{
  "methodology": "Market context since 2016. The structural axis is the President (tariffs/fiscal) \u2194 Federal Reserve (rates/independence) tug-of-war: the Fed hike/cut cycle drives the dollar and all markets; presidential tariffs and Fed-independence interference (e.g. Miran's 2025 Fed Board appointment) are policy shocks. VIX = monthly mean of FRED VIXCLS (permissive, US-gov public domain). US index = equal-weight cross-sectional mean of monthly returns across the Track B panel (~566 S&P 500 PIT constituents), rebased to 100 at 2016-02. Events are publicly verifiable milestones on the three structural levers (Fed cycle / trade / Fed-independence), not personal ceremonies. China-market milestones (region 'cn') enter the event table as global-context disclosure: they annotate the world around the US-only index chart, not the plotted series itself. Display-only.",
  "start_label": "2016 \u2192 \u00b7 President \u2194 Fed",
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      "month": "2016-01",
      "vix": 23.72
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      "month": "2016-02",
      "vix": 22.52
    },
    {
      "month": "2016-03",
      "vix": 15.85
    },
    {
      "month": "2016-04",
      "vix": 14.3
    },
    {
      "month": "2016-05",
      "vix": 14.85
    },
    {
      "month": "2016-06",
      "vix": 17.77
    },
    {
      "month": "2016-07",
      "vix": 13.16
    },
    {
      "month": "2016-08",
      "vix": 12.4
    },
    {
      "month": "2016-09",
      "vix": 14.22
    },
    {
      "month": "2016-10",
      "vix": 14.59
    },
    {
      "month": "2016-11",
      "vix": 15.24
    },
    {
      "month": "2016-12",
      "vix": 12.47
    },
    {
      "month": "2017-01",
      "vix": 11.61
    },
    {
      "month": "2017-02",
      "vix": 11.53
    },
    {
      "month": "2017-03",
      "vix": 11.9
    },
    {
      "month": "2017-04",
      "vix": 13.14
    },
    {
      "month": "2017-05",
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    },
    {
      "month": "2017-06",
      "vix": 10.51
    },
    {
      "month": "2017-07",
      "vix": 10.26
    },
    {
      "month": "2017-08",
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    {
      "month": "2017-09",
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    },
    {
      "month": "2017-10",
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    },
    {
      "month": "2017-11",
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    },
    {
      "month": "2017-12",
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    },
    {
      "month": "2018-01",
      "vix": 11.06
    },
    {
      "month": "2018-02",
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    },
    {
      "month": "2018-03",
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    {
      "month": "2018-04",
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    },
    {
      "month": "2018-05",
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    },
    {
      "month": "2018-06",
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    },
    {
      "month": "2018-07",
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    },
    {
      "month": "2018-08",
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    },
    {
      "month": "2018-09",
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    },
    {
      "month": "2018-10",
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    },
    {
      "month": "2018-11",
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    },
    {
      "month": "2018-12",
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    {
      "month": "2019-01",
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    {
      "month": "2019-02",
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    {
      "month": "2019-03",
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    {
      "month": "2019-04",
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    {
      "month": "2019-05",
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    },
    {
      "month": "2019-06",
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    {
      "month": "2019-07",
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    {
      "month": "2019-08",
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    },
    {
      "month": "2019-09",
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    },
    {
      "month": "2019-10",
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    },
    {
      "month": "2019-11",
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    },
    {
      "month": "2019-12",
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      "month": "2020-01",
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    {
      "month": "2020-02",
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    },
    {
      "month": "2020-03",
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    {
      "month": "2020-04",
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    {
      "month": "2020-05",
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    {
      "month": "2020-06",
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    {
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    {
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    {
      "month": "2021-11",
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      "month": "2021-12",
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      "month": "2022-08",
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}