The Weekly Board

The board

Every story ranked by how loud it is, who holds it and what its ETFs returned.

This week’s loudest: the productivity handoff, crypto conviction and hard asset flight. Quietest: the credit signal.

63.2loudest: the productivity handoff

+4.8biggest 4-week move: the productivity handoff

+42.9%best 12 months to Nov 3: geopolitical supply (US +12.0%)

87%most concentrated: QTUM holds the quantum frontier

677most ETFs: the income overlay

WEEK TO OCT 30All 22 stories

Sort by

#StoryLevel, 25 to 604 weeksLargest holderLast 12 months to Nov 3, rankedETFs

1The productivity handoffEnterprise workflow margin63.24 weeksLargest holderCIBR 29.1%top five 70.7%Last 12 months+8.4%Week to Oct 30: −4.4%173

2Crypto convictionBitcoin, regulation, adoption60.14 weeksLargest holderIBIT 50.3%top five 78.4%Last 12 months−29.0%Week to Oct 30: −5.7%174

3Hard asset flightDollar weakness, distrust59.84 weeksLargest holderGLD 35.9%top five 73.6%Last 12 months+2.6%Week to Oct 30: −3.5%108

4The rate regimeFed communications, yields58.94 weeksLargest holderSGOV 7.6%top five 27.7%Last 12 months+0.4%Week to Oct 30: +0.4%425

5The AI compute coreMemory and compute58.44 weeksLargest holderVGT 22.9%top five 63.6%Last 12 months+18.6%Week to Oct 30: −1.8%427

6The defense tradeDeterrence and rearmament58.04 weeksLargest holderXLI 40.2%top five 82.5%Last 12 months+5.8%Week to Oct 30: +2.5%66

7Geopolitical supplyHormuz, OPEC, crude57.74 weeksLargest holderXLE 34.6%top five 62.7%Last 12 months+42.9%Week to Oct 30: +1.1%106

8Onchain infrastructureNetworks, tokens, rails57.24 weeksLargest holderBSOL 18.0%top five 58.8%Last 12 months−37.4%Week to Oct 30: −4.9%45

9Physical AI layerProduction lines, logistics54.64 weeksLargest holderTSLL2x 30.6%top five 85.8%Last 12 months−7.6%Week to Oct 30: −1.3%56

10The orbital economyLaunch, satellites, orbit53.94 weeksLargest holderNASA 22.8%top five 75.0%Last 12 months−3.1%Week to Oct 30: +0.1%49

11Pure narrative flowThe crowd as signal53.44 weeksLargest holderTQQQ3x 44.5%top five 87.6%Last 12 months−9.1%Week to Oct 30: −1.6%98

12The trade-war taxTariffs as cost52.74 weeksLargest holderXLY 58.8%top five 97.7%Last 12 months−1.7%Week to Oct 30: +2.1%31

13The quantum frontierBeyond silicon, pre-revenue49.54 weeksLargest holderQTUM 87.0%top five 96.6%Last 12 months+16.2%Week to Oct 30: −1.9%29

14The power constraintGrid and nuclear48.54 weeksLargest holderXLU 35.6%top five 76.9%Last 12 months−5.2%Week to Oct 30: +1.3%87

15The refinancing cycleReal estate refinancing48.24 weeksLargest holderVNQ 40.9%top five 70.9%Last 12 months+10.5%Week to Oct 30: +1.2%65

16The fear layerVolatility and hedges48.04 weeksLargest holderDBMF 3.6%top five 13.6%Last 12 months+9.2%Week to Oct 30: −0.3%591

17The biology tradeFDA decisions, CRISPR47.54 weeksLargest holderXLV 37.0%top five 73.3%Last 12 months+29.6%Week to Oct 30: +3.2%91

18The income overlayCovered calls, dividends44.94 weeksLargest holderSCHD 10.3%top five 36.5%Last 12 months+14.2%Week to Oct 30: +0.8%677

19The values tradeESG and anti-ESG44.14 weeksLargest holderESGU 12.5%top five 35.8%Last 12 months+10.9%Week to Oct 30: −0.5%158

20The reshoring tradeCritical materials, fabrication43.84 weeksLargest holderPAVE 19.3%top five 60.4%Last 12 months+13.9%Week to Oct 30: +1.6%77

21Dollar displacementUS exceptionalism repricing42.74 weeksLargest holderVEA 9.6%top five 35.5%Last 12 months+13.1%Week to Oct 30: −0.3%662

22The credit signalSpreads and defaults35.04 weeksLargest holderXLF 6.2%top five 25.8%Last 12 months+1.8%Week to Oct 30: +0.4%465

ETFs we checked and found to hold no story sit in the Beta Book →

Attention against ownership

Further right is louder. Higher means more of the capital sits in the top five ETFs. Bigger bubbles have more ETFs.

Swipe the chart sideways to see all of it

Where a name does not fit beside its bubble, hover over or tap the bubble.

Loud and concentrated 7

The productivity handoff, Crypto conviction, Hard asset flight, The defense trade, Physical AI layer, The orbital economy, Pure narrative flow

Loud and spread 4

The rate regime, The AI compute core, Geopolitical supply, Onchain infrastructure

Quiet and concentrated 5

The trade-war tax, The quantum frontier, The power constraint, The refinancing cycle, The biology trade

Quiet and spread 6

The fear layer, The income overlay, The values trade, The reshoring trade, Dollar displacement, The credit signal

Compare stories

Pick up to five and see their last four weeks side by side on the fixed scale.

Swipe the chart sideways to see all of it

Pick up to five from the lists; a sixth replaces the oldest.

Hot

Warm

Quiet

Do the channels agree?

Each dot is one of the five channels, the dark mark is the level.

Level

Swipe the chart sideways to see all of it

Click a channel to pick it out; click again to see all five.

Common questions

What are the loudest market stories this week?

The productivity handoff at 63.2 (HOT); crypto conviction at 60.1 (HOT); hard asset flight at 59.8 (HOT). Levels run on a fixed scale of 25 to 60.

Which market stories are quietest this week?

The credit signal at 35.0 (QUIET); dollar displacement at 42.7 (QUIET); the reshoring trade at 43.8 (QUIET).

Which market story do the most ETFs carry?

The income overlay: 677 US ETFs carry it.

Which stories' ETFs returned the most over the past year?

Geopolitical supply +42.9%; the biology trade +29.6%; the AI compute core +18.6%, against +12.0% for broad US ETFs. Asset weighted, to November 3, 2026. Past performance only.

How is attention measured?

Each story is scored 0 to 100 on five channels every week: search, video, news, investor boards and reference pages. The five are averaged into one level on a fixed 25 to 60 scale. HOT is the top 15% of the week and QUIET the bottom 15%. A level says how loud a story is, not where it is going.

Levels are attention, not direction: no story is labeled rising or falling, and nothing here forecasts flows. Ownership is capital Share of Narrative, exposure-weighted, from the week’s holdings.

Last 12 months: market price total return of the ETFs that carry the story, asset weighted, to November 3, 2026. The bar ranks the 22 stories with a full year, lowest to highest; the dark notch is this one and the thin tick is broad US ETFs (+12.0%). Attention and returns sit side by side, not as cause and effect. Measured and past, not a forecast.

Bubble size is the number of ETFs carrying the story. Color is this week’s band. The lines split the board at its median level (53.0 this week) and at 70% concentration.

The last four weeks on the fixed 25 to 60 scale, with each week’s HOT and QUIET zones shaded. Bands are the top and bottom 15% of that week, so the zones move. A level under 25 is drawn on the floor and marked “below 25”. A record of levels, not a forecast.

Channel scores run 0 to 100. The dark mark is the level, the dot beside each name is its band, and the number on the right is the gap between the highest and lowest channel. A channel that did not report this week has no dot (8 of 110 this week).