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read is invalid if HYG/LQD records at or below 0.725583, the z=0.00 level from the prior n=252 observations, on its next daily print.","operator":"at_or_below","thresholdValue":0.725583,"thresholdZScore":0,"currentValue":0.745477,"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":"2026-07-17","previousArtifactUrl":"/data/machine/v1/archive/2026-07-17/daily-thesis.2c3114324f172feeb9bcfc4825e34358e9178d509ef72dcb3d142a7ff1c5c4d0.json","currentArtifactUrl":"/data/daily-thesis.json","summary":"6 observable changes since the prior completed thesis.","changes":[{"id":"anomaly-z","kind":"anomaly","label":"HYG/LQD moved","detail":"The standardized reading moved from +2.15 sigma to +2.74 sigma."},{"id":"deactivation-breadth","kind":"deactivation","label":"Breadth lost its vote","detail":"The component moved below the published vote threshold or lost sufficient coverage."},{"id":"deactivation-regimeComposite","kind":"deactivation","label":"Regime composite lost its vote","detail":"The component moved below the published vote threshold or lost sufficient coverage."},{"id":"agreement-counts","kind":"agreement","label":"Evidence balance changed","detail":"2 agree, 3 disagree, 4 no vote became 0 agree, 3 disagree, 6 no vote."},{"id":"falsifier-level","kind":"falsifier","label":"Invalidation level changed","detail":"The threshold moved from 0.725445 to 0.725583 ratio."},{"id":"coverage-date","kind":"coverage","label":"Complete observation window advanced","detail":"2026-07-16 became 2026-07-20."}]},"downloads":{"thesis":"/data/daily-thesis.json","confluence":"/data/confluence-vector.json","analogs":"/data/analog-engine.json","falsification":"/data/falsification-ledger.json"}}}