What locked
Headlines and conventional gauges still looked calm while structure was already under stress. On the sealed 2020–22 chip shortage replay, the entropy gap crossed Crisis in February 2020 — nineteen months before the September 2021 auto-production trough. Semiconductor throughput, inventory depletion, and chip-policy Identity registered while OEMs still treated lean inventory as a virtue.
_V5-locked PIT ledger — semiconductor PPI + auto IP + inventory Body, EPU Mind, chip-policy Identity. Same frozen physics as GFC. Auto IP trough is outcome validator only._
What we will not claim
- This is structural classification — not a dated forecast, not an allocation signal, not a return claim.
- Scoring is deterministic under sealed physics. AI structures evidence into that formula and can read the face. It does not write the number.
Data in. Score out — no AI in the number.
Full sealed case
View chip shortage sealed case · V5-lock note · Corporate desk playbook.