diff --git a/signal_v2/main.py b/signal_v2/main.py
index 554bc6c..87ab3a8 100644
--- a/signal_v2/main.py
+++ b/signal_v2/main.py
@@ -82,6 +82,8 @@ async def lifespan(app: FastAPI):
             _ctx.client, state_mod.state, _ctx.shutdown,
             kis_client=_ctx.kis_client,
             chronos=_ctx.chronos,
+            dedup=_ctx.dedup,
+            settings=settings,
         )
     )
 
diff --git a/signal_v2/pull_worker.py b/signal_v2/pull_worker.py
index 8b09041..fe7401e 100644
--- a/signal_v2/pull_worker.py
+++ b/signal_v2/pull_worker.py
@@ -19,6 +19,8 @@ async def poll_loop(
     client: StockClient, state: PollState, shutdown: asyncio.Event,
     kis_client: KISClient | None = None,
     chronos=None,
+    dedup=None,
+    settings=None,
 ) -> None:
     """FastAPI lifespan 에서 asyncio.create_task 로 시작."""
     logger.info("poll_loop started")
@@ -40,6 +42,13 @@ async def poll_loop(
                     await _run_post_close_cycle(kis_client, chronos, state)
                 except Exception:
                     logger.exception("post-close cycle failed")
+            # Phase 4: generate signals
+            if dedup is not None and settings is not None:
+                try:
+                    from signal_v2.signal_generator import generate_signals
+                    generate_signals(state, dedup, settings)
+                except Exception:
+                    logger.exception("generate_signals failed")
         interval = _next_interval(now)
         try:
             await asyncio.wait_for(shutdown.wait(), timeout=interval)
diff --git a/signal_v2/tests/test_pull_worker.py b/signal_v2/tests/test_pull_worker.py
index fe76954..220f58e 100644
--- a/signal_v2/tests/test_pull_worker.py
+++ b/signal_v2/tests/test_pull_worker.py
@@ -95,3 +95,37 @@ async def test_post_close_cycle_updates_chronos_predictions():
     assert state.chronos_predictions["005930"]["conf"] == 0.85
     assert "005930" in state.daily_ohlcv
     assert "chronos/005930" in state.last_updated
+
+
+def test_poll_loop_calls_generate_signals_after_cycle(monkeypatch):
+    """Phase 4: generate_signals 가 cycle 후 state.signals 를 갱신한다."""
+    from unittest.mock import MagicMock
+    from signal_v2.state import PollState
+    from signal_v2.signal_generator import generate_signals
+
+    state = PollState()
+    state.portfolio = {"holdings": [{
+        "ticker": "005930", "name": "삼성전자",
+        "avg_price": 75000, "current_price": 69000,
+        "pnl_pct": -0.08, "profit_rate": -8.0,
+        "quantity": 100, "broker": "키움",
+    }]}
+    state.screener_preview = {"items": []}
+
+    dedup = MagicMock()
+    dedup.is_recent.return_value = False
+
+    settings = MagicMock()
+    settings.stop_loss_pct = -0.07
+    settings.take_profit_pct = 0.15
+    settings.chronos_spread_threshold = 0.6
+    settings.asking_bid_ratio_threshold = 0.6
+    settings.confidence_threshold = 0.7
+    settings.min_momentum_for_buy = "strong_up"
+
+    generate_signals(state, dedup, settings)
+
+    assert "005930" in state.signals
+    assert state.signals["005930"]["action"] == "sell"
+    assert state.signals["005930"]["confidence_webai"] == 1.0
+    dedup.record.assert_called_with("005930", "sell", confidence=1.0)