CycleWatch

Signals › Composite & Model Benchmarks

BASE_RATE · CycleWatch

Unconditional base rate

~14% of months. The floor. A model that cannot beat this should not exist.

Latest reading

13.31

% chance of recession within 12 months · observation 2026-10-02, published 2026-10-02

Last 24 observations.

Signal

—

Not in the fit. No verdict.

Use
Benchmark: scored against the model, never an input

Where it fits

Composite & Model Benchmarks: Adjudicate the model. NOT inputs. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block