diff --git a/data/registry.json b/data/registry.json
index 759f163..5af69b2 100644
--- a/data/registry.json
+++ b/data/registry.json
@@ -6838,9 +6838,7 @@
       "depends_on": [
         "sentiment-signals"
       ],
-      "referenced_by": [
-        "sentiment-signals"
-      ],
+      "referenced_by": [],
       "parent": "adaptive-monitoring",
       "tags": [
         "domain:investing",
@@ -7246,20 +7244,18 @@
         "estimated_tokens_body": 4047,
         "estimated_tokens_total": 4088
       },
-      "health_status": "healthy",
+      "health_status": "warning",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 69,
+      "auto_score": 63,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 69,
+      "composite_score": 63,
       "depends_on": [
         "factor-exposure",
         "regime-intelligence"
       ],
-      "referenced_by": [
-        "factor-exposure"
-      ],
+      "referenced_by": [],
       "parent": "asset-universe",
       "tags": [
         "domain:investing",
@@ -7785,13 +7781,12 @@
       "health_status": "healthy",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 76,
+      "auto_score": 72,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 76,
+      "composite_score": 72,
       "depends_on": [
-        "asset-allocation",
-        "equities"
+        "asset-allocation"
       ],
       "referenced_by": [
         "equities",
@@ -7968,10 +7963,7 @@
       "manual_rating": null,
       "manual_notes": null,
       "composite_score": 74,
-      "depends_on": [
-        "reflexivity-theory",
-        "sentiment-signals"
-      ],
+      "depends_on": [],
       "referenced_by": [
         "behavioral-game-theory",
         "belief-auditor",
@@ -8016,17 +8008,16 @@
       "health_status": "healthy",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 76,
+      "auto_score": 72,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 76,
+      "composite_score": 72,
       "depends_on": [
         "macro-cycles",
         "market-psychology"
       ],
       "referenced_by": [
         "frontier-intelligence",
-        "market-psychology",
         "mindshare-tracker",
         "second-level-thinking"
       ],
@@ -8064,18 +8055,16 @@
       "health_status": "healthy",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 71,
+      "auto_score": 67,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 71,
+      "composite_score": 67,
       "depends_on": [
-        "alt-data-monitoring",
         "market-psychology"
       ],
       "referenced_by": [
         "alt-data-monitoring",
         "insider-signals",
-        "market-psychology",
         "signaling-screening"
       ],
       "parent": "reflexivity-sentiment",
@@ -8170,8 +8159,7 @@
         "monetary-regime"
       ],
       "referenced_by": [
-        "fixed-income",
-        "macro-cycles"
+        "fixed-income"
       ],
       "parent": "regime-intelligence",
       "tags": [
@@ -8211,10 +8199,7 @@
       "manual_rating": null,
       "manual_notes": null,
       "composite_score": 79,
-      "depends_on": [
-        "fiscal-regime",
-        "monetary-regime"
-      ],
+      "depends_on": [],
       "referenced_by": [
         "commodities",
         "currencies",
@@ -8258,10 +8243,10 @@
       "health_status": "healthy",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 76,
+      "auto_score": 72,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 76,
+      "composite_score": 72,
       "depends_on": [
         "macro-cycles"
       ],
@@ -8269,7 +8254,6 @@
         "currencies",
         "fiscal-regime",
         "fixed-income",
-        "macro-cycles",
         "money-and-financial-systems"
       ],
       "parent": "regime-intelligence",
@@ -8364,8 +8348,7 @@
         "alternatives",
         "asset-allocation",
         "fixed-income",
-        "hedging-architecture",
-        "tail-risk"
+        "hedging-architecture"
       ],
       "parent": "risk-architecture",
       "tags": [
@@ -8456,8 +8439,7 @@
         "tail-risk"
       ],
       "referenced_by": [
-        "drawdown-psychology",
-        "tail-risk"
+        "drawdown-psychology"
       ],
       "parent": "risk-architecture",
       "tags": [
@@ -8497,10 +8479,7 @@
       "manual_rating": null,
       "manual_notes": null,
       "composite_score": 79,
-      "depends_on": [
-        "correlation-regimes",
-        "position-sizing"
-      ],
+      "depends_on": [],
       "referenced_by": [
         "correlation-regimes",
         "counterfactual-reasoner",
@@ -8635,14 +8614,11 @@
       "health_status": "healthy",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 76,
+      "auto_score": 72,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 76,
-      "depends_on": [
-        "insider-signals",
-        "spinoffs-restructuring"
-      ],
+      "composite_score": 72,
+      "depends_on": [],
       "referenced_by": [
         "auction-theory",
         "complexity-premium",
@@ -8692,7 +8668,6 @@
         "sentiment-signals"
       ],
       "referenced_by": [
-        "event-driven",
         "information-economics",
         "signaling-screening"
       ],
@@ -8727,20 +8702,18 @@
         "estimated_tokens_body": 5372,
         "estimated_tokens_total": 5419
       },
-      "health_status": "healthy",
+      "health_status": "warning",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 69,
+      "auto_score": 63,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 69,
+      "composite_score": 63,
       "depends_on": [
         "event-driven",
         "intrinsic-value"
       ],
-      "referenced_by": [
-        "event-driven"
-      ],
+      "referenced_by": [],
       "parent": "special-situations",
       "tags": [
         "domain:investing",
@@ -8825,7 +8798,6 @@
       "manual_notes": null,
       "composite_score": 72,
       "depends_on": [
-        "quality-compounders",
         "second-level-thinking"
       ],
       "referenced_by": [
@@ -8866,17 +8838,15 @@
       "health_status": "healthy",
       "last_checked": "2026-03-28T04:11:39Z",
       "status": "active",
-      "auto_score": 72,
+      "auto_score": 66,
       "manual_rating": null,
       "manual_notes": null,
-      "composite_score": 72,
+      "composite_score": 66,
       "depends_on": [
         "factor-exposure",
         "intrinsic-value"
       ],
-      "referenced_by": [
-        "intrinsic-value"
-      ],
+      "referenced_by": [],
       "parent": "value-quality",
       "tags": [
         "domain:investing",
diff --git a/scripts/wire-investing-graph.py b/scripts/wire-investing-graph.py
index 2b056a8..18702ef 100644
--- a/scripts/wire-investing-graph.py
+++ b/scripts/wire-investing-graph.py
@@ -24,7 +24,9 @@
 
 DEPENDENCY_MAP: dict[str, list[str]] = {
     # ── Regime Intelligence ───────────────────────────────────────────────
-    "macro-cycles":        ["regime-intelligence", "monetary-regime", "fiscal-regime"],
+    # macro-cycles is the foundational sink of this cluster (highest in-degree);
+    # its links to monetary/fiscal live in its Related Skills prose, not here.
+    "macro-cycles":        ["regime-intelligence"],
     "monetary-regime":     ["regime-intelligence", "macro-cycles"],
     "fiscal-regime":       ["regime-intelligence", "macro-cycles", "monetary-regime"],
 
@@ -32,21 +34,21 @@
     "correlation-regimes": ["risk-architecture", "regime-intelligence", "tail-risk"],
     "drawdown-psychology": ["risk-architecture", "position-sizing", "tail-risk", "market-psychology"],
     "position-sizing":     ["risk-architecture", "tail-risk", "portfolio-construction"],
-    "tail-risk":           ["risk-architecture", "correlation-regimes", "position-sizing"],
+    "tail-risk":           ["risk-architecture"],
 
     # ── Portfolio Construction ────────────────────────────────────────────
     "asset-allocation":    ["portfolio-construction", "regime-intelligence", "risk-architecture", "correlation-regimes"],
-    "factor-exposure":     ["portfolio-construction", "equities", "asset-allocation"],
+    "factor-exposure":     ["portfolio-construction", "asset-allocation"],
     "hedging-architecture":["portfolio-construction", "tail-risk", "correlation-regimes"],
     "tax-optimization":    ["portfolio-construction", "asset-allocation"],
 
     # ── Reflexivity & Sentiment ───────────────────────────────────────────
-    "market-psychology":   ["reflexivity-sentiment", "reflexivity-theory", "sentiment-signals"],
+    "market-psychology":   ["reflexivity-sentiment"],
     "reflexivity-theory":  ["reflexivity-sentiment", "market-psychology", "macro-cycles"],
-    "sentiment-signals":   ["reflexivity-sentiment", "market-psychology", "alt-data-monitoring"],
+    "sentiment-signals":   ["reflexivity-sentiment", "market-psychology"],
 
     # ── Value & Quality ───────────────────────────────────────────────────
-    "intrinsic-value":     ["value-quality", "second-level-thinking", "quality-compounders"],
+    "intrinsic-value":     ["value-quality", "second-level-thinking"],
     "quality-compounders": ["value-quality", "intrinsic-value", "factor-exposure"],
     "second-level-thinking":["value-quality", "market-psychology", "reflexivity-theory"],
 
@@ -75,7 +77,7 @@
 
     # ── Special Situations ────────────────────────────────────────────────
     "complexity-premium":    ["special-situations", "second-level-thinking", "event-driven"],
-    "event-driven":          ["special-situations", "insider-signals", "spinoffs-restructuring"],
+    "event-driven":          ["special-situations"],
     "insider-signals":       ["special-situations", "event-driven", "sentiment-signals"],
     "spinoffs-restructuring":["special-situations", "intrinsic-value", "event-driven"],