[
  {
    "id": "H-20261105-defensive-trend",
    "status": "tested_not_supported_for_return_improvement_in_current_sample",
    "finding": "Trend/cash overlays lowered drawdowns and CAGR; retain only as risk-control research",
    "next": "longer crisis histories and forward fixed-rule observation"
  },
  {
    "id": "H-20261105-core-growth25",
    "status": "exploratory_positive_with_risk_tradeoff",
    "finding": "12.5% SPY +12.5% QQQ equity sleeve improved this sample versus25% SPY, increased drawdown; not independent of tech concentration or winner selection",
    "next": "older Nasdaq total-return proxies, different regimes and fixed prospective observation"
  },
  {
    "id": "H-20261105-cost-efficiency",
    "status": "pending_real_broker_inputs",
    "finding": "Lower funding spreads may help more directly than repeated reactive timing",
    "next": "Actual account rates, margin eligibility and transaction costs; do not assume institutional funding"
  }
]