Cross-Sector Risk-Off Basket
ExpandingTheme thesis
$NSC matters if cyclical participation keeps spreading beyond the first wave.
Use the confirmer and break level to decide if this setup is still worth your time.
StageBroadening
UpdatedLive
Breadth86%
Setup strength
47
Why it matters
$NSC matters if cyclical participation keeps spreading beyond the first wave.
What changed
NSC leadership persisted
What to watch
CVBF is the clearest next confirmation candidate and should tell us whether the move can broaden.
What breaks it
Cross-asset confirmation is still fragile, so spillover can stall before it becomes durable.
Latest Headlines
No symbol-linked headlines found in the current lookback window.
No related headlines found
No recent headlines matched the theme's leader or member tickers in the current lookback window.
Who Is Leading
Breadth
86%
How broad the move is
Leaders
1
Confirmers
0
Lagging
0
Leaders
NSC is the current leadership name for Cross-Sector Risk-Off Basket, carrying the highest structural influence in the live cluster.
Confirmers
No live confirmer roster available.
Supporting Names
CAKE is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
CCEP is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
CNI is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
CON is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
CPT is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
CVBF is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
EQR is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
FAST is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
JOE is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
KIM is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
MTH is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
Not Yet Participating
What Is Confirming
Confirming Sectors
NSC
88% participation
88%
Watchlist Sectors
CAKE — Participation 64%
CCEP — Participation 58%
CNI — Participation 52%
Absent Sectors
CON — Still absent
CPT — Still absent
CVBF — Still absent
Live Names
12 names
Rank
Symbol
Role
Signal
Score
Recent
Note
1
NSC (NSC)
Leader
Live
n/a
n/a
NSC is the current leadership name for Cross-Sector Risk-Off Basket, carrying the highest structural influence in the live cluster.
2
CAKE (CAKE)
Participant
Live
n/a
n/a
CAKE is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
3
CCEP (CCEP)
Participant
Live
n/a
n/a
CCEP is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
4
CNI (CNI)
Participant
Live
n/a
n/a
CNI is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
5
CON (CON)
Participant
Live
n/a
n/a
CON is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
6
CPT (CPT)
Participant
Live
n/a
n/a
CPT is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
7
CVBF (CVBF)
Participant
Live
n/a
n/a
CVBF is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
8
EQR (EQR)
Participant
Live
n/a
n/a
EQR is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
9
FAST (FAST)
Participant
Live
n/a
n/a
FAST is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
10
JOE (JOE)
Participant
Live
n/a
n/a
JOE is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
11
KIM (KIM)
Participant
Live
n/a
n/a
KIM is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
12
MTH (MTH)
Participant
Live
n/a
n/a
MTH is acting as a bridge inside Cross-Sector Risk-Off Basket, helping the move transmit beyond the core leadership group.
Theme Stability
Theme stability
This view is meant to answer a simple question: is the theme holding together, broadening, narrowing, or still changing shape?
First seen2026-05-19
Last seen2026-05-19
Runs20
Days2
ReadForming · 2 days
Label driftNo drift
No deeper lineage trail is available yet for this theme.
Activation Evidence
Live
First wave leaders
1
Names that moved first.
Second wave confirmers
0
Follow-through names joining after the leader.
Net new members
1
New names added to the move.
Repeat rate
50%
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
59%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.