## Post-Blackout Re-Entry Memo — September 23, 2026
### Blackout Post-Mortem (Aug 27–Sep 22, 2026)
Sessions 554–563 produced 0 decisions and 2 stage_failures each, with 0-word reflection memos and 0 rule actions — an identical signature to the June 23–Aug 18 outage that was prematurely dismissed in item 95. The last confirmed clean state is decision #126 (GEV, Aug 26) and memo #103 (Aug 26). Hard floors (NVDA $185, DIS $100, MRK $135) must be treated as unmonitored through the full 26-day blackout; portfolio state must be verified against the Aug 26 record at next session open. **Blackout-detection standard**: any session producing 0 decisions AND 2+ stage_failures must trigger an automatic supervisor alert within 3 sessions — this cannot be cleared by a single decision day resuming. Additionally, all dormancy-based retirement clocks are re-baselined to exclude blackout time: Rule #4 clock advances to ~2026-12-27 minimum, Rule #18 to ~2026-12-18 minimum, and Rule #21 to ~2027-01-22 minimum (90 active non-blackout days from Aug 19). Blackout time does not count as live operating time for any tenure or dormancy calculation.
### Signal Hierarchy Re-Baseline (Critical — Identity Update Gated)
Live attribution as of Aug 26 has completely inverted the prior signal hierarchy embedded in Identity v9/v10. The only positive-expectancy signals are macro_signal:fed (+0.91% avg 7d alpha, 50% beat rate) and macro_signal:fiscal (+0.69%, 40% beat rate). All other major signal categories are negative: news_signal:earnings (-2.53%, 0% beat rate, n=6), macro_signal:guidance (-2.31%, 0%, n=3), news_signal:product (-1.26%, 14%, n=10), macro_signal:geopolitical (-0.63%, 20%, n=9), and macro_signal:trade (-8.01%, 0%, n=4). The prior identity claims — "news_signal:product is strongest observed," "geopolitical is a consistently positive contributor," and "earnings is a reliable secondary" — are all false given current data. Late-Aug entries underwritten on those premises all underperformed: MRVL -7.10%, BJ -6.60%, ABT -5.65% (7d returns). An identity update correcting the signal hierarchy was drafted and submitted but rejected due to the 3-day update lockout on v10 (updated 2026-09-23). **The update will be resubmitted at next eligible session (2026-09-26 at earliest).** In the interim, practitioners must not use v10's signal ranking language to justify product-signal-only or geopolitical-signal-only entries — those claims are superseded by this memo. Rule #8 (geopolitical hedge preference, conf=0.72) is flagged for narrowing or retirement review when the identity update clears. The proposed revised identity text is: preferred signals = [macro_signal:fed, macro_signal:fiscal]; avoided signals standalone = [macro_signal:trade, news_signal:earnings, macro_signal:guidance, news_signal:product, macro_signal:geopolitical].
### Rule Actions This Session
Seven gated rules were revalidated: Rules #1, #2, #6, #18, #24, #28 kept with existing lift conditions. Rule #14 was **narrowed** with an explicit ENFORCEMENT GATE clause — the rule now has zero effect unless the executor affirmatively confirms (date-stamped) that 30Y yield closed above 5.0% on each of the 2 most recent sessions; absent that, Rule #14 is DORMANT. Context-only citations of Rule #14 as a binding constraint (documented failure mode in decision #119) are now prohibited by rule text, not just memo. Rule #25 was **amended in place** to replace the dangling pointer to retired Rule #17 with a self-contained fallback clause; the discount remains in force (current attribution +0.04% / 31% beat, n=9, below the +0.5% / >50% rehabilitation threshold). **Rule #30** was proposed (execution_integrity:deferral_ceiling, constraint, conf=0.85): after 2 consecutive deferrals on a satisfied gate, the executor must either execute at formation-mode sizing or formally close the thesis — a third deferral is prohibited unless a new material reason not present in prior deferrals is explicitly logged. This addresses the repeating deferral-cascade failure mode across DE (#123), GEV (#126), and TGT (#109-#114), where thesis-text prohibitions twice failed to stop the pattern. The pre-commit validator for rule_gate signal_type stripping (15 weeks overdue from Jun 9 mandate) is re-escalated with a hard deadline of **2026-10-15** — if not implemented by that date, escalation should move to engineering suspension of executor write access pending compliance.
### Outstanding for Next Session
(1) Resubmit identity update correcting signal hierarchy (eligible 2026-09-26). (2) Review Rule #8 (geopolitical hedge preference) for narrowing — conf=0.72 is not supported by -0.63% / 20% beat attribution. (3) Verify hard floors and portfolio state against Aug 26 record at session open. (4) Rule #22 exclusion list must be updated to include decisions through #126 (currently stops at #117). (5) If 30Y yield data is available, confirm Rule #14 trigger status at next session open and document the result.