The engine's read today
Conviction
ModerateIn plain terms, NFAI is leaning toward the market rising but isn't very sure. Its safety brake is on, so the riskier sleeve is being trimmed at today's close.
One orchestrated read — it adds no new forecast of its own. Built from the options signal, the regime & risk engines, and the close engine. Each line above opens its full view.
Circuit breaker active — the spec sleeve is being cut. Act at the close.
Review →The scoreboard
NFAI runs a real book against the S&P 500 — the The thing you measure against. Here it's simply buying the whole S&P 500 index and holding it — the 'market return' most people mean. it’s trying to beat over time. Here’s where the three books stand today; the exact, cash-included comparison with risk-adjusted returns is on Performance.
Latest — Semis lose ~$1.5T with record ETF inflows on the way down: a drawdown without capitulation, and memory at 6.8x forward earnings all events →
The market
$747.03
the S&P 500 ETF — the line to beat
Sparklines are a positions-only preview indexed to 100 — a hypothetical of today’s holdings, not the realized record. The mathematically correct comparison lives on Performance.
