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read is invalid if HYG/LQD records at or below 0.725445, the z=0.00 level from the prior n=252 observations, on its next daily print.","operator":"at_or_below","thresholdValue":0.725445,"thresholdZScore":0,"currentValue":0.740517,"unit":"ratio","cadence":"daily","observationCount":252,"evidence":{"source":"Yahoo Finance adjusted closes","sourceUrl":"https://finance.yahoo.com/","formula":"HYG adjusted close divided by LQD adjusted close.","methodologyUrl":"/methodology/#confluence-engine"}},"comparison":{"status":"available","previousAsOf":"2026-07-16","previousArtifactUrl":"/data/machine/v1/archive/2026-07-16/daily-thesis.53464cea1ce313daaa945d4793320031e3d68d3603d368be102da315615cf0f3.json","currentArtifactUrl":"/data/daily-thesis.json","summary":"5 observable changes since the prior completed thesis.","changes":[{"id":"anomaly-z","kind":"anomaly","label":"HYG/LQD moved","detail":"The standardized reading moved from +2.45 sigma to +2.15 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