source avatarJake Pahor

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Two weeks ago I posted "bottom 3%". Our upgraded model now reads it as bottom 20%. Here's why I'm glad. We rebuilt the engine behind the score this week. The new version reads cycle history about 35% more accurately, and it says today's market is cheap, but not historically extreme. The upgrade made our market view less dramatic. We shipped it anyway and said so in plain sight. Because the alternative is what this industry does by default: numbers quietly revised, missed calls deleted, models that somehow always say what the seller needs them to say. Trust is the only thing that compounds in this game. Sharper engine, honest numbers, same plan.

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