Research•Jan 13, 2026•8 min read
Risk regimes weekly outlook
Volatility regimes shifted to neutral. We explain what changed and why exposure stays capped.
What changed
Regime volatility compressed but dispersion widened, leaving the model neutral on directional risk.
Why it matters for allocation
Neutral regimes demand smaller sizing and tighter invalidation. This reduces drawdown risk during uncertain macro periods.
What the model does
Exposure caps stay at 0.9x with a requirement for 3/3 consensus before new allocations.
What to do next
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