# Block 076 — Credit ↔ Equities

**Status:** ○ queued
**Phase:** Phase 3 (Cross-asset)

## Topic scope

Risk-on/risk-off correlation. Default cycle → equity vol. Credit-equity reflexivity.

## Plan

_(Filled at session close of prior block, per 2026-06-23 convention.)_

## Carry-forward to next block

_(Filled at session close.)_