Messy Fund Update

Fund / Signal update · 21 June 2026

Weekly workflow proof for Guru micro test funds on Base (base01, base02, base04, base05, base06). Screening prepares evidence; the Chair decides; the system records the resolution; only then can execution mutate the book. Macro and narrative below are the postures those sessions used, not a live market refresh at publish time.

Market regime — macro economics

47.83

Neutral

The Effective Score of 47.83 (down 3.19 points from Base 51.02) signals a **Neutral regime with modest headwinds**—crypto is not in distress, but near-term catalysts favor caution over aggression. The dominant tailwind is strong global liquidity (+4.6% YoY) and a sharp collapse in reverse-repo demand (−97.9% in 20 days), both signaling ample system cash; the primary headwind is a $4.34B outflow from US spot Bitcoin ETFs over 60 days, compounded by the Federal Reserve's hawkish June 17 hold and Iran's geopolitical saber-rattling. This matters now because institutional capital is rotating away from crypto despite record equity inflows, and the Fed's 2026 rate-hike projections have pushed rate-cut expectations to 2027—a structural headwind for risk assets.

Guru Lotus (read-only NAV)

messybased

$29.1k NAV

+3.0% 1d -6.6% 7d -25.5% 30d

messyinfra

$28.9k NAV

+4.2% 1d +0.7% 7d n/a 30d

Micro funds · week scan

base01

$46.17 NAV

+0.5% 1d +1.2% 7d n/a 30d

no council this week

base02

$47.83 NAV

+0.2% 1d +0.5% 7d n/a 30d

no council this week

base03

$38.08 NAV

+1.6% 1d -18.3% 7d n/a 30d

council target change

messybased — council & book

Top aggregate candidates — 7-day lookback , as of 20 June 2026

#1 OLAS Appeared in 5/7 source run(s) with avg rank 2.80 and best rank 1.

#2 SHEKEL Appeared in 5/7 source run(s) with avg rank 3.20 and best rank 2.

#3 ATHENA Appeared in 4/7 source run(s) with avg rank 1.00 and best rank 1.

#4 VELVET Appeared in 3/7 source run(s) with avg rank 2.33 and best rank 2.

#5 CXT Appeared in 3/7 source run(s) with avg rank 5.67 and best rank 4.

#6 DARKSOL Appeared in 3/7 source run(s) with avg rank 7.33 and best rank 7.

#7 AIN Appeared in 2/7 source run(s) with avg rank 2.50 and best rank 1.

#8 CPHY Appeared in 2/7 source run(s) with avg rank 3.50 and best rank 3.

messyinfra — council & book

⚖️

Closing session · target change · 6 June 2026

No hard policy blocks are present, and the book has fresh holdings, macro, and narratives coverage. The main admissibility concern is that screening aggregate coverage is degraded/sparse and mixed-context, so any rotation or new-position decision would be based on a thinner evidence stack than usual. Macro is regime N but risk-off news overlay and fully deployed high-beta exposure argue against net risk increase. A selective candidate rotation or rebalance is permissible, but execution should be treated as review-required rather than automatic.

Top aggregate candidates — 7-day lookback , as of 20 June 2026

#1 ATHENA Appeared in 4/7 source run(s) with avg rank 2.00 and best rank 2.

#2 CHECK Appeared in 4/7 source run(s) with avg rank 2.75 and best rank 1.

#3 HANDL Appeared in 3/7 source run(s) with avg rank 1.00 and best rank 1.

#4 CUSDO Appeared in 3/7 source run(s) with avg rank 3.67 and best rank 1.

#5 VCHF Appeared in 3/7 source run(s) with avg rank 5.00 and best rank 3.

#6 OLAS Appeared in 3/7 source run(s) with avg rank 5.33 and best rank 4.

#7 VELVET Appeared in 3/7 source run(s) with avg rank 6.00 and best rank 5.

#8 KING Appeared in 3/7 source run(s) with avg rank 6.00 and best rank 3.

base01 — council & book