# Block 081 — Cycle position

**Status:** ○ queued
**Phase:** Phase 4 (Framework)

## Topic scope

Cycle indicators: yield curve, unemployment, PMI, credit spreads. Early/mid/late cycle classification.

## Plan

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

## Carry-forward to next block

_(Filled at session close.)_