{
  "generatedAt": "2026-10-22T19:17:09Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "vp-research",
  "name": "VP Research",
  "role": "Variant Perception",
  "url": "https://deepstack.ltd/people/vp-research/",
  "api": "https://deepstack.ltd/api/v1/entities/people/vp-research.json",
  "summary": "VP Research is named in 4 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 15 (Oil stays out of the core).",
  "parts": [
    {
      "part": 3,
      "headline": "The Machines Will Work. The Debt Might Not.",
      "url": "https://deepstack.ltd/stories/the-debt-behind-the-machines/"
    },
    {
      "part": 7,
      "headline": "The Fed Hiked. The Long End Still Climbed.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 15,
      "headline": "Oil Is the Headline. The Real Yield Is the Bill.",
      "url": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/"
    },
    {
      "part": 16,
      "headline": "The Seller Holds the Paper",
      "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 3,
      "section": "Demand has teeth",
      "excerpt": "Variant Perception’s systematic models remain risk-on, growth indicators are rebounding and semiconductors are still capital-scarce on its capital-cycle framework.",
      "url": "https://deepstack.ltd/stories/the-debt-behind-the-machines/"
    },
    {
      "part": 7,
      "section": "What settles it",
      "excerpt": "Hugh Vuillier of Variant Perception says trimmed-mean PCE is still trending lower.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 7,
      "section": "What settles it",
      "excerpt": "Variant Perception’s account shows why the Fed can look late to one analyst and reckless to another.",
      "url": "https://deepstack.ltd/stories/the-fed-hiked-the-long-end-kept-climbing/"
    },
    {
      "part": 15,
      "section": "Oil stays out of the core",
      "excerpt": "Kira Thornton of Variant Perception wrote on September 14 that core inflation trends remain muted, with Iran and El Niño leaving the energy and food tails beyond policymakers' reach.",
      "url": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/"
    },
    {
      "part": 15,
      "section": "The bill comes as a real yield",
      "excerpt": "Howell wrote on September 18 that the rise came mainly from expected short rates, with term premia arguably falling; Hugh Vuillier of Variant Perception had written on September 6 that the real term premium drove it.",
      "url": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/"
    },
    {
      "part": 16,
      "section": "Two labs carry the chain",
      "excerpt": "Hugh Vuillier of Variant Perception read the delayed offerings of the two labs on October 8 as a sign that the public market is running short of marginal buyers.",
      "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/"
    }
  ],
  "sides": [
    {
      "part": 15,
      "question": null,
      "side": "oil-stays-out-of-the-core",
      "sideLabel": "Oil stays out of the core",
      "claim": "Oil and Iran are driving the inflation narrative, but underlying inflation breadth is muted.",
      "date": "2026-10-06",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/",
      "sidesUrl": "https://deepstack.ltd/sides/oil-is-the-headline-the-real-yield-is-the-bill/"
    },
    {
      "part": 15,
      "question": null,
      "side": "oil-stays-out-of-the-core",
      "sideLabel": "Oil stays out of the core",
      "claim": "The recent rise in the US 10-year yield has been driven by the real term premium rather than by inflation expectations or rate expectations.",
      "date": "2026-09-06",
      "url": "https://blog.variantperception.com/p/politics-trumps-economics-macro-snapshot",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/",
      "sidesUrl": "https://deepstack.ltd/sides/oil-is-the-headline-the-real-yield-is-the-bill/"
    }
  ],
  "coverage": {
    "creators": 1,
    "claims": 1070,
    "texts": 139,
    "asOf": "2026-10-22"
  },
  "lastUpdated": "2026-10-22"
}