THE SPECIALIST SAYS
No segment changed tier; funding EROSION persists across a quiet board.
1 of 9 segments score today; UST, HY, EQUITY, ETF, FX, CN, CRYPTO, BSTOCK still accrue history. The funding overlay reads EROSION. Qualifying measures disagree inside at least one scored cell; every such cell's span is Agent/Desk tier today, because the span would hand back the percentile of a row the free board withholds.
IN PLAIN ENGLISH
The parts with enough history did not change category. Most market sections still do not have enough observations to score, so quiet cannot be read as all clear.
This wording has a reviewed consumer-language record.
Why this matters
A missing score is a coverage gap, not reassuring evidence. The app keeps that boundary attached to the headline.
Picture it this way
Picture a crowded room with a narrow exit. Undertow asks whether many holders could try to leave while the doorway is getting tighter. An unscored market stays unknown; it does not become calm.
The catch
PARTIAL means still accruing: a scored tier needs at least 2 measures with a stress percentile at 60+ observations each; an accruing or absent measure is disclosed, never rendered as calm. Research and market data, not investment advice.