Briefing Archive

Read this before drawing conclusions.

Reconstructed vs called live. Sessions marked reconstructed were scored by the historical backfill rather than by a live run, in most cases because the pipeline did not exist yet on those dates. That label tracks how the row was produced, not when. A few early-September sessions were re-scored by the backfill during a methodology correction after having been called live, so they read as reconstructed although the pipeline was running. Sessions marked called live are records. Do not read the two as the same thing; only the live ones are evidence of anything we actually said in advance.

Thin archive. The news index we draw from decays with age. A date marked thin archive genuinely had fewer retrievable stories, which is a property of the archive and not evidence of a quiet market. Comparisons across dates must account for this; the per-day story count is shown for exactly that reason.

Correlation, not causation. This page places published coverage alongside price moves. Where they agree or disagree, that is an observed association. It is not a causal claim, not a forecast, and not a recommendation. Past association does not persist.

Not investment advice. "Coverage tone" describes the balance of cited reporting, not our view, and makes no assertion about any issuer's conduct.