{"correlations":{"oil_tasi":-0.113,"dxy_gold":-0.227,"yields_stocks":-0.339,"vix_spy":0.217},"divergences":[{"pair":"Oil vs TASI","status":"DIVERGING","detail":"Oil +10.6% vs TASI +0.2% (1 month). Oil moved higher — watch for TASI catch-up or oil mean-reversion."}],"risk_appetite":"NEUTRAL","risk_appetite_signals":{"vix_level":"Low — risk-on environment","credit_spreads":"Credit spreads stable","safe_haven_flows":"Gold rising, 10Y yield falling"}}