Iron Vitals tracks conditions, not outcomes. RPI exists to identify when rules are about to matter more than opinions.
What This Means
Heat remains in the system, but it is contained.
Rates are not easing, volatility is elevated, and participation is not expanding — yet credit is calm and the dollar is not breaking anything.
This is pressure without fracture.
Iron says: alert, not alarmed.
The full Panel can be viewed here