The library · free to read
The Reading Room
Three free essays on market regime change: what a regime actually is, how AI detectors are built, and where they fail — written to be read in order.
What a Market Regime Actually Is
Regimes are the climate under prices — volatility, correlation structure — and three famous breaks show how suddenly that climate can flip.
Read the essayHow Regime Detectors Are Built
The gears of detection: state-hopping models, the run-length trick, market webs, and staleness alarms — each with its stated limits.
Read the essayWhere Regime Detection Fails
Speed in detection is bought with false alarms, and boundaries always look cleaner in hindsight; this is the honest ledger.
Read the essayBring a question to the desk or call +886 2 2724 7196 — the desk answers questions about essays; nothing else is on the other end.