feat: stable macro regime detection — blended signals + Bayesian smoothing

Replace 1-day change_pct with weighted blend (20% 1d / 50% 5d / 30% 10d)
for all 20 scored signals. Add Bayesian prior from rolling 25-day history
(weight 15%→45%) and a 10-point persistence threshold before regime switch.

Bootstrap on first load: replays last 20 trading days via yf.download batch
(45d) to pre-populate _regime_history, so stability is visible immediately.

Frontend: adds 'stable Xj' badge and history depth indicator on regime banner.
Doc: updates v4.0→v4.1, rewrites Étape 1 Régime Macro and glossary entry.

Co-Authored-By: Claude Sonnet 4.6 <noreply@anthropic.com>

backend/services/data_fetcher.py

@@ -10,8 +10,20 @@ from typing import Dict, List, Optional, Any
 import feedparser
 import httpx
 import asyncio
+from collections import deque
+import threading
 
 
+# ── Rolling history cache (for multi-period blended signals) ─────────────────
+_rolling_closes: Dict[str, List[float]] = {}   # gauge_id → last ~40 daily closes
+_rolling_cache_ts: Optional[datetime] = None
+_rolling_cache_lock = threading.Lock()
+
+# ── Regime scoring history (Bayesian smoothing + persistence) ─────────────────
+_regime_history: deque = deque(maxlen=25)       # each: {date, scores, dominant}
+_regime_history_lock = threading.Lock()
+_bootstrap_done: bool = False
+
 # ── Watchlist by asset class ──────────────────────────────────────────────────
 WATCHLIST: Dict[str, List[Dict[str, str]]] = {
     "energy": [
@@ -355,6 +367,127 @@ SCENARIO_ASSET_BIAS = {
 }
 
 
+def _rolling_pct(gid: str, days: int) -> Optional[float]:
+    """Return N-day % change for gauge `gid` from the rolling closes cache."""
+    closes = _rolling_closes.get(gid, [])
+    if len(closes) < days + 1:
+        return None
+    old = closes[-(days + 1)]
+    new = closes[-1]
+    if not old:
+        return None
+    return round((new - old) / old * 100, 2)
+
+
+def _refresh_rolling_cache(force: bool = False) -> None:
+    """Batch-download last 45 trading days of closes for all macro tickers (one yf call)."""
+    global _rolling_cache_ts
+    now = datetime.utcnow()
+    with _rolling_cache_lock:
+        if not force and _rolling_cache_ts and (now - _rolling_cache_ts).total_seconds() < 900:
+            return
+        gid_to_ticker = {gid: t for gid, _, t, _, _ in MACRO_GAUGE_CONFIG if t}
+        all_tickers = list(gid_to_ticker.values())
+        try:
+            df = yf.download(
+                all_tickers, period="45d", interval="1d",
+                auto_adjust=True, progress=False, group_by="ticker"
+            )
+            if df.empty:
+                return
+            for gid, ticker in gid_to_ticker.items():
+                try:
+                    col = df["Close"] if len(all_tickers) == 1 else df[ticker]["Close"]
+                    _rolling_closes[gid] = col.dropna().tolist()
+                except Exception:
+                    pass
+            _rolling_cache_ts = now
+        except Exception:
+            pass
+
+
+def _gc_blended(gauges: Dict[str, Any], key: str) -> float:
+    """Weighted blend of % changes: 20% × 1-day, 50% × 5-day, 30% × 10-day."""
+    c1 = gauges.get(key, {}).get("change_pct") or 0.0
+    c5 = gauges.get(key, {}).get("change_5d") or 0.0
+    c10 = gauges.get(key, {}).get("change_10d") or 0.0
+    return 0.20 * c1 + 0.50 * c5 + 0.30 * c10
+
+
+def _build_pseudo_gauges(offset: int) -> Dict[str, Any]:
+    """Build a gauge snapshot from `offset` trading days ago using rolling closes."""
+    pg: Dict[str, Any] = {}
+    for gid, _, _, _, _ in MACRO_GAUGE_CONFIG:
+        closes = _rolling_closes.get(gid, [])
+        end = len(closes) - offset
+        if end < 11:
+            continue
+        sl = closes[:end]
+        c1 = round((sl[-1] - sl[-2]) / sl[-2] * 100, 2) if len(sl) >= 2 and sl[-2] else 0.0
+        c5 = round((sl[-1] - sl[-6]) / sl[-6] * 100, 2) if len(sl) >= 6 and sl[-6] else 0.0
+        c10 = round((sl[-1] - sl[-11]) / sl[-11] * 100, 2) if len(sl) >= 11 and sl[-11] else 0.0
+        pg[gid] = {"value": sl[-1], "change_pct": c1, "change_5d": c5, "change_10d": c10}
+
+    # Derived: yield curve slope
+    v10 = pg.get("us10y", {}).get("value")
+    v3m = pg.get("us3m", {}).get("value")
+    if v10 and v3m:
+        if v10 > 20: v10 /= 10
+        if v3m > 20: v3m /= 10
+        pg["slope_10y3m"] = {"value": round(v10 - v3m, 3), "change_pct": 0.0, "change_5d": 0.0, "change_10d": 0.0}
+
+    # Derived: Gold/Copper ratio
+    gv_ = pg.get("gold", {}).get("value")
+    cv = pg.get("copper", {}).get("value")
+    if gv_ and cv:
+        pg["gold_copper_ratio"] = {"value": round(gv_ / cv, 1), "change_pct": 0.0, "change_5d": 0.0, "change_10d": 0.0}
+
+    # Derived: relative performances
+    spx_c = pg.get("spx", {}).get("change_pct") or 0.0
+    iwm_c_ = pg.get("iwm", {}).get("change_pct") or 0.0
+    pg["iwm_spx_ratio"] = {"value": round(iwm_c_ - spx_c, 2), "change_pct": 0.0, "change_5d": 0.0, "change_10d": 0.0}
+    xlk_c_ = pg.get("xlk", {}).get("change_pct") or 0.0
+    xlp_c_ = pg.get("xlp", {}).get("change_pct") or 0.0
+    pg["xlk_xlp_momentum"] = {"value": round(xlk_c_ - xlp_c_, 2), "change_pct": 0.0, "change_5d": 0.0, "change_10d": 0.0}
+
+    return pg
+
+
+def bootstrap_regime_history() -> int:
+    """Replay last N trading days from rolling closes to pre-populate _regime_history.
+    Called once automatically on first macro gauge fetch. Returns number of days added."""
+    global _bootstrap_done
+    if _bootstrap_done:
+        return 0
+    _bootstrap_done = True  # Set early to prevent concurrent double-bootstrap
+
+    if not _rolling_closes:
+        return 0
+
+    min_len = min((len(v) for v in _rolling_closes.values() if v), default=0)
+    n_days = max(0, min(20, min_len - 11))
+    if n_days == 0:
+        return 0
+
+    days_added = 0
+    with _regime_history_lock:
+        _regime_history.clear()
+        for offset in range(n_days, 0, -1):   # oldest → most recent
+            pg = _build_pseudo_gauges(offset)
+            if len(pg) < 8:
+                continue
+            day_scores, _ = _score_raw(pg)
+            ranked = sorted(day_scores.items(), key=lambda x: x[1], reverse=True)
+            dom = ranked[0][0] if ranked[0][1] > 20 else "incertain"
+            _regime_history.append({
+                "date": (datetime.utcnow().date() - timedelta(days=offset)).isoformat(),
+                "scores": day_scores,
+                "dominant": dom,
+            })
+            days_added += 1
+    return days_added
+
+
 def get_macro_gauges() -> Dict[str, Any]:
     """Fetch macro gauges from yfinance in parallel and compute derived metrics."""
     from concurrent.futures import ThreadPoolExecutor, as_completed
@@ -503,6 +636,16 @@ def get_macro_gauges() -> Dict[str, Any]:
         "note": vol_regime,
     }
 
+    # Enrich gauges with 5-day and 10-day rolling changes (one batch yf call)
+    _refresh_rolling_cache()
+    for gid in list(raw.keys()):
+        raw[gid]["change_5d"] = _rolling_pct(gid, 5)
+        raw[gid]["change_10d"] = _rolling_pct(gid, 10)
+
+    # Bootstrap regime history on first run (uses _rolling_closes already populated)
+    if not _bootstrap_done:
+        bootstrap_regime_history()
+
     return _sanitize_floats(raw)
 
 
@@ -518,47 +661,46 @@ def _sanitize_floats(obj: Any) -> Any:
     return obj
 
 
-def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
+def _score_raw(gauges: Dict[str, Any]) -> tuple:
-    """Rule-based scoring of the 5 macro regimes (0-100 each) from live gauge values."""
+    """Pure rule-based scoring using blended multi-period signals. Returns (scores, reasons)."""
     def gv(k): return gauges.get(k, {}).get("value")
-    def gc(k): return gauges.get(k, {}).get("change_pct") or 0.0
+    def gb(k): return _gc_blended(gauges, k)   # 20% 1d + 50% 5d + 30% 10d
 
     vix      = gv("vix") or 20.0
     slope    = gv("slope_10y3m")
     gcr      = gv("gold_copper_ratio")
     vs200    = gv("spx_vs_200d")
-    brent_c  = gc("brent")
+    brent_c  = gb("brent")
-    ng_c     = gc("ng")
+    ng_c     = gb("ng")
-    gold_c   = gc("gold")
+    gold_c   = gb("gold")
-    copper_c = gc("copper")
+    copper_c = gb("copper")
-    hyg_c    = gc("hyg")
+    hyg_c    = gb("hyg")
-    lqd_c    = gc("lqd")
+    lqd_c    = gb("lqd")
-    ief_c    = gc("ief")
+    ief_c    = gb("ief")
-    dxy_c    = gc("dxy")
+    dxy_c    = gb("dxy")
-    iwm_c    = gc("iwm")
+    iwm_c    = gb("iwm")
-    xli_c    = gc("xli")
+    xli_c    = gb("xli")
-    rel_perf = gv("iwm_spx_ratio") or 0.0  # Russell vs S&P relative perf
+    rel_perf = gv("iwm_spx_ratio") or 0.0
-    # ── Nouveaux signaux (phase 2 — 50 compteurs) ────────────────────────────
+    skew_v   = gv("skew") or 115.0
-    skew_v   = gv("skew") or 115.0   # CBOE SKEW: normal ~115, élevé >130, extrême >145
+    vvix_v   = gv("vvix") or 85.0
-    vvix_v   = gv("vvix") or 85.0    # Vol-of-vol: normal ~85, élevé >100, panique >115
+    ovx_v    = gv("ovx") or 25.0
-    ovx_v    = gv("ovx") or 25.0     # Oil vol implicite
+    gvz_v    = gv("gvz") or 17.0
-    gvz_v    = gv("gvz") or 17.0     # Gold vol implicite
+    tlt_c    = gb("tlt")
-    tlt_c    = gc("tlt")             # Long bonds 20Y+ (hausse = flight to quality)
+    xlk_c    = gb("xlk")
-    xlk_c    = gc("xlk")             # Tech (hausse = risk-on sectoriel)
+    xlf_c    = gb("xlf")
-    xlf_c    = gc("xlf")             # Financières (baisse = stress crédit)
+    xlp_c    = gb("xlp")
-    xlp_c    = gc("xlp")             # Conso. défensif (hausse = rotation défensive)
+    xlu_c    = gb("xlu")
-    xlu_c    = gc("xlu")             # Utilities (hausse = rotation défensive)
+    eem_c    = gb("eem")
-    eem_c    = gc("eem")             # EM actions (hausse = croissance globale)
+    emb_c    = gb("emb")
-    emb_c    = gc("emb")             # EM bonds (baisse = crise liquidité EM)
+    fxi_c    = gb("fxi")
-    fxi_c    = gc("fxi")             # Chine equities
+    usdjpy_c = gb("usdjpy")
-    usdjpy_c = gc("usdjpy")          # USD/JPY (baisse = JPY s'apprécie = risk-off/panique carry)
+    silver_c = gb("silver")
-    silver_c = gc("silver")          # Argent (surperf or = risk-on industriel)
     tech_vs_staples = gv("xlk_xlp_momentum") or 0.0
 
     scores: Dict[str, int] = {}
     reasons: Dict[str, List[str]] = {}
 
-    # GOLDILOCKS — croissance + faible volatilité + crédit serré
+    # GOLDILOCKS
     s = 0; r: List[str] = []
     if vix < 15:   s += 30; r.append("VIX<15")
     elif vix < 18: s += 20; r.append("VIX<18")
@@ -567,7 +709,7 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
         if slope > 1.0:   s += 20; r.append("Courbe +1%pt")
         elif slope > 0.3: s += 10; r.append("Courbe légèrement positive")
     if gcr is not None:
-        if gcr < 500:  s += 20; r.append(f"Or/Cu {gcr} (croissance)")
+        if gcr < 500:   s += 20; r.append(f"Or/Cu {gcr} (croissance)")
         elif gcr < 600: s += 10
     if hyg_c > 0.2:  s += 15; r.append("HYG↑ (crédit OK)")
     elif hyg_c > 0:  s += 5
@@ -575,12 +717,11 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
         if vs200 > 5:   s += 15; r.append(f"S&P+{vs200}% vs 200j")
         elif vs200 > 0: s += 7
     if copper_c > 0.5: s += 10; r.append("Cuivre↑")
-    # Signaux phase 2
+    if skew_v < 115:          s += 6; r.append(f"SKEW {skew_v:.0f} (no tail hedge)")
-    if skew_v < 115:    s += 6; r.append(f"SKEW {skew_v:.0f} (no tail hedge = complacency)")
+    if vvix_v < 85:           s += 5; r.append(f"VVIX {vvix_v:.0f} (vol stable)")
-    if vvix_v < 85:     s += 5; r.append(f"VVIX {vvix_v:.0f} (vol stable)")
     if tech_vs_staples > 0.5: s += 7; r.append("Tech > Défensifs (risk-on sectoriel)")
-    if eem_c > 0.3:     s += 6; r.append("EM↑ (croissance globale)")
+    if eem_c > 0.3:           s += 6; r.append("EM↑ (croissance globale)")
-    if usdjpy_c > 0.2:  s += 4; r.append("JPY↓ (carry actif = risk-on)")
+    if usdjpy_c > 0.2:        s += 4; r.append("JPY↓ (carry actif = risk-on)")
     scores["goldilocks"] = min(100, s); reasons["goldilocks"] = r
 
     # DÉSINFLATION / BAISSE DE TAUX
@@ -594,13 +735,12 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
     if vs200 is not None and vs200 > 0: s += 20; r.append("S&P au-dessus 200j")
     if hyg_c > 0:       s += 10; r.append("HYG↑")
     if gold_c > 0 and brent_c < 0: s += 10; r.append("Or↑+Brent↓ (taux réels ↓)")
-    # Signaux phase 2
+    if tlt_c > 0.5:     s += 12; r.append("TLT↑↑ (désinflation confirmée)")
-    if tlt_c > 0.5:     s += 12; r.append("TLT↑↑ (taux 20Y baissent = désinflation confirmée)")
     elif tlt_c > 0.2:   s += 6;  r.append("TLT↑ (bonds longs soutiennent)")
-    if xlf_c > 0:       s += 5;  r.append("XLF↑ (banques = anticipent baisse taux)")
+    if xlf_c > 0:       s += 5;  r.append("XLF↑ (anticipent baisse taux)")
     scores["desinflation"] = min(100, s); reasons["desinflation"] = r
 
-    # STAGFLATION — inflation + croissance faible
+    # STAGFLATION
     s = 0; r = []
     if brent_c > 2.0:   s += 30; r.append("Brent↑↑")
     elif brent_c > 0.5: s += 15; r.append("Brent↑")
@@ -612,11 +752,10 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
     if gold_c > 0.5:    s += 15; r.append("Or↑ (protection inflation)")
     if copper_c < 0:    s += 15; r.append("Cuivre↓ (demande faible)")
     if vix > 18:        s += 10; r.append("VIX élevé")
-    # Signaux phase 2
     if xlp_c > xlk_c + 0.5: s += 8; r.append("Défensifs > Tech (rotation stagflationniste)")
-    if xlu_c > 0.4:          s += 6; r.append("Utilities↑ (rotation vers revenus stables)")
+    if xlu_c > 0.4:          s += 6; r.append("Utilities↑ (revenus stables)")
     if skew_v > 130:         s += 5; r.append(f"SKEW {skew_v:.0f} (tail risk croissant)")
-    if tlt_c < -0.3:         s += 5; r.append("TLT↓ (taux longs remontent = inflation persistante)")
+    if tlt_c < -0.3:         s += 5; r.append("TLT↓ (inflation persistante)")
     scores["stagflation"] = min(100, s); reasons["stagflation"] = r
 
     # RÉCESSION
@@ -625,24 +764,23 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
         if slope < -0.5: s += 30; r.append("Courbe fortement inversée")
         elif slope < 0:  s += 15; r.append("Courbe inversée")
     if gcr is not None:
-        if gcr > 750: s += 25; r.append(f"Or/Cu {gcr} (peur)")
+        if gcr > 750:   s += 25; r.append(f"Or/Cu {gcr} (peur)")
         elif gcr > 650: s += 10
-    if vix > 28:      s += 25; r.append("VIX>28")
+    if vix > 28:        s += 25; r.append("VIX>28")
-    elif vix > 22:    s += 12
+    elif vix > 22:      s += 12
-    if copper_c < -1.5: s += 20; r.append("Cuivre↓↓")
+    if copper_c < -1.5:   s += 20; r.append("Cuivre↓↓")
     elif copper_c < -0.5: s += 8
-    if hyg_c < -0.5:  s += 15; r.append("HYG↓ (spreads s'écartent)")
+    if hyg_c < -0.5:    s += 15; r.append("HYG↓ (spreads s'écartent)")
-    elif hyg_c < 0:   s += 5
+    elif hyg_c < 0:     s += 5
-    if gold_c > 0.3:  s += 10; r.append("Or↑ (refuge)")
+    if gold_c > 0.3:    s += 10; r.append("Or↑ (refuge)")
-    # Signaux phase 2
+    if tlt_c > 0.5:     s += 15; r.append("TLT↑↑ (signal recessionnaire fort)")
-    if tlt_c > 0.5:      s += 15; r.append("TLT↑↑ (fuite vers bonds longs = signal recessionnaire fort)")
+    elif tlt_c > 0.2:   s += 7;  r.append("TLT↑ (obligations soutenues)")
-    elif tlt_c > 0.2:    s += 7;  r.append("TLT↑ (obligations soutenues)")
+    if xlf_c < -1.0:    s += 12; r.append("Financières↓↓ (leading indicator récession)")
-    if xlf_c < -1.0:     s += 12; r.append("Financières↓↓ (banques = leading indicator récession)")
+    elif xlf_c < -0.3:  s += 5
-    elif xlf_c < -0.3:   s += 5
+    if eem_c < -1.0:    s += 8;  r.append("EM↓ (global slowdown)")
-    if eem_c < -1.0:     s += 8;  r.append("EM↓ (global slowdown)")
     if usdjpy_c < -1.0:  s += 10; r.append("JPY↑↑ (carry unwind = risk-off global)")
     elif usdjpy_c < -0.5: s += 5
-    if skew_v > 135:     s += 8;  r.append(f"SKEW {skew_v:.0f} (tail risk extrême)")
+    if skew_v > 135:    s += 8;  r.append(f"SKEW {skew_v:.0f} (tail risk extrême)")
     scores["recession"] = min(100, s); reasons["recession"] = r
 
     # CRISE DE LIQUIDITÉ
@@ -650,7 +788,7 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
     if vix > 35:     s += 35; r.append("VIX>35 (panique)")
     elif vix > 28:   s += 20; r.append("VIX>28")
     elif vix > 22:   s += 8
-    if hyg_c < -1.5: s += 35; r.append("HYG↓↓ (crise crédit)")
+    if hyg_c < -1.5:   s += 35; r.append("HYG↓↓ (crise crédit)")
     elif hyg_c < -0.5: s += 15
     if lqd_c < -0.5: s += 10; r.append("IG↓ (spreads s'écartent)")
     if vs200 is not None:
@@ -659,43 +797,40 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
     if gold_c > 1.0 and copper_c < -1.0: s += 20; r.append("Or↑+Cuivre↓ (fuite sécurité)")
     if dxy_c > 1.0:  s += 15; r.append("Dollar↑↑")
     if ief_c > 0.5:  s += 10; r.append("Obligations souveraines↑↑")
-    # Signaux phase 2 — les meilleurs indicateurs de crise liquide
+    if skew_v > 145:      s += 15; r.append(f"SKEW {skew_v:.0f} — tail risk extrême")
-    if skew_v > 145:     s += 15; r.append(f"SKEW {skew_v:.0f} — extrême tail risk (panique protection)")
+    elif skew_v > 135:    s += 8
-    elif skew_v > 135:   s += 8
+    if vvix_v > 115:      s += 15; r.append(f"VVIX {vvix_v:.0f} — vol-of-vol panique")
-    if vvix_v > 115:     s += 15; r.append(f"VVIX {vvix_v:.0f} — vol-of-vol panique")
+    elif vvix_v > 100:    s += 8;  r.append(f"VVIX {vvix_v:.0f} — vol élevée")
-    elif vvix_v > 100:   s += 8;  r.append(f"VVIX {vvix_v:.0f} — vol élevée")
+    if usdjpy_c < -1.5:   s += 15; r.append("JPY↑↑↑ (carry unwind = panique globale)")
-    if usdjpy_c < -1.5:  s += 15; r.append("JPY↑↑↑ (carry trade unwind = panique globale)")
+    elif usdjpy_c < -0.8: s += 7;  r.append("JPY↑ (risk-off carry)")
-    elif usdjpy_c < -0.8: s += 7; r.append("JPY↑ (risk-off carry)")
+    if xlf_c < -2.0:      s += 15; r.append("Banques↓↓ (stress bancaire systémique)")
-    if xlf_c < -2.0:     s += 15; r.append("Banques↓↓ (stress bancaire systémique)")
+    elif xlf_c < -1.0:    s += 7
-    elif xlf_c < -1.0:   s += 7
+    if emb_c < -1.0:      s += 10; r.append("EM Bonds↓ (fuite liquidité EM)")
-    if emb_c < -1.0:     s += 10; r.append("EM Bonds↓ (fuite liquidité EM)")
     scores["crise_liquidite"] = min(100, s); reasons["crise_liquidite"] = r
 
-    # REFLATION — croissance accélère + inflation remonte (cuivre, énergie, small caps explosent)
+    # REFLATION
     s = 0; r = []
-    if copper_c > 1.5:  s += 25; r.append("Cuivre↑↑ (Dr Copper = croissance)")
+    if copper_c > 1.5:   s += 25; r.append("Cuivre↑↑ (Dr Copper = croissance)")
     elif copper_c > 0.5: s += 12; r.append("Cuivre↑")
-    if xli_c > 0.8:    s += 20; r.append("Industriels↑↑ (activité mfg forte)")
+    if xli_c > 0.8:      s += 20; r.append("Industriels↑↑ (activité mfg forte)")
-    elif xli_c > 0.2:  s += 10; r.append("Industriels↑")
+    elif xli_c > 0.2:    s += 10; r.append("Industriels↑")
-    if brent_c > 1.5:  s += 15; r.append("Brent↑ (reflation énergie)")
+    if brent_c > 1.5:    s += 15; r.append("Brent↑ (reflation énergie)")
-    elif brent_c > 0.3: s += 6
+    elif brent_c > 0.3:  s += 6
-    if vs200 is not None and vs200 > 8:  s += 20; r.append(f"S&P+{vs200}% vs 200j (bull fort)")
+    if vs200 is not None and vs200 > 8:   s += 20; r.append(f"S&P+{vs200}% vs 200j (bull fort)")
     elif vs200 is not None and vs200 > 3: s += 10
-    if slope is not None and slope > 1.0: s += 15; r.append("Courbe pentue (anticipation croissance)")
+    if slope is not None and slope > 1.0:  s += 15; r.append("Courbe pentue (croissance)")
     elif slope is not None and slope > 0.3: s += 6
     if rel_perf > 0.3: s += 10; r.append("Small caps > large (risk-on large)")
     elif rel_perf > 0: s += 4
     if vix < 18: s += 5
-    # Signaux phase 2
+    if eem_c > 1.0:    s += 10; r.append("EM↑↑ (reflation globale)")
-    if eem_c > 1.0:    s += 10; r.append("EM↑↑ (croissance mondiale = reflation globale)")
     elif eem_c > 0.3:  s += 5;  r.append("EM↑ (global risk-on)")
     if xlk_c > 1.0:   s += 8;  r.append("Tech↑↑ (croissance+momentum)")
-    if silver_c > 1.5: s += 8;  r.append("Argent↑↑ (industrial metals = reflation industrielle)")
+    if silver_c > 1.5: s += 8;  r.append("Argent↑↑ (reflation industrielle)")
-    if usdjpy_c > 0.5: s += 6;  r.append("JPY↓ (carry trades actifs = risk-on global)")
+    if usdjpy_c > 0.5: s += 6;  r.append("JPY↓ (carry trades actifs)")
     scores["reflation"] = min(100, s); reasons["reflation"] = r
 
-    # SOFT LANDING — croissance positive + inflation en repli, pas encore basse
+    # SOFT LANDING
-    # Intermédiaire entre Goldilocks (idéal) et Désinflation (taux baissent fortement)
     s = 0; r = []
     if vs200 is not None and vs200 > 0: s += 20; r.append("S&P > MA200 (croissance intacte)")
     if brent_c < -0.5 and brent_c > -3: s += 20; r.append("Brent légèrement ↓ (désinflation graduelle)")
@@ -707,14 +842,12 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
     if xli_c > 0:      s += 8;  r.append("Industriels positifs")
     if copper_c > 0:   s += 5;  r.append("Cuivre stable")
     if ief_c > 0 and brent_c < 0: s += 7; r.append("Taux baissent + énergie recule")
-    # Signaux phase 2
+    if xlf_c > 0:      s += 8;  r.append("Financières↑ (économie saine)")
-    if xlf_c > 0:      s += 8;  r.append("Financières↑ (banques = économie saine, no recession)")
     if eem_c > 0:      s += 5;  r.append("EM stable (croissance globale intacte)")
     if skew_v < 130:   s += 4;  r.append(f"SKEW {skew_v:.0f} (tail risk non-extrême)")
     scores["soft_landing"] = min(100, s); reasons["soft_landing"] = r
 
-    # CHOC INFLATIONNISTE — spike énergie/supply soudain (guerre, OPEC, sécheresse)
+    # CHOC INFLATIONNISTE
-    # Différent de Stagflation : c'est un choc externe aigu, pas un régime durable
     s = 0; r = []
     if brent_c > 4.0:   s += 40; r.append("Brent↑↑↑ (choc énergie majeur)")
     elif brent_c > 2.0: s += 25; r.append("Brent↑↑")
@@ -727,16 +860,56 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
     elif vix > 18:      s += 5
     if copper_c < -0.5: s += 8; r.append("Cuivre↓ (demand destruction)")
     if ief_c < -0.2:    s += 8; r.append("Trésor↓ (taux longs remontent)")
-    # Signaux phase 2
+    if ovx_v > 45:      s += 15; r.append(f"OVX {ovx_v:.0f} — vol pétrole extrême")
-    if ovx_v > 45:      s += 15; r.append(f"OVX {ovx_v:.0f} — vol pétrole extreme (choc supply aigu)")
     elif ovx_v > 35:    s += 8;  r.append(f"OVX {ovx_v:.0f} — vol pétrole élevée")
-    if gvz_v > 22:      s += 8;  r.append(f"GVZ {gvz_v:.0f} — vol or élevée (inflation/géo)")
+    if gvz_v > 22:      s += 8;  r.append(f"GVZ {gvz_v:.0f} — vol or élevée")
     if xlp_c > 0.5:     s += 6;  r.append("Défensifs↑ (rotation anti-inflation)")
-    if tlt_c < -0.5:    s += 8;  r.append("TLT↓↓ (taux 20Y montent = anticipation inflation)")
+    if tlt_c < -0.5:    s += 8;  r.append("TLT↓↓ (anticipation inflation)")
     scores["inflation_shock"] = min(100, s); reasons["inflation_shock"] = r
 
-    ranked = sorted(scores.items(), key=lambda x: x[1], reverse=True)
+    return scores, reasons
-    dominant = ranked[0][0] if ranked[0][1] > 20 else "incertain"
+
+
+def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
+    """Score macro regimes with blended multi-period signals + Bayesian smoothing from history."""
+    raw_scores, reasons = _score_raw(gauges)
+    scores = dict(raw_scores)
+
+    with _regime_history_lock:
+        history_len = len(_regime_history)
+
+        # Bayesian smoothing: blend raw scores with rolling average of past N days
+        if history_len >= 3:
+            w_prior = min(0.45, 0.05 * history_len)   # grows from 15% to 45% over 9+ days
+            for key in scores:
+                prior_vals = [h["scores"].get(key, 0) for h in _regime_history]
+                prior_avg = sum(prior_vals) / len(prior_vals)
+                scores[key] = int(round(min(100, (1 - w_prior) * scores[key] + w_prior * prior_avg)))
+
+        ranked = sorted(scores.items(), key=lambda x: x[1], reverse=True)
+        dominant = ranked[0][0] if ranked[0][1] > 20 else "incertain"
+
+        # Regime persistence: resist switching unless new leader is clearly ahead
+        if history_len >= 5 and dominant != "incertain":
+            prev_dominant = _regime_history[-1].get("dominant", "incertain")
+            if (prev_dominant != "incertain" and dominant != prev_dominant
+                    and scores[dominant] - scores.get(prev_dominant, 0) < 10):
+                dominant = prev_dominant
+
+        # Count consecutive days current dominant has held
+        consecutive = 0
+        for h in reversed(list(_regime_history)):
+            if h.get("dominant") == dominant:
+                consecutive += 1
+            else:
+                break
+
+        # Store today's snapshot (raw scores as prior for next call)
+        _regime_history.append({
+            "date": datetime.utcnow().date().isoformat(),
+            "scores": dict(raw_scores),
+            "dominant": dominant,
+        })
 
     return {
         "scores": scores,
@@ -745,4 +918,6 @@ def score_macro_scenarios(gauges: Dict[str, Any]) -> Dict[str, Any]:
         "reasons": reasons,
         "meta": SCENARIO_META,
         "asset_bias": SCENARIO_ASSET_BIAS,
+        "history_days": history_len,
+        "regime_stability": consecutive,
     }

frontend/src/pages/MacroRegime.tsx

@@ -127,6 +127,8 @@ export default function MacroRegime() {
   const ranked: [string, number][] = scenarios.ranked ?? []
   const reasons: Record<string, string[]> = scenarios.reasons ?? {}
   const assetBias: Record<string, Record<string, string>> = scenarios.asset_bias ?? {}
+  const historyDays: number = scenarios.history_days ?? 0
+  const regimeStability: number = scenarios.regime_stability ?? 0
   const dominantMeta = meta[dominant] ?? { label: dominant, color: '#94a3b8', emoji: '?' }
   const dominantBias: Record<string, string> = assetBias[dominant] ?? {}
 
@@ -215,6 +217,17 @@ export default function MacroRegime() {
                   {scores[dominant]}%
                 </div>
                 <div className="text-xs text-slate-600">score de régime</div>
+                {regimeStability > 0 && (
+                  <div className="text-[10px] mt-1 px-1.5 py-0.5 rounded-full text-center"
+                    style={{ background: `${dominantMeta.color}22`, color: dominantMeta.color }}>
+                    stable {regimeStability}j
+                  </div>
+                )}
+                {historyDays > 0 && (
+                  <div className="text-[10px] text-slate-700 mt-0.5 text-center">
+                    {historyDays}j d'historique
+                  </div>
+                )}
               </div>
             </div>
           )}