Cross-Sector Risk-On Basket
ExpandingTheme thesis
$WBD is leading Cross-Sector Risk-On Basket; HMC, ATRO, RRR have confirmed that the move is spreading beyond the leader.
Use the confirmer and break level to decide if this setup is still worth your time.
StageBroadening
UpdatedLive
Breadth79%
Setup strength
40
Why it matters
$WBD is leading Cross-Sector Risk-On Basket; HMC, ATRO, RRR have confirmed that the move is spreading beyond the leader.
What changed
WBD leadership persisted
What to watch
SYM is the clearest next confirmation candidate and should tell us whether the move can broaden.
What breaks it
Cross-Sector Risk-On Basket can stay leader-led if SYM and the next software names fail to join while WBD keeps moving.
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
79%
How broad the move is
Leaders
1
Confirmers
0
Lagging
0
Leaders
WBD is the current leadership name for Cross-Sector Risk-On Basket, carrying the highest structural influence in the live cluster.
Confirmers
No live confirmer roster available.
Supporting Names
ATRO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BLCO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
BWLP is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
CEG is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
COGT is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
FRO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
HMC is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
HR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
NTRS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
OSCR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
OTTR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
Not Yet Participating
What Is Confirming
Confirming Sectors
WBD
88% participation
88%
Watchlist Sectors
ATRO — Participation 64%
BLCO — Participation 58%
BWLP — Participation 52%
Absent Sectors
HMC — Still absent
CEG — Still absent
COGT — Still absent
Live Names
12 names
Rank
Symbol
Role
Signal
Score
Recent
Note
1
WBD (WBD)
Leader
Live
n/a
n/a
WBD is the current leadership name for Cross-Sector Risk-On Basket, carrying the highest structural influence in the live cluster.
2
ATRO (ATRO)
Participant
Live
n/a
n/a
ATRO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
3
BLCO (BLCO)
Participant
Live
n/a
n/a
BLCO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
4
BWLP (BWLP)
Participant
Live
n/a
n/a
BWLP is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
5
CEG (CEG)
Participant
Live
n/a
n/a
CEG is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
6
COGT (COGT)
Participant
Live
n/a
n/a
COGT is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
7
FRO (FRO)
Participant
Live
n/a
n/a
FRO is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
8
HMC (HMC)
Participant
Live
n/a
n/a
HMC is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
9
HR (HR)
Participant
Live
n/a
n/a
HR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
10
NTRS (NTRS)
Participant
Live
n/a
n/a
NTRS is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
11
OSCR (OSCR)
Participant
Live
n/a
n/a
OSCR is acting as a bridge inside Cross-Sector Risk-On Basket, helping the move transmit beyond the core leadership group.
12
OTTR (OTTR)
Participant
Live
n/a
n/a
OTTR is acting as a bridge inside Cross-Sector Risk-On 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
Runs2
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
0
New names added to the move.
Repeat rate
89%
How often the same names keep reappearing.
Confirmer speed
0%
How quickly confirmation showed up.
Path coherence
0%
How clean the activation path looks.
Sequence buildup
56%
Whether the move built in sequence.
Leader to confirmer
n/a
Median lead time from leader to confirmer.
Cross-Market Support
How to use this
Treat this as a secondary check. If outside markets are helping, it supports the setup. If they are hurting, lower conviction or wait. If they are neutral, ignore it.
HMC → AGG
Hurtingcross_asset_lag1
17% link
30D
Cuts against it
Weak
HMC → EMB
Hurtingcross_asset_lag1
17% link
30D
Cuts against it
Weak