US market narratives — theme tree, updated 6 Nov 2026

10 themes and 29 sub-narratives, each tied to sector or sub-sector ETFs with trend, flow and mismatch data, a lifecycle stage and a signal. Decision support only; nothing here is a trade.

Latest scan, 6 Nov 2026

Sub-narrative	Stage	Signal	Reason and key readings
AI chips vs AI software	Rolling over	consider trimming	SMH 447.73 (-11.2%), -21.1% vs 50-day SMA, -14.1% vs 200-day. close below lower 18-day 2-SD Bollinger Band. X mood -0.7; mentions 44,543.
Hyperscalers and AI platform mega-caps	Rolling over	consider trimming	MAGS 66.85 (-4.9%), -5.8% vs 50-day SMA, +0.6% vs 200-day. close below lower 18-day 2-SD Bollinger Band. X mood -0.6; mentions 8,801.
Neocloud and AI optics	Rolling over	consider trimming	NCLD 12.26 (-12.4%), -41.2% vs 50-day SMA. close below lower 18-day 2-SD Bollinger Band. X mood -0.5; mentions 8,554.
Cybersecurity	Rolling over	consider trimming	CIBR 97.36, −4.1% vs 50-day SMA, below 18-day middle band.
Robotics and physical AI	Rolling over	consider trimming	BOTZ below both SMAs; %K crossed back over 20.
Quantum computing	Faded	watch	QTUM at lower 18-day 2-SD band (%B 0.09), below both SMAs.
AI power demand and data-center backlash	Push up	watch	XLU 43.3 (-0.7%); stochastic 14,3,5 embedded above 80 for 18 days. Texas gov-elect halt talk. X mood -0.6; mentions 1,859.
Nuclear and small modular reactors	Faded	watch	NLR at lower 18-day 2-SD band (%B 0.08), −29.2% vs 200-day SMA.
Power grid and bring your own power	Faded	watch	GRID 162.24 (−3.1%), below both SMAs.
Debasement trade: gold and silver	Rolling over	watch	GLD printed a FIRST close above its 18-day middle band (Epstein long-entry trigger). GLD 375.49 (+0.8%), -2.7% vs 50-day SMA. X mood +0.4; mentions 8,589.
Critical minerals	Rolling over	consider trimming	COPX 74.56 (+4.0%), −11.5% vs 50-day SMA.
Rare earths	Faded	watch	REMX −37.7% vs 200-day SMA.
Copper and lithium	Faded	watch	COPX and LIT below both SMAs.
Bitcoin	Rolling over	consider trimming	IBIT 43.03 (-5.1%), -6.2% vs 50-day SMA; close at lower 18-day 2-SD band (%B 0.01). X mood -0.5; mentions 68,211.
Ethereum and altcoin outflows	Rolling over	consider trimming	ETHA 50.77 (-7.2%); first close below 18-day middle band (line in the sand lost). X mood -0.3; mentions 40,187.
Bitcoin miners	Faded	watch	WGMI −8.6%, stochastic embedded below 20 for 3 days.
Hawkish Fed hold, inflation and jobs report	Push up	watch	TLT %K dipped under 80 (day 1); embed holds only if it recovers next session. IEF embedded above 80 for 9 days.
Rate-cut rotation	Rolling over (was Start)	consider trimming (was watch)	Stage moved Start → Rolling over: IWM lost its 50-day and closed below the 18-day middle band as the post-midterm small-cap honeymoon ended on AI-regulation fears. IWM 270.98 (-4.6%), -4.1% vs 50-day SMA.
Big banks over regional banks	Rolling over (was Start)	consider trimming (was watch)	Stage moved Start → Rolling over: KBWB slipped back under its 18-day middle band with the broad tape. KBWB 88.03 (-3.5%), -2.7% vs 50-day SMA. X mood -0.2; mentions 1,357.
Oil and the Iran war / Hormuz	Rolling over	consider trimming	USO 148.21 (+1.9%), -2.4% vs 50-day SMA; close at lower 18-day 2-SD band (%B 0.06). War-risk headlines back. X mood +0.1; mentions 25,926.
US midterms: policy, defense, data-center rules	Rolling over	consider trimming	ITA 68.11 (-4.0% post 3:1 split adjust), -4.0% vs 50-day SMA; first close below 18-day middle. X mood -0.5; mentions 77,052.
Defense primes	Rolling over	consider trimming	ITA/PPA both lost the 18-day middle band; PPA at lower 18-day 2-SD band (%B 0.02). X mood -0.3; mentions 1,668.
Defensive healthcare rotation	Push up	consider buying	XLV still above 18-day middle; stochastic 14,3,5 dipped under 80 for 1 day (embed holds if it recovers tomorrow). XLV 184.91 (-2.5%), +6.8% vs 50-day SMA. X mood +0.2; mentions 1,224.
GLP-1 obesity drugs	Push up	consider buying	PPH 119.03 (-2.5%), still above 18-day middle; stochastic dipped under 80 day 1. X mood +0.2; mentions 2,976.
Quality dividend and value	Push up	consider buying	SCHD 35.42 (-2.2%), still above 18-day middle; stochastic dipped under 80 day 1 (embed holds if recovers). X mood +0.1; mentions 649.
Staples, telecom and real estate outflows	Push up	watch	IYK at upper band (%B 1.0), IYR above upper 18-day 2-SD band.
Reshoring and automation	Faded	watch	ARKQ at lower 18-day 2-SD band (%B 0.03).
China tech de-risking	Faded	watch	CQQQ +6.8%; KWEB first close above 18-day middle band.
Emerging markets excluding China, and Brazil	Faded	watch	EWZ stochastic embedded below 20 for 3 days; EMXC below 50-day SMA.

The theme tree and detail sections below still show earlier Nov data. Full 6 Nov rows are in Esther's history sheet and dashboard_2026-11-06.md.

Theme tree

All (29) · Consider buying (3) · Consider trimming (9) · Watch (17)

Sub-narrative	Theme	Stage	Signal	ETFs	Lead ETF 1m / RS vs SPY	Mismatch	Added from
AI chips vs AI software	AI build-out	Rolling over	consider trimming	SMH, SOXX, IGV, DRAM, PSI, XSD	SMH -18.2% / RS -15.6 pts	0.19	existing
Hyperscalers and AI platform mega-caps	AI build-out	Rolling over (price-only)	consider trimming	MAGS, XLC, XLK, SKYY	MAGS -6.5% / RS -3.8 pts	not collected yet	flow scan
Neocloud and AI optics	AI build-out	Rolling over (price-only)	consider trimming	NCLD, LYTE	NCLD -34.2% / RS -31.6 pts	not collected yet	flow scan
Cybersecurity	AI build-out	Rolling over	consider trimming	CIBR, BUG, HACK	CIBR -8.3% / RS -5.6 pts	-0.41	Grok
Robotics and physical AI	AI build-out	Rolling over	consider trimming	BOTZ, ROBO	BOTZ -10.7% / RS -8.1 pts	0.75 story without flows	Grok
Quantum computing	AI build-out	Faded (price-only)	watch	QTUM	QTUM -15.5% / RS -12.8 pts	not collected yet	Google AI
AI power demand and data-center backlash	Power and nuclear	Push up	watch	XLU, URA, NLR, URNM, GRID, SRVR, DTCR	XLU +8.6% / RS +11.3 pts	0.19	existing
Nuclear and small modular reactors	Power and nuclear	Faded (price-only)	watch	NLR, URA	NLR -13.2% / RS -10.6 pts	not collected yet	Google AI
Power grid and "bring your own power"	Power and nuclear	Faded (price-only)	watch	GRID	GRID -8.1% / RS -5.4 pts	not collected yet	Google AI
Debasement trade: gold and silver	Hard assets and materials	Rolling over	watch	GLD, SLV, GDX, GDXJ, SIL, SILJ	GLD -5.3% / RS -2.7 pts	-0.02	existing
Critical minerals	Hard assets and materials	Rolling over	consider trimming	COPX, REMX	COPX -16.9% / RS -14.3 pts	0.99 story without flows	Grok
Rare earths	Hard assets and materials	Faded (price-only)	watch	REMX	REMX -21.7% / RS -19.1 pts	not collected yet	Google AI
Copper and lithium	Hard assets and materials	Faded (price-only)	watch	COPX, LIT	COPX -16.9% / RS -14.3 pts	not collected yet	Google AI
Bitcoin	Crypto	Rolling over	consider trimming	IBIT	IBIT -9.3% / RS -6.6 pts	-0.28	Grok
Ethereum and altcoin outflows	Crypto	Rolling over (price-only)	consider trimming	ETHA, BLOK	ETHA -15.5% / RS -12.9 pts	not collected yet	flow scan
Bitcoin miners	Crypto	Faded (price-only)	watch	WGMI	WGMI -33.8% / RS -31.2 pts	not collected yet	flow scan
Hawkish Fed hold, inflation and jobs report	Rates, Fed and banks	Push up	watch	TLT, IEF, KRE	TLT +5.2% / RS +7.8 pts	-1.2 flows without story	existing
Rate-cut rotation	Rates, Fed and banks	Rolling over	watch	IWM, ITB, ARKK	IWM -1.3% / RS +1.4 pts	0.04	Grok
Big banks over regional banks	Rates, Fed and banks	Start (price-only)	watch	KBWB, KBE	KBWB +1.8% / RS +4.4 pts	not collected yet	flow scan
Oil and the Iran war / Hormuz	Energy, geopolitics and defense	Peak	consider trimming	USO, XLE, XOP, OIH	USO +9.8% / RS +12.5 pts	-0.04	existing
US midterms: policy, defense, data-center rules	Energy, geopolitics and defense	Start	watch	ITA, XAR, SHLD	ITA +4.4% / RS +7.1 pts	0.31	existing
Defense primes	Energy, geopolitics and defense	Push up (price-only)	watch	ITA, PPA	ITA +4.4% / RS +7.1 pts	not collected yet	Google AI
Defensive healthcare rotation	Healthcare	Push up (price-only)	consider buying	XLV, IYH, VHT	XLV +9.9% / RS +12.6 pts	not collected yet	flow scan
GLP-1 obesity drugs	Healthcare	Push up (price-only)	consider buying	PPH, IBB	PPH +10.2% / RS +12.9 pts	not collected yet	Google AI
Quality dividend and value	Defensives and value	Push up (price-only)	consider buying	SCHD	SCHD +8.6% / RS +11.3 pts	not collected yet	Google AI
Staples, telecom and real estate outflows	Defensives and value	Push up (price-only)	watch	IYK, IYZ, IYR	IYK +8.8% / RS +11.4 pts	not collected yet	flow scan
Reshoring and automation	Reshoring and industry	Faded (price-only)	watch	RSHO, ARKQ	ARKQ -11.8% / RS -9.2 pts	not collected yet	Google AI
China tech de-risking	International	Faded (price-only)	watch	CQQQ, KWEB	CQQQ -16.1% / RS -13.5 pts	not collected yet	flow scan
Emerging markets excluding China, and Brazil	International	Faded (price-only)	watch	EMXC, EWZ	EMXC -12.7% / RS -10.0 pts	not collected yet	flow scan

Prices are Yahoo Finance daily closes to Mon Nov 3 (US). Stages marked price-only use the ETF rules alone because mentions, mood and spread are not collected yet for that sub-narrative.

Sub-narrative detail

AI build-out (6)

AI chips vs AI software

Story and market scores

Mentions, 6 days: 175,415 X posts (change -2%)
Mood: Bearish (-0.5)
Spread: 4 of 4 source kinds
Story score: -0.27
Price score: -0.9
Flow score 1m: -0.02
Market score: -0.46
Mismatch: 0.19 (aligned)
Quality: forward-looking
Added from: existing

ETF closes vs SPY, 3 months (start = 100)

SPYSMHSOXXIGVDRAMPSIXSD

Chart data — source closes and indexed series
Point	Source label	SPY close	SMH close	SOXX close	IGV close	DRAM close	PSI close	XSD close	SPY (start = 100)	SMH (start = 100)	SOXX (start = 100)	IGV (start = 100)	DRAM (start = 100)	PSI (start = 100)	XSD (start = 100)
1	Aug 4	768.56	571.48	532.52	99.42	51.44	144.65	520.42	100.0	100.0	100.0	100.0	100.0	100.0	100.0
2		770.56	572.93	534.2	103.92	50.89	145.16	530.11	100.3	100.3	100.3	104.5	98.9	100.4	101.9
3		776.34	587.82	550.42	104.08	57.32	153.01	544.29	101.0	102.9	103.4	104.7	111.4	105.8	104.6
4		769.06	560.92	519.67	102.81	55.14	139.5	503.3	100.1	98.2	97.6	103.4	107.2	96.4	96.7
5		763.47	546.8	506.18	102.45	54.28	134.06	481.6	99.3	95.7	95.1	103.0	105.5	92.7	92.5
6		771.1	573.0	525.43	110.32	56.83	138.56	500.26	100.3	100.3	98.7	111.0	110.5	95.8	96.1
7		761.78	545.22	500.31	106.18	55.06	127.93	472.93	99.1	95.4	94.0	106.8	107.0	88.4	90.9
8	−2m	770.19	567.01	519.86	104.57	59.69	136.0	491.45	100.2	99.2	97.6	105.2	116.0	94.0	94.4
9		757.83	560.28	517.43	101.2	58.56	136.02	490.47	98.6	98.0	97.2	101.8	113.8	94.0	94.2
10		757.39	542.11	498.85	105.55	55.01	128.58	480.49	98.5	94.9	93.7	106.2	106.9	88.9	92.3
11		761.69	573.0	533.07	104.35	59.61	139.39	506.66	99.1	100.3	100.1	105.0	115.9	96.4	97.4
12		767.81	601.41	565.72	108.1	61.9	147.74	527.44	99.9	105.2	106.2	108.7	120.3	102.1	101.3
13		765.61	600.01	560.79	105.43	59.7	148.64	527.67	99.6	105.0	105.3	106.0	116.1	102.8	101.4
14		763.99	617.81	576.33	108.23	62.03	155.9	535.99	99.4	108.1	108.2	108.9	120.6	107.8	103.0
15	−1m	779.09	632.5	589.45	111.16	59.52	158.87	558.42	101.4	110.7	110.7	111.8	115.7	109.8	107.3
16		778.57	603.33	559.4	112.67	57.19	149.32	527.93	101.3	105.6	105.0	113.3	111.2	103.2	101.4
17		769.6	564.74	519.42	107.65	50.14	134.61	482.7	100.1	98.8	97.5	108.3	97.5	93.1	92.8
18		766.48	548.46	501.93	105.99	48.33	127.82	470.25	99.7	96.0	94.3	106.6	94.0	88.4	90.4
19		763.96	523.35	475.69	108.72	45.68	117.28	452.12	99.4	91.6	89.3	109.4	88.8	81.1	86.9
20		769.66	557.98	511.06	111.78	50.52	127.95	484.86	100.1	97.6	96.0	112.4	98.2	88.5	93.2
21		755.72	522.49	471.51	104.29	48.01	118.63	452.1	98.3	91.4	88.5	104.9	93.3	82.0	86.9
22	Nov 3	754.35	518.52	465.0	102.66	47.64	117.88	455.24	98.2	90.7	87.3	103.3	92.6	81.5	87.5

Mentions, 6 days
Day	X posts
Oct 28	29,435
Oct 29	29,186
Oct 30	30,017
Oct 31	25,596
Nov 1	31,014
Nov 2	30,167

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
SMH	-18.2%	-9.0%	-9.2%	-0.4%	-15.6 pts	-22.5%
SOXX	-21.1%	-12.4%	-11.8%	-2.6%	-18.5 pts	-29.0%
IGV	-6.4%	+1.3%	-4.0%	+9.2%	-3.8 pts	-12.8%
DRAM	-22.8%	-11.4%	-14.3%	n/a (under 200 sessions)	-20.1 pts	-41.0%
PSI	-26.4%	-17.5%	-14.0%	-9.9%	-23.7 pts	-37.2%
XSD	-17.6%	-10.6%	-8.5%	-3.6%	-14.9 pts	-29.9%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
SMH	+$1,080M	+$2,330M	+$156.8M	+3.5%
SOXX	+$158.1M	+$4,820M	+$2,420M	+10.8%
IGV	−$325.2M	−$689.5M	−$1,540M	-5.3%
DRAM	−$17.4M	−$2,170M	−$4,300M	-11.4%
PSI	−$34.6M	+$39.5M	+$315.6M	+1.7%
XSD	+$46.8M	−$255M	−$94.9M	-10.4%

Year	Google AI's view (unverified)
2024	Start Jan 2024, peak Jun 2024, fade Jul–Aug 2024 (SMH, SOXX)
2025	Start Jan 2025, peak Jul 2025, fade late Q3/Q4 2025 (SMH, SOXX)
2026	Start early Q1, peak Jul/Aug 2026 (SMH 52-week high $671.83), faded into October correction (SMH)

Price check: SMH 2026 closing high was Jun 22 ($668.91), about a month before Google AI's Jul/Aug peak; now 22.5% below it, consistent with the October fade. Its 2025 high came Dec 10, not Jul 2025.

Hyperscalers and AI platform mega-caps

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -0.63
Flow score 1m: 0.43
Market score: -0.1
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYMAGSXLCXLKSKYY

Chart data — source closes and indexed series
Point	Source label	SPY close	MAGS close	XLC close	XLK close	SKYY close	SPY (start = 100)	MAGS (start = 100)	XLC (start = 100)	XLK (start = 100)	SKYY (start = 100)
1	Aug 4	768.56	68.58	111.18	185.33	150.59	100.0	100.0	100.0	100.0	100.0
2		770.56	68.44	111.27	186.09	161.09	100.3	99.8	100.1	100.4	107.0
3		776.34	68.26	112.95	190.01	165.34	101.0	99.5	101.6	102.5	109.8
4		769.06	67.66	111.32	183.64	161.17	100.1	98.7	100.1	99.1	107.0
5		763.47	67.2	112.32	180.05	158.97	99.3	98.0	101.0	97.2	105.6
6		771.1	68.6	111.41	188.61	166.6	100.3	100.0	100.2	101.8	110.6
7		761.78	68.23	110.88	183.64	160.72	99.1	99.5	99.7	99.1	106.7
8	−2m	770.19	69.44	112.03	187.28	161.56	100.2	101.3	100.8	101.1	107.3
9		757.83	69.18	111.5	185.22	156.61	98.6	100.9	100.3	99.9	104.0
10		757.39	69.6	114.03	183.74	162.37	98.5	101.5	102.6	99.1	107.8
11		761.69	70.46	110.81	189.6	162.02	99.1	102.7	99.7	102.3	107.6
12		767.81	72.08	112.56	195.34	167.54	99.9	105.1	101.2	105.4	111.3
13		765.61	71.52	111.18	194.53	162.46	99.6	104.3	100.0	105.0	107.9
14		763.99	71.44	109.94	197.81	166.96	99.4	104.2	98.9	106.7	110.9
15	−1m	779.09	73.9	111.65	202.0	171.01	101.4	107.8	100.4	109.0	113.6
16		778.57	73.77	110.38	198.78	174.89	101.3	107.6	99.3	107.3	116.1
17		769.6	72.87	110.82	190.43	164.02	100.1	106.3	99.7	102.8	108.9
18		766.48	72.47	110.09	185.96	161.08	99.7	105.7	99.0	100.3	107.0
19		763.96	70.45	107.42	182.34	164.32	99.4	102.7	96.6	98.4	109.1
20		769.66	71.46	103.58	189.49	171.46	100.1	104.2	93.2	102.2	113.9
21		755.72	68.48	99.9	179.51	159.77	98.3	99.9	89.9	96.9	106.1
22	Nov 3	754.35	68.74	101.44	176.51	155.98	98.2	100.2	91.2	95.2	103.6

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
MAGS	-6.5%	+0.5%	-3.1%	+3.6%	-3.8 pts	-7.5%
XLC	-9.1%	-8.5%	-8.0%	-10.0%	-6.5 pts	-15.5%
XLK	-12.2%	-5.1%	-6.8%	+3.9%	-9.5 pts	-12.6%
SKYY	-8.2%	+1.6%	-5.2%	+14.0%	-5.5 pts	-10.8%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
MAGS	−$244.3M	−$253.9M	+$1,270M	-5.0%
XLC	+$93.3M	+$759.6M	+$1,580M	+3.5%
XLK	+$169.1M	+$1,660M	+$494.9M	+1.4%
SKYY	−$33.8M	+$69.1M	+$122.5M	+2.1%

Year	Google AI's view (unverified)
2026	Fading Nov 2026: "blind mega-cap AI optimism" after Alphabet/Amazon misses

Price check: MAGS hit its 2-year high on Oct 13, 2026 and is 7.5% below it.

Neocloud and AI optics

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: 0.0
Market score: -0.5
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYNCLDLYTE

Chart data — source closes and indexed series
Point	Source label	SPY close	NCLD close	LYTE close	SPY (start = 100)	NCLD (start = 100)	LYTE (start = 100)
1	Aug 4	768.56	22.38	25.34	100.0	100.0	100.0
2		770.56	22.74	24.68	100.3	101.6	97.4
3		776.34	27.0	26.91	101.0	120.6	106.2
4		769.06	23.62	24.8	100.1	105.5	97.9
5		763.47	22.58	23.88	99.3	100.9	94.2
6		771.1	23.43	25.49	100.3	104.7	100.6
7		761.78	21.32	23.76	99.1	95.3	93.8
8	−2m	770.19	24.23	23.67	100.2	108.3	93.4
9		757.83	23.84	24.55	98.6	106.5	96.9
10		757.39	21.91	23.58	98.5	97.9	93.1
11		761.69	23.96	26.25	99.1	107.1	103.6
12		767.81	24.52	25.68	99.9	109.6	101.3
13		765.61	23.56	23.82	99.6	105.3	94.0
14		763.99	23.46	25.25	99.4	104.8	99.6
15	−1m	779.09	24.36	26.87	101.4	108.8	106.0
16		778.57	21.71	24.92	101.3	97.0	98.3
17		769.6	18.16	21.38	100.1	81.1	84.4
18		766.48	16.8	19.99	99.7	75.1	78.9
19		763.96	15.68	17.96	99.4	70.1	70.9
20		769.66	16.74	19.46	100.1	74.8	76.8
21		755.72	15.23	17.48	98.3	68.1	69.0
22	Nov 3	754.35	15.39	15.85	98.2	68.8	62.5

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
NCLD	-34.2%	n/a	-27.6%	n/a (under 200 sessions)	-31.6 pts	-43.0%
LYTE	-39.0%	n/a	-31.5%	n/a (under 200 sessions)	-36.3 pts	-44.4%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
NCLD	−$6M	+$31.8M	+$134.8M	+34.6%
LYTE	−$12.8M	−$36.5M	+$219.5M	-26.8%

Cybersecurity

Story and market scores

Mentions, 6 days: 6,681 X posts (change -24%)
Mood: Bullish (0.4)
Spread: 4 of 4 source kinds
Story score: -0.04
Price score: -0.21
Flow score 1m: 0.95
Market score: 0.37
Mismatch: -0.41 (aligned)
Quality: forward-looking
Added from: Grok

ETF closes vs SPY, 3 months (start = 100)

SPYCIBRBUGHACK

Chart data — source closes and indexed series
Point	Source label	SPY close	CIBR close	BUG close	HACK close	SPY (start = 100)	CIBR (start = 100)	BUG (start = 100)	HACK (start = 100)
1	Aug 4	768.56	96.39	40.72	113.19	100.0	100.0	100.0	100.0
2		770.56	99.92	42.92	118.8	100.3	103.7	105.4	105.0
3		776.34	99.6	43.09	118.18	101.0	103.3	105.8	104.4
4		769.06	95.54	41.11	112.29	100.1	99.1	101.0	99.2
5		763.47	93.23	39.98	109.57	99.3	96.7	98.2	96.8
6		771.1	100.79	44.14	118.58	100.3	104.6	108.4	104.8
7		761.78	96.2	41.54	111.85	99.1	99.8	102.0	98.8
8	−2m	770.19	94.59	41.37	110.75	100.2	98.1	101.6	97.8
9		757.83	94.16	40.65	110.5	98.6	97.7	99.8	97.6
10		757.39	101.0	45.3	120.59	98.5	104.8	111.2	106.5
11		761.69	99.87	44.34	118.67	99.1	103.6	108.9	104.8
12		767.81	104.01	47.12	124.07	99.9	107.9	115.7	109.6
13		765.61	101.67	45.4	119.46	99.6	105.5	111.5	105.5
14		763.99	103.78	46.48	121.77	99.4	107.7	114.1	107.6
15	−1m	779.09	108.13	48.73	127.66	101.4	112.2	119.7	112.8
16		778.57	110.0	50.08	130.76	101.3	114.1	123.0	115.5
17		769.6	103.74	46.56	122.37	100.1	107.6	114.3	108.1
18		766.48	99.92	44.87	118.02	99.7	103.7	110.2	104.3
19		763.96	102.81	47.56	122.72	99.4	106.7	116.8	108.4
20		769.66	109.65	52.35	133.52	100.1	113.8	128.6	118.0
21		755.72	101.03	49.37	124.47	98.3	104.8	121.2	110.0
22	Nov 3	754.35	97.22	46.83	119.83	98.2	100.9	115.0	105.9

Mentions, 6 days
Day	X posts
Oct 29	708
Oct 30	2,123
Oct 31	960
Nov 1	685
Nov 2	1,113
Nov 3	1,092

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
CIBR	-8.3%	-0.4%	-4.1%	+16.5%	-5.6 pts	-11.6%
BUG	-1.9%	+13.6%	+2.5%	+32.5%	+0.8 pts	-10.5%
HACK	-4.1%	+4.5%	-0.4%	+22.8%	-1.5 pts	-10.3%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
CIBR	+$49M	+$428.9M	+$1,780M	+2.4%
BUG	+$70.7M	+$38.2M	+$481.6M	+1.7%
HACK	+$19.7M	+$125.8M	+$411.1M	+3.5%

Robotics and physical AI

Story and market scores

Mentions, 6 days: 1,577 X posts (change -5%)
Mood: Bullish (0.5)
Spread: 3 of 4 source kinds
Story score: 0.2
Price score: -0.8
Flow score 1m: -0.29
Market score: -0.55
Mismatch: 0.75 (story without flows)
Quality: forward-looking
Added from: Grok

ETF closes vs SPY, 3 months (start = 100)

SPYBOTZROBO

Chart data — source closes and indexed series
Point	Source label	SPY close	BOTZ close	ROBO close	SPY (start = 100)	BOTZ (start = 100)	ROBO (start = 100)
1	Aug 4	768.56	36.94	83.07	100.0	100.0	100.0
2		770.56	37.48	84.0	100.3	101.5	101.1
3		776.34	37.74	84.83	101.0	102.2	102.1
4		769.06	36.38	81.72	100.1	98.5	98.4
5		763.47	35.25	79.97	99.3	95.4	96.3
6		771.1	36.14	82.19	100.3	97.8	98.9
7		761.78	35.15	78.87	99.1	95.2	94.9
8	−2m	770.19	35.95	80.57	100.2	97.3	97.0
9		757.83	34.76	77.82	98.6	94.1	93.7
10		757.39	34.63	77.25	98.5	93.7	93.0
11		761.69	35.11	78.5	99.1	95.0	94.5
12		767.81	35.29	80.21	99.9	95.5	96.6
13		765.61	35.13	80.38	99.6	95.1	96.8
14		763.99	35.43	81.01	99.4	95.9	97.5
15	−1m	779.09	36.17	83.4	101.4	97.9	100.4
16		778.57	35.48	81.26	101.3	96.0	97.8
17		769.6	34.11	77.99	100.1	92.3	93.9
18		766.48	33.35	75.92	99.7	90.3	91.4
19		763.96	32.68	74.84	99.4	88.5	90.1
20		769.66	33.48	77.18	100.1	90.6	92.9
21		755.72	32.22	74.62	98.3	87.2	89.8
22	Nov 3	754.35	32.32	74.47	98.2	87.5	89.6

Mentions, 6 days
Day	X posts
Oct 29	342
Oct 30	282
Oct 31	185
Nov 1	187
Nov 2	320
Nov 3	261

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
BOTZ	-10.7%	-13.4%	-7.0%	-11.5%	-8.1 pts	-22.4%
ROBO	-10.6%	-11.7%	-5.7%	-5.8%	-8.0 pts	-17.6%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
BOTZ	−$14.2M	−$35.2M	+$18M	-1.2%
ROBO	$0M	$0M	+$22.6M	0.0%

Quantum computing

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: 0.31
Market score: -0.34
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYQTUM

Chart data — source closes and indexed series
Point	Source label	SPY close	QTUM close	SPY (start = 100)	QTUM (start = 100)
1	Aug 4	768.56	149.24	100.0	100.0
2		770.56	153.0	100.3	102.5
3		776.34	158.68	101.0	106.3
4		769.06	150.2	100.1	100.6
5		763.47	146.94	99.3	98.5
6		771.1	150.96	100.3	101.2
7		761.78	144.56	99.1	96.9
8	−2m	770.19	147.89	100.2	99.1
9		757.83	145.61	98.6	97.6
10		757.39	142.74	98.5	95.6
11		761.69	147.79	99.1	99.0
12		767.81	152.45	99.9	102.2
13		765.61	151.36	99.6	101.4
14		763.99	153.25	99.4	102.7
15	−1m	779.09	157.39	101.4	105.5
16		778.57	152.06	101.3	101.9
17		769.6	141.83	100.1	95.0
18		766.48	138.23	99.7	92.6
19		763.96	135.54	99.4	90.8
20		769.66	142.07	100.1	95.2
21		755.72	133.83	98.3	89.7
22	Nov 3	754.35	132.18	98.2	88.6

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
QTUM	-15.5%	-11.9%	-9.6%	-4.2%	-12.8 pts	-21.7%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
QTUM	−$61.5M	+$31.1M	+$89.5M	+0.6%

Year	Google AI's view (unverified)
2024	Start Q2 2024, peak Oct 2024, fade Nov 2024 (QTUM)
2025	Inflected Sep 2025, peak Oct 2025, pullback late Q4 2025 (QTUM)
2026	Inflected Jun 2026 on Quantinuum IPO, peak mid-summer, 19% pullback by late Oct (QTUM)

Price check: QTUM 2026 high Jun 2 matches "mid-summer"; it is 21.7% below that, close to the 19% pullback cited. The 2025 high was Dec 10, later than the October peak claimed.

Power and nuclear (3)

AI power demand and data-center backlash

Story and market scores

Mentions, 6 days: 1,668 X posts (change -8%)
Mood: Mixed (0.0)
Spread: 2 of 4 source kinds
Story score: -0.08
Price score: -0.41
Flow score 1m: -0.13
Market score: -0.27
Mismatch: 0.19 (aligned)
Quality: forward-looking
Added from: existing

ETF closes vs SPY, 3 months (start = 100)

SPYXLUURANLRURNMGRIDSRVRDTCR

Chart data — source closes and indexed series
Point	Source label	SPY close	XLU close	URA close	NLR close	URNM close	GRID close	SRVR close	DTCR close	SPY (start = 100)	XLU (start = 100)	URA (start = 100)	NLR (start = 100)	URNM (start = 100)	GRID (start = 100)	SRVR (start = 100)	DTCR (start = 100)
1	Aug 4	768.56	43.38	43.2	113.87	53.06	185.59	31.49	27.98	100.0	100.0	100.0	100.0	100.0	100.0	100.0	100.0
2		770.56	43.63	45.17	119.18	55.37	187.42	31.69	28.01	100.3	100.6	104.6	104.7	104.4	101.0	100.6	100.1
3		776.34	44.31	44.93	118.1	54.56	187.87	32.57	29.33	101.0	102.1	104.0	103.7	102.8	101.2	103.4	104.8
4		769.06	44.02	45.01	117.72	55.55	182.78	31.72	28.34	100.1	101.5	104.2	103.4	104.7	98.5	100.7	101.3
5		763.47	43.22	45.69	118.73	58.72	178.2	31.45	28.01	99.3	99.6	105.8	104.3	110.7	96.0	99.9	100.1
6		771.1	43.18	48.37	125.02	61.05	181.71	31.91	28.5	100.3	99.5	112.0	109.8	115.1	97.9	101.3	101.9
7		761.78	42.56	43.94	115.76	54.67	175.47	30.63	27.49	99.1	98.1	101.7	101.7	103.0	94.5	97.3	98.2
8	−2m	770.19	43.08	46.06	119.95	57.07	178.99	30.58	28.18	100.2	99.3	106.6	105.3	107.6	96.4	97.1	100.7
9		757.83	42.52	45.0	117.83	54.63	177.24	30.03	27.71	98.6	98.0	104.2	103.5	103.0	95.5	95.4	99.0
10		757.39	41.32	41.77	108.32	50.4	172.77	29.42	27.14	98.5	95.3	96.7	95.1	95.0	93.1	93.4	97.0
11		761.69	41.1	41.65	107.69	50.32	178.25	29.56	28.04	99.1	94.7	96.4	94.6	94.8	96.0	93.9	100.2
12		767.81	39.75	41.99	108.33	50.62	179.59	29.52	28.16	99.9	91.6	97.2	95.1	95.4	96.8	93.7	100.6
13		765.61	39.25	40.13	103.97	47.92	177.53	28.65	27.34	99.6	90.5	92.9	91.3	90.3	95.7	91.0	97.7
14		763.99	39.68	39.59	102.75	47.24	178.8	28.17	27.07	99.4	91.5	91.6	90.2	89.0	96.3	89.5	96.7
15	−1m	779.09	41.16	41.8	109.43	50.3	184.31	29.02	27.78	101.4	94.9	96.8	96.1	94.8	99.3	92.2	99.3
16		778.57	41.41	38.9	103.35	46.5	180.89	29.18	27.97	101.3	95.5	90.0	90.8	87.6	97.5	92.7	100.0
17		769.6	41.72	35.54	94.52	42.42	174.48	27.94	26.29	100.1	96.2	82.3	83.0	79.9	94.0	88.7	94.0
18		766.48	41.36	35.27	93.29	43.05	168.8	27.8	25.7	99.7	95.3	81.6	81.9	81.1	91.0	88.3	91.9
19		763.96	42.87	34.09	90.84	41.54	163.19	27.2	24.95	99.4	98.8	78.9	79.8	78.3	87.9	86.4	89.2
20		769.66	42.85	35.86	94.92	44.75	167.05	28.01	26.13	100.1	98.8	83.0	83.4	84.3	90.0	88.9	93.4
21		755.72	43.43	33.73	91.75	42.36	164.51	28.11	25.57	98.3	100.1	78.1	80.6	79.8	88.6	89.3	91.4
22	Nov 3	754.35	43.42	33.05	90.04	41.32	167.4	28.04	25.33	98.2	100.1	76.5	79.1	77.9	90.2	89.0	90.5

Mentions, 6 days
Day	X posts
Oct 28	317
Oct 29	297
Oct 30	253
Oct 31	265
Nov 1	214
Nov 2	322

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
XLU	+8.6%	-0.5%	+3.9%	-2.0%	+11.3 pts	-9.0%
URA	-17.8%	-22.9%	-18.0%	-29.5%	-15.1 pts	-46.5%
NLR	-13.2%	-20.9%	-14.8%	-28.0%	-10.6 pts	-45.2%
URNM	-13.8%	-21.3%	-16.0%	-29.6%	-11.1 pts	-50.8%
GRID	-8.1%	-10.3%	-4.6%	-6.4%	-5.4 pts	-16.2%
SRVR	-1.3%	-11.1%	-4.0%	-11.7%	+1.3 pts	-21.5%
DTCR	-7.6%	-10.2%	-6.9%	-8.0%	-4.9 pts	-22.0%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
XLU	−$44.2M	−$49.8M	+$1,400M	-0.2%
URA	−$38.8M	−$32.2M	+$21.5M	-0.7%
NLR	−$14M	−$81.7M	−$216.5M	-2.6%
URNM	+$73.1M	+$111.2M	+$239.5M	+6.3%
GRID	−$75M	+$181.9M	+$478.1M	+1.6%
SRVR	−$4.2M	−$8.4M	−$53.2M	-2.9%
DTCR	+$0.4M	−$9.9M	−$248.5M	-0.5%

Year	Google AI's view (unverified)
2024	Start Mar 2024, double top May/Oct 2024, fade Nov 2024 (NLR, URA, XLU)
2024	Data-center hardware: start Feb, peak May, fade Aug 2024 (SRVR)

Price check: NLR and URA 2025 highs were Oct 15, 2025; their 2026 highs came Jan 28. 2024 dates fall outside the 2-year price window.

Nuclear and small modular reactors

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: -0.67
Market score: -0.83
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYNLRURA

Chart data — source closes and indexed series
Point	Source label	SPY close	NLR close	URA close	SPY (start = 100)	NLR (start = 100)	URA (start = 100)
1	Aug 4	768.56	113.87	43.2	100.0	100.0	100.0
2		770.56	119.18	45.17	100.3	104.7	104.6
3		776.34	118.1	44.93	101.0	103.7	104.0
4		769.06	117.72	45.01	100.1	103.4	104.2
5		763.47	118.73	45.69	99.3	104.3	105.8
6		771.1	125.02	48.37	100.3	109.8	112.0
7		761.78	115.76	43.94	99.1	101.7	101.7
8	−2m	770.19	119.95	46.06	100.2	105.3	106.6
9		757.83	117.83	45.0	98.6	103.5	104.2
10		757.39	108.32	41.77	98.5	95.1	96.7
11		761.69	107.69	41.65	99.1	94.6	96.4
12		767.81	108.33	41.99	99.9	95.1	97.2
13		765.61	103.97	40.13	99.6	91.3	92.9
14		763.99	102.75	39.59	99.4	90.2	91.6
15	−1m	779.09	109.43	41.8	101.4	96.1	96.8
16		778.57	103.35	38.9	101.3	90.8	90.0
17		769.6	94.52	35.54	100.1	83.0	82.3
18		766.48	93.29	35.27	99.7	81.9	81.6
19		763.96	90.84	34.09	99.4	79.8	78.9
20		769.66	94.92	35.86	100.1	83.4	83.0
21		755.72	91.75	33.73	98.3	80.6	78.1
22	Nov 3	754.35	90.04	33.05	98.2	79.1	76.5

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
NLR	-13.2%	-20.9%	-14.8%	-28.0%	-10.6 pts	-45.2%
URA	-17.8%	-22.9%	-18.0%	-29.5%	-15.1 pts	-46.5%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
NLR	−$14M	−$81.7M	−$216.5M	-2.6%
URA	−$38.8M	−$32.2M	+$21.5M	-0.7%

Year	Google AI's view (unverified)
2024	Start Mar 2024, double top May/Oct 2024, fade Nov 2024 (NLR, URA)
2025	Start Mar/Apr 2025, peak Oct 2025, consolidated Dec 2025 (XLU, URA)
2026	Accelerated Q2/Q3, peak Sep 2026, flattened into Q4 (NLR)

Price check: NLR peaked Oct 15, 2025 (matches Google AI's 2025 view) but its 2026 high was Jan 28, not September; it is 45% below that high.

Power grid and "bring your own power"

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -0.54
Flow score 1m: 0.82
Market score: 0.14
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYGRID

Chart data — source closes and indexed series
Point	Source label	SPY close	GRID close	SPY (start = 100)	GRID (start = 100)
1	Aug 4	768.56	185.59	100.0	100.0
2		770.56	187.42	100.3	101.0
3		776.34	187.87	101.0	101.2
4		769.06	182.78	100.1	98.5
5		763.47	178.2	99.3	96.0
6		771.1	181.71	100.3	97.9
7		761.78	175.47	99.1	94.5
8	−2m	770.19	178.99	100.2	96.4
9		757.83	177.24	98.6	95.5
10		757.39	172.77	98.5	93.1
11		761.69	178.25	99.1	96.0
12		767.81	179.59	99.9	96.8
13		765.61	177.53	99.6	95.7
14		763.99	178.8	99.4	96.3
15	−1m	779.09	184.31	101.4	99.3
16		778.57	180.89	101.3	97.5
17		769.6	174.48	100.1	94.0
18		766.48	168.8	99.7	91.0
19		763.96	163.19	99.4	87.9
20		769.66	167.05	100.1	90.0
21		755.72	164.51	98.3	88.6
22	Nov 3	754.35	167.4	98.2	90.2

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
GRID	-8.1%	-10.3%	-4.6%	-6.4%	-5.4 pts	-16.2%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
GRID	−$75M	+$181.9M	+$478.1M	+1.6%

Year	Google AI's view (unverified)
2025	Start May 2025, peak Sep/Oct 2025, resilient hold into Dec 2025 (GRID, XLI)
2026	Emerging Nov 2026: "Bring Your Own Power" developers funding their own power

Price check: GRID 2025 high Oct 29, 2025 matches Google AI's Sep/Oct peak; the 2026 high was May 11 and it is 16% below it.

Hard assets and materials (4)

Debasement trade: gold and silver

Story and market scores

Mentions, 6 days: 7,061 X posts (change -17%)
Mood: Bearish (-0.6)
Spread: 3 of 4 source kinds
Story score: -0.47
Price score: -0.85
Flow score 1m: -0.05
Market score: -0.45
Mismatch: -0.02 (aligned)
Quality: post-hoc, capped below Push up
Added from: existing

ETF closes vs SPY, 3 months (start = 100)

SPYGLDSLVGDXGDXJSILSILJ

Chart data — source closes and indexed series
Point	Source label	SPY close	GLD close	SLV close	GDX close	GDXJ close	SIL close	SILJ close	SPY (start = 100)	GLD (start = 100)	SLV (start = 100)	GDX (start = 100)	GDXJ (start = 100)	SIL (start = 100)	SILJ (start = 100)
1	Aug 4	768.56	389.67	55.85	83.92	109.4	83.26	27.48	100.0	100.0	100.0	100.0	100.0	100.0	100.0
2		770.56	400.96	58.55	90.12	118.6	90.8	30.06	100.3	102.9	104.8	107.4	108.4	109.1	109.4
3		776.34	401.48	58.48	89.97	118.09	89.55	29.86	101.0	103.0	104.7	107.2	107.9	107.6	108.7
4		769.06	413.84	60.01	97.33	126.55	95.87	31.42	100.1	106.2	107.4	116.0	115.7	115.1	114.3
5		763.47	426.69	62.2	103.54	133.58	100.37	32.01	99.3	109.5	111.4	123.4	122.1	120.6	116.5
6		771.1	422.6	62.77	103.69	134.79	103.14	33.16	100.3	108.5	112.4	123.6	123.2	123.9	120.7
7		761.78	396.75	57.92	94.67	122.28	94.29	30.03	99.1	101.8	103.7	112.8	111.8	113.2	109.3
8	−2m	770.19	406.77	59.82	99.26	129.03	99.29	31.68	100.2	104.4	107.1	118.3	117.9	119.3	115.3
9		757.83	396.36	57.5	96.03	124.1	96.2	30.65	98.6	101.7	103.0	114.4	113.4	115.5	111.5
10		757.39	394.15	57.53	94.13	120.31	92.71	29.18	98.5	101.1	103.0	112.2	110.0	111.3	106.2
11		761.69	401.17	59.93	95.48	124.44	95.2	30.19	99.1	103.0	107.3	113.8	113.7	114.3	109.9
12		767.81	392.88	58.16	93.56	121.28	92.22	29.4	99.9	100.8	104.1	111.5	110.9	110.8	107.0
13		765.61	377.91	54.95	87.89	114.1	86.99	27.6	99.6	97.0	98.4	104.7	104.3	104.5	100.4
14		763.99	382.76	55.02	86.74	112.46	85.63	27.11	99.4	98.2	98.5	103.4	102.8	102.8	98.7
15	−1m	779.09	382.27	55.45	88.22	113.55	86.63	27.34	101.4	98.1	99.3	105.1	103.8	104.0	99.5
16		778.57	384.58	54.78	89.28	114.43	86.85	27.4	101.3	98.7	98.1	106.4	104.6	104.3	99.7
17		769.6	375.99	50.22	83.4	104.75	79.53	24.74	100.1	96.5	89.9	99.4	95.7	95.5	90.0
18		766.48	379.69	51.54	86.47	108.36	81.88	25.44	99.7	97.4	92.3	103.0	99.0	98.3	92.6
19		763.96	369.0	49.34	81.69	101.2	75.99	23.65	99.4	94.7	88.3	97.3	92.5	91.3	86.1
20		769.66	372.28	49.16	83.19	103.43	76.99	24.3	100.1	95.5	88.0	99.1	94.5	92.5	88.4
21		755.72	355.78	44.6	77.09	94.97	71.25	22.49	98.3	91.3	79.9	91.9	86.8	85.6	81.8
22	Nov 3	754.35	359.26	44.84	77.6	95.09	71.27	22.4	98.2	92.2	80.3	92.5	86.9	85.6	81.5

Mentions, 6 days
Day	X posts
Oct 28	1,093
Oct 29	1,062
Oct 30	1,703
Oct 31	1,070
Nov 1	875
Nov 2	1,258

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
GLD	-5.3%	-7.8%	-7.4%	-12.9%	-2.7 pts	-27.6%
SLV	-18.7%	-20.0%	-18.7%	-29.8%	-16.0 pts	-57.5%
GDX	-11.2%	-7.3%	-14.4%	-14.2%	-8.6 pts	-33.0%
GDXJ	-15.7%	-13.1%	-18.0%	-19.5%	-13.1 pts	-39.1%
SIL	-17.3%	-14.9%	-19.2%	-21.1%	-14.6 pts	-39.6%
SILJ	-17.4%	-19.3%	-19.7%	-24.5%	-14.7 pts	-44.4%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
GLD	−$32.3M	−$2,040M	+$4,940M	-1.6%
SLV	+$97.3M	+$338.3M	+$1,070M	+1.3%
GDX	+$53.9M	+$779.2M	+$141.3M	+3.3%
GDXJ	−$44.5M	+$22.7M	+$238.3M	+0.3%
SIL	+$10.1M	−$90.5M	−$327.5M	-2.5%
SILJ	−$8.4M	−$19.9M	−$87.6M	-0.7%

Year	Google AI's view (unverified)
2025	Steady climb from Jan 2025, peak Nov 2025, held into year-end (GLD, GDX)

Price check: GLD kept rising past Nov 2025 to a Dec 26, 2025 high, then a Jan 29, 2026 record; now 27.6% below it.

Critical minerals

Story and market scores

Mentions, 6 days: 4,695 X posts (change +5%)
Mood: Mixed (0.2)
Spread: 3 of 4 source kinds
Story score: 0.15
Price score: -1.0
Flow score 1m: -0.68
Market score: -0.84
Mismatch: 0.99 (story without flows)
Quality: forward-looking
Added from: Grok

ETF closes vs SPY, 3 months (start = 100)

SPYCOPXREMX

Chart data — source closes and indexed series
Point	Source label	SPY close	COPX close	REMX close	SPY (start = 100)	COPX (start = 100)	REMX (start = 100)
1	Aug 4	768.56	86.09	73.42	100.0	100.0	100.0
2		770.56	88.59	76.72	100.3	102.9	104.5
3		776.34	85.7	78.55	101.0	99.5	107.0
4		769.06	88.28	75.99	100.1	102.5	103.5
5		763.47	94.53	79.75	99.3	109.8	108.6
6		771.1	96.45	79.25	100.3	112.0	107.9
7		761.78	89.24	76.19	99.1	103.7	103.8
8	−2m	770.19	90.66	75.66	100.2	105.3	103.1
9		757.83	88.61	72.42	98.6	102.9	98.6
10		757.39	84.59	68.3	98.5	98.3	93.0
11		761.69	87.28	69.06	99.1	101.4	94.1
12		767.81	87.03	68.76	99.9	101.1	93.7
13		765.61	85.26	64.47	99.6	99.0	87.8
14		763.99	83.4	62.95	99.4	96.9	85.7
15	−1m	779.09	86.28	63.79	101.4	100.2	86.9
16		778.57	85.75	60.97	101.3	99.6	83.0
17		769.6	80.82	55.78	100.1	93.9	76.0
18		766.48	79.69	53.36	99.7	92.6	72.7
19		763.96	73.13	51.6	99.4	84.9	70.3
20		769.66	76.68	54.2	100.1	89.1	73.8
21		755.72	71.96	49.99	98.3	83.6	68.1
22	Nov 3	754.35	71.71	49.73	98.2	83.3	67.7

Mentions, 6 days
Day	X posts
Oct 29	897
Oct 30	823
Oct 31	567
Nov 1	542
Nov 2	924
Nov 3	942

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
COPX	-16.9%	-17.3%	-15.3%	-14.0%	-14.3 pts	-25.7%
REMX	-21.7%	-31.4%	-22.7%	-40.2%	-19.1 pts	-54.6%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
COPX	−$130.4M	−$97.8M	−$767.2M	-1.6%
REMX	+$3.3M	−$16.1M	−$23.2M	-1.1%

Rare earths

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: -0.56
Market score: -0.78
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYREMX

Chart data — source closes and indexed series
Point	Source label	SPY close	REMX close	SPY (start = 100)	REMX (start = 100)
1	Aug 4	768.56	73.42	100.0	100.0
2		770.56	76.72	100.3	104.5
3		776.34	78.55	101.0	107.0
4		769.06	75.99	100.1	103.5
5		763.47	79.75	99.3	108.6
6		771.1	79.25	100.3	107.9
7		761.78	76.19	99.1	103.8
8	−2m	770.19	75.66	100.2	103.1
9		757.83	72.42	98.6	98.6
10		757.39	68.3	98.5	93.0
11		761.69	69.06	99.1	94.1
12		767.81	68.76	99.9	93.7
13		765.61	64.47	99.6	87.8
14		763.99	62.95	99.4	85.7
15	−1m	779.09	63.79	101.4	86.9
16		778.57	60.97	101.3	83.0
17		769.6	55.78	100.1	76.0
18		766.48	53.36	99.7	72.7
19		763.96	51.6	99.4	70.3
20		769.66	54.2	100.1	73.8
21		755.72	49.99	98.3	68.1
22	Nov 3	754.35	49.73	98.2	67.7

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
REMX	-21.7%	-31.4%	-22.7%	-40.2%	-19.1 pts	-54.6%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
REMX	+$3.3M	−$16.1M	−$23.2M	-1.1%

Year	Google AI's view (unverified)
2024	Start Apr 2024, peak May 2024, fade Q3 2024 (REMX)
2026	Catalyzed mid-2026, peak late Q3, drifting down into Nov (REMX)

Price check: REMX 2026 high was May 11, not late Q3; it is 54.6% below it, a much deeper drop than "drifting down".

Copper and lithium

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: -0.9
Market score: -0.95
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYCOPXLIT

Chart data — source closes and indexed series
Point	Source label	SPY close	COPX close	LIT close	SPY (start = 100)	COPX (start = 100)	LIT (start = 100)
1	Aug 4	768.56	86.09	72.41	100.0	100.0	100.0
2		770.56	88.59	74.11	100.3	102.9	102.3
3		776.34	85.7	75.23	101.0	99.5	103.9
4		769.06	88.28	74.57	100.1	102.5	103.0
5		763.47	94.53	77.03	99.3	109.8	106.4
6		771.1	96.45	77.13	100.3	112.0	106.5
7		761.78	89.24	74.71	99.1	103.7	103.2
8	−2m	770.19	90.66	74.18	100.2	105.3	102.4
9		757.83	88.61	71.81	98.6	102.9	99.2
10		757.39	84.59	70.02	98.5	98.3	96.7
11		761.69	87.28	70.5	99.1	101.4	97.4
12		767.81	87.03	69.58	99.9	101.1	96.1
13		765.61	85.26	68.28	99.6	99.0	94.3
14		763.99	83.4	68.22	99.4	96.9	94.2
15	−1m	779.09	86.28	71.07	101.4	100.2	98.1
16		778.57	85.75	69.73	101.3	99.6	96.3
17		769.6	80.82	66.38	100.1	93.9	91.7
18		766.48	79.69	64.61	99.7	92.6	89.2
19		763.96	73.13	60.68	99.4	84.9	83.8
20		769.66	76.68	62.63	100.1	89.1	86.5
21		755.72	71.96	59.81	98.3	83.6	82.6
22	Nov 3	754.35	71.71	60.1	98.2	83.3	83.0

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
COPX	-16.9%	-17.3%	-15.3%	-14.0%	-14.3 pts	-25.7%
LIT	-14.3%	-17.3%	-12.6%	-19.4%	-11.7 pts	-34.4%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
COPX	−$130.4M	−$97.8M	−$767.2M	-1.6%
LIT	−$58.2M	−$169.6M	−$221M	-15.6%

Year	Google AI's view (unverified)
2025	Start Feb 2025, peak Jun 2025, faded slightly into Q4 2025 (COPX)

Price check: COPX 2025 high was Dec 26, 2025, not Jun 2025; its 2026 high was Aug 27.

Crypto (3)

Bitcoin

Story and market scores

Mentions, 6 days: 34,841 X posts (change -14%)
Mood: Mixed (-0.2)
Spread: 4 of 4 source kinds
Story score: -0.24
Price score: -0.66
Flow score 1m: 0.75
Market score: 0.04
Mismatch: -0.28 (aligned)
Quality: forward-looking
Added from: Grok

ETF closes vs SPY, 3 months (start = 100)

SPYIBIT

Chart data — source closes and indexed series
Point	Source label	SPY close	IBIT close	SPY (start = 100)	IBIT (start = 100)
1	Aug 4	768.56	36.49	100.0	100.0
2		770.56	35.94	100.3	98.5
3		776.34	35.63	101.0	97.6
4		769.06	38.78	100.1	106.3
5		763.47	44.64	99.3	122.3
6		771.1	45.29	100.3	124.1
7		761.78	43.76	99.1	119.9
8	−2m	770.19	45.23	100.2	124.0
9		757.83	43.68	98.6	119.7
10		757.39	43.11	98.5	118.1
11		761.69	46.02	99.1	126.1
12		767.81	47.88	99.9	131.2
13		765.61	47.21	99.6	129.4
14		763.99	47.96	99.4	131.4
15	−1m	779.09	48.49	101.4	132.9
16		778.57	46.55	101.3	127.6
17		769.6	46.24	100.1	126.7
18		766.48	46.3	99.7	126.9
19		763.96	46.06	99.4	126.2
20		769.66	45.7	100.1	125.2
21		755.72	43.36	98.3	118.8
22	Nov 3	754.35	44.05	98.2	120.7

Mentions, 6 days
Day	X posts
Oct 29	6,969
Oct 30	6,703
Oct 31	5,011
Nov 1	4,300
Nov 2	5,958
Nov 3	5,900

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
IBIT	-9.3%	+19.9%	-4.0%	+6.5%	-6.6 pts	-38.2%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
IBIT	+$176.9M	+$931.8M	+$5,710M	+1.5%

Year	Google AI's view (unverified)
2024	"Trump trade" incl. crypto: start Jul 2024, peak Nov 2024, fade Dec 2024 (XLF, IBIT)

Price check: IBIT closed at a 2024 high on Dec 17, 2024, a month after the Nov peak claimed; its 2-year high was Oct 6, 2025.

Ethereum and altcoin outflows

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: -1.0
Market score: -1.0
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYETHABLOK

Chart data — source closes and indexed series
Point	Source label	SPY close	ETHA close	BLOK close	SPY (start = 100)	ETHA (start = 100)	BLOK (start = 100)
1	Aug 4	768.56	43.2	59.65	100.0	100.0	100.0
2		770.56	42.54	59.16	100.3	98.5	99.2
3		776.34	42.54	60.73	101.0	98.5	101.8
4		769.06	47.64	60.34	100.1	110.3	101.2
5		763.47	55.98	62.34	99.3	129.6	104.5
6		771.1	56.61	64.91	100.3	131.0	108.8
7		761.78	54.69	60.6	99.1	126.6	101.6
8	−2m	770.19	55.56	65.23	100.2	128.6	109.4
9		757.83	55.68	62.84	98.6	128.9	105.3
10		757.39	54.6	60.99	98.5	126.4	102.2
11		761.69	59.76	64.86	99.1	138.3	108.7
12		767.81	60.63	65.51	99.9	140.3	109.8
13		765.61	60.45	62.22	99.6	139.9	104.3
14		763.99	61.11	61.36	99.4	141.5	102.9
15	−1m	779.09	60.89	61.96	101.4	140.9	103.9
16		778.57	55.99	59.56	101.3	129.6	99.8
17		769.6	54.89	55.69	100.1	127.1	93.4
18		766.48	54.11	54.45	99.7	125.3	91.3
19		763.96	53.88	54.16	99.4	124.7	90.8
20		769.66	53.03	54.45	100.1	122.8	91.3
21		755.72	50.42	51.25	98.3	116.7	85.9
22	Nov 3	754.35	51.78	52.18	98.2	119.9	87.5

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
ETHA	-15.5%	+19.2%	-8.4%	+4.9%	-12.9 pts	-52.8%
BLOK	-15.8%	-13.7%	-13.3%	-12.3%	-13.2 pts	-29.6%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
ETHA	−$391.1M	−$8,020M	−$6,180M	-116.3%
BLOK	−$8M	−$61.3M	−$50.6M	-7.0%

Bitcoin miners

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: -1.0
Market score: -1.0
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYWGMI

Chart data — source closes and indexed series
Point	Source label	SPY close	WGMI close	SPY (start = 100)	WGMI (start = 100)
1	Aug 4	768.56	48.46	100.0	100.0
2		770.56	46.63	100.3	96.2
3		776.34	48.64	101.0	100.4
4		769.06	45.16	100.1	93.2
5		763.47	44.62	99.3	92.1
6		771.1	46.46	100.3	95.9
7		761.78	41.28	99.1	85.2
8	−2m	770.19	47.48	100.2	98.0
9		757.83	45.58	98.6	94.1
10		757.39	43.07	98.5	88.9
11		761.69	49.5	99.1	102.1
12		767.81	49.79	99.9	102.7
13		765.61	46.26	99.6	95.5
14		763.99	44.44	99.4	91.7
15	−1m	779.09	44.89	101.4	92.6
16		778.57	40.24	101.3	83.0
17		769.6	33.81	100.1	69.8
18		766.48	31.53	99.7	65.1
19		763.96	29.81	99.4	61.5
20		769.66	31.25	100.1	64.5
21		755.72	28.41	98.3	58.6
22	Nov 3	754.35	29.35	98.2	60.6

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
WGMI	-33.8%	-41.6%	-28.4%	-38.7%	-31.2 pts	-59.3%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
WGMI	−$29M	−$52M	−$10M	-41.1%

Rates, Fed and banks (3)

Hawkish Fed hold, inflation and jobs report

Story and market scores

Mentions, 6 days: 14,274 X posts (change -67%)
Mood: Bearish (-0.3)
Spread: 3 of 4 source kinds
Story score: -0.65
Price score: 0.64
Flow score 1m: 0.47
Market score: 0.55
Mismatch: -1.2 (flows without story)
Quality: forward-looking
Added from: existing

ETF closes vs SPY, 3 months (start = 100)

SPYTLTIEFKRE

Chart data — source closes and indexed series
Point	Source label	SPY close	TLT close	IEF close	KRE close	SPY (start = 100)	TLT (start = 100)	IEF (start = 100)	KRE (start = 100)
1	Aug 4	768.56	82.52	92.95	76.49	100.0	100.0	100.0	100.0
2		770.56	82.19	92.87	76.81	100.3	99.6	99.9	100.4
3		776.34	82.04	93.04	77.93	101.0	99.4	100.1	101.9
4		769.06	83.02	93.38	75.0	100.1	100.6	100.5	98.1
5		763.47	82.56	93.01	74.76	99.3	100.0	100.1	97.7
6		771.1	83.13	93.23	74.35	100.3	100.7	100.3	97.2
7		761.78	81.87	92.1	72.62	99.1	99.2	99.1	94.9
8	−2m	770.19	82.21	92.25	75.27	100.2	99.6	99.2	98.4
9		757.83	80.78	91.18	73.81	98.6	97.9	98.1	96.5
10		757.39	80.71	90.82	74.05	98.5	97.8	97.7	96.8
11		761.69	81.25	90.8	72.75	99.1	98.5	97.7	95.1
12		767.81	80.46	90.19	70.38	99.9	97.5	97.0	92.0
13		765.61	78.62	89.53	70.55	99.6	95.3	96.3	92.2
14		763.99	77.71	89.3	69.95	99.4	94.2	96.1	91.4
15	−1m	779.09	77.28	89.13	70.07	101.4	93.7	95.9	91.6
16		778.57	77.98	89.4	69.01	101.3	94.5	96.2	90.2
17		769.6	78.89	89.71	68.54	100.1	95.6	96.5	89.6
18		766.48	79.46	90.08	69.26	99.7	96.3	96.9	90.5
19		763.96	81.74	91.2	72.41	99.4	99.1	98.1	94.7
20		769.66	81.63	91.1	72.58	100.1	98.9	98.0	94.9
21		755.72	81.84	91.76	72.01	98.3	99.2	98.7	94.1
22	Nov 3	754.35	81.11	91.16	72.88	98.2	98.3	98.1	95.3

Mentions, 6 days
Day	X posts
Oct 28	5,551
Oct 29	3,330
Oct 30	1,816
Oct 31	954
Nov 1	1,027
Nov 2	1,596

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
TLT	+5.2%	-2.3%	+0.8%	-4.1%	+7.8 pts	-14.1%
IEF	+2.5%	-2.3%	+0.4%	-2.8%	+5.2 pts	-7.0%
KRE	+3.5%	-5.8%	+1.3%	+2.6%	+6.2 pts	-6.5%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
TLT	−$613.4M	−$567M	+$5,950M	-1.2%
IEF	+$1,620M	+$1,260M	−$3,180M	+2.9%
KRE	−$113.5M	+$90.1M	−$316.2M	+2.3%

Rate-cut rotation

Story and market scores

Mentions, 6 days: 2,013 X posts (change -43%)
Mood: Mixed (0.0)
Spread: 2 of 4 source kinds
Story score: -0.43
Price score: 0.05
Flow score 1m: -1.0
Market score: -0.47
Mismatch: 0.04 (aligned)
Quality: post-hoc, capped below Push up
Added from: Grok

ETF closes vs SPY, 3 months (start = 100)

SPYIWMITBARKK

Chart data — source closes and indexed series
Point	Source label	SPY close	IWM close	ITB close	ARKK close	SPY (start = 100)	IWM (start = 100)	ITB (start = 100)	ARKK (start = 100)
1	Aug 4	768.56	298.25	98.47	75.73	100.0	100.0	100.0	100.0
2		770.56	300.99	100.5	80.6	100.3	100.9	102.1	106.4
3		776.34	305.09	98.78	81.1	101.0	102.3	100.3	107.1
4		769.06	301.72	99.26	83.31	100.1	101.2	100.8	110.0
5		763.47	297.97	97.81	83.92	99.3	99.9	99.3	110.8
6		771.1	299.81	95.63	87.38	100.3	100.5	97.1	115.4
7		761.78	290.57	92.36	83.08	99.1	97.4	93.8	109.7
8	−2m	770.19	296.01	93.91	86.22	100.2	99.2	95.4	113.9
9		757.83	287.7	88.22	83.06	98.6	96.5	89.6	109.7
10		757.39	285.14	89.12	83.49	98.5	95.6	90.5	110.2
11		761.69	284.1	87.41	88.23	99.1	95.3	88.8	116.5
12		767.81	281.92	88.79	89.77	99.9	94.5	90.2	118.5
13		765.61	280.02	88.75	89.25	99.6	93.9	90.1	117.9
14		763.99	279.02	87.37	88.58	99.4	93.6	88.7	117.0
15	−1m	779.09	281.34	86.95	90.49	101.4	94.3	88.3	119.5
16		778.57	278.94	84.76	89.62	101.3	93.5	86.1	118.3
17		769.6	271.37	83.39	84.48	100.1	91.0	84.7	111.6
18		766.48	271.28	84.94	82.31	99.7	91.0	86.3	108.7
19		763.96	276.67	91.24	81.86	99.4	92.8	92.7	108.1
20		769.66	280.18	90.35	84.78	100.1	93.9	91.8	112.0
21		755.72	279.33	92.74	80.75	98.3	93.7	94.2	106.6
22	Nov 3	754.35	279.79	93.52	80.32	98.2	93.8	95.0	106.1

Mentions, 6 days
Day	X posts
Oct 29	627
Oct 30	443
Oct 31	209
Nov 1	162
Nov 2	281
Nov 3	291

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
IWM	-1.3%	-6.7%	-1.3%	+0.3%	+1.4 pts	-8.3%
ITB	+9.3%	-7.3%	+4.4%	-2.5%	+11.9 pts	-26.0%
ARKK	-13.4%	+5.4%	-6.7%	+2.6%	-10.8 pts	-13.4%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
IWM	+$206.7M	−$2,080M	−$1,300M	-2.8%
ITB	−$23.3M	−$141M	+$238.6M	-6.0%
ARKK	+$646.4M	−$1,280M	−$161.7M	-20.9%

Year	Google AI's view (unverified)
2024	Fed pivot trade: start May 2024, peak Jul/Sep 2024, fade Oct 2024 (IWM, KRE)

Price check: 2024 dates fall outside the 2-year price window. IWM made its 2-year high on Aug 14, 2026.

Big banks over regional banks

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: 0.54
Flow score 1m: 0.0
Market score: 0.27
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYKBWBKBE

Chart data — source closes and indexed series
Point	Source label	SPY close	KBWB close	KBE close	SPY (start = 100)	KBWB (start = 100)	KBE (start = 100)
1	Aug 4	768.56	97.47	70.15	100.0	100.0	100.0
2		770.56	98.26	70.51	100.3	100.8	100.5
3		776.34	99.69	71.67	101.0	102.3	102.2
4		769.06	96.51	69.12	100.1	99.0	98.5
5		763.47	96.15	68.79	99.3	98.6	98.1
6		771.1	95.98	68.42	100.3	98.5	97.5
7		761.78	94.67	66.95	99.1	97.1	95.4
8	−2m	770.19	97.65	69.34	100.2	100.2	98.8
9		757.83	96.28	67.96	98.6	98.8	96.9
10		757.39	94.7	67.95	98.5	97.2	96.9
11		761.69	92.09	66.62	99.1	94.5	95.0
12		767.81	89.11	64.51	99.9	91.4	92.0
13		765.61	88.66	64.5	99.6	91.0	91.9
14		763.99	87.05	63.64	99.4	89.3	90.7
15	−1m	779.09	87.61	63.91	101.4	89.9	91.1
16		778.57	87.6	63.13	101.3	89.9	90.0
17		769.6	85.49	62.5	100.1	87.7	89.1
18		766.48	85.85	63.12	99.7	88.1	90.0
19		763.96	88.22	65.83	99.4	90.5	93.8
20		769.66	88.6	66.06	100.1	90.9	94.2
21		755.72	88.42	65.7	98.3	90.7	93.7
22	Nov 3	754.35	89.11	66.59	98.2	91.4	94.9

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
KBWB	+1.8%	-9.7%	-1.8%	+0.2%	+4.4 pts	-10.6%
KBE	+3.8%	-6.2%	+1.2%	+2.3%	+6.4 pts	-7.1%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
KBWB	+$117.2M	+$365.7M	+$536.1M	+5.5%
KBE	−$13.2M	−$96.2M	−$102.6M	-6.7%

Year	Google AI's view (unverified)
2025	Recovery from Feb 2025, peak Aug/Sep 2025, minor fade late 2025 (XLF, KRE)

Price check: KRE 2025 high was Dec 18, not Aug/Sep, so there was no late-2025 fade in price; KBWB and KBE peaked Aug 14, 2026.

Energy, geopolitics and defense (3)

Oil and the Iran war / Hormuz

Story and market scores

Mentions, 6 days: 9,492 X posts (change +25%)
Mood: Bullish (0.4)
Spread: 4 of 4 source kinds
Story score: 0.45
Price score: 0.57
Flow score 1m: 0.42
Market score: 0.49
Mismatch: -0.04 (aligned)
Quality: forward-looking
Added from: existing

ETF closes vs SPY, 3 months (start = 100)

SPYUSOXLEXOPOIH

Chart data — source closes and indexed series
Point	Source label	SPY close	USO close	XLE close	XOP close	OIH close	SPY (start = 100)	USO (start = 100)	XLE (start = 100)	XOP (start = 100)	OIH (start = 100)
1	Aug 4	768.56	118.87	58.16	167.05	392.08	100.0	100.0	100.0	100.0	100.0
2		770.56	127.61	60.93	178.37	415.3	100.3	107.4	104.8	106.8	105.9
3		776.34	126.6	61.91	180.49	421.33	101.0	106.5	106.4	108.0	107.5
4		769.06	130.91	63.58	186.33	418.69	100.1	110.1	109.3	111.5	106.8
5		763.47	132.21	63.11	186.24	408.71	99.3	111.2	108.5	111.5	104.2
6		771.1	130.01	62.29	185.47	414.95	100.3	109.4	107.1	111.0	105.8
7		761.78	141.0	64.77	192.72	426.88	99.1	118.6	111.4	115.4	108.9
8	−2m	770.19	141.96	64.06	190.71	427.53	100.2	119.4	110.1	114.2	109.0
9		757.83	158.38	64.93	195.47	420.22	98.6	133.2	111.6	117.0	107.2
10		757.39	161.86	65.93	199.7	411.51	98.5	136.2	113.4	119.5	105.0
11		761.69	153.82	64.31	190.61	398.71	99.1	129.4	110.6	114.1	101.7
12		767.81	148.83	62.37	182.65	395.66	99.9	125.2	107.2	109.3	100.9
13		765.61	150.01	62.1	180.14	389.79	99.6	126.2	106.8	107.8	99.4
14		763.99	150.02	62.7	184.3	381.12	99.4	126.2	107.8	110.3	97.2
15	−1m	779.09	144.91	63.75	188.46	391.46	101.4	121.9	109.6	112.8	99.8
16		778.57	148.2	65.08	191.52	388.65	101.3	124.7	111.9	114.6	99.1
17		769.6	153.56	67.63	197.84	382.36	100.1	129.2	116.3	118.4	97.5
18		766.48	160.81	67.8	199.47	385.12	99.7	135.3	116.6	119.4	98.2
19		763.96	162.51	67.57	196.87	377.0	99.4	136.7	116.2	117.9	96.2
20		769.66	163.88	68.21	200.01	408.87	100.1	137.9	117.3	119.7	104.3
21		755.72	168.83	70.02	203.76	411.57	98.3	142.0	120.4	122.0	105.0
22	Nov 3	754.35	158.17	66.68	191.52	385.11	98.2	133.1	114.6	114.6	98.2

Mentions, 6 days
Day	X posts
Oct 28	1,343
Oct 29	1,162
Oct 30	1,719
Oct 31	1,060
Nov 1	1,010
Nov 2	3,198

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
USO	+9.8%	+37.7%	+4.7%	+26.7%	+12.5 pts	-6.7%
XLE	+5.1%	+16.3%	+2.5%	+13.2%	+7.7 pts	-4.8%
XOP	+2.2%	+15.9%	-0.2%	+11.8%	+4.8 pts	-6.5%
OIH	-2.4%	0.0%	-3.8%	-3.3%	+0.2 pts	-15.2%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
USO	+$51.6M	−$198.2M	−$810.8M	-9.0%
XLE	+$138.6M	+$1,930M	+$400.2M	+4.2%
XOP	−$9.8M	+$412.8M	+$316.4M	+8.9%
OIH	+$80.9M	+$26.8M	−$20.9M	+1.3%

US midterms: policy, defense, data-center rules

Story and market scores

Mentions, 6 days: 6,705 X posts (change +20%)
Mood: Mixed (0.0)
Spread: 3 of 4 source kinds
Story score: 0.2
Price score: 0.62
Flow score 1m: -0.84
Market score: -0.11
Mismatch: 0.31 (aligned)
Quality: forward-looking
Added from: existing

ETF closes vs SPY, 3 months (start = 100)

SPYITAXARSHLD

Chart data — source closes and indexed series
Point	Source label	SPY close	ITA close	XAR close	SHLD close	SPY (start = 100)	ITA (start = 100)	XAR (start = 100)	SHLD (start = 100)
1	Aug 4	768.56	249.99	282.91	67.78	100.0	100.0	100.0	100.0
2		770.56	251.9	292.33	69.45	100.3	100.8	103.3	102.5
3		776.34	253.22	296.73	70.81	101.0	101.3	104.9	104.5
4		769.06	246.15	284.1	69.2	100.1	98.5	100.4	102.1
5		763.47	233.4	265.61	66.02	99.3	93.4	93.9	97.4
6		771.1	234.26	266.05	66.88	100.3	93.7	94.0	98.7
7		761.78	225.46	252.04	64.11	99.1	90.2	89.1	94.6
8	−2m	770.19	225.61	252.92	62.98	100.2	90.2	89.4	92.9
9		757.83	218.32	244.66	61.78	98.6	87.3	86.5	91.1
10		757.39	214.0	241.53	62.57	98.5	85.6	85.4	92.3
11		761.69	213.84	239.86	62.68	99.1	85.5	84.8	92.5
12		767.81	213.92	239.37	62.3	99.9	85.6	84.6	91.9
13		765.61	209.26	234.19	60.82	99.6	83.7	82.8	89.7
14		763.99	208.04	231.6	60.14	99.4	83.2	81.9	88.7
15	−1m	779.09	208.26	233.62	60.06	101.4	83.3	82.6	88.6
16		778.57	206.65	228.36	59.87	101.3	82.7	80.7	88.3
17		769.6	204.24	220.35	59.68	100.1	81.7	77.9	88.0
18		766.48	207.76	223.3	61.31	99.7	83.1	78.9	90.5
19		763.96	204.48	218.31	61.89	99.4	81.8	77.2	91.3
20		769.66	206.22	224.45	63.24	100.1	82.5	79.3	93.3
21		755.72	209.74	227.37	63.78	98.3	83.9	80.4	94.1
22	Nov 3	754.35	216.17	234.07	63.38	98.2	86.5	82.7	93.5

Mentions, 6 days
Day	X posts
Oct 28	943
Oct 29	926
Oct 30	1,183
Oct 31	764
Nov 1	826
Nov 2	2,063

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
ITA	+4.4%	-14.3%	+1.1%	-5.5%	+7.1 pts	-14.6%
XAR	+1.2%	-17.0%	-1.3%	-11.3%	+3.8 pts	-21.1%
SHLD	+4.9%	-5.9%	+1.9%	-5.6%	+7.6 pts	-18.8%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
ITA	−$52.9M	−$124.7M	−$170.6M	-1.0%
XAR	+$28.8M	−$306.5M	+$15.5M	-6.0%
SHLD	−$50.9M	−$249.6M	−$434.1M	-3.8%

Defense primes

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: 0.7
Flow score 1m: -0.46
Market score: 0.12
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYITAPPA

Chart data — source closes and indexed series
Point	Source label	SPY close	ITA close	PPA close	SPY (start = 100)	ITA (start = 100)	PPA (start = 100)
1	Aug 4	768.56	249.99	181.96	100.0	100.0	100.0
2		770.56	251.9	184.07	100.3	100.8	101.2
3		776.34	253.22	185.09	101.0	101.3	101.7
4		769.06	246.15	179.48	100.1	98.5	98.6
5		763.47	233.4	170.79	99.3	93.4	93.9
6		771.1	234.26	171.69	100.3	93.7	94.4
7		761.78	225.46	165.12	99.1	90.2	90.7
8	−2m	770.19	225.61	165.18	100.2	90.2	90.8
9		757.83	218.32	160.68	98.6	87.3	88.3
10		757.39	214.0	159.47	98.5	85.6	87.6
11		761.69	213.84	159.78	99.1	85.5	87.8
12		767.81	213.92	159.5	99.9	85.6	87.7
13		765.61	209.26	156.24	99.6	83.7	85.9
14		763.99	208.04	155.57	99.4	83.2	85.5
15	−1m	779.09	208.26	156.2	101.4	83.3	85.8
16		778.57	206.65	155.02	101.3	82.7	85.2
17		769.6	204.24	153.24	100.1	81.7	84.2
18		766.48	207.76	155.96	99.7	83.1	85.7
19		763.96	204.48	154.53	99.4	81.8	84.9
20		769.66	206.22	156.87	100.1	82.5	86.2
21		755.72	209.74	158.65	98.3	83.9	87.2
22	Nov 3	754.35	216.17	162.13	98.2	86.5	89.1

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
ITA	+4.4%	-14.3%	+1.1%	-5.5%	+7.1 pts	-14.6%
PPA	+4.3%	-11.6%	+1.7%	-4.9%	+6.9 pts	-12.6%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
ITA	−$52.9M	−$124.7M	−$170.6M	-1.0%
PPA	+$9.9M	−$60.7M	+$28.5M	-0.8%

Year	Google AI's view (unverified)
2024	Ongoing, peak Jul 2024, fade Oct–Nov 2024 (ITA, PPA)
2025	Active from Jan 2025, peak Sep 2025, highly bid through Q4 2025 (ITA, PPA)

Price check: ITA and PPA 2025 highs came Dec 24, 2025, after the Sep 2025 peak claimed, consistent with "highly bid through Q4".

Healthcare (2)

Defensive healthcare rotation

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: 1.0
Flow score 1m: 0.75
Market score: 0.88
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYXLVIYHVHT

Chart data — source closes and indexed series
Point	Source label	SPY close	XLV close	IYH close	VHT close	SPY (start = 100)	XLV (start = 100)	IYH (start = 100)	VHT (start = 100)
1	Aug 4	768.56	164.45	69.24	309.02	100.0	100.0	100.0	100.0
2		770.56	168.01	70.89	315.71	100.3	102.2	102.4	102.2
3		776.34	167.37	70.65	314.7	101.0	101.8	102.0	101.8
4		769.06	175.68	74.33	329.48	100.1	106.8	107.4	106.6
5		763.47	174.7	73.84	327.49	99.3	106.2	106.6	106.0
6		771.1	171.58	72.63	322.93	100.3	104.3	104.9	104.5
7		761.78	171.67	72.38	321.59	99.1	104.4	104.5	104.1
8	−2m	770.19	171.45	72.4	321.66	100.2	104.3	104.6	104.1
9		757.83	165.66	70.0	311.27	98.6	100.7	101.1	100.7
10		757.39	167.66	70.64	314.56	98.5	102.0	102.0	101.8
11		761.69	168.39	71.17	315.85	99.1	102.4	102.8	102.2
12		767.81	168.8	71.54	316.18	99.9	102.6	103.3	102.3
13		765.61	171.26	72.67	320.74	99.6	104.1	105.0	103.8
14		763.99	166.2	70.4	311.72	99.4	101.1	101.7	100.9
15	−1m	779.09	167.09	70.67	312.88	101.4	101.6	102.1	101.2
16		778.57	170.81	72.14	319.01	101.3	103.9	104.2	103.2
17		769.6	173.96	73.16	323.15	100.1	105.8	105.7	104.6
18		766.48	175.65	73.79	325.94	99.7	106.8	106.6	105.5
19		763.96	181.3	76.22	336.26	99.4	110.2	110.1	108.8
20		769.66	179.18	75.48	333.16	100.1	109.0	109.0	107.8
21		755.72	184.87	77.81	342.33	98.3	112.4	112.4	110.8
22	Nov 3	754.35	184.02	77.3	340.8	98.2	111.9	111.6	110.3

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
XLV	+9.9%	+12.1%	+6.6%	+15.8%	+12.6 pts	-0.5%
IYH	+9.0%	+11.9%	+6.1%	+15.6%	+11.7 pts	-0.7%
VHT	+8.4%	+10.5%	+5.6%	+14.8%	+11.0 pts	-0.4%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
XLV	+$972.6M	+$1,560M	+$1,570M	+3.2%
IYH	+$54.7M	+$370.2M	+$598.2M	+7.9%
VHT	+$129.9M	+$104.8M	+$249.1M	+0.5%

GLP-1 obesity drugs

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: 0.81
Flow score 1m: 0.24
Market score: 0.53
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYPPHIBB

Chart data — source closes and indexed series
Point	Source label	SPY close	PPH close	IBB close	SPY (start = 100)	PPH (start = 100)	IBB (start = 100)
1	Aug 4	768.56	110.63	192.97	100.0	100.0	100.0
2		770.56	112.02	199.74	100.3	101.3	103.5
3		776.34	110.86	198.26	101.0	100.2	102.7
4		769.06	117.28	216.96	100.1	106.0	112.4
5		763.47	116.48	212.53	99.3	105.3	110.1
6		771.1	114.06	214.8	100.3	103.1	111.3
7		761.78	114.51	210.82	99.1	103.5	109.3
8	−2m	770.19	114.21	211.92	100.2	103.2	109.8
9		757.83	109.6	202.64	98.6	99.1	105.0
10		757.39	110.53	202.0	98.5	99.9	104.7
11		761.69	111.17	204.56	99.1	100.5	106.0
12		767.81	110.3	206.6	99.9	99.7	107.1
13		765.61	111.48	210.71	99.6	100.8	109.2
14		763.99	108.14	205.96	99.4	97.7	106.7
15	−1m	779.09	108.17	203.1	101.4	97.8	105.2
16		778.57	110.49	206.49	101.3	99.9	107.0
17		769.6	112.13	203.25	100.1	101.4	105.3
18		766.48	113.48	204.06	99.7	102.6	105.7
19		763.96	117.04	209.54	99.4	105.8	108.6
20		769.66	114.63	212.2	100.1	103.6	110.0
21		755.72	119.33	217.61	98.3	107.9	112.8
22	Nov 3	754.35	118.6	215.47	98.2	107.2	111.7

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
PPH	+10.2%	+7.9%	+5.2%	+9.8%	+12.9 pts	-0.6%
IBB	+3.6%	+12.3%	+3.3%	+16.3%	+6.3 pts	-1.1%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
PPH	+$35.9M	+$10.7M	+$128.5M	+0.9%
IBB	+$265.8M	+$1.1M	+$718.4M	0.0%

Year	Google AI's view (unverified)
2024	Start late 2023, peak Jul 2024, fade Sep–Oct 2024 (PPH, XLV, IBB)

Price check: 2024 dates fall outside the 2-year price window. PPH made a 2-year high on Oct 30, 2026.

Defensives and value (2)

Quality dividend and value

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: 1.0
Flow score 1m: 0.95
Market score: 0.97
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYSCHD

Chart data — source closes and indexed series
Point	Source label	SPY close	SCHD close	SPY (start = 100)	SCHD (start = 100)
1	Aug 4	768.56	33.7	100.0	100.0
2		770.56	34.27	100.3	101.7
3		776.34	34.52	101.0	102.4
4		769.06	35.09	100.1	104.1
5		763.47	35.21	99.3	104.5
6		771.1	34.83	100.3	103.4
7		761.78	34.81	99.1	103.3
8	−2m	770.19	34.8	100.2	103.3
9		757.83	33.99	98.6	100.9
10		757.39	34.33	98.5	101.9
11		761.69	33.68	99.1	99.9
12		767.81	33.28	99.9	98.8
13		765.61	33.01	99.6	98.0
14		763.99	32.66	99.4	96.9
15	−1m	779.09	32.85	101.4	97.5
16		778.57	33.04	101.3	98.0
17		769.6	33.71	100.1	100.0
18		766.48	34.24	99.7	101.6
19		763.96	35.4	99.4	105.0
20		769.66	35.12	100.1	104.2
21		755.72	35.78	98.3	106.2
22	Nov 3	754.35	35.55	98.2	105.5

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
SCHD	+8.6%	+5.7%	+4.1%	+9.7%	+11.3 pts	-1.0%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
SCHD	+$532.4M	+$2,290M	+$9,280M	+1.9%

Year	Google AI's view (unverified)
2026	Start Apr 2026, peaking through Sep/Oct 2026 as money left mega-cap tech (SCHD)

Price check: SCHD made a 2-year closing high on Nov 2, 2026, consistent with the rotation still running.

Staples, telecom and real estate outflows

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: 0.36
Flow score 1m: -1.0
Market score: -0.32
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYIYKIYZIYR

Chart data — source closes and indexed series
Point	Source label	SPY close	IYK close	IYZ close	IYR close	SPY (start = 100)	IYK (start = 100)	IYZ (start = 100)	IYR (start = 100)
1	Aug 4	768.56	74.55	43.4	104.19	100.0	100.0	100.0	100.0
2		770.56	74.1	43.66	102.57	100.3	99.4	100.6	98.4
3		776.34	74.84	43.81	105.06	101.0	100.4	100.9	100.8
4		769.06	75.07	42.85	104.79	100.1	100.7	98.7	100.6
5		763.47	76.23	42.6	105.39	99.3	102.3	98.2	101.2
6		771.1	74.69	43.39	103.79	100.3	100.2	100.0	99.6
7		761.78	75.08	42.59	102.45	99.1	100.7	98.1	98.3
8	−2m	770.19	74.47	42.69	102.14	100.2	99.9	98.4	98.0
9		757.83	73.44	42.15	99.97	98.6	98.5	97.1	95.9
10		757.39	73.65	42.32	99.31	98.5	98.8	97.5	95.3
11		761.69	72.38	41.91	98.0	99.1	97.1	96.6	94.1
12		767.81	72.16	41.34	97.24	99.9	96.8	95.3	93.3
13		765.61	71.83	41.17	96.16	99.6	96.4	94.9	92.3
14		763.99	70.68	41.61	94.47	99.4	94.8	95.9	90.7
15	−1m	779.09	71.98	44.17	95.26	101.4	96.6	101.8	91.4
16		778.57	73.43	42.67	96.1	101.3	98.5	98.3	92.2
17		769.6	75.77	40.54	95.93	100.1	101.6	93.4	92.1
18		766.48	76.73	39.17	96.24	99.7	102.9	90.3	92.4
19		763.96	78.8	38.49	98.37	99.4	105.7	88.7	94.4
20		769.66	76.44	39.62	97.97	100.1	102.5	91.3	94.0
21		755.72	78.03	38.38	99.66	98.3	104.7	88.4	95.7
22	Nov 3	754.35	77.9	38.1	100.86	98.2	104.5	87.8	96.8

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
IYK	+8.8%	+4.2%	+4.6%	+6.5%	+11.4 pts	-1.3%
IYZ	-11.3%	-11.3%	-8.0%	-7.1%	-8.6 pts	-17.1%
IYR	+6.9%	-4.1%	+2.2%	+0.5%	+9.5 pts	-6.0%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
IYK	+$89.8M	−$298.9M	−$32.5M	-20.5%
IYZ	−$194.4M	−$244.4M	−$375.3M	-32.3%
IYR	−$43.9M	−$318.1M	−$378.4M	-8.0%

Reshoring and industry (1)

Reshoring and automation

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -0.92
Flow score 1m: 0.38
Market score: -0.27
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: Google AI

ETF closes vs SPY, 3 months (start = 100)

SPYARKQ

Chart data — source closes and indexed series
Point	Source label	SPY close	ARKQ close	SPY (start = 100)	ARKQ (start = 100)
1	Aug 4	768.56	123.2	100.0	100.0
2		770.56	128.3	100.3	104.1
3		776.34	130.39	101.0	105.8
4		769.06	126.01	100.1	102.3
5		763.47	121.83	99.3	98.9
6		771.1	124.16	100.3	100.8
7		761.78	120.15	99.1	97.5
8	−2m	770.19	122.25	100.2	99.2
9		757.83	120.49	98.6	97.8
10		757.39	118.95	98.5	96.6
11		761.69	122.2	99.1	99.2
12		767.81	124.72	99.9	101.2
13		765.61	121.87	99.6	98.9
14		763.99	121.43	99.4	98.6
15	−1m	779.09	127.2	101.4	103.2
16		778.57	123.51	101.3	100.3
17		769.6	115.84	100.1	94.0
18		766.48	113.51	99.7	92.1
19		763.96	111.69	99.4	90.7
20		769.66	116.65	100.1	94.7
21		755.72	111.08	98.3	90.2
22	Nov 3	754.35	110.95	98.2	90.1

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
RSHO	no Yahoo data
ARKQ	-11.8%	-9.4%	-7.5%	-10.5%	-9.2 pts	-22.9%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
RSHO	stale on etfdb (Jun 18, 2026)
ARKQ	$0M	+$13.2M	−$57.8M	+0.8%

Year	Google AI's view (unverified)
2024	Start Jan 2024, peak Jul 2024, fade Nov 2024 then re-accelerated (RSHO)
2025	Accumulation from Jan 2025, peak Sep 2025, strong into Dec 2025 (XLI, ARKQ)

Price check: ARKQ 2025 high was Oct 29, close to the Sep 2025 peak claimed. RSHO has no Yahoo price data.

International (2)

China tech de-risking

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -0.63
Flow score 1m: 0.0
Market score: -0.32
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYCQQQKWEB

Chart data — source closes and indexed series
Point	Source label	SPY close	CQQQ close	KWEB close	SPY (start = 100)	CQQQ (start = 100)	KWEB (start = 100)
1	Aug 4	768.56	52.18	28.38	100.0	100.0	100.0
2		770.56	51.83	28.09	100.3	99.3	99.0
3		776.34	50.88	27.01	101.0	97.5	95.2
4		769.06	49.51	27.22	100.1	94.9	95.9
5		763.47	47.97	26.25	99.3	91.9	92.5
6		771.1	49.02	26.1	100.3	93.9	92.0
7		761.78	48.21	25.69	99.1	92.4	90.5
8	−2m	770.19	48.22	26.05	100.2	92.4	91.8
9		757.83	46.03	24.44	98.6	88.2	86.1
10		757.39	46.11	24.48	98.5	88.4	86.3
11		761.69	47.08	24.83	99.1	90.2	87.5
12		767.81	47.13	24.85	99.9	90.3	87.6
13		765.61	45.41	24.66	99.6	87.0	86.9
14		763.99	44.55	24.33	99.4	85.4	85.7
15	−1m	779.09	45.03	24.54	101.4	86.3	86.5
16		778.57	43.88	24.93	101.3	84.1	87.8
17		769.6	42.0	24.51	100.1	80.5	86.4
18		766.48	40.99	24.28	99.7	78.6	85.6
19		763.96	39.93	23.21	99.4	76.5	81.8
20		769.66	39.49	23.13	100.1	75.7	81.5
21		755.72	37.78	22.74	98.3	72.4	80.1
22	Nov 3	754.35	37.8	23.28	98.2	72.4	82.0

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
CQQQ	-16.1%	-27.3%	-15.0%	-24.3%	-13.5 pts	-37.5%
KWEB	-5.2%	-18.4%	-5.2%	-16.4%	-2.6 pts	-45.8%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
CQQQ	−$85.2M	−$431.4M	−$629.1M	-24.9%
KWEB	−$1.6M	+$91.1M	−$306M	+2.2%

Emerging markets excluding China, and Brazil

Story and market scores

Mentions, 6 days: not collected yet
Mood: not collected yet
Spread: not collected yet
Story score: not collected yet
Price score: -1.0
Flow score 1m: 1.0
Market score: 0.0
Mismatch: not collected yet (needs mentions)
Quality: forward-looking
Added from: flow scan

ETF closes vs SPY, 3 months (start = 100)

SPYEMXCEWZ

Chart data — source closes and indexed series
Point	Source label	SPY close	EMXC close	EWZ close	SPY (start = 100)	EMXC (start = 100)	EWZ (start = 100)
1	Aug 4	768.56	93.94	35.81	100.0	100.0	100.0
2		770.56	94.66	33.98	100.3	100.8	94.9
3		776.34	97.29	33.93	101.0	103.6	94.8
4		769.06	96.14	34.26	100.1	102.3	95.7
5		763.47	96.36	35.17	99.3	102.6	98.2
6		771.1	99.1	35.76	100.3	105.5	99.9
7		761.78	98.02	36.57	99.1	104.3	102.1
8	−2m	770.19	101.12	37.86	100.2	107.6	105.7
9		757.83	99.22	38.56	98.6	105.6	107.7
10		757.39	96.96	37.78	98.5	103.2	105.5
11		761.69	99.24	37.52	99.1	105.6	104.8
12		767.81	100.43	37.37	99.9	106.9	104.4
13		765.61	99.73	36.21	99.6	106.2	101.1
14		763.99	99.34	37.14	99.4	105.7	103.7
15	−1m	779.09	101.89	43.0	101.4	108.5	120.1
16		778.57	99.02	43.54	101.3	105.4	121.6
17		769.6	95.11	42.6	100.1	101.2	119.0
18		766.48	93.31	41.93	99.7	99.3	117.1
19		763.96	91.16	41.85	99.4	97.0	116.9
20		769.66	92.62	34.3	100.1	98.6	95.8
21		755.72	89.7	32.46	98.3	95.5	90.6
22	Nov 3	754.35	89.75	31.73	98.2	95.5	88.6

ETF	1m return	3m return	vs 50-day SMA	vs 200-day SMA	RS 1m vs SPY	From 2-year high
EMXC	-12.7%	-5.6%	-7.9%	-2.4%	-10.0 pts	-15.7%
EWZ	-26.2%	-12.1%	-17.1%	-14.7%	-23.5 pts	-27.1%

ETF	Net flow 5 days	Net flow 1 month	Net flow 3 months	1-month flow % of assets
EMXC	+$155M	+$2,460M	+$2,770M	+9.7%
EWZ	−$1,130M	+$2,920M	+$2,280M	+30.4%

Google AI watch notes

Direction	Google AI's view, Nov 2026	How it maps here
Emerging	AI accountability and capex auditing	Tracked inside AI chips vs AI software and Hyperscalers; semis and MAGS are below their 50-day averages, which fits.
Emerging	Bring your own power (developers funding their own power)	Tracked as Power grid; GRID took inflows but sits below both averages, so not visible in price yet.
Emerging	Post-midterm clarity rally	Tracked as US midterms; ITA, XAR and SHLD beat SPY over the month, results still pending at capture.
Emerging	Defensive and high-quality value rotation	Tracked as Quality dividend and value, Defensive healthcare and Staples; SCHD, XLV and IYK are near 2-year highs, which fits.
Emerging	Active ETFs using perpetual futures for private AI names	Not tracked: no liquid sector ETF to follow yet.
Fading	Blind mega-cap AI optimism	Tracked as Hyperscalers; MAGS is 7.5% off its Oct 13 high and XLC is below both averages, which fits.
Fading	Autonomous-vehicle near-term euphoria	Closest tracked ETFs are ARKQ and BOTZ, both below both averages.
Fading	Non-AI legacy semiconductor recovery	Closest tracked ETFs are XSD and PSI, down 18% and 26% in a month.

Captured from Google AI Mode on 4 Nov 2026. Its dates are opinions, checked above against Yahoo closes where the 2-year window (from Nov 4, 2024) reaches.

Mismatch score and stage rules

Story score
0.5 × mood + 0.5 × (mention change % ÷ 50, capped to −1…+1).
Price score
Average over the sub-narrative's ETFs of (1-month relative strength vs SPY in points ÷ 10, capped).
Flow score
Average of (1-month net flow as % of assets ÷ 2, capped). Market score = 0.5 × price score + 0.5 × flow score.
Mismatch
Story score − market score; +0.5 or more is story without flows, −0.5 or less is flows without story.
Start
Mentions rising more than 15% while the lead ETF is near or just reclaiming its 50-day simple moving average of daily closes.
Push up
Lead ETF above its 50-day simple moving average with positive 1-month relative strength vs SPY.
Peak
Lead ETF more than 20% above its 200-day simple moving average and mentions spiking, or the first sharp reversal on a headline.
Rolling over
Lead ETF below its 50-day simple moving average with negative 1-month relative strength after a prior run.
Faded
Lead ETF below both its 50-day and 200-day simple moving averages with a negative 3-month return; with mentions, also down more than 50% from their high.
Signals
Consider buying needs Start or Push up plus the lead ETF above both averages and non-negative flows; consider trimming fits Peak or Rolling over; everything else is watch.

1-month return is 21 sessions, 3-month is 63; RS is ETF 1-month return minus SPY 1-month return. Flows are etfdb.com 5 Day, 1 Month and 3 Month Net Flows as of Nov 3, fetched 4 Nov (Manila).

Paper portfolio

Trade	Sub-narrative	ETF	Entry (3 Nov close)	Value	Return	SPY same days
PT-0001	Defensive healthcare rotation	XLV	$184.02	$1,000	0.0%	0.0%
PT-0002	Defensive healthcare rotation	IYH	$77.30	$1,000	0.0%	0.0%
PT-0003	Defensive healthcare rotation	VHT	$340.80	$1,000	0.0%	0.0%
PT-0004	GLP-1 obesity drugs	PPH	$118.60	$1,000	0.0%	0.0%
PT-0005	GLP-1 obesity drugs	IBB	$215.47	$1,000	0.0%	0.0%
PT-0006	Quality dividend and value	SCHD	$35.55	$1,000	0.0%	0.0%

Starting cash: $10,000 (deposit, 3 Nov 2026)
Cash: $4,000
Holdings at 3 Nov close: $6,000 (6 open positions)
Total worth: $10,000
Net P&L vs $10,000: $0 (0.0%)
SPY on $10,000, same period: 0.0%
Realized / unrealized P&L: $0 / $0 (0 closed trades)

As of 4 Nov 5:05 PM Manila the 4 Nov US close is not in yet, so values use the 3 Nov close; P&L starts with the next close.

Date	Type	ETF	Trade	Shares	Price	Amount	Cash after
Nov 3	DEPOSIT					+$10,000	$10,000
Nov 3	BUY	XLV	PT-0001	5.434192	$184.02	−$1,000	$9,000
Nov 3	BUY	IYH	PT-0002	12.936611	$77.30	−$1,000	$8,000
Nov 3	BUY	VHT	PT-0003	2.934272	$340.80	−$1,000	$7,000
Nov 3	BUY	PPH	PT-0004	8.431703	$118.60	−$1,000	$6,000
Nov 3	BUY	IBB	PT-0005	4.641017	$215.47	−$1,000	$5,000
Nov 3	BUY	SCHD	PT-0006	28.129395	$35.55	−$1,000	$4,000

Entry
Buy at the close on the day a sub-narrative's signal turns consider buying; $1,000 nominal per ETF, flat (changed 4 Nov 2026 4:52 PM Manila).
Exit
Sell all its positions at the close when the signal turns consider trimming, or when it is watch with stage Rolling over or Faded.
No duplicates
No second position in a sub-narrative already open, or in an ETF already held.
Cash
The account starts with $10,000. A buy needs at least $1,000 cash or it is skipped and logged as SKIPPED_NO_CASH; a sell returns shares × close to cash and books realized P&L (changed 4 Nov 2026 5:05 PM Manila).
Benchmark
$10,000 in SPY from the 3 Nov close; excess return = account net P&L % minus SPY return.

Full log in the ledger, paper_trades, portfolio_daily, signals_daily and model_rules tabs of Esther's history sheet.

Data gaps and planned inputs

Gap	Detail
Mentions, mood, spread	Collected for 11 sub-narratives (6 on Nov 3, 5 on Nov 4). The other 18 are not collected yet, so they have no story or mismatch score.
RSHO	Yahoo returns no closes for RSHO and etfdb's page was last updated Jun 18, 2026; reshoring rests on ARKQ.
New funds	NCLD and LYTE (launched Aug 2026) and DRAM (Apr 2026) lack a 200-day average and NCLD/LYTE a 3-month return.
ETHA flows	etfdb shows −$8.02B in a month, more than the fund's assets; etfiq shows −$1.34B. Treat the etfdb figure as suspect.
Google AI 2024 dates	Most 2024 claims fall before the 2-year price window and could not be checked.
Stocktwits retail layer	Planned input, not yet collected.
TradingView	Most-active page and sector and industry rankings are planned inputs, not yet collected.

History: Esther's sheet Market Narratives — History at https://docs.google.com/spreadsheets/d/1u7MyFXEH5BEX-qynWVgXq8a8f344eax8-DwvJvIckfQ/edit (taxonomy tab added 4 Nov). Raw data: `/workspace/narratives/tree_2026-11-04.json`.

Market Narratives Dashboard (2026-11-06)

US market narratives — theme tree, updated 6 Nov 2026

Latest scan, 6 Nov 2026

Theme tree

Sub-narrative detail

AI build-out (6)

AI chips vs AI software

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Hyperscalers and AI platform mega-caps

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Neocloud and AI optics

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Cybersecurity

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Robotics and physical AI

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Quantum computing

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Power and nuclear (3)

AI power demand and data-center backlash

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Nuclear and small modular reactors

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Power grid and "bring your own power"

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Hard assets and materials (4)

Debasement trade: gold and silver

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Critical minerals

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Rare earths

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Copper and lithium

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Crypto (3)

Bitcoin

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Ethereum and altcoin outflows

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Bitcoin miners

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Rates, Fed and banks (3)

Hawkish Fed hold, inflation and jobs report

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Rate-cut rotation

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Big banks over regional banks

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Energy, geopolitics and defense (3)

Oil and the Iran war / Hormuz

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

US midterms: policy, defense, data-center rules

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Defense primes

Story and market scores

ETF closes vs SPY, 3 months (start = 100)

Healthcare (2)

Defensive healthcare rotation

Story and market scores