Where narratives become positions.
Menanon maps narrative pressure before it crystallizes into consensus. We read the structural shape of conviction across the funds whose traces appear first.
- AI InfrastructureCrystallizing14 traces·across 4 fund familiespressure accelerating · 6 new formations · May 23
- Nuclear / UraniumHardening8 traces·cross-family accumulationpersistence strengthening · 3 new formations · May 21
Pressure persistence detected in 3 active formations — structural traces appear across independent reading windows months before consensus surfaces.
trace density crystallized 8 months before headlines
pressure hardened across reading windows pre-consensus
formation surfaced before broad coverage
avg 8 months ahead of consensus
audit available to membersNarratives form before consensus.
Narratives don't arrive. They form — gradually, structurally, and leave residue in the funds that position first. Menanon reads that formation while pressure is still accumulating.
Trace
Fragmented attention surfaces
Specialist
Niche conviction appears
First Trace
Concentrated entry by early funds
Pressure
Multi-fund accumulation begins
Crystallize
Institutional conviction hardens
Consensus
Broad awareness materializes
Saturation
Late participation
Pressure leaves traces. We surface those traces while the narrative is still forming — public sources, auditable timestamps, methodology you can falsify.
Trace patterns · Q1 2026
Three pressure patterns crystallized in the most recent reading window. The full reading surfaces 49+ active formations across a curated set of conviction-weighted funds.
View full positioning table → Join waitlistUpdated quarterly. Methodology published, traces auditable.
| Ticker | State | Pattern |
|---|---|---|
●●●● | Diverging | Pressure rising against elite divergence. |
●●●● | Diverging | Pressure rising against elite divergence. |
●●●● | Diverging | Pressure rising against elite divergence. |
Four stages. Public sources. Auditable signal.
Menanon is built on readings you can reproduce. No black box. Every formation traces back to the raw data that produced it.
Surface scanning
Public surfaces where attention crystallizes early: open discourse, attention indices, news coverage, scientific signal. Six independent sources at MVP — open by design.
Narrative formation
Mentions converge into emerging narrative clusters through semantic proximity. Each cluster receives a tentative label, validated against a public taxonomy and traceable to its raw sources.
Pressure reading
Each narrative is read across pressure axes — current intensity, acceleration, diversity of sources carrying it. Full formula in methodology.
Structural surface
Active formations surface on the pressure map. Structural transitions trigger readings. Every reading links back to the raw data that produced it.
We publish what we measure, and how.
Most attention products publish numbers without showing the reading. We do the opposite — every formation has a public formula, every reading is timestamped, and every claim can be falsified.
The academic foundation is In Search of Attention (Da, Engelberg, Gao — Journal of Finance, 2011). We're extending it across modern attention sources and into multi-asset coverage.
Read the full methodology→score(n, t) = w₁·F(n,t)
+ w₂·A(n,t)
+ w₃·P(n,t)
+ w₄·Q(n,t)
where:
F intensity normalized mention/search volume
A acceleration Δ vs trailing 30d baseline
P propagation distinct source diversity (Shannon)
Q quality creator/source authority weighting
wᵢ are calibrated per asset class and published.Narrative scores reflect measurable attention dynamics across public sources, computed transparently.
That attention deterministically causes price. That backtests guarantee forward returns. That alpha is automatic.
Join the waitlist.
We're onboarding a small reading cohort first. Early members shape the methodology and see the first pressure maps.