Best Financial Analysis Newsletters
Analysis desks publish a view of how a market or company actually works, without pretending to time entries. These are the pure-research publications.
Top of this shortlist: Quartz Sea Research at 98/100 ($30/mo · $500/mo · $25,000/yr).
Quartz Sea Research
European Aerospace & Defense Equity Research | Sovereign Procurement Ledger
Niche · European defense & aerospace equities
Doomberg
Energy, Finance & Geopolitics
Niche · Energy, hard assets & geopolitics
Net Interest
Financial Sector Insights from a Former Hedge Fund Manager
Niche · Banks, fintech & the financial sector
Grant's Interest Rate Observer
Independent Rate & Credit Analysis
Niche · Interest-rate cycles & credit
The Diff
Inflections in Finance & Technology
Niche · Technology & financial infrastructure
Conks
Global Monetary Mechanics & Funding Markets
Niche · Monetary dynamics & repo plumbing
The Macro Compass
Macro Insights, Liquidity & Portfolio Strategy
Niche · Global liquidity, bonds & asset allocation
BCA Research
Independent Global Investment Strategy
Niche · Global asset allocation
Stratechery
Analysis of the Business & Strategy of Technology
Niche · Technology platforms & strategy
Pari Passu
Restructuring, Credit & Distressed Debt
Niche · Restructuring & liability management
SemiAnalysis
Semiconductors, AI Compute & Supply Chain Research
Niche · Semiconductors & AI compute supply chain
Gavekal Research
Global Macro & China (Dragonomics)
Niche · Global macro & China economics
Octus (formerly Reorg)
Restructuring, Covenants & Credit Intelligence
Niche · Restructuring, covenants & credit data
The Overshoot
Global Macro & Balance-of-Payments Analysis
Niche · Trade imbalances & national accounts
TS Lombard
Global Macro & Emerging Markets Strategy
Niche · Global macro & EM strategy
Sinocism (Bill Bishop)
China Policy & Market Intelligence
Niche · China policy, politics & markets
The Fed Guy
Federal Reserve Plumbing & Money Markets
Niche · Fed operations & money markets
Debtwire (ION Analytics)
Leveraged Credit & Distressed News
Niche · Leveraged credit & distressed
9fin
AI-Driven Credit & Covenant Intelligence
Niche · Credit data & covenant analysis
Compounding Quality
Quality Compounders & Portfolio Tracking
Niche · Quality compounding equities
Mostly Borrowed Ideas
Institutional-Grade Deep-Dive Equity Research
Niche · Large-cap compounders & software deep dives
Covenant Review (Fitch)
Covenant Analysis & Documentation
Niche · Loan covenants & documentation
Capital Allocators
Allocator Interviews & Operations
Niche · Institutional allocator playbook
China Financial Markets (Michael Pettis)
China Balance Sheet & Trade
Niche · China balance sheet & trade
Lyn Alden Investment Strategy
Macro, Bitcoin & Monetary Analysis
Niche · macro, bitcoin & monetary analysis
Yet Another Value Blog
Special Situations & Modern Value Investing
Niche · Spinoffs, mergers & special situations
Alpha Architect
Factor Investing & Quant Research
Niche · Factor & systematic investing
Kakashii's Materials
AI, Semiconductors & the Magnificent 7 — Due Diligence & Red Flags
Niche · AI/semis red flags & the Mag-7 bear case
The Information
Deep Tech, Media & Business Journalism
Niche · Technology, media & venture capital
LevFin Insights
Leveraged Finance News & Data
Niche · Leveraged finance & loan markets
Bankless
Crypto, DeFi & Digital-Asset Media
Niche · crypto, defi & digital-asset media
Glassnode Insights
On-Chain Analytics & Market Structure
Niche · on-chain analytics & market structure
Capital Wars (Michael Howell)
Global Liquidity & Capital Flows
Niche · global liquidity & capital flows
Goehring & Rozencwajg
Natural Resources & Energy Transition
Niche · Natural resources & power
Prometheus Research
Business-Cycle & Liquidity Macro Research
Niche · business-cycle & liquidity macro
Monetary Matters Network (Jack Farley)
Macro, Central Banking & Liquidity Interviews
Niche · macro, central banking & liquidity
Checkonchain
Institutional Bitcoin On-Chain Research
Niche · institutional bitcoin on-chain research
ARK Invest
Disruptive Innovation Research
Niche · disruptive innovation research
Asian Century Stocks
Asian & Emerging Market Equity Research
Niche · Asian & emerging-market equities
Apricitas Economics
Data-Driven US Macro Analysis
Niche · US macro, inflation & labour data
Bond Vigilantes (M&G)
Global Bond Market Commentary
Niche · Government & corporate bond markets
Bannockburn Global Forex
FX Strategy & Hedging Advisory
Niche · FX strategy & hedging advisory
A Wealth of Common Sense
Behavioral Finance & Wealth
Niche · Behavioral finance & wealth
Yellowbrick
Hedge-Fund Stock Pitch Aggregator
Niche · hedge-fund stock pitch aggregator
Pulsar (Spaghetti Lisbon)
Macro & Thematic Equities Desk Notes
Niche · macro & thematic equities
CryptoQuant
Crypto Market-Data Intelligence
Niche · crypto market-data intelligence
Galaxy Research
Digital Assets & Macro Research
Niche · digital assets & macro research
The Block Research
Institutional Crypto Research
Niche · institutional crypto research
10x Research
Quantitative Crypto Regime Signals
Niche · quantitative crypto regime signals
SentimenTrader (Jason Goepfert)
Sentiment & Breadth Data
Niche · sentiment & breadth data
Hindenburg Research
Investigative Short Research
Niche · investigative short research
Musings on Markets (Aswath Damodaran)
Valuation & Corporate Finance
Niche · valuation & corporate finance
Real Vision
Macro Interviews & Thematic Research
Niche · Macro interviews & thematic research
The Big Picture (Barry Ritholtz)
Macro, Markets & Investor Behavior
Niche · Macro, markets & behavioral finance
Kaiko Research
Crypto Market-Structure Data
Niche · crypto market-structure data
The Bitcoin Layer
Bitcoin Macro & Liquidity Research
Niche · bitcoin macro & liquidity research
Capriole Investments
Bitcoin On-Chain & Quant Signals
Niche · bitcoin on-chain & quant signals
Hedgeye Risk Management
Institutional Macro Risk Management
Niche · institutional macro risk management
Fundstrat Global Advisors
Independent Macro & Equity Strategy
Niche · independent macro & equity strategy
Strategas
Policy-Driven Institutional Strategy
Niche · policy-driven institutional strategy
Bespoke Investment Group
Data-Driven Market Research
Niche · data-driven market research
CrossBorder Capital
Global Liquidity Research
Niche · global liquidity research
Capital Economics
Independent Macro Research
Niche · independent macro research
Oxford Economics
Global Macro & Industry Forecasting
Niche · global macro & industry forecasting
Continuum Economics
Global Macro & Central-Bank Research
Niche · global macro & central-bank research
The Science of Hitting
Long-Term Equity Investing & Consumer Franchises
Niche · Consumer & quality equities
Wolf Street
Credit Bubbles, Housing & the Fed
Niche · Credit bubbles & housing
David Woo Unbound
Global Macro & Geopolitics
Niche · Macro-geopolitics & the dollar system
The Credit Strategist
Credit Markets & Macro Strategy
Niche · Credit strategy & risk
DataTrek Research
Daily Market Data & Strategy
Niche · Daily market data & positioning
Of Dollars And Data
Data-Driven Personal Finance
Niche · Personal finance & data
Delphi Digital
Digital Asset & Crypto Research
Niche · Crypto & digital-asset research
Market Radar
Quantitative Macro & Rates Models
Niche · quantitative macro & rates models
Bitcoin Magazine Pro
Bitcoin Market & Macro Research
Niche · bitcoin market & macro research
BitMEX Research
Crypto Data & Market Analysis
Niche · crypto data & market analysis
ByteTree
Bitcoin & Gold On-Chain Research
Niche · bitcoin & gold on-chain research
Into The Cryptoverse
Bitcoin & Crypto Cycle Analytics
Niche · bitcoin & crypto cycle analytics
Thoughtful Money (Adam Taggart)
Macro Interviews & Market Commentary
Niche · macro interviews & commentary
Eurodollar University (Jeff Snider)
Eurodollar System & Monetary Plumbing
Niche · eurodollar system & plumbing
Forest for the Trees (Luke Gromen)
Macro, Energy & Fiscal Dominance
Niche · fiscal dominance & energy macro
Muddy Waters Research
Forensic Accounting Research
Niche · forensic accounting short research
Focused Compounding
Concentrated Value Compounding
Niche · concentrated value compounding
Market Math
Quantitative Market & Options Analytics
Niche · quantitative market & options analytics
The Macro Tourist
Macro Complacency & Market Cycles
Niche · Macro complacency & cycles
The Streetwise Professor
Energy, Commodities & Derivatives
Niche · Energy derivatives & market structure
Meb Faber Research
Quant Asset Allocation & The Idea Farm
Niche · Quant asset allocation
Klement on Investing
Data-Driven Investing Commentary
Niche · Data-driven investing
Ecoinometrics
Quantitative Bitcoin Research
Niche · quantitative bitcoin research
CoinShares Research
Digital Asset Fund Flows
Niche · digital asset fund flows
Token Terminal
Protocol Financials & Fundamentals
Niche · protocol financials & fundamentals
MacroVoices
Macro Interviews for Institutional Traders
Niche · institutional macro interviews
Trivium China
China Policy & Regulatory Intelligence
Niche · China policy intelligence
ChinaTalk (Jordan Schneider)
China Tech, Policy & Economics
Niche · China tech & policy
Money: Inside and Out
Central Bank Balance Sheets & Plumbing
Niche · Central bank balance sheets
Noahpinion
Economics, Markets & Technology
Niche · Economics & technology commentary
Marc to Market
Currency & Macro Commentary
Niche · Daily currency & macro analysis
The Irrelevant Investor
Markets, Behavior & Wealth
Niche · Markets & investor behavior
Pragmatic Capitalism
Macro & Portfolio Construction
Niche · Macro & portfolio strategy
Blockware Intelligence
Bitcoin Mining & Market Research
Niche · bitcoin mining & market research
Deribit Insights
Crypto Derivatives & Volatility
Niche · crypto derivatives & volatility
China Beige Book
Independent China Economic Data
Niche · independent China economic data
Talking Heads Macro
Macro Strategy & Positioning
Niche · macro strategy & positioning
Bleecker Street Research
Forensic Short Research
Niche · forensic short research
The Acquirer's Multiple (Tobias Carlisle)
Quantitative Deep-Value Investing
Niche · quantitative deep value
The Investor's Podcast
Investing Education & Interviews
Niche · investing education & interviews
Return Stacked (Corey Hoffstein)
Return Stacking & Leverage Research
Niche · return stacking & leverage
Flirting with Models (Newfound Research)
Quantitative Portfolio Research
Niche · quantitative portfolio research
Mauldin Economics (John Mauldin)
Macro Thought Leadership
Niche · macro thought leadership
The White Coat Investor
Physician Personal Finance
Niche · physician personal finance
Early Retirement Now
Safe Withdrawal & FIRE Research
Niche · safe withdrawal & fire research
Exploration Insights
Mining Exploration & Discovery
Niche · Mining exploration & discovery
The Reformed Broker
Markets, Wealth Management & Commentary
Niche · Markets & wealth management
Coin Bureau
Crypto Education & Research
Niche · crypto education & research
Real Investment Advice (Lance Roberts)
Macro & Market Technicals
Niche · macro & market technicals
Credit Writedowns
Credit, Macro & Financial Crises
Niche · Credit cycles & crises
Gold Newsletter
Precious Metals & Mining
Niche · Gold, silver & mining equities
Abnormal Returns
Curated Market & Investing Links
Niche · Curated investing links
China Cross-Border Monitor
China Capital Flows & Markets
Niche · China capital flows & markets
The Wolf Of All Streets
Crypto & Macro Commentary
Niche · crypto & macro commentary
Rekt Capital
Bitcoin & Altcoin Cycle Analysis
Niche · bitcoin & altcoin cycle analysis
The Fat Pitch (Urban Carmel)
Market Valuation & Sentiment
Niche · valuation & sentiment
Notable Calls
Analyst & Research Call Aggregation
Niche · analyst call aggregation
Behavioural Investment (Joe Wiggins)
Behavioural Finance
Niche · behavioural finance
Sure Dividend
Dividend Screening & Research
Niche · dividend screening & research
Elliott Wave International
Elliott Wave Market Analysis
Niche · Elliott wave analysis
The Absolute Return Letter
Absolute Return Macro Letters
Niche · absolute return macro
Value Hive
Value Investing Interviews & Ideas
Niche · value investing interviews
Portfolio Charts
Portfolio Construction Tools
Niche · portfolio construction tools
Morning Brew
Business & Markets Daily Briefing
Niche · Daily business & markets briefing
The Chart Report
Curated Technical Chart Analysis
Niche · curated technical analysis
Greenbackd (Tobias Carlisle)
Deep Value & Special Situations
Niche · deep value & special situations
The Evidence-Based Investor
Evidence-Based Investing
Niche · evidence-based investing
Dividend Growth Investor
Dividend Growth Investing
Niche · dividend growth investing
Build Alpha
Machine-Learning Trading Research
Niche · machine-learning trading research
Quantifiable Edges
Quantitative Trading Edges
Niche · quantitative trading edges
Financial Samurai
Personal Finance & Real Estate
Niche · personal finance & real estate
The Critical Investor
Junior Mining Due Diligence
Niche · Junior mining due diligence
The Brooklyn Investor
Value Investing Case Studies
Niche · value investing case studies
The Conservative Income Investor
Conservative Income Investing
Niche · conservative income investing
StableBread
Personal Finance & Valuation
Niche · personal finance & valuation
Physician on FIRE
Physician FIRE & Investing
Niche · physician fire & investing
The Measure of a Plan
Personal Finance & Investing
Niche · personal finance & investing