Fading
Theme thesis
$SW is in play, but the current flow backdrop still needs a cleaner match.
Use the confirmer and break level to decide if this setup is still worth your time.
StagePersistent
UpdatedLive
Breadth45%
Trade Read
$SW is in play, but the current flow backdrop still needs a cleaner match.
EXP is the clearest next confirmer and should tell us whether the move can broaden.
Breadth and sponsorship may keep weakening, leaving the move isolated.
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Headlines
No related headlines found
No recent headlines matched the theme's leader or member tickers in the current lookback window.
Names
Breadth
How broad the move is
SW is following the broader theme move.
No live confirmer roster available.
ALV is following the broader theme move.
AS is following the broader theme move.
AVNT is following the broader theme move.
BCS is following the broader theme move.
EXP is currently driving the theme.
GIL is following the broader theme move.
JHX is following the broader theme move.
LYG is acting as a bridge inside Basic Materials, helping the move transmit beyond the core leadership group.
SAN is acting as a bridge inside Basic Materials, helping the move transmit beyond the core leadership group.
WBS is acting as a bridge inside Basic Materials, helping the move transmit beyond the core leadership group.
Sectors
ALV — Participation 64%
AS — Participation 58%
AVNT — Participation 52%
BCS — Still absent
EXP — Still absent
GIL — Still absent
Stability
Theme stability
This view is meant to answer a simple question: is the theme holding together, broadening, narrowing, or still changing shape?
First seen2026-05-12
Last seen2026-05-15
Runs9
Days4
ReadModerately stable
Label drift3 variants
20 names
Basic Materials added 20 names and only removed 0
16 names
Banks - Regional added 16 names and only removed 0
15 names
Cross-Sector Defensive Cohort added 15 names and only removed 0
11 names
Basic Materials lost 5 names and added 1
First wave leaders
0
Names that moved first.
Second wave confirmers
0
Follow-through names joining after the leader.
Net new members
0
New names added to the move.
Repeat rate
0%
How often the same names keep reappearing.
Confirmer speed
33%
How quickly confirmation showed up.
Path coherence
0%
How clean the activation path looks.
Sequence buildup
14%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.