Abrupt policy shifts continue to reshape expectations for earnings and sentiment, contributing to heightened volatility across financial markets Fathom’s Analogues Regime Model (FARM) is a systematic, data-driven tool that identifies regimes without reference to an arbitrary set of predefined states, using past analogues to infer returns; it is flexible and asset-agnostic Current conditions echo early bear-market recoveries, where assets rose amid caution; but as uncertainty cleared, markets rallied — underscoring the value of early positioning Guided by FARM signals, we