The PM trades to its posture

What changed for people using Bellwether

• The PM trades to its posture. Each posture now carries an explicit Mandate in the PM's brief: expected pace (entries per week), churn tolerance, and a "large gap, no trigger" rule so an under-invested Aggressive/Moderate book takes starter positions instead of waiting indefinitely; the number of orders a session may place is derived from posture (Preservation 2 · Conservative 3 · Moderate 3 · Aggressive 5 · Speculative 8) instead of one number for everyone — verified in live evaluation runs on both models.
• Quant suggestions you keep are acknowledged, not silently edited. Desk suggestion cards get a Keep button; auto-applied tuning shows as such and self-reverts after 7 days if it did not help (bounded auto-applier; the strategy history stays append-only).
• Consult → PM requests are fenced. Anything Consult passes to the PM (symbols, question, wake reason) is validated and quoted inside a fenced block the PM treats as a request, never as instructions; Consult can no longer confirm order-producing cards on its own — an owner or operator must.
• One daily AI budget per book shared by PM, Quant and Consult sessions with plain "budget reached" wording; tool handlers never raise into the SDK.
• Citations mean something: research claims the PM cites must resolve to a brief it actually read (citation-fidelity hold).
• Lab backtests blend signals with the same scoring the live desk uses (a 0.05% default cost per trade, 520-day lookback), so Lab and live agree.