The momentum signal recommends 100% I Fund, but all three analysts unanimously reject this as indefensible — I Fund is down -8.3% monthly with 24.2% annualized volatility, and the 'Bull-Volatile' regime label at just 0.53 confidence is misleading given uniformly negative momentum across all equity funds. The council reached rare full consensus that equity correlations at 0.79 render C/S/I diversification illusory, making G Fund the only true hedge. The Macro Analyst sees this as broad macro deterioration — not sector rotation — and warns tariffs may represent a structural regime shift rather than a cyclical headwind, while the Sentiment Analyst counters that approaching Q1 earnings season could trigger a second leg down if companies pre-announce tariff cost warnings, pushing sentiment from -52 toward -70 territory. The Risk Analyst raised a critical operational point: with only two free interfund transfers per month, the asymmetry strongly favors rotating defensive now — the cost of being wrong on the aggressive side (riding a -10%+ drawdown while locked out) far exceeds the cost of missing a bounce. F Fund is failing as a traditional bond hedge due to rate uncertainty, with losses across all timeframes, leaving G Fund as the sole reliable capital preservation vehicle.