISO implied heat rate — ◆ Mixed

subject: scarcity of dispatchable power net of fuel in CAISO
chart: power_heat_rate_caiso
domain: Power
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:18+00:00
interpretation: The CAISO implied heat rate is tracking its prior two-week average.
evidence: CAISO NP15 DA implied heat rate 7-day average 15.50 MMBtu/MWh vs prior 14-day 14.01 (+10.6%)
conflicting evidence: none recorded
What would change this call: The seven-day average implied heat rate re-crosses the registered ±15% band versus the prior fourteen-day average.
data quality: Henry Hub gas proxy, not local basis; latest gas print lags the power print; secondary AI region — proxy read; source records not yet linked
metrics:

unparsed: {'band': {'inclusive': True, 'schema_version': 1, 'threshold': 15.0, 'unit': '%', 'value': 10.643198870624287, 'window': 'mean_7d_vs_prior_14d'}, 'band_pct': 15.0, 'caiso_heat_rate_7d_avg': 15.499562527248827, 'caiso_heat_rate_prior_14d_avg': 14.008599430835828, 'caiso_heat_rate_trend_pct': 10.643198870624287, 'gas_print_max_lag_days': 5}

PJM load-growth difference — ▼ Bearish

subject: PJM load-growth difference versus CISO/ERCO
chart: power_dc_load_premium
domain: Power
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:18+00:00
interpretation: PJM total load growth is below the CISO/ERCO regional mean by more than the registered band.
evidence: PJM 7-day mean weather-blind YoY +1.11% vs control mean +13.42% (gap -12.30pp)
conflicting evidence: none recorded
What would change this call: The seven-day mean PJM-minus-control YoY growth gap re-crosses the registered ±1.5-point band.
data quality: regional comparison; causes of the difference are not identified; source records not yet linked; weather-blind same-week YoY method
metrics:

unparsed: {'band': {'inclusive': True, 'schema_version': 1, 'threshold': 1.5, 'unit': 'pp', 'value': -12.301231201166075, 'window': 'yoy_gap_7d_mean'}, 'band_pp': 1.5, 'ciso_load_yoy_7d_pct': 19.41192901946598, 'dc_load_premium_pp': -12.301231201166075, 'erco_load_yoy_7d_pct': 7.419962841423777, 'pjm_load_yoy_7d_pct': 1.1147147292788016}

Dominion total electricity demand — ▲ Bullish

subject: Dominion total electricity demand
chart: power_load_nova
domain: Power
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-05 03:37:09+00:00
interpretation: Dominion total electricity demand is growing versus the same week last year, above the registered band.
evidence: Dominion-zone 7-day mean weather-blind YoY +13.96% (n=5)
conflicting evidence: none recorded
What would change this call: The seven-day mean weather-blind year-over-year growth re-crosses the registered ±3% band.
data quality: total regional demand; data-centre consumption is not isolated; source records not yet linked; weather-blind same-week YoY method
metrics:

unparsed: {'band': {'inclusive': True, 'schema_version': 1, 'threshold': 3.0, 'unit': '%', 'value': 13.96052065894339, 'window': 'yoy_7d_mean'}, 'band_pct': 3.0, 'nova_load_yoy_7d_pct': 13.96052065894339, 'nova_load_yoy_window_obs': 5}

N. Virginia power basis — ⊘ No read

subject: Northern Virginia data-centre power economics
chart: power_basis_nova
horizon: Near term
data through: 2026-10-04
why no read: No qualifying data yet.
reasons: power-basis data not yet available
data quality: none

Nuclear fuel cycle vs S&P 500 — ▼ Bearish

subject: public-market pricing of the long-duration nuclear power cohort relative to the broad market
chart: power_nuclear_spx
domain: Power
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Down 14.0% over the last 30 days.
evidence: 30-day relative-price change: -14.03%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 2.0% threshold.
data quality: correlation, not exposure evidence; price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 2.0, 'unit': '%', 'value': -14.030512945373609, 'window': 'change_30d'}, 'band_pct': 2.0, 'change_30d_pct': -14.030512945373609, 'components': ['BWXT.US', 'CCJ.US', 'GSPC.INDX', 'LEU.US', 'OKLO.US', 'URNM.US'], 'series': 'BASKET_NUCLEAR_SPX', 'source_lineage': {'adjustment_snapshots': {'BWXT.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '3facb12560e174b508aa9e67201e90846db9706fd5bcb7f9ba528e9472cbeacd', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'd22e8a0dbb3cb41e3ce4f6965be45c9714807944f5fc6bbecce635c6925711ee', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '908af171dbcd70ab5b83b01e454a19fc384d9b05ce21f7972c36d74a62c1454f', 'symbol': 'BWXT.US'}, 'CCJ.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '926738b426f8a20aeec89b84ee672bc5d87d8f2ebb9a635e2fa63af95e7b1fea', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '14297238137c1119803b024e33cd52f7450ad83baecfff0c3aab236bb8eb0839', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '291581888433f763796f9ce24f6baba1f7864c87fbd78e0d7d1d9c2f52d90bcf', 'symbol': 'CCJ.US'}, 'GSPC.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6d293e723684758ec7bf23b66aa9f5f229e2c13319c4e9e3b25d7c9664d87755', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'ecdae1fa618d13227acd6c8d91a669f62834e2643f9cd4b0b3fa003eb3d37bea', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '27ec9bfaf5263ee250bc3abbe0034c1b457c24b40845818e93cd44a5e70553cb', 'symbol': 'GSPC.INDX'}, 'LEU.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '47bb9aeeb03c5049023092149e1cc0e8666358e5131fcaa18f1293e2d37b82cb', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '059e7805c713c9b053af7f2056302fc13e6668c693b2338aaca8f14c639464eb', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '6f826606c3f23d97979ce1bc0b2c36399d10527892f0d23f095c6718bd1eb1b3', 'symbol': 'LEU.US'}, 'OKLO.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': 'a4669d491ccc680e982db39b50f02b18d712aa2099db61cf679ca183389f1c04', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '4f8a8781cea9f9eadbc5b2b12be81518b964f98766e1cee6a6150c887a47fe2c', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '377551502d606e918f4ad54f183967b31a48211ec41de8b3fa318212aa922716', 'symbol': 'OKLO.US'}, 'URNM.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': 'd0c3372309f155b8cb383e98f52a2b35391780b2dd78229b11cbc410160826bf', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '87454a8bdc30b38f8d83b9c76016de920b91c740fdbd368e74f6aaa36d86c9ca', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '63ea42770b6f01e1d4364ed5db97c36bfc6282442531ede0a4ae5ed55392a04a', 'symbol': 'URNM.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['GSPC.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 3, 'numerator': ['CCJ.US', 'LEU.US', 'OKLO.US', 'BWXT.US', 'URNM.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-04 03:37:59.065000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:3ebbee8f9a0f606e5bd60dff63da323eff824bfa7fb39378eb8c529d4cc5543f:da4984d9da02875e67dbdd24317bed1a8f8d60bc0055f003c49c792b23e8ca4d', 'symbol': 'BWXT.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:3155d91addc1fce37f41127dcb5e50efcf0bddeb8e8b41857b0e8ec07089842c:60324521a350ccb664d6675b56f4e77fb3903fdaa316e4ef1b68eab75b4d3118', 'symbol': 'CCJ.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:aaf6713e761eca58cf5753231a89a750e9b7f737fb9b7891ff9c8ef0e7228d2d:bb573cf578e3355886c212c71da40dcd1f2761cd4dfa6e01366b426fff38d992', 'symbol': 'LEU.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:03e1ce1175cca63cf6ebed609d4891ec281758462d0cfac6ea952af7a7fb9dfe:902b862cc58a59d35c6e6d818e5cfcd50e3533c6b0be32920b568b2a2e1f2237', 'symbol': 'OKLO.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:1692c51e3633998b21388d507e5de3023164889adc5bbd497391bc41df3f3e8f:f80e34f65694748361090b6124ff216d28cf1aee3fe7e2eb9d673d3f4e873f37', 'symbol': 'URNM.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:81f18c0b8fb296f9200aa02ffe7f4776d43cffe2ba88c4904389b5c12dd0c099:c766d5a06d5851e01a85cd63384d0826adcc950ee3f849d0c693e486d7f995f2', 'symbol': 'BWXT.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:06da2f010ee1cfa8abc90f56ce00efbc0b6d567df2fc08c0aae66a21f86d13f0:c5fd71775d0e2c2df35fc567caae281845ababf38e81f2311b3dcd9d09bb9a53', 'symbol': 'CCJ.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:4bcfb74dde85aaf29f16a35691a432a363224ac61e3394d3b94ac678adab8324:dc5d6ef6c510df40cd3e27fcc59dba7f6272185352ef84167bf55b92734d9b53', 'symbol': 'LEU.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:818fb0f0c9df67b53b1bfb3a6db998a35f1647b7472ea45b2812928e7991829b:8f526fcdd8ca50474902a7bb4a7e8a93410927ee0a32cd7c30e5db715b3802a5', 'symbol': 'OKLO.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:a43f53aadf1ae085bc5bfc14500ed40b70bd80ee942052d6505fe9dab3b096dd:03c573df99ca29ec80d3b09848b0fce96f44d7b79875080d913fbc6263f22320', 'symbol': 'URNM.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:3cfbb38dfbd57c60d69bfa21705de845427a4cca046279edc9ada8a56091f13b:e479d93b56397b0a637027e4f1d120d0547a6259f9cf44159655961c47b22025', 'symbol': 'BWXT.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:67300f42b542ef8430e220c5495c0edf4d17e6cceb1939573cbb94dd0c0a8da0:4fdd910af0c9f1295577d1ebf5a2c8f4a40b575fa0973a13ee684d114a3ebe6c', 'symbol': 'CCJ.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:f1a4182dd33837140a1c078a21e9e113541580f17a60fc01e9e79c7607b64a7f:67d6ae2583ac46d6a752c21704d1d8cea3f46d1d3d53156cb047df471150fb24', 'symbol': 'LEU.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:f37cf4be570ed6b975614fc8ada57a0e02e2a79ffa05630b7d6cb96cc70d5daa:9804a4346e4bccd6e98114662ea577fda8bce7b38569879c634cd6e336301771', 'symbol': 'OKLO.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:0fb880f9304f38381163395c0833f292e4a728dc192cd11510399fc9b60680d5:6cd899b986286d406d54342c5b305b4d216f93b61b3f58a64447b9d44f1b63be', 'symbol': 'URNM.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:03e1ce1175cca63cf6ebed609d4891ec281758462d0cfac6ea952af7a7fb9dfe:902b862cc58a59d35c6e6d818e5cfcd50e3533c6b0be32920b568b2a2e1f2237', 'aib_bronze.equity_ohlcv:06da2f010ee1cfa8abc90f56ce00efbc0b6d567df2fc08c0aae66a21f86d13f0:c5fd71775d0e2c2df35fc567caae281845ababf38e81f2311b3dcd9d09bb9a53', 'aib_bronze.equity_ohlcv:0fb880f9304f38381163395c0833f292e4a728dc192cd11510399fc9b60680d5:6cd899b986286d406d54342c5b305b4d216f93b61b3f58a64447b9d44f1b63be', 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'aib_bronze.equity_ohlcv:67300f42b542ef8430e220c5495c0edf4d17e6cceb1939573cbb94dd0c0a8da0:4fdd910af0c9f1295577d1ebf5a2c8f4a40b575fa0973a13ee684d114a3ebe6c', 'aib_bronze.equity_ohlcv:818fb0f0c9df67b53b1bfb3a6db998a35f1647b7472ea45b2812928e7991829b:8f526fcdd8ca50474902a7bb4a7e8a93410927ee0a32cd7c30e5db715b3802a5', 'aib_bronze.equity_ohlcv:81f18c0b8fb296f9200aa02ffe7f4776d43cffe2ba88c4904389b5c12dd0c099:c766d5a06d5851e01a85cd63384d0826adcc950ee3f849d0c693e486d7f995f2', 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'aib_bronze.equity_ohlcv:a43f53aadf1ae085bc5bfc14500ed40b70bd80ee942052d6505fe9dab3b096dd:03c573df99ca29ec80d3b09848b0fce96f44d7b79875080d913fbc6263f22320', 'aib_bronze.equity_ohlcv:aaf6713e761eca58cf5753231a89a750e9b7f737fb9b7891ff9c8ef0e7228d2d:bb573cf578e3355886c212c71da40dcd1f2761cd4dfa6e01366b426fff38d992', 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'aib_bronze.equity_ohlcv:f1a4182dd33837140a1c078a21e9e113541580f17a60fc01e9e79c7607b64a7f:67d6ae2583ac46d6a752c21704d1d8cea3f46d1d3d53156cb047df471150fb24', 'aib_bronze.equity_ohlcv:f37cf4be570ed6b975614fc8ada57a0e02e2a79ffa05630b7d6cb96cc70d5daa:9804a4346e4bccd6e98114662ea577fda8bce7b38569879c634cd6e336301771'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 54.84768240764627}

PJM electricity demand — ⊘ No read

subject: PJM electricity demand
chart: power_load_pjm
horizon: Near term
data through: 2026-10-04
why no read: PJM load z-score is withheld: the 28-day weekday baseline has at most four observations.
reasons: load baseline still accumulating (needs 28 days)
data quality: insufficient z sample; total regional demand; data-centre consumption is not isolated; weekday baseline; weather effects not isolated

PJM day-ahead vs real-time prices — ⊘ No read

subject: near-term PJM electricity demand
chart: power_da_rt_spread
horizon: Near term
data through: 2026-10-04
why no read: No qualifying data yet.
reasons: day-ahead/real-time price data not yet available
data quality: none

Data-centre power capacity delivery — ⊘ No read

subject: AI data-centre capacity delivery
chart: power_capacity_delivery
horizon: Structural
data through: 2026-10-04
why no read: Capacity filings not yet wired in.
reasons: capacity filings not yet wired in
data quality: data plane not yet built

Colo asking rents — N. Virginia — ▲ Bullish

subject: landlord pricing power in Northern Virginia colocation
chart: colo_asking_rates
domain: Colocation
horizon: Quarterly
legacy data date / knowledge date: 2026-03-31 / 2026-06-17 00:00:00+00:00
interpretation: Asking rents at $212.50/kW-month and rising.
evidence: Public page states a $190-$235 range and continued average-rate increase
conflicting evidence: none recorded
What would change this call: The next market report showing the metric moving the other way.
data quality: dated public research; not a continuous feed
metrics:

unparsed: {'direction': 'increased', 'market': 'Northern Virginia', 'metric': 'asking_rent_midpoint_usd_kw_month', 'prior_value': None, 'source_url': 'https://www.cbre.com/insights/reports/global-data-center-trends-2026', 'unit': 'usd_per_kw_month', 'value': 212.5}

Colo capacity delivered — N. Virginia — ▲ Bullish

subject: delivered wholesale colocation capacity in Northern Virginia
chart: colo_capacity_delivery
domain: Colocation
horizon: Quarterly
legacy data date / knowledge date: 2026-03-31 / 2026-06-17 00:00:00+00:00
interpretation: 1,136 MW added year over year and rising.
evidence: CBRE public webpage, Q1 2026 delivered inventory increase
conflicting evidence: none recorded
What would change this call: The next market report showing the metric moving the other way.
data quality: dated public research; not a continuous feed
metrics:

unparsed: {'direction': 'increased', 'market': 'Northern Virginia', 'metric': 'inventory_added_yoy_mw', 'prior_value': None, 'source_url': 'https://www.cbre.com/insights/reports/global-data-center-trends-2026', 'unit': 'mw', 'value': 1135.9}

Data-centre landlords vs S&P 500 — ◆ Mixed

subject: listed data-centre landlord pricing relative to the broad market
chart: colo_public_landlords_spx
domain: Colocation
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Down 0.4% over the last 30 days.
evidence: 30-day relative-price change: -0.42%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 2.0% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 2.0, 'unit': '%', 'value': -0.42275914008813587, 'window': 'change_30d'}, 'band_pct': 2.0, 'change_30d_pct': -0.42275914008813587, 'components': ['DLR.US', 'EQIX.US', 'GSPC.INDX', 'IRM.US'], 'series': 'BASKET_COLO_SPX', 'source_lineage': {'adjustment_snapshots': {'DLR.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '4a1596a6a057f9bfec4a5d170acb61cf05c2089c7b23203bff405c6b3b4d2785', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '908d89e773bf5eb58448e1f1a6cbcc054ccc468dcbfc0b53d4d190db3e27f5cb', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '13f807950c67cd06c5a967a543d1fec3774debfcbc9be71c0092605cc11700d0', 'symbol': 'DLR.US'}, 'EQIX.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '78c50ca97a7e6d5a046cc30f042e96e4e4a901fe56318255a23dcd00494ef040', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'b21bed25d49a2c3374bd3e1e9a2a477394c0c6afe351f6eeaa463fab583898ff', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'a491e546009e8af71efbef4a957b15d7487cd9fac64b20dbfeeeae3c5464fa63', 'symbol': 'EQIX.US'}, 'GSPC.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6d293e723684758ec7bf23b66aa9f5f229e2c13319c4e9e3b25d7c9664d87755', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'ecdae1fa618d13227acd6c8d91a669f62834e2643f9cd4b0b3fa003eb3d37bea', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '27ec9bfaf5263ee250bc3abbe0034c1b457c24b40845818e93cd44a5e70553cb', 'symbol': 'GSPC.INDX'}, 'IRM.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '0a323ca880e24277b7a38e76d1518e378e6caa5ce04bc40d24af6975dea82568', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '21be63961798aff152c5e93a80882d850eed9b9b8f4302c18680494fd39ba452', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '64c2929dffb4fecd52d7191ffaf087a141115c3cceebfbb83264b65715122884', 'symbol': 'IRM.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['GSPC.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 2, 'numerator': ['DLR.US', 'EQIX.US', 'IRM.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-04 03:37:59.065000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:12d2b1bfd45211c1e65a6448e20c21544c5839403bef2321a041d92b94bdc18c:aa185a60a4789be3bff031819588c9a1dc66401d773bd665c48f09933def3a98', 'symbol': 'DLR.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:32b59eb4501ab3ae3dc2dcc25e9caede0316370b20dd8bd99e8cebdf0759bb04:ef56190cd1b14a979c84b302a9ee279a85dde15f63193a40e8b604f8325decb2', 'symbol': 'EQIX.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:fefef14cf3ed0f5bcfbfdd5e45269bef8c3e8e02a98c58d5c37440bf9b40ce28:736c8fe35a206a8d90299660fffb072e5a0e7e7b3862dcf10d213e490fd49fff', 'symbol': 'IRM.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:0bb07028da2104b51cf23df9440a66b0626bbffde8b7fc590ba2831a848c2822:926c624a01094a4a2c586aab6e9240d113c9b4b893e20c441592a8d4310cfc72', 'symbol': 'DLR.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:318f81e0a1561bdff9039e379857e198011ee97a2cf9e952291f3282aeda6dfe:43e55207343026fd09f4e9984ae6e288106c48c30c26d0645258f748a25fccad', 'symbol': 'EQIX.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:fe31c8dfea82be24cef4fa4e16d6d75769ba89f5fa8f506191059f4ea4f042f2:1a5de9b424a65dd253d6ace421021bc239bd6b315ecf1666cb52eba9b8b896de', 'symbol': 'IRM.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:bd1b2505bab4a1d14980caa2b5c33d026697a998f56cee8ad5dd036ccf5ad352:cb493269b9b151e6a3347250ba582387288d0530429e9af78cdfc4c976f048ed', 'symbol': 'DLR.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:a4f54409f94b3eb7d6180e3805dfcaef2b38952e2eda3fdbdb75fbf70499eeb6:c43c03c0168f412d8816aa48b10999ff9cf7ee5bdcdae59bf2fd04277c33d9e5', 'symbol': 'EQIX.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:5949f310b6fcf3a98cd5d3eb7600a56233b06621fd8a14fb6746c1bf9c9b37aa:62e0990d228e56a47b8d9108a74218bf60362b1b20d5f755e86f2a64e5e7d194', 'symbol': 'IRM.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:0bb07028da2104b51cf23df9440a66b0626bbffde8b7fc590ba2831a848c2822:926c624a01094a4a2c586aab6e9240d113c9b4b893e20c441592a8d4310cfc72', 'aib_bronze.equity_ohlcv:12d2b1bfd45211c1e65a6448e20c21544c5839403bef2321a041d92b94bdc18c:aa185a60a4789be3bff031819588c9a1dc66401d773bd665c48f09933def3a98', 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'aib_bronze.equity_ohlcv:318f81e0a1561bdff9039e379857e198011ee97a2cf9e952291f3282aeda6dfe:43e55207343026fd09f4e9984ae6e288106c48c30c26d0645258f748a25fccad', 'aib_bronze.equity_ohlcv:32b59eb4501ab3ae3dc2dcc25e9caede0316370b20dd8bd99e8cebdf0759bb04:ef56190cd1b14a979c84b302a9ee279a85dde15f63193a40e8b604f8325decb2', 'aib_bronze.equity_ohlcv:5949f310b6fcf3a98cd5d3eb7600a56233b06621fd8a14fb6746c1bf9c9b37aa:62e0990d228e56a47b8d9108a74218bf60362b1b20d5f755e86f2a64e5e7d194', 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'aib_bronze.equity_ohlcv:a4f54409f94b3eb7d6180e3805dfcaef2b38952e2eda3fdbdb75fbf70499eeb6:c43c03c0168f412d8816aa48b10999ff9cf7ee5bdcdae59bf2fd04277c33d9e5', 'aib_bronze.equity_ohlcv:bd1b2505bab4a1d14980caa2b5c33d026697a998f56cee8ad5dd036ccf5ad352:cb493269b9b151e6a3347250ba582387288d0530429e9af78cdfc4c976f048ed', 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'aib_bronze.equity_ohlcv:fe31c8dfea82be24cef4fa4e16d6d75769ba89f5fa8f506191059f4ea4f042f2:1a5de9b424a65dd253d6ace421021bc239bd6b315ecf1666cb52eba9b8b896de', 'aib_bronze.equity_ohlcv:fefef14cf3ed0f5bcfbfdd5e45269bef8c3e8e02a98c58d5c37440bf9b40ce28:736c8fe35a206a8d90299660fffb072e5a0e7e7b3862dcf10d213e490fd49fff'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 110.98475078439283}

Colo vacancy — N. Virginia — ▲ Bullish

subject: landlord pricing power in Northern Virginia colocation
chart: colo_vacancy
domain: Colocation
horizon: Quarterly
legacy data date / knowledge date: 2026-03-31 / 2026-06-17 00:00:00+00:00
interpretation: Vacancy at 0.3% and falling.
evidence: CBRE public webpage, Q1 2026
conflicting evidence: none recorded
What would change this call: The next market report showing the metric moving the other way.
data quality: dated public research; not a continuous feed
metrics:

unparsed: {'direction': 'decreased', 'market': 'Northern Virginia', 'metric': 'vacancy_pct', 'prior_value': 0.8, 'source_url': 'https://www.cbre.com/insights/reports/global-data-center-trends-2026', 'unit': 'pct', 'value': 0.3}

Hyperscalers vs S&P 500 — ▲ Bullish

subject: public-market pricing of the hyperscaler cohort relative to the broad market
chart: exposure_hyperscaler_spx
domain: Company exposure
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 3.8% over the last 30 days.
evidence: 30-day relative-price change: 3.77%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 2.0% threshold.
data quality: correlation, not exposure evidence; price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 2.0, 'unit': '%', 'value': 3.769393834837098, 'window': 'change_30d'}, 'band_pct': 2.0, 'change_30d_pct': 3.769393834837098, 'components': ['AMZN.US', 'GOOGL.US', 'GSPC.INDX', 'META.US', 'MSFT.US', 'ORCL.US'], 'series': 'BASKET_HYPERSCALER_SPX', 'source_lineage': {'adjustment_snapshots': {'AMZN.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '8279000b89cac3484ea953bd95d8be0ea772127d99da4c3f339c6fb10d83cd7a', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '654c6d6acb41f82cb8d62715d9f67ba3321955afe886a5fc97ca67c8fd2c48c7', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '1a3fe00dcc93d528c47ba3fe9ed15e23e0d4b60ca5450ec803bcb1703f192bd0', 'symbol': 'AMZN.US'}, 'GOOGL.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': 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Neoclouds vs S&P 500 — ▲ Bullish

subject: public-market pricing of the neocloud cohort relative to the broad market
chart: exposure_neocloud_spx
domain: Company exposure
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 11.8% over the last 30 days.
evidence: 30-day relative-price change: 11.79%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 2.0% threshold.
data quality: correlation, not exposure evidence; price action, not fundamentals
metrics:

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'epoch_values_hash': 'a5da2b7200a4c2bb947cddb07cdb38aa80075b76b2d7a09051c5b6e7c27f9b2b', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '7e4178479a01c235cd749732abe3bb5bedf6df020961b0983716b591764caf70', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'f27a070a3528ec6e38503ccf7899e66b9b5c835c6b801c97a88d67387a83174a', 'symbol': 'IREN.US'}, 'NBIS.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '113adf024a0aa1c04901cb292b7cc9e4c80ba10603bb2a238e2e376a2397415e', 'history_end': '2026-10-02', 'history_start': '2024-10-21', 'history_values_hash': 'cdc46bd925da667615670472c3efd47318129718fe42e5f06e80f725052e4072', 'requested_end': '2026-10-05', 'requested_start': '2024-10-05', 'row_count': 489, 'schema_version': 1, 'snapshot_id': '44e6356a2f8ba4860011bb039c3c49d9242141a3d0725cc5f2614957a0612740', 'symbol': 'NBIS.US'}}, 'comparison_date': '2026-09-02', 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AI power names vs S&P 500 — ▲ Bullish

subject: public-market pricing of the AI-power cohort relative to the broad market
chart: exposure_power_spx
domain: Company exposure
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 3.4% over the last 30 days.
evidence: 30-day relative-price change: 3.35%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 2.0% threshold.
data quality: correlation, not exposure evidence; price action, not fundamentals
metrics:

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Semiconductors vs S&P 500 — ▲ Bullish

subject: semiconductor equity leadership relative to the broad US market
chart: capital_sox_spx
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 15.0% over the last 30 days.
evidence: 30-day relative-price change: 15.01%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 2.0% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 2.0, 'unit': '%', 'value': 15.009471649302085, 'window': 'change_30d'}, 'band_pct': 2.0, 'change_30d_pct': 15.009471649302085, 'components': ['GSPC.INDX', 'SOX.INDX'], 'series': 'RATIO_SOX_SPX', 'source_lineage': {'adjustment_snapshots': {'GSPC.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6d293e723684758ec7bf23b66aa9f5f229e2c13319c4e9e3b25d7c9664d87755', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'ecdae1fa618d13227acd6c8d91a669f62834e2643f9cd4b0b3fa003eb3d37bea', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '27ec9bfaf5263ee250bc3abbe0034c1b457c24b40845818e93cd44a5e70553cb', 'symbol': 'GSPC.INDX'}, 'SOX.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': 'b73192ebc99d6fb99cf37a01b013707cb70669b826af0b1ea65b5dc3a35fe0b9', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '46144a2efe08df70bace8d3cdb70abbc5283b9554411783d4bf3f82e6a8d150d', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'ad4e5d7b31e5a1b4f952fca2be6ede4053622cd335940ebaf143920c1e3084fd', 'symbol': 'SOX.INDX'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['GSPC.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['SOX.INDX'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-03 07:25:07.721000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:26b005ee7a0bd82e3baf73f7e5c7d2d8e6574352d7adb0e2152eb638b1f41f8a:9c437d35ed8fc7d021d5384531827372936fa9c6f347b4a4f477c363c79c6292', 'symbol': 'SOX.INDX'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:e9ebe888480ca63a4445bfa94ad6b082d0dfe1b00c20aa0c57e5b2d6d831f69f:a0d559fee8cb9922cf7ea30939d991de71777ff4de940fffaafa26b087cc1661', 'symbol': 'SOX.INDX'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:9e21494c0d9216cc88d47bf9daa6d6d9ae7ec805a1faca727f2c85c671eb5ea9:f59477aecb4eb8af675ae210e88501832f6289d153f1cad72d0376cc97a8fc1b', 'symbol': 'SOX.INDX'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'aib_bronze.equity_ohlcv:26b005ee7a0bd82e3baf73f7e5c7d2d8e6574352d7adb0e2152eb638b1f41f8a:9c437d35ed8fc7d021d5384531827372936fa9c6f347b4a4f477c363c79c6292', 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'aib_bronze.equity_ohlcv:9e21494c0d9216cc88d47bf9daa6d6d9ae7ec805a1faca727f2c85c671eb5ea9:f59477aecb4eb8af675ae210e88501832f6289d153f1cad72d0376cc97a8fc1b', 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'aib_bronze.equity_ohlcv:e9ebe888480ca63a4445bfa94ad6b082d0dfe1b00c20aa0c57e5b2d6d831f69f:a0d559fee8cb9922cf7ea30939d991de71777ff4de940fffaafa26b087cc1661'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 145.88764541885772}

CLO BBB vs AAA tranches — ◆ Mixed

subject: marginal risk appetite in the AI buildout's securitized-debt channel
chart: capital_jbbb_jaaa
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 0.0% over the last 30 days.
evidence: 30-day relative-price change: 0.02%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 1.0% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.0, 'unit': '%', 'value': 0.0177874178684867, 'window': 'change_30d'}, 'band_pct': 1.0, 'change_30d_pct': 0.0177874178684867, 'components': ['JAAA.US', 'JBBB.US'], 'series': 'RATIO_JBBB_JAAA', 'source_lineage': {'adjustment_snapshots': {'JAAA.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': 'a07458e39ad78cb46e89490dddb81cdd65f22307c28f050287280a1e23cd5ec6', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '362b6821e207ba4e7dc03d70300196f41f168c8c0d2a7c5e79ed371775c88e8a', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '5710771a583aeae2c28c10868f6edcd2279d765a76afd8501bd37040a7294613', 'symbol': 'JAAA.US'}, 'JBBB.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '666eeb5606b33ef79cd457f3ca385c8f1301cb57c7a15ea3ceefa6b6086192b5', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '8f71895df1f0677d95e6b1575a7bc298512b2f91bf09b62a7c3fca8496e400f7', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '44ca32eba64cc7c078e22cad61b2ed7d6edfb970ec2ab5cf66f416a24b204bae', 'symbol': 'JBBB.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['JAAA.US'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['JBBB.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-04 03:37:59.065000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:2d10010c7d2ffa664ae6d335932bad754337bfbd56be83c00ca0c1631e36d715:861de179006a0ae6bc9ae01268eb81f683f96b65488a769f3410c8fb50285431', 'symbol': 'JAAA.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:e14337285aa81aa0d734e0566aa67b91b27fa89bf56b533b68ec911e17712946:77de20ca221a5f0bee0591ce6623b3c97555ae508609b4707c316dd437a892fb', 'symbol': 'JBBB.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:b209e17677e26c4a7f338caa75e8f75e06d651cf68116442b110783d4de7b6b9:cf139f7fb848fd78555d6a9bc48bba8d695c16c9402a151eb451816f22b0e219', 'symbol': 'JAAA.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:e6424a61f45c825001915cec1fd032a38eecb0f763ceadbd9ec688472f30eeaf:e401d39a66301222e1be6ca5b29ec950e58145f862f5964831b89d163de62791', 'symbol': 'JBBB.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:2e15f309b66c47214d26f11d6b748b73129d7908e06f0c45f600a63cd8fda3a8:ec9ad42f575bfa61b7130b23f76ff32b30d50f8d3965db1fc813e6d3417a8d47', 'symbol': 'JAAA.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:2c66b1ee4c0ac66ada787b1ba99b8717a1443125beb6df11204f99f0a9088ff8:2cb0efe603f9ad24638198e0b55dcd0b3de83d2a9397de8821a61af127657903', 'symbol': 'JBBB.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:2c66b1ee4c0ac66ada787b1ba99b8717a1443125beb6df11204f99f0a9088ff8:2cb0efe603f9ad24638198e0b55dcd0b3de83d2a9397de8821a61af127657903', 'aib_bronze.equity_ohlcv:2d10010c7d2ffa664ae6d335932bad754337bfbd56be83c00ca0c1631e36d715:861de179006a0ae6bc9ae01268eb81f683f96b65488a769f3410c8fb50285431', 'aib_bronze.equity_ohlcv:2e15f309b66c47214d26f11d6b748b73129d7908e06f0c45f600a63cd8fda3a8:ec9ad42f575bfa61b7130b23f76ff32b30d50f8d3965db1fc813e6d3417a8d47', 'aib_bronze.equity_ohlcv:b209e17677e26c4a7f338caa75e8f75e06d651cf68116442b110783d4de7b6b9:cf139f7fb848fd78555d6a9bc48bba8d695c16c9402a151eb451816f22b0e219', 'aib_bronze.equity_ohlcv:e14337285aa81aa0d734e0566aa67b91b27fa89bf56b533b68ec911e17712946:77de20ca221a5f0bee0591ce6623b3c97555ae508609b4707c316dd437a892fb', 'aib_bronze.equity_ohlcv:e6424a61f45c825001915cec1fd032a38eecb0f763ceadbd9ec688472f30eeaf:e401d39a66301222e1be6ca5b29ec950e58145f862f5964831b89d163de62791'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 99.7617682609932}

AI-complex correlation regime — ⊘ No read

subject: single-narrative fragility of the US-listed AI-buildout complex
chart: capital_correlation_regime
horizon: Medium term
data through: 2026-09-18
why no read: Price history failed its adjustment-vintage completeness check. The prior read is withheld.
reasons: price history failed its adjustment-vintage check; prior read withheld
data quality: price history failed its adjustment-vintage check

High-yield vs investment-grade credit — ◆ Mixed

subject: public-credit risk appetite relevant to AI-buildout financing
chart: capital_hyg_lqd
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 0.6% over the last 30 days.
evidence: 30-day relative-price change: 0.59%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 1.0% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.0, 'unit': '%', 'value': 0.592899395107116, 'window': 'change_30d'}, 'band_pct': 1.0, 'change_30d_pct': 0.592899395107116, 'components': ['HYG.US', 'LQD.US'], 'series': 'RATIO_HYG_LQD', 'source_lineage': {'adjustment_snapshots': {'HYG.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '4640ba6ae463a23615217d12476b1581afe7d723ede91b5cb2dd574484f32f91', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '4233976a4ea0c40d25a3289bb08cba3e402c8546e50d25bb2efd1bfa076f6606', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'ebd81aafdeb20aa4aad5bb1e5496196c34f46940c4ed7504cc27610b239f72cb', 'symbol': 'HYG.US'}, 'LQD.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '9e5bddb837d53706326741bd9647d95e7d2dfcc3f7a4ea4328a59ba1cf29a739', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '1873f0cdb39ffcd3039ebc1f7a99bf087cf57de535c3dd6de0d0573fcd7d5866', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'b8c4b8130c89c2d9a211a98cd8f431e6f5275f20ff8da634f0bbc529b38ff73a', 'symbol': 'LQD.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['LQD.US'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['HYG.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-03 02:48:25.711000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:9b5531048852b7cc56fbfc30f50d546ac2f29ac5bdde389ff0cb97e57d4bb584:1af61c5647749b0f85493c3ba3c1735c53ea18fb84ca6c6f462bd535a038ac3e', 'symbol': 'HYG.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:504e57b73be86212592859c3ec1191596f385a208e34e04dc43b58f5b8741ea3:5624d1d07cf7fd28a6e7170e677c6baf7f4deb25ec7ca297bb4c52e62de716bc', 'symbol': 'LQD.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:afc7353b437c935d55c789d323758ead05fa7cecfcd0bb30bc0ac90a885c160e:31bf1ead92408cd34225e9ee44a9467ceb3158829d6363f69f1391b35dfd6825', 'symbol': 'HYG.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:1065d7dac93c5c6b1465863ee51f03998dc47430340f265f5f9915131a9d08b8:27bd71f9e79001cfc8b6ca912844e68cf41996e15097ff463a2a0dcbae4ae772', 'symbol': 'LQD.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:6e346584f09679db57f37d39cc10874bfbd07a804b8ffe020d276e6e1b77a169:f6ed2ebb7c4c651ff06b15e8f203cdf1468f68c34ed0147d11e2515eb5cad2ea', 'symbol': 'HYG.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:0a3b24d21584e6fbca681b743e988893b825186b4045fce1fe649b2f5c4a58ec:4ecff585168251b7814866594b53e93875d222e2e25ba4da69c09e48125fe528', 'symbol': 'LQD.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:0a3b24d21584e6fbca681b743e988893b825186b4045fce1fe649b2f5c4a58ec:4ecff585168251b7814866594b53e93875d222e2e25ba4da69c09e48125fe528', 'aib_bronze.equity_ohlcv:1065d7dac93c5c6b1465863ee51f03998dc47430340f265f5f9915131a9d08b8:27bd71f9e79001cfc8b6ca912844e68cf41996e15097ff463a2a0dcbae4ae772', 'aib_bronze.equity_ohlcv:504e57b73be86212592859c3ec1191596f385a208e34e04dc43b58f5b8741ea3:5624d1d07cf7fd28a6e7170e677c6baf7f4deb25ec7ca297bb4c52e62de716bc', 'aib_bronze.equity_ohlcv:6e346584f09679db57f37d39cc10874bfbd07a804b8ffe020d276e6e1b77a169:f6ed2ebb7c4c651ff06b15e8f203cdf1468f68c34ed0147d11e2515eb5cad2ea', 'aib_bronze.equity_ohlcv:9b5531048852b7cc56fbfc30f50d546ac2f29ac5bdde389ff0cb97e57d4bb584:1af61c5647749b0f85493c3ba3c1735c53ea18fb84ca6c6f462bd535a038ac3e', 'aib_bronze.equity_ohlcv:afc7353b437c935d55c789d323758ead05fa7cecfcd0bb30bc0ac90a885c160e:31bf1ead92408cd34225e9ee44a9467ceb3158829d6363f69f1391b35dfd6825'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 103.7312118417713}

Equal-weight vs cap-weight S&P — ▼ Bearish

subject: US equity breadth relative to capitalization-weighted equities
chart: capital_rsp_spx
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Down 4.4% over the last 30 days.
evidence: 30-day relative-price change: -4.40%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 1.0% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.0, 'unit': '%', 'value': -4.39680129016301, 'window': 'change_30d'}, 'band_pct': 1.0, 'change_30d_pct': -4.39680129016301, 'components': ['GSPC.INDX', 'RSP.US'], 'series': 'RATIO_RSP_SPX', 'source_lineage': {'adjustment_snapshots': {'GSPC.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6d293e723684758ec7bf23b66aa9f5f229e2c13319c4e9e3b25d7c9664d87755', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'ecdae1fa618d13227acd6c8d91a669f62834e2643f9cd4b0b3fa003eb3d37bea', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '27ec9bfaf5263ee250bc3abbe0034c1b457c24b40845818e93cd44a5e70553cb', 'symbol': 'GSPC.INDX'}, 'RSP.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '37b4f565d7a3ac1b7a74c7190286647118d837657df7fda59f18cd14621c82d2', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'a2c5221cbeb376d5c63e88c6331e9cb7179279b3790ef2ccc982cbdfecfe73da', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '8fce74adee7730b091ddb6f073e0b4771e6a404d42eb1013ec1c7522a8945d35', 'symbol': 'RSP.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['GSPC.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['RSP.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-04 03:37:59.065000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:7e453229b6df5d8acc7712f04893d553bef49602b58def1f9a52ec0eb6c7453b:1c989645bc4b3adfa3e2ea63c3149a441a8c6554c564bf85eb62c8b4917c9be2', 'symbol': 'RSP.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:c7c96d40e221dea783e6d4c3b3426f2ce6b4756324402df904f1826ed25e80e9:c4aa01ebc6715d5ad09125b4307d2e4af983e7313fe63d5629c7e18bdee431fc', 'symbol': 'RSP.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:32a33e04daf4ec7d15af33db4f9763a417be031480323130da802017887e4137:87e83c00730a4eddc8dc1114b74ea1e147abb48312ba17c0fc7e19a1a196f5a6', 'symbol': 'RSP.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'aib_bronze.equity_ohlcv:32a33e04daf4ec7d15af33db4f9763a417be031480323130da802017887e4137:87e83c00730a4eddc8dc1114b74ea1e147abb48312ba17c0fc7e19a1a196f5a6', 'aib_bronze.equity_ohlcv:7e453229b6df5d8acc7712f04893d553bef49602b58def1f9a52ec0eb6c7453b:1c989645bc4b3adfa3e2ea63c3149a441a8c6554c564bf85eb62c8b4917c9be2', 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'aib_bronze.equity_ohlcv:c7c96d40e221dea783e6d4c3b3426f2ce6b4756324402df904f1826ed25e80e9:c4aa01ebc6715d5ad09125b4307d2e4af983e7313fe63d5629c7e18bdee431fc'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 96.29840555709117}

Nasdaq 100 vs S&P 500 — ▲ Bullish

subject: mega-cap concentration in US equities
chart: capital_ndx_spx
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Up 4.9% over the last 30 days.
evidence: 30-day relative-price change: 4.94%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 1.0% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.0, 'unit': '%', 'value': 4.943607879744105, 'window': 'change_30d'}, 'band_pct': 1.0, 'change_30d_pct': 4.943607879744105, 'components': ['GSPC.INDX', 'NDX.INDX'], 'series': 'RATIO_NDX_SPX', 'source_lineage': {'adjustment_snapshots': {'GSPC.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6d293e723684758ec7bf23b66aa9f5f229e2c13319c4e9e3b25d7c9664d87755', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'ecdae1fa618d13227acd6c8d91a669f62834e2643f9cd4b0b3fa003eb3d37bea', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '27ec9bfaf5263ee250bc3abbe0034c1b457c24b40845818e93cd44a5e70553cb', 'symbol': 'GSPC.INDX'}, 'NDX.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '612bf2b57ad0e747972047e8e78cc4fb424b0b1b16ec2b56121b88d9d4807f97', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'f0dc6f6646fd3b724a8fea59938a26b5a5f424bb409ef1d6143763894d2b3cab', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'cd5d83c7fd77795859b13fa4d52adc89b2681b17d8b9d063366837ce671898c1', 'symbol': 'NDX.INDX'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['GSPC.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['NDX.INDX'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-03 07:25:07.721000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:d50eae816e1f9c8f827850e9db74326b9cb1ea50e025346697b6ed64a02f7c9c:68bf1b663d3de6725de9cb6fd5ede10df304576d2971a3cbd47f46b9eb1c1067', 'symbol': 'NDX.INDX'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:c959eaa287aa7b11313959105c9dd6ac30fcd12834627dccd549c192c5f6c1e5:0418a1f77888e72818b382c4978141fde5df7dc06e6b4086f0cf15494ebd34e2', 'symbol': 'NDX.INDX'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:74ab11f549c57b87153f1adc16af098513c671888fcb759cd001e4703d4cf832:a7916013b8d94028a874e67a5306b5f972482230fa1d54e3efc06c980af442b1', 'symbol': 'NDX.INDX'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'aib_bronze.equity_ohlcv:74ab11f549c57b87153f1adc16af098513c671888fcb759cd001e4703d4cf832:a7916013b8d94028a874e67a5306b5f972482230fa1d54e3efc06c980af442b1', 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'aib_bronze.equity_ohlcv:c959eaa287aa7b11313959105c9dd6ac30fcd12834627dccd549c192c5f6c1e5:0418a1f77888e72818b382c4978141fde5df7dc06e6b4086f0cf15494ebd34e2', 'aib_bronze.equity_ohlcv:d50eae816e1f9c8f827850e9db74326b9cb1ea50e025346697b6ed64a02f7c9c:68bf1b663d3de6725de9cb6fd5ede10df304576d2971a3cbd47f46b9eb1c1067'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 108.12870546573612}

Utilities vs S&P 500 — ▼ Bearish

subject: utilities repricing relative to the broad market
chart: capital_xlu_spx
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Down 6.7% over the last 30 days.
evidence: 30-day relative-price change: -6.65%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 1.5% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.5, 'unit': '%', 'value': -6.652565700592861, 'window': 'change_30d'}, 'band_pct': 1.5, 'change_30d_pct': -6.652565700592861, 'components': ['GSPC.INDX', 'XLU.US'], 'series': 'RATIO_XLU_SPX', 'source_lineage': {'adjustment_snapshots': {'GSPC.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6d293e723684758ec7bf23b66aa9f5f229e2c13319c4e9e3b25d7c9664d87755', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'ecdae1fa618d13227acd6c8d91a669f62834e2643f9cd4b0b3fa003eb3d37bea', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '27ec9bfaf5263ee250bc3abbe0034c1b457c24b40845818e93cd44a5e70553cb', 'symbol': 'GSPC.INDX'}, 'XLU.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': 'f65dee4d91f9d557175f1eef55974ee1bc4789f6ac8c0e27148baa0b7763d8f0', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '65763835c7c616709b8782166ad9e8d9f1375d9ee5d94dd618b25d0bbdbf6bd5', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '5979757e7739de52d1a7e382fafab6e43dfdf608bb341573b903c8aa12c5fefa', 'symbol': 'XLU.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['GSPC.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['XLU.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-04 03:37:59.065000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:ebfca9134cfe37875491eb41d7c48990a41fe389feb8bdbd1c24227ef567a91e:0e5ca86d3a5f9c09650667a9a558b46110d68a912749616dc4e6dd4401ee821c', 'symbol': 'XLU.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:b203f8477fe0a55c187d9664793c7798ac49adcbb3533e095aed68a0b52a8262:5e9d9ed674a0b85c21673741abd928b79e092a11925561052f980ed82c80d44d', 'symbol': 'XLU.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'symbol': 'GSPC.INDX'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:cf6682e490cc8d57489ad055401b01d1e4552272f898b6199dc4b3f5f8035899:7825ede811dc3470dcac777ccefd4701a72e583e60191dbb7f79cd6f9583f48f', 'symbol': 'XLU.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:24d6cc3fd802e900c9aec4f2d6f1c7d219c3b1ac2343bd82f0afcf1a9ebe8ec9:4e2d09918e537df65173169bc4aa2456acf27f164b729b17bc93418e7e4873f6', 'aib_bronze.equity_ohlcv:87f58e6b7c037a53a0909b2a56a91f299d03ce4a17fc7fd0ffa0dd64454df7f4:8f8f8559f220f6caea0aec9ad68289177b4d4aaf20bb2a8539f8dde3027bdd81', 'aib_bronze.equity_ohlcv:b203f8477fe0a55c187d9664793c7798ac49adcbb3533e095aed68a0b52a8262:5e9d9ed674a0b85c21673741abd928b79e092a11925561052f980ed82c80d44d', 'aib_bronze.equity_ohlcv:c2bcdedcbc33fb75e0fc31e7637e9113f6460108100e633c9d2ec665999baa2f:6f2ead41bc55128623cfd4083dca3c0c240a148b3d368adf3bb07d79cd0aef75', 'aib_bronze.equity_ohlcv:cf6682e490cc8d57489ad055401b01d1e4552272f898b6199dc4b3f5f8035899:7825ede811dc3470dcac777ccefd4701a72e583e60191dbb7f79cd6f9583f48f', 'aib_bronze.equity_ohlcv:ebfca9134cfe37875491eb41d7c48990a41fe389feb8bdbd1c24227ef567a91e:0e5ca86d3a5f9c09650667a9a558b46110d68a912749616dc4e6dd4401ee821c'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 86.1856733453335}

VIX term structure — ▲ Bullish

subject: near-term public-market risk appetite
chart: capital_vix_term
domain: Capital markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Front VIX at 0.85× the 3-month tenor.
evidence: VIX/VIX3M: 0.850.
conflicting evidence: none recorded
What would change this call: The VIX term structure crossing the opposite 0.95/1.05 threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'source_lineage': {'adjustment_snapshots': {'VIX.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 175, 'epoch_values_hash': 'db99beef1c615baff439a007ad8c50eaa569af1eec708c790ad43c6c30b22479', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '9a05c58afb1263b8436c66e072496be743f7d13f52c6a220e0cb50f5e4f5f12f', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 552, 'schema_version': 1, 'snapshot_id': '3d3ee379aedb960a3c10ad7bd488774fa4cec68dd3cd4a0e93b308c6c3dd4fad', 'symbol': 'VIX.INDX'}, 'VIX3M.INDX': {'epoch': '2026-02-02', 'epoch_row_count': 174, 'epoch_values_hash': '1916593395ea96e456e84809383d673359f134a8bd3559acf254cbf83fa6c5f2', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '751770aba1edcc266d75b7457c814038be2d857a960706d6341819c6b826f158', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 544, 'schema_version': 1, 'snapshot_id': '701f14a8dc7c87f70290325d3cc245bc8925f939e4f17951ed00b04158c0a74b', 'symbol': 'VIX3M.INDX'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['VIX3M.INDX'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 1, 'numerator': ['VIX.INDX'], 'rebase': False, 'rebase_epoch': None}, 'first_observed_at': '2026-10-03 02:48:25.711000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:d5719f56381fbb4d288afea9481245b14cd346fb537b91e1fd4aa9d84b411ef3:f55ae4db179cf42f3b17aac3e6f90a8e99082ed0ba808370061f91c271873869', 'symbol': 'VIX.INDX'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:c9a17a29f8660d7cdae8e9b574b3a95ed7b942f76882b9ae9b40fe42e83d9c66:b799b2dea0f1e1e8112e3c9f0afd0d09d1cad40bf132171cca58678599ae25b9', 'symbol': 'VIX3M.INDX'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:54479ebf52adee6f055663afb8dbe26a28a60ea68509ce4164018622568b6c36:1b0cffba3433328e633747974738930401ca59327d0773cfef4382fbdf6fb732', 'symbol': 'VIX.INDX'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:c76fcd76fd2b8127dd44adf9cb5cb947cb507a2605728597db2b8c6834b5133c:d17943194cd248a3767081eab464c9dd3e000a7e87ae201cd4ef5e3ac277b510', 'symbol': 'VIX3M.INDX'}], 'rebase': []}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:54479ebf52adee6f055663afb8dbe26a28a60ea68509ce4164018622568b6c36:1b0cffba3433328e633747974738930401ca59327d0773cfef4382fbdf6fb732', 'aib_bronze.equity_ohlcv:c76fcd76fd2b8127dd44adf9cb5cb947cb507a2605728597db2b8c6834b5133c:d17943194cd248a3767081eab464c9dd3e000a7e87ae201cd4ef5e3ac277b510', 'aib_bronze.equity_ohlcv:c9a17a29f8660d7cdae8e9b574b3a95ed7b942f76882b9ae9b40fe42e83d9c66:b799b2dea0f1e1e8112e3c9f0afd0d09d1cad40bf132171cca58678599ae25b9', 'aib_bronze.equity_ohlcv:d5719f56381fbb4d288afea9481245b14cd346fb537b91e1fd4aa9d84b411ef3:f55ae4db179cf42f3b17aac3e6f90a8e99082ed0ba808370061f91c271873869'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'vix_vix3m': 0.8500832870627428}

BDCs vs investment-grade credit — ◆ Mixed

subject: listed BDC pricing relative to investment-grade credit
chart: private_bdc_lqd
domain: Private markets
horizon: Near term
legacy data date / knowledge date: 2026-10-02 / 2026-10-05 03:38:12+00:00
interpretation: Down 0.9% over the last 30 days.
evidence: 30-day relative-price change: -0.89%.
conflicting evidence: none recorded
What would change this call: A 30-day move through the opposite 1.5% threshold.
data quality: price action, not fundamentals
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 1.5, 'unit': '%', 'value': -0.8885726139216121, 'window': 'change_30d'}, 'band_pct': 1.5, 'change_30d_pct': -0.8885726139216121, 'components': ['ARCC.US', 'BXSL.US', 'LQD.US', 'OBDC.US'], 'series': 'BASKET_BDC_LQD', 'source_lineage': {'adjustment_snapshots': {'ARCC.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '0e6082c8dc5934f0944fd75f03fdb5c2e246d1dc0400dbec713604c66ba228d9', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '7c695e9b4256dec864203080f51ba27aad3620c3a69209c109806faa3957a3d4', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'b558260ac593f3445a34c0b2b805272373d04a8c24cedd4882f05ad616c0dec2', 'symbol': 'ARCC.US'}, 'BXSL.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '6ddf9dadef76a4ff9d3b87e864b91c5c7338c1ecdfbae025a25f1c890328c09f', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '72efc6c93bacb35793caf561fd7f56e77397d2374e9f2f875da74b4fac2aaf9f', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'c448f7b2dd0194d8d4bc2fe066e799565197e711155cb945eb4cea59f640af56', 'symbol': 'BXSL.US'}, 'LQD.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '9e5bddb837d53706326741bd9647d95e7d2dfcc3f7a4ea4328a59ba1cf29a739', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': '1873f0cdb39ffcd3039ebc1f7a99bf087cf57de535c3dd6de0d0573fcd7d5866', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': 'b8c4b8130c89c2d9a211a98cd8f431e6f5275f20ff8da634f0bbc529b38ff73a', 'symbol': 'LQD.US'}, 'OBDC.US': {'epoch': '2026-02-02', 'epoch_row_count': 169, 'epoch_values_hash': '80717d42f5004b98c4e86c55d887b59cc252f8293d24aa0a8e5dcbcf92cabce8', 'history_end': '2026-10-02', 'history_start': '2024-08-19', 'history_values_hash': 'df009ce603f4bf21f960d99a6a11cde918bf311b8bb6d4e03cec55ddade4262c', 'requested_end': '2026-10-05', 'requested_start': '2024-08-19', 'row_count': 533, 'schema_version': 1, 'snapshot_id': '3f2eaaf056bc38a16a8c6f51239ad677007db62a1287555ddd4e2cd0300f18b6', 'symbol': 'OBDC.US'}}, 'comparison_date': '2026-09-02', 'definition': {'captured_outputs': ['value', 'change_30d_pct'], 'denominator': ['LQD.US'], 'derivation_version': 'dependency_clocks_and_adjustment_batches_v3', 'minimum_denominator': 1, 'minimum_numerator': 2, 'numerator': ['ARCC.US', 'OBDC.US', 'BXSL.US'], 'rebase': True, 'rebase_epoch': '2026-02-02'}, 'first_observed_at': '2026-10-04 03:37:59.065000+00:00', 'inputs': {'comparison': [{'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:874409db0f80e1cf6b84c090023bba3fb2447219c6ded2d056513a6e632fba35:6920ad01b0401603d65f336b83e6d62bb95782a2f2573731bbd8a954da1f8871', 'symbol': 'ARCC.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:fda06b99e958a8e5558de8e91ff757deb65e962f5aab9c182a8d2f8b7ff9d8de:6ed1ad047f25f83a6b5288aa693934bde36a7326e8c69a8686a206930c7e0f11', 'symbol': 'BXSL.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:504e57b73be86212592859c3ec1191596f385a208e34e04dc43b58f5b8741ea3:5624d1d07cf7fd28a6e7170e677c6baf7f4deb25ec7ca297bb4c52e62de716bc', 'symbol': 'LQD.US'}, {'as_of': '2026-09-02', 'reference': 'aib_bronze.equity_ohlcv:cb2fdea6ebd10a9315a374e3c16a0081e198a343beea3a484ec53bbde532b245:148d926f1409bf2b2a2993c8e29cda92705756989cc664be1ca2091e6af89b66', 'symbol': 'OBDC.US'}], 'current': [{'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:4c67b8ff0feffc97c00aa22b71f051e1bbd77c0fc06a50b8a43ac916e70d2f89:67335929cf7d308f63db52cb43e49289bd69d1661f5831b668874a6b3f40e290', 'symbol': 'ARCC.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:ef26eedced0954ee8c9657e0bd91722312dfde7b855ab79f4590f892006b7cc4:54e9f1611a7b6ab8884e404d9c001970ec20228c06045ef0180a0b2036e39dbb', 'symbol': 'BXSL.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:1065d7dac93c5c6b1465863ee51f03998dc47430340f265f5f9915131a9d08b8:27bd71f9e79001cfc8b6ca912844e68cf41996e15097ff463a2a0dcbae4ae772', 'symbol': 'LQD.US'}, {'as_of': '2026-10-02', 'reference': 'aib_bronze.equity_ohlcv:96537f631d53209453b5cc17d3ac9a20a7614fd1ce7582219b20a5fdd0d188d3:65928ec5c8ca360b186a319f4766cab39e1b4df4e0d3ec0b7d148c643c82f632', 'symbol': 'OBDC.US'}], 'rebase': [{'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:32fc3433423e60f0b3763485fa452c4a0c0fb4155c44dd0c96bd8933f828668d:251c77ef26ba771edcf04d577a14f132226ca6647c1aeb46bb51a1ca1a9a3321', 'symbol': 'ARCC.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:f9090861dda06a5193825dddc0c816e5eb5b4323f93347dc55b8ead1894fae3c:ec963b631a89a0d92317153e24af15e717a56dbc49ee37cc8cf7df363b117d7f', 'symbol': 'BXSL.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:0a3b24d21584e6fbca681b743e988893b825186b4045fce1fe649b2f5c4a58ec:4ecff585168251b7814866594b53e93875d222e2e25ba4da69c09e48125fe528', 'symbol': 'LQD.US'}, {'as_of': '2026-02-02', 'reference': 'aib_bronze.equity_ohlcv:4b75261f1393603e430e77a732da9af9e95bfea66f15b87aa13d3c688550da2b:10b7535fbb6dfcdb7009251b9a63c629b8b7edcb2248dedbc5f7f0264228c316', 'symbol': 'OBDC.US'}]}, 'price_convention': 'adjusted_close_only', 'schema_version': 1, 'source_refs': ['aib_bronze.equity_ohlcv:0a3b24d21584e6fbca681b743e988893b825186b4045fce1fe649b2f5c4a58ec:4ecff585168251b7814866594b53e93875d222e2e25ba4da69c09e48125fe528', 'aib_bronze.equity_ohlcv:1065d7dac93c5c6b1465863ee51f03998dc47430340f265f5f9915131a9d08b8:27bd71f9e79001cfc8b6ca912844e68cf41996e15097ff463a2a0dcbae4ae772', 'aib_bronze.equity_ohlcv:32fc3433423e60f0b3763485fa452c4a0c0fb4155c44dd0c96bd8933f828668d:251c77ef26ba771edcf04d577a14f132226ca6647c1aeb46bb51a1ca1a9a3321', 'aib_bronze.equity_ohlcv:4b75261f1393603e430e77a732da9af9e95bfea66f15b87aa13d3c688550da2b:10b7535fbb6dfcdb7009251b9a63c629b8b7edcb2248dedbc5f7f0264228c316', 'aib_bronze.equity_ohlcv:4c67b8ff0feffc97c00aa22b71f051e1bbd77c0fc06a50b8a43ac916e70d2f89:67335929cf7d308f63db52cb43e49289bd69d1661f5831b668874a6b3f40e290', 'aib_bronze.equity_ohlcv:504e57b73be86212592859c3ec1191596f385a208e34e04dc43b58f5b8741ea3:5624d1d07cf7fd28a6e7170e677c6baf7f4deb25ec7ca297bb4c52e62de716bc', 'aib_bronze.equity_ohlcv:874409db0f80e1cf6b84c090023bba3fb2447219c6ded2d056513a6e632fba35:6920ad01b0401603d65f336b83e6d62bb95782a2f2573731bbd8a954da1f8871', 'aib_bronze.equity_ohlcv:96537f631d53209453b5cc17d3ac9a20a7614fd1ce7582219b20a5fdd0d188d3:65928ec5c8ca360b186a319f4766cab39e1b4df4e0d3ec0b7d148c643c82f632', 'aib_bronze.equity_ohlcv:cb2fdea6ebd10a9315a374e3c16a0081e198a343beea3a484ec53bbde532b245:148d926f1409bf2b2a2993c8e29cda92705756989cc664be1ca2091e6af89b66', 'aib_bronze.equity_ohlcv:ef26eedced0954ee8c9657e0bd91722312dfde7b855ab79f4590f892006b7cc4:54e9f1611a7b6ab8884e404d9c001970ec20228c06045ef0180a0b2036e39dbb', 'aib_bronze.equity_ohlcv:f9090861dda06a5193825dddc0c816e5eb5b4323f93347dc55b8ead1894fae3c:ec963b631a89a0d92317153e24af15e717a56dbc49ee37cc8cf7df363b117d7f', 'aib_bronze.equity_ohlcv:fda06b99e958a8e5558de8e91ff757deb65e962f5aab9c182a8d2f8b7ff9d8de:6ed1ad047f25f83a6b5288aa693934bde36a7326e8c69a8686a206930c7e0f11'], 'transform_version': 'market-series-lineage-2026-09-20-v2'}, 'value': 106.94314573180863}

Private AI secondary pricing — ⊘ No read

subject: private AI-company secondary-market pricing
chart: private_secondary_discount
horizon: Near term
data through: 2026-10-04
why no read: Tracked, but no qualifying data yet.
reasons: no direct private-market marks yet
data quality: none

AI event odds — ⊘ No read

subject: market-implied probability of registered AI-buildout events
chart: catalyst_ai_probability
horizon: Near term
data through: 2026-10-04
why no read: Tracked, but no qualifying data yet.
reasons: not enough event history yet
data quality: none

AMD earnings surprise — ⊘ No read

subject: AMD quarterly EPS execution versus consensus
chart: catalyst_earnings_amd
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Amazon earnings surprise — ⊘ No read

subject: AMZN quarterly EPS execution versus consensus
chart: catalyst_earnings_amzn
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Broadcom earnings surprise — ⊘ No read

subject: AVGO quarterly EPS execution versus consensus
chart: catalyst_earnings_avgo
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Alphabet earnings surprise — ⊘ No read

subject: GOOGL quarterly EPS execution versus consensus
chart: catalyst_earnings_googl
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Meta earnings surprise — ⊘ No read

subject: META quarterly EPS execution versus consensus
chart: catalyst_earnings_meta
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Microsoft earnings surprise — ⊘ No read

subject: MSFT quarterly EPS execution versus consensus
chart: catalyst_earnings_msft
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

NVIDIA earnings surprise — ⊘ No read

subject: NVDA quarterly EPS execution versus consensus
chart: catalyst_earnings_nvda
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Oracle earnings surprise — ⊘ No read

subject: ORCL quarterly EPS execution versus consensus
chart: catalyst_earnings_orcl
horizon: Reported quarter
data through: 2026-09-29
why no read: No qualifying data yet.
reasons: no reported EPS surprise yet
data quality: company-specific event; free-tier source

Implied OpenAI valuation — ▲ Bullish

subject: market-implied OpenAI IPO valuation
chart: catalyst_openai_valuation
domain: Catalysts
horizon: Near term
legacy data date / knowledge date: 2026-10-04 / 2026-10-04 21:44:28+00:00
interpretation: The probability-weighted implied cap is $1,099B (conditional on an IPO), +9.92% over seven days.
evidence: Bucket-set 24h volume: $5,111.; Probability-weighted bucket midpoint: $1,099B.; Seven-day implied-cap change: +9.92%.
conflicting evidence: none recorded
What would change this call: The 7-day implied-valuation change crosses the opposite 5% band.
data quality: bucket-midpoint convention; conditional on an IPO occurring; prediction-market probabilities; source records not yet linked; thin market liquidity
metrics:

unparsed: {'band': {'inclusive': False, 'schema_version': 1, 'threshold': 5.0, 'unit': '%', 'value': 9.920634920634907, 'window': 'change_7d'}, 'band_pct': 5.0, 'bucket_prob_sum': 0.0315, 'full_set_prob_sum': 0.9904999999999999, 'implied_cap_change_7d_pct': 9.920634920634907, 'implied_cap_usd_b': 1099.2063492063492, 'ipo_by_2026_prob': 0.038, 'no_ipo_by_2026_prob': 0.959, 'volume_24h_total': 5110.676844}

US AI policy events — ⊘ No read

subject: US policy impact on AI-buildout beneficiaries and constraints
chart: policy_us_ai_events
horizon: Near term
data through: 2026-10-04
why no read: Tracked, but no qualifying data yet.
reasons: policy documents not yet classified for impact
data quality: none

Market Metrics

Power — load (EIA-930, latest complete day)

Power — load (EIA-930, latest complete day)
BA	as of	demand MWh	hours	anomaly z	YoY %
AZPS	2026-10-04	135,045	24	—	42.97
CISO	2026-10-04	814,033	24	—	46.31
ERCO	2026-10-04	1,318,401	24	—	-4.022
PJM	2026-10-04	1,925,068	24	—	-4.786
SOCO	2026-10-04	637,052	24	—	13.17

Power — prices (ISO LMP, latest day)

Power — prices (ISO LMP, latest day)
ISO	mkt	location	LMP avg	basis vs hub	spark 7HR
CAISO	DA	TH_NP15_GEN-APND	56.09	—	—
CAISO	DA	TH_SP15_GEN-APND	54.8	-1.295	—
CAISO	DA	TH_ZP26_GEN-APND	56.08	-0.01323	—
PJM	DA	DOM	53.07	10.61	—
PJM	DA	WESTERN HUB	42.46	—	—

Compute — GPU rental (latest day)

H100 1y contract (canonical $/hr): —
H100 1y contract (offered $/hr): —
H100 spot (canonical $/hr): —
H100 spot (offered $/hr): 2.679
as of: 2026-10-04
frontier SKU: b300
frontier spot (offered $/hr): 7.415
offered-only day: 1
sources: 2
spot trend 30d %: -0.08701
spot/contract spread %: —
note: advertised listings only — canonical (transacted/indexed) columns are empty by construction until an index source is wired (docs/04 — Current limitations).

CEF NAV premium (latest per fund)

CEF NAV premium (latest per fund)
fund	as of	price	NAV/share	NAV effective	premium %	premium z
DXYZ	2026-09-17	31.15	34.3	2026-06-30	-9.184	-0.8549

Supply chain (latest per series)

Supply chain (latest per series)
series	period	value	YoY %	MoM %	quality flags
tsmc_revenue	2026-08-01	514,805,337,000	53.32	10.1	—

Model capability, cost and demand

278 benchmarked model identities; 216 have an exact catalog match. 8 ambiguous benchmark entries remain flagged and are excluded from the excerpt below.

Artificial Analysis — Intelligence Index. Higher reported scores first; each row preserves the evaluator's configuration label. The benchmark version is not reported. These results do not measure full workflow economics.

Model capability, cost and demand
Tested configuration	Index	Listed input / output per million tokens	Reported tokens
Claude Opus 5.5 (Max, Default Fallback)	57.6	$4 / $20	≥ 3,516,675,566,104
Claude Sonnet 5.5 (Max, Default Fallback)	56.0	$2 / $10	≥ 774,856,049,147
Claude Fable 5.1 (Max, Default Fallback)	53.4	$10 / $50	≥ 1,846,112,887,570
Qwen3.8 Max	53.4	No unique catalog match	Unreported
GPT-6 Astra (max)	52.7	$10 / $50	5,050,340,544,232
GPT-6.1 Sol (max)	51.8	$2 / $10	≥ 711,858,865,403
Claude Opus 5 (Max)	50.8	$5 / $25	4,523,043,592,991
Claude Fable 5 (Max, Opus 4.8 Fallback)	49.6	$10 / $50	≥ 40,748,883,212

Showing 8 of 107 eligible configurations.

Usage window: 2026-09-05 → 2026-10-04. OpenRouter public routed traffic excludes private and zero-data-retention traffic. A missing daily top-50 entry is unreported, not zero; ≥ marks a lower bound. Listed prices come from the selected catalog snapshot, not historical executed prices.

Hub links establish access evidence only; licensing and open-versus-closed classification remain unverified.

Sources: Artificial Analysis, via OpenRouter; OpenRouter rankings (aggregate usage: CC BY 4.0).

<details><summary>Model evidence provenance</summary>

``json { "calculation_version": "af3779ec6cbf3911246e8fe74caf8ff20f886255a87bde6af5afe00c24e71206", "knowledge_cutoff": "2026-10-05 23:59:59+00:00", "panel_id": "f85ef4d13d20dccf06c2c54c12183a70a2b193acbebbb899af5368e0d3a109f0", "selection": "First eight unambiguous Artificial Analysis Intelligence Index configurations, descending score; ties by source label and record ID.", "selection_version": "30a0afddda0f95664fba0c3d1ad2ed8425d2a67b5f1a22709b9c45e69565d02f", "snapshots": { "openrouter_benchmarks": { "content_fingerprint": "8c4f8911baaf8929e062a73e58e5dff0b2e015b1935f8b87c305737af725ac83", "dataset": "openrouter_benchmarks", "document_ids": [ "22dc078a4a93c38d5dd3a2a279ebdc91c060ca4ac810b6bdd2af4453ef6a92d6" ], "limitations": [ "evaluator_and_metric_scales_are_distinct", "benchmark_version_not_reported", "search_selects_best_qualifying_configuration", "benchmark_cost_not_full_workflow_cost", "no_historical_receipt_before_collection" ], "observed_at": "2026-10-05 03:37:13", "parser_version": "f23f32552c04c28fafb1b17428ef6ea8f5fd98067bbf248e17dd45fd74e52a78", "partition_key": "public-v1", "published_at": "2026-10-05 03:37:16", "record_count": 1605, "records_hash": "4eb3db9d268d5b1ee77bb9a8f8e9bd6d60f23c5bbc61b4d9cd4ccf0a48542b5a", "snapshot_id": "bfc5cf19822af7a5c6b750f489bcc2d927ba5333416d143f3616616da346ef19", "source_version": "v1" }, "openrouter_performance": { "content_fingerprint": "deb37e9ac74fa4e5f53a499c56433bfd714d546cf76bf894f74420f4e5c8cc67", "dataset": "openrouter_performance", "document_ids": [ "07637e3b9ece39b5b93bbb4b940a43c05a66afcb5136be4e1b29eb9bf882c84f", "d5f885e9574bdfeb6b668c7fc5b5ddd2f53177bd82d963f596288ca24b90a1d2", "96ef9b73bc589749ce25ad0a3f52829f908c9a1ddb3187f0a5d99f83f7501950", "61d224d30258091a95280ba8a52372ec28b156c353d9042878a252aa5eda7419", "609cc00f3c6cc2cdebf7173c7143b4402b59686ce5daaa67f99434c42ebe413d", "d63bc234419af6d81db9eb48bc4f19a104b5788f71e49e8c4bad1fb36c463b91", "e7f093e726aeec11b96d29ab6ee3cc9dac29796eda90d2511e22373223bc8d86", "061b32ff08298de2f5ad06ff2dae48f4830ec18912133cf2a3af11bd8ebab9d1", "41dc0bb043da02970e43eaec5c44dddc07239084c73b9d9fc81da4c285ebbe2f", "7c6ac94c99b5a553a4a3be5c2110c50b57cd230db169e06cf0b8b95daff36674", "c04a5636ea97f4721311523b409ba406f26b7eb7dae999bb7b0fa9e4afc40ba9", "4df1fa2a32db6c3b1ea4821bb2cf1e9b6f558ab1d914af9cde3097ee9ac2b0e0", "d85855ad777a310f53bd1c5987eb7d7c433808c3421746c81a87039c95297cc2", "09241fed3bdd07e1835f9444093f9efb644b8e0997fd3a5a7f8d8527143ceca5", "fbbc8528f22b7e6516b858fd6b69cdf9db5cb816fcdaa339d457bcb800e89107", "0f9760f05de0926f2e06d57eb3b359d04f822666e63c8b2b8f674572eb0f5ece", "980dabc7388ecdb127be9bbbc07cdef5be01bcdb85cb072267dea6dbb7d742b2", "08bbce08d5c3a7faf2d14f4359c192f5cac5c4515c6ef1f35dc386f93f568466", "0e6ed12ec5688ab892c6f08e3c95e6fcf1c298e509b1376831463af5517cca4b", "813566cdccf22542eb4db749a2a7a1aa8b312ccb6e6f51b4f502a816fd42e40d", "05d8249c6de4626b293d61c39a1e0b57cc8289aeeffc17c7eced740d565de077", "299e73b26911c3686fe11a756b226ffad550d8ef8245062f3aa50c811f491653" ], "limitations": [ "selected_top20_catalog_matched_standard_models", "short_window_snapshots_not_daily_averages", "latency_source_unit_not_verified", "catalog_price_not_realized_spend", "hub_link_is_not_verified_open_source_rights" ], "observed_at": "2026-10-05 03:37:18", "parser_version": "f23f32552c04c28fafb1b17428ef6ea8f5fd98067bbf248e17dd45fd74e52a78", "partition_key": "public-v1", "published_at": "2026-10-05 03:37:20", "record_count": 770, "records_hash": "e55ac1b0a3ab309bad14475457f56fe56e11c58a3545c0e1be7ecc23f00db67f", "snapshot_id": "f81847551bfdbe85e0d18bb522a733e7953a7d965f4144f35428dd44bd95bf2c", "source_version": "catalog-and-top20-v1" }, "openrouter_rankings": { "content_fingerprint": "555be2e89e8dfe1ef40fef5afd17b4213900ec64462392b3fcf596e3aadf771d", "dataset": "openrouter_rankings", "document_ids": [ "d7dc01c6297be512fa05ac0a6d1419f3fb1b5d5ffe8b8c7e80c4987f02973d97" ], "limitations": [ "public_traffic_excludes_private_and_zdr", "daily_top50_variants_plus_other", "outside_top50_is_censored_not_zero", "provider_tokenizers_differ", "source_may_shorten_requested_window", "no_historical_receipt_before_collection" ], "observed_at": "2026-10-05 03:37:09", "parser_version": "f23f32552c04c28fafb1b17428ef6ea8f5fd98067bbf248e17dd45fd74e52a78", "partition_key": "public-v1", "published_at": "2026-10-05 03:37:16", "record_count": 1530, "records_hash": "0731d8d403cbc5a9095608c3f72e29ed20bfb8e1784a3f13c8a3c3837ef104a4", "snapshot_id": "f8d858ddd9a4c2d96749b89a13c64cfd8de5a5426de4cb33f8fee1e62be94353", "source_version": "v1" }, "openrouter_workloads": { "content_fingerprint": "763e43b69bc68d55c37164a4e077838808592bda9df6e347cbda89156dec1d16", "dataset": "openrouter_workloads", "document_ids": [ "83bf7b2f503f09e7bebfca21e670cb2976e4f78572a721d33cad5830ffbb5853" ], "limitations": [ "sampled_relative_shares_not_absolute_volumes", "trailing_seven_day_window", "classification_is_not_successful_work", "model_lists_may_be_partial" ], "observed_at": "2026-10-05 03:37:09", "parser_version": "f23f32552c04c28fafb1b17428ef6ea8f5fd98067bbf248e17dd45fd74e52a78", "partition_key": "public-v1", "published_at": "2026-10-05 03:37:15", "record_count": 29, "records_hash": "df269b1496c303db9174232b8c079071b4d82b5f95c92de1d8ae5fa2c1cd92d5", "snapshot_id": "35fde79536cdf62c88deaa251b701b9b03c912498de1b916cc1d62bfbd9ff2f3", "source_version": "window-7d" } } } ``

</details>

Appendix — Filed Capital-Structure Review

Confirmed facts below carry their recorded reviewer and primary filing. Pending matches are not confirmed transactions. Direction appears only when an analyst separately records a subject, horizon, rationale, and falsifier.

Confirmed facts

Confirmed facts
entity	type	disclosed	as of	amount	commitment	reviewer
MICROSOFT	Lease commitment uncommenced	2026-07-29	2026-06-30	329100000000.00 USD	uncommenced_leases	prexel-automated-taxonomy-correction/mission-claim-repair-2026-09-18-v1
NVIDIA	Purchase obligations total	2026-08-26	2026-07-26	366000000000.00 USD	purchase_obligations	prexel-automated-taxonomy-correction/mission-claim-repair-2026-09-18-v1
NVIDIA	Debt issuance	2026-06-15	2026-06-18	25000000000.00 USD	senior_notes	claude-automated-review (research-verified; delegated by operator 2026-08-31)

MICROSOFT · Lease commitment uncommenced: MICROSOFT: the 329100000000.00 USD amount previously labelled capex_commitment is uncommenced lease commitments, as of 2026-06-30. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate. Original review rationale: The matched excerpt is narrative (AI infrastructure investment risk factor), but the same 10-K quantifies the forward commitment: "As of June 30, 2026, we had additional leases, primarily for datacenters, that had not yet commenced of $329.1 billion", commencing fiscal 2027-2033 with terms of 1-20 years (leases note). Context from the same filing: fiscal-2026 additions to property and equipment were $115,948M (vs $64,551M in fiscal 2025); operating lease liabilities $21,925M and finance lease liabilities $66,594M at Jun 30 2026. Amount recorded is the $329.1B uncommenced datacenter lease commitment, the filing's only quantified forward buildout commitment; commitment_type=other because the enum lacks a lease category. announcement_date is the 10-K filing date; effective_date the balance-sheet date. primary filing
NVIDIA · Purchase obligations total: NVIDIA: the 366000000000.00 USD amount previously labelled capex_commitment is total purchase obligations, as of 2026-07-26. This corrects the classification to match the retained review's own rationale; the amount is unchanged. It is not realized capital expenditure or a newly verified issuer estimate. Original review rationale: Verified against the 10-Q commitments schedule (R55 detail, accession 0001045810-26-000075): total future purchase commitments as of Jul 26 2026 are $366B, composed of supply and capacity $279B, cloud service agreements $29B, data center leases not commenced $25B, equity investments $25B, and capital expenditures $8B, spread remainder-FY2027 $120B / 2028 $100B / 2029 $98B / 2030 $16B / 2031 $10B / 2032+ $22B. Amount recorded is the $366B total contractual commitment; commitment_type=other because the total spans supply, cloud, lease, equity and capex categories (only $8B is the literal capital-expenditures line; breakdown given here). announcement_date is the 10-Q filing date; effective_date is the as-of balance date. primary filing
NVIDIA · Debt issuance: Verified against two independent primary sources. NVIDIA 10-Q (accession 0001045810-26-000075, period ended Jul 26 2026) states: "In June 2026, we issued an aggregate of $25.0 billion of senior unsecured notes across seven tranches for general corporate purposes." The seven new tranches in the long-term debt schedule (4.250% due 2028 $3.5B; 4.350% due 2029 $3.5B; 4.500% due 2031 $4.0B; 4.750% due 2033 $3.5B; 4.950% due 2036 $4.0B; 5.550% due 2046 $3.0B; 5.625% due 2056 $3.5B) sum to exactly $25.0B and match the prospectus supplement (424B5 dated Jun 15 2026, settlement on or about Jun 18 2026, net proceeds ~$24.9B, consistent with the 10-Q cash-flow debt proceeds of $24.9B). maturity_date left null: seven tranche maturities (2028-2056) cannot be represented by the single-date field; extend the typed fact model for multi-tranche before building the maturity wall from this row. primary filing

Confirmed debt issuance by quarter

Confirmed debt issuance by quarter
entity	period	amount	confirmed events	known at
NVIDIA	2026-04-01 → 2026-06-30	25000000000.00 USD	1	2026-08-26 20:36:00

Exact maturity wall

Unavailable: no analyst-confirmed amount with an exact maturity date is available.

These are raw confirmed fundamentals, not directional signals. Currencies are not converted or combined, and narrative maturity ranges are not assigned fabricated dates.

Pending review

Pending review
entity	candidate type	status	form	known at	matched terms
ORACLE	capex_commitment	candidate	10-Q	2026-09-11 20:10:12	capital expenditures

ORACLE · capex_commitment: …ed revenues 3,997 2,550 Net cash provided by operating activities 23,103 8,140 Cash flows from investing activities: Purchases of marketable securities and other investments ( 306 ) ( 471 ) Proceeds from sales and maturities of marketable securities and other investments 225 255 Capital expenditures ( 28,499 ) ( 8,502 ) Net cash used for investing activities ( 28,580 ) ( 8,718 ) Cash flows from financing activities: Proceeds from issuances of common stock via at-the-market program, net of issuance costs 19,909 — Net proceeds from employee stock programs 41 1,153 Payments of… primary filing

Rejected matches (not evidence)

Rejected matches (not evidence)
entity	candidate type	reviewer	reason
MICROSOFT	debt_refinancing_maturity	claude-automated-review (research-verified; delegated by operator 2026-08-31)	False positive: the matched term "debt maturities" occurs in Microsoft's generic liquidity assertion (existing cash, operations and capital-market access sufficient to fund dividends, share repurchases, debt maturities and capital expenditures for at least 12 months). Verified in the 10-K (accession 0001193125-26-323660): no new issuance, refinancing transaction, or specific maturity event is disclosed in that passage; debt additional-information reports only fair value of long-term debt ($36.5B at Jun 30 2026) with no fiscal-2026 issuance. No typed fact exists to confirm.
NVIDIA	debt_refinancing_maturity	claude-automated-review (research-verified; delegated by operator 2026-08-31)	Disclosure verified real but not a discrete refinancing/maturity event: the match is NVIDIA's aggregate debt maturities schedule as of Jul 26 2026 (due <=1y $1,000M; 1-5y $15,000M; 5-10y $7,500M; >10y $10,000M), a bucketed liability table. The underlying June 2026 $25.0B issuance is captured by the confirmed debt_issuance review on the sibling candidate from the same document. The typed fact model has a single maturity_date and cannot represent maturity buckets; re-emit or re-review once maturity-bucket fact items exist (open work item in current-build-state).

Appendix — Data Coverage

Operational snapshot at report generation time. Run timestamps can post-date the evidence period; a source watermark can also be a scheduled future event date and does not extend the report's evidence window.

Appendix — Data Coverage
collector	last status	rows	last run	source watermark	note
catalyst_markets	ok	12	2026-10-05 21:47:36	—	—
cef_nav	ok	7	2026-09-18 04:28:56	—	—
chain_anchor	ok	0	2026-09-30 22:20:06	—	head unchanged since last anchor (seq=6)
colo_public_research	ok	3	2026-10-05 03:37:05	—	—
distribute	ok	1	2026-10-05 05:30:01	—	—
earnings_calendar	skipped	0	2026-10-05 03:37:05	—	AIB_ALPHAVANTAGE_API_KEY not configured
earnings_events	skipped	0	2026-10-05 03:37:05	—	AIB_ALPHAVANTAGE_API_KEY not configured
edgar_disclosures	ok	0	2026-10-05 03:37:05	—	—
edgar_filing_documents	ok	0	2026-10-05 03:37:16	—	—
eia930	ok	280	2026-10-05 23:59:48	—	—
eia930_subba	ok	25	2026-10-05 23:40:14	—	—
engine	error	0	2026-10-05 03:38:57	—	RuntimeError
epoch_data_centers	ok	0	2026-10-05 03:37:06	—	—
equity_ohlcv	ok	137859	2026-10-05 03:37:05	—	partial: MHVYF.US: Price snapshot omits 1 previously retained dates; N225.INDX: Price snapshot omits 1 previously retained dates; USDJPY.FOREX: Price snapshot omits 211 previously retained dates; KXIA
gpu_spot	ok	223	2026-10-05 19:53:53	—	—
hf_model_stats	ok	239	2026-10-05 03:37:05	—	—
iso_lmp	ok	120	2026-10-05 23:58:39	—	partial: ERCOT (best-effort): gridstatus ERCOT DA fetch failed: 403 Client Error: Forbidden for url: https://www.ercot.com/misapp/servlets/IceDocListJsonWS?reportTypeId=12331&_1791244725
korea_exports	ok	0	2026-09-18 04:28:56	—	—
metr_tasks	ok	0	2026-10-05 03:37:05	—	—
metr_tasks_1_0	ok	0	2026-10-05 03:37:05	—	—
mlperf_inference	ok	0	2026-10-05 03:37:06	—	—
model_catalog	ok	466	2026-10-05 03:37:05	—	—
model_releases	ok	9	2026-10-05 03:37:06	—	—
model_usage	ok	606	2026-10-05 03:37:05	—	—
natgas	ok	6	2026-10-05 03:37:05	—	—
openrouter_activity	ok	100	2026-10-05 03:37:05	—	—
openrouter_benchmarks	ok	1605	2026-10-05 03:37:06	—	—
openrouter_performance	ok	770	2026-10-05 03:37:06	—	—
openrouter_rankings	ok	1530	2026-10-05 03:37:06	—	—
openrouter_workloads	ok	29	2026-10-05 03:37:06	—	—
policy_events	ok	600	2026-10-05 03:37:05	—	—
report	ok	1	2026-10-05 05:10:03	—	—
sec_company_facts	ok	0	2026-10-05 03:37:06	—	—
tsmc_revenue	ok	1	2026-10-05 03:37:05	—	—

Skipped (key-gated / source unavailable — honest degradation, not silence): earnings_calendar, earnings_events
Errored last run: engine

Methodology: the runtime is deterministic end to end. Each chart is labelled bullish, bearish, mixed, or no read for an explicitly named subject and horizon. No domain total, composite, or numeric confidence is calculated. Missing evidence remains unavailable; hits and misses publish at equal prominence. The sha256 of this issue's final markdown is stored append-only in aib_gold.report_issues for future external anchoring.

Published 2026-10-06 05:10 UTC · content hash 0389e4c8ce89a0e6433b63c7790644cdd316e5dd20d0a64a2b0420efa2147361 · context hash ed237009c3e6c30ec1a55b2fe31ec77a7a25d4c4bbb4351d46db32d99da86685 · narrative not included