{
  "id": "C8-01",
  "created_at": "2026-11-12T23:03:15.949299+08:00",
  "sources": {
    "C:\\Users\\Administrator\\Documents\\ChatGPT\\长期投资系统\\outputs\\恢复推进-2026-11-11\\3号数据\\research\\frozen_bars.csv": "5c21b931f97610bd7c8788b2dedc19e85cd4221216ed021dd8f6d8956d0d76e8",
    "C:\\Users\\Administrator\\Documents\\Codex\\2026-11-04\\windows-codex-ai-1-2-10\\outputs\\RC-01商品与现金-2026-11-07\\frozen_bars.csv": "450af55d83af5830b4cd307da65db9f59fc0a61524101a7fa7d4bbfec5101be8"
  },
  "frozen_sha256": "cd800aa590dff4734fce996987dbcaf3c568d3284bad8b3fda78a702e945a92d",
  "period": [
    "2007-05-30",
    "2026-11-04"
  ],
  "n_windows": 805,
  "first_entry": "2008-06-02",
  "rules": {
    "core": "SPY/TLT/GLD25% each",
    "sleeve": "25%; monthly252-session excess total return vsBIL; top2 positive amongSPY/TLT/GLD/DBC,12.5% each; unusedBIL",
    "entry": "previous completed month-end signal; no same-day signal at initial investment",
    "execution": "monthly freeze quantity at close, next common close; core restored too; sell first,buy scaled to cash",
    "controls": [
      "C6",
      "MONTHLY_CASH",
      "STATIC_SLEEVE",
      "DYNAMIC_SLEEVE"
    ],
    "cost_bps": [
      5,
      10
    ],
    "no_leverage": true
  },
  "qualification": "fourC6 issuer-overlay + priorRC01 DBC research-qualified single-vendor proxy; mixed vintage deliberately documented; no independent total-return certification",
  "falsifiers": [
    "No fee-after benefit over static sleeve: do not claim selection adds value",
    "Higher return without improved DD/recovery: describe risk tradeoff, not free alpha",
    "Target8% is diagnostic only, no threshold/asset/parameter tuning this run"
  ],
  "limits": "retrospective, not AI blind/OOS; no tax/FX;fund expenses already embedded;no forced terminal liquidation;overlapping cohorts not probabilities;stock37.5% is target cap not intramonth hard cap"
}