The hottest Finance Substack posts right now

And their main takeaways
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Top Finance Topics

Changing Winds

Market Sentiment • 805 implied HN points • 12 Feb 23
💰 Finance Investing Economic Forecasting Interest Rates Stock Market
  1. Top-down investing looks at big-picture factors like interest rates and GDP, while bottom-up focuses on individual company fundamentals.
  2. Combining both top-down and bottom-up approaches can lead to better investment decisions, as seen from experiences like the 2008 crash and LTCM failure.
  3. In a changing market with high inflation and rising interest rates, the best strategy is to balance top-down understanding with bottom-up analysis for successful investing.

Exchange Balances Finally Affected by Bitcoin ETF Inflows

Bitcoin Magazine Pro • 412 implied HN points • 01 Feb 24
💰 Finance Cryptocurrency Economy Investing Policy Market Analysis
  1. Bitcoin ETF inflows have been strong in January, reaching $1.3 billion in net inflows.
  2. Price reactions to ETF inflows have not been strong yet, but are expected to come.
  3. The recent FOMC decision had no change in policy, causing initial stock sell-offs, but stocks rebounded, and the macro thesis suggests potential recession signals.

News You Need To Know Before Money2020: Goldman & Apple Hit With CFPB Enforcement Actions

Fintech Business Weekly • 104 implied HN points • 27 Oct 24
💰 Finance Banking Regulation Credit Lending Fintech
  1. Goldman Sachs and Apple have to pay nearly $90 million due to issues with how they handled customer complaints about the Apple Card. They didn't follow the rules about resolving billing errors and misleading customers about financing options.
  2. The final open banking rule is now in place, but it faces a legal challenge from big banks who argue it could increase fraud and harm consumer data safety. This rule aims to give consumers more control over their financial data.
  3. SoLo Funds, a peer-to-peer lending service, is facing a lawsuit for allegedly misleading customers about loan costs. The company has been criticized for operating without the necessary licenses and using confusing practices.

Links - 01/17/2024

Value Investing World • 452 implied HN points • 18 Jan 24
💰 Finance Investing Stocks Market News
  1. Value investing involves envisioning the future and solving puzzles to make successful investments.
  2. Haslam family sells remaining shares of Pilot Travel Centers to Berkshire Hathaway.
  3. Watch Nassim Nicholas Taleb speaking at Science and Business Days 2023 on video.
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Inflation suddenly reignites

The Bitcoin Layer • 393 implied HN points • 06 Feb 24
💰 Finance Inflation
  1. Inflation is reigniting as prices paid by businesses surge, leading to a spike in Treasury yields.
  2. Loan activity is increasing at banks, indicating economic activity is picking up.
  3. Upstream prices that businesses are paying will likely lead to higher consumer prices with a slight delay.

The BoJ is Trapped

The Dollar Endgame • 279 implied HN points • 19 Mar 24
💰 Finance Monetary Policy Central Bank Inflation Interest Rates
  1. The Bank of Japan raised its rates for the first time in years, adjusting its primary goal for short-term interest rates and marking its first rate hike since 2007.
  2. The Bank of Japan previously used Negative Interest Rate Policy to stimulate borrowing and lending to revitalize Japan's sluggish economy.
  3. The Bank of Japan has ceased certain policies but will continue to print money, maintain low rates, and combat potential inflation, as seen through their recent monetary announcements.

December 2024 Erdmann Housing Tracker

Erdmann Housing Tracker • 21 implied HN points • 14 Jan 25
💰 Finance Economics Real Estate Investing Housing Market Trends
  1. Inflation numbers are delayed because the Consumer Price Index (CPI) isn't updated yet. So, we'll have to wait a bit longer for the latest inflation details.
  2. Homebuilders, like KB Homes, continue to report strong earnings despite high mortgage rates. It seems that mortgage rates don't impact homebuilders as much as expected.
  3. There's an ongoing pattern where people keep thinking mortgage rates will disrupt the housing market, but this hasn't really happened lately. It's like a financial mystery that keeps repeating.

❄️ 💥 Boom // l'ovni Pinterest // la meilleure méthode pour négocier son salaire

Snowball • 786 implied HN points • 12 Mar 23
💰 Finance
  1. Pinterest is trying to set itself apart as a positive and creative platform compared to other social media networks.
  2. Using game theory can help in negotiating your salary by making counter-offers and finding a middle ground.
  3. Spotify is revamping its platform to mimic TikTok, aiming to become a discovery hub for artists and creators, potentially revolutionizing content creation.

Daily Chartbook #299

Daily Chartbook • 1414 implied HN points • 12 Oct 23
💰 Finance Mortgage Corporate
  1. US Weekly mortgage applications rose despite increasing rates.
  2. Percentage of outstanding 30-year mortgages have incentives for refinancing.
  3. There's a geoeconomic risk discount applied to global equity markets.

Infographics: U.S. Repo Market Mechanics

Concoda • 237 implied HN points • 10 Dec 24
💰 Finance Markets Investing Economics Banking Monetary Policy
  1. The U.S. repo market is a place where banks and financial institutions borrow and lend money, often overnight.
  2. Understanding how the repo market works is important because it affects interest rates and overall market stability.
  3. Visual infographics can help simplify complex topics like the repo market, making it easier for everyone to understand.

Problems at POET Technologies (POET)

The Bear Cave • 256 implied HN points • 05 Dec 24
💰 Finance Stock Market Investing Corporate Finance Market Trends Financial Analysis
  1. POET Technologies is working on an optical interposer technology, but it has very little revenue and a large debt, raising concerns about its long-term survival.
  2. The stock price of POET has risen dramatically this year, largely due to promotional campaigns rather than the company’s actual performance or growth.
  3. Several YouTube videos promoting POET were paid for by the company, which coincided with big jumps in stock price, suggesting that hype is driving interest more than solid fundamentals.

Further Thoughts on Tornetta (and a bit about Veracini)

lawrence’s Substack • 219 implied HN points • 12 Apr 24
💰 Finance Legal Stock Market Earnings Music
  1. Attorneys' fees in legal cases can be substantial, with requests reaching billions of dollars, setting new records
  2. Tesla may face implications in its stock price due to potential sale of awarded shares, creating a significant influence on the market
  3. The _Tornetta_ decision could result in a significant earnings windfall and raises questions about the fundamental duty of a board of directors in improving shareholder value

Mortgages Outstanding by Credit Score

Erdmann Housing Tracker • 63 implied HN points • 03 Dec 24
💰 Finance Mortgages Credit Scores Homeownership Real Estate Economic Trends
  1. After 2008, the number of mortgages given to people with lower credit scores dropped significantly compared to those with higher scores. This changed the lending landscape quite a bit.
  2. High real estate prices are affecting mortgage access more than the other way around. Many lower credit score borrowers are struggling to get mortgages, leading to higher rents and home prices.
  3. The tightening of lending rules since 2008 has made it harder for many people to become homeowners, leading to a market where only certain buyers can take advantage of low interest rates and good prices.

Imminent Yield Curve Uninversion

The Bitcoin Layer • 412 implied HN points • 26 Jan 24
💰 Finance Monetary Policy Financial Crises
  1. The Fed made minor adjustments to monetary policy recently, ending certain borrowing and investing practices in banks.
  2. The Fed is preparing banks for potential crises by encouraging them to use existing facilities like the discount window.
  3. Financial stability is a concern due to leveraged banks and risky lenders of last resort, indicating underlying instability in the financial system.

ANOTHER: The Inside Gold-For-Oil Deal That Could Rock The World's Financial Centers

The Dollar Endgame • 339 implied HN points • 19 Feb 24
💰 Finance Economics Markets Geopolitics Gold Monetary System
  1. A controversial blogger in 1997 exposed a hidden gold-for-oil deal that impacted global geopolitics.
  2. Gold prices might have been suppressed to maintain the international monetary system's stability.
  3. The delicate balance between gold, oil, and currencies has historical roots and holds the power to disrupt financial systems.

Links - 01/09/2024

Value Investing World • 452 implied HN points • 10 Jan 24
💰 Finance Investing Stocks Podcasts Value investing
  1. In times of easy money, people tend to take risky investments over maintaining high standards.
  2. Choosing to abstain from risky investments and herd behavior requires uncommon strength.
  3. Check out valuable investment insights from sources like Howard Marks, Boyar Research, Mohnish Pabrai, and Fundsmith's annual letter.

Housing Roundup #6

Don't Worry About the Vase • 1478 implied HN points • 20 Sep 23
💰 Finance Housing
  1. The listings will continue until people can afford houses in places they want to live.
  2. Housing costs are rising, but homeownership rates have not drastically declined.
  3. Building more houses where people want to live is crucial for lowering housing costs and increasing supply.

🧠 Is Pay by Bank the next Payment Rail?

Fintech Brain Food 🧠 • 373 implied HN points • 05 Feb 24
💰 Finance
  1. 2024 could be the year of Pay by Bank as a new payment rail in the US, offering lower fees for merchants, especially suited for higher-value or subscription payments, and giving banks a competitive edge with open banking becoming a regulatory mandate.
  2. Pay by Bank faces challenges to compete with cards, including establishing user familiarity, faster processing times, robust consumer protections, and creating repeat use incentives.
  3. Lessons from the success of cards, the necessity for consistent branding, merchant adoption based on conversion rather than just cost, integration of fraud protection, and leveraging data for loyalty incentives.

Q3 Update: Delinquencies, Foreclosures and REO

CalculatedRisk Newsletter • 47 implied HN points • 13 Dec 24
💰 Finance Real Estate Mortgages Delinquencies
  1. We won't see a big increase in foreclosures like before. Most homeowners have good equity and stable mortgages, which helps them avoid financial struggles.
  2. The number of properties owned by lenders remains low, indicating that fewer people are losing their homes. This is a good sign compared to past economic downturns.
  3. Delinquency rates are decreasing, and most homeowners are able to keep up with payments. Even those in trouble can often find solutions to stay in their homes.

Earnings: ON, AMKR, RMBS, UCTT, AMD, ASMI, KLAC, MPWR, ALGM, STM, INTC

Mule’s Musings • 83 implied HN points • 04 Nov 24
💰 Finance Investing Earnings Markets Economic Trends Stocks
  1. Several companies, including AMD and INTC, have recently released their earnings reports. This is important for investors to understand how these companies are performing.
  2. The list of companies mentioned are all key players in the tech and semiconductor industries. Keeping an eye on their earnings can provide insight into market trends.
  3. This information is mainly aimed at subscribers, indicating it may include in-depth analysis or additional insights for those interested in stock performance.