Week of 7 April 2026
| Region | Regime | Note |
|---|---|---|
| US | Transition | Divergence newly active |
| AU | Expansion | Growth indicators above expansion threshold. Commodity demand supportive. |
| DE | Transition | Divergence active. Sovereign yield stress elevated. |
| GB | Transition | Closest to regime change |
| JP | Expansion | Changed from Transition — growth indicators crossed expansion threshold despite labour market weakness |
| CA | Expansion | Leading indicators expanding. Strongest validation z-score of any region. |
Divergence
Active in 5 of 6 regions, up from 4 last week. US divergence newly activated. Credit markets remain calm across all regions.
Classification changes
Japan now classified as Expansion, correcting from the Transition classification recorded in the week 14 observation. The week 14 observation was written during a stale data period that affected both GB and JP simultaneously — JP reverted to Expansion on the same April 4 data refresh that corrected GB. JP’s current Expansion classification has been stable since April 4. The conditional destination analysis, which went live during this observation period, shows JP’s current signal conditions as historically resolving to Expansion in the large majority of comparable episodes. This is a post-hoc consistency check, not a prediction confirmed — the destination analysis capability did not exist before the reclassification occurred.
Context
Two new analytical capabilities entered production during this period. The conditional destination analysis draws on 2,308 months of backtested regime history to identify where similar signal conditions have historically resolved. The housing stress transmission layer began its observation period, measuring rate-to-household stress across six signal categories weighted to each region’s mortgage market structure. Initial readings are available in the authenticated platform. Sovereign yield stress remains simultaneously elevated in Germany and Japan — a cross-regional pattern identified in the destination analysis as historically significant. Full signal detail available in the authenticated platform.
Observation hash: b6a209905c2a. RFC 3161 verification token available via API.