Proof code 2e48dd77d670 matches the saved-before-result record below. Wins and misses stay visible.
Smart-money signal on MRK this 14d.
Start with the four driver buckets, then open each section for the source-level detail behind the call.
JANUS INVESTMENT FUND [Janus Henderson Global Research Fund] opened position ($26.8M)
SEC EDGAR NPORT-P· source
JANUS INVESTMENT FUND [Janus Henderson Global Life Sciences Fund] opened position ($76.8M)
SEC EDGAR NPORT-P· source
Citadel Advisors LLC holds $718.0M (13F 2025-12-31)
SEC EDGAR Form 13F· source
Two Sigma Investments LP holds $7.7M (13F 2026-03-31)
SEC EDGAR Form 13F· source
FMR LLC (Fidelity) holds $4.3B (13F 2025-12-31)
SEC EDGAR Form 13F· source
short-volume tape softening: latest 34.6% fell 13.7pp vs 19d avg 48.2%
FINRA short interest· source
VIX 15.3 (low volatility) as of 2026-05-29
Macro composite· source
10y-2y spread 47bps (flattish) as of 2026-05-29
Macro composite· source
Industrial Production 102.5 (mild expansion) as of 2026-04-01
Macro composite· source
Initial claims 215,000 vs 26w mean (ratio 1.01, neutral)
Macro composite· source
CPI YoY 3.95% (hot vs Fed target)
Macro composite· source
HY OAS 2.74pp at 8th-pct trailing-90d (tight credit spread)
Macro composite· source
Non-farm payrolls 0.16% YoY (PAYEMS)
Macro composite· source
Retail sales 4.87% YoY (RSAFS)
Macro composite· source
U-Mich Consumer Sentiment 49.8 (weak) as of 2026-04-01
Macro composite· source
10y-3m spread 76bps (positive) as of 2026-05-29
Macro composite· source
Net liquidity (Fed assets - reverse repo - TGA) +$156B over 4 weeks (rising)
Macro composite· source
We group 1 same-day call into one public result, so wins and misses cannot be cherry-picked. The source links below show what the call was based on.
NPORT-P
AlphaYou measures this call against SPY at fixed checkpoints. Wins and misses stay visible on the public record.
When this call was made, we saved the ticker, direction, reasons, target range, price, and time so the record can be checked later.
Save is queued. Refresh in a moment to see the proof file.