{"available":true,"as_of":"2026-11-06","kind":"state","rule":{"FUNDAMENTAL":["SLOWING"]},"slug":"business-cycle-slowing","facts":{"first":"1985-01-02","last":"2026-11-06","measured":10544,"sessionsOn":926,"share":0.08782245827010622,"episodes":5,"medianRun":147,"longestRun":290,"lastEpisode":{"start":"2025-09-15","end":"2026-11-06"},"inForce":true,"since":"2025-09-15"},"years":[{"year":1985,"share":0},{"year":1986,"share":0},{"year":1987,"share":0},{"year":1988,"share":0},{"year":1989,"share":0},{"year":1990,"share":0},{"year":1991,"share":0},{"year":1992,"share":0},{"year":1993,"share":0},{"year":1994,"share":0},{"year":1995,"share":0},{"year":1996,"share":0},{"year":1997,"share":0},{"year":1998,"share":0},{"year":1999,"share":0},{"year":2000,"share":0},{"year":2001,"share":0.54},{"year":2002,"share":0},{"year":2003,"share":0},{"year":2004,"share":0.31},{"year":2005,"share":0},{"year":2006,"share":0},{"year":2007,"share":0},{"year":2008,"share":0.581},{"year":2009,"share":0},{"year":2010,"share":0.321},{"year":2011,"share":0.778},{"year":2012,"share":0},{"year":2013,"share":0},{"year":2014,"share":0},{"year":2015,"share":0},{"year":2016,"share":0},{"year":2017,"share":0},{"year":2018,"share":0},{"year":2019,"share":0},{"year":2020,"share":0},{"year":2021,"share":0},{"year":2022,"share":0},{"year":2023,"share":0},{"year":2024,"share":0},{"year":2025,"share":0.304},{"year":2026,"share":1}],"assets":[{"symbol":"XLK","n":925,"annReturn":4.2,"annReturnAll":11.77,"annExcess":2.32,"annVol":25.97,"hitRate":0.5286,"from":"1998-12-22"},{"symbol":"XLC","n":289,"annReturn":-9.79,"annReturnAll":11.3,"annExcess":-19.98,"annVol":16.15,"hitRate":0.4879,"from":"2018-06-19"},{"symbol":"XLY","n":925,"annReturn":4.4,"annReturnAll":10.56,"annExcess":2.52,"annVol":22.85,"hitRate":0.5081,"from":"1998-12-22"},{"symbol":"XLF","n":925,"annReturn":-8.02,"annReturnAll":7.93,"annExcess":-9.91,"annVol":27.39,"hitRate":0.4811,"from":"1998-12-22"},{"symbol":"XLI","n":925,"annReturn":2.22,"annReturnAll":9.21,"annExcess":0.33,"annVol":21.85,"hitRate":0.5222,"from":"1998-12-22"},{"symbol":"XLB","n":925,"annReturn":5,"annReturnAll":8.55,"annExcess":3.12,"annVol":23.92,"hitRate":0.5103,"from":"1998-12-22"},{"symbol":"XLE","n":925,"annReturn":13.9,"annReturnAll":10.1,"annExcess":12.02,"annVol":26.43,"hitRate":0.5276,"from":"1998-12-22"},{"symbol":"XLRE","n":289,"annReturn":4.47,"annReturnAll":5.47,"annExcess":-5.72,"annVol":14.39,"hitRate":0.5156,"from":"2015-10-08"},{"symbol":"XLV","n":925,"annReturn":6.96,"annReturnAll":8.78,"annExcess":5.08,"annVol":17.57,"hitRate":0.4984,"from":"1998-12-22"},{"symbol":"XLP","n":925,"annReturn":10.49,"annReturnAll":5.57,"annExcess":8.61,"annVol":14.92,"hitRate":0.5211,"from":"1998-12-22"},{"symbol":"XLU","n":925,"annReturn":-2.81,"annReturnAll":5.67,"annExcess":-4.7,"annVol":16.03,"hitRate":0.52,"from":"1998-12-22"},{"symbol":"SPY","n":925,"annReturn":1.88,"annReturnAll":10.08,"annExcess":null,"annVol":17.51,"hitRate":0.5286,"from":"1993-01-29"},{"symbol":"QQQ","n":925,"annReturn":5.39,"annReturnAll":12.86,"annExcess":3.51,"annVol":26.57,"hitRate":0.5286,"from":"1999-03-10"},{"symbol":"IWM","n":925,"annReturn":8.2,"annReturnAll":9.63,"annExcess":6.32,"annVol":23.33,"hitRate":0.5373,"from":"2000-05-26"},{"symbol":"TLT","n":791,"annReturn":-1.33,"annReturnAll":1.04,"annExcess":-6.94,"annVol":14.17,"hitRate":0.4981,"from":"2002-07-30"},{"symbol":"GLD","n":713,"annReturn":12.13,"annReturnAll":11.38,"annExcess":6.32,"annVol":24.41,"hitRate":0.5638,"from":"2004-11-18"}]}