Why SPY still dominates portfolios
Liquidity and benchmark status make SPY a reference asset even when you access it indirectly.
Reference status does not simplify the macro picture — it concentrates attention on the same crowding risks.
How to read the weekly dossier
Start from lens disagreement: which specialist is flagging a risk others underweight?
Then read SENIOR convergence as a separate signal from Panel detail — both layers exist on purpose.
Link to live SPY page
The live ticker page at /en/etf/SPY shows the current week’s outputs with the same three-layer protocol — general information only, not a trading instruction.