The hottest Finance Substack posts right now

And their main takeaways
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Top Finance Topics

Will mining companies be safe post-halving?

Miner Weekly • 19 implied HN points • 14 Mar 24
💰 Finance Bitcoin Mining Regulation Financial News
  1. Bitcoin halving is approaching with potential impact on mining companies as the hashprice may decrease post-halving, impacting miner profitability.
  2. Public mining companies have been able to maintain gross profits even if hashprice drops to $60/PH/s, with many firms upgrading equipment to reduce costs.
  3. Regulation updates, like Biden's proposed tax, and news on hardware purchases by mining companies reflect ongoing developments in the mining industry.

Investing Update: 3 Stocks For 2025

Spilled Coffee • 72 implied HN points • 11 Jan 25
💰 Finance Investing Market Trends Stock Analysis Economic Reports Consumer behavior
  1. The job market is doing well, with a low unemployment rate and strong job growth. This is helping boost the economy.
  2. Interest rates are rising, particularly for 10-year Treasuries, which can affect the stock market negatively. The S&P 500 has seen a drop recently due to these rate increases.
  3. Most stocks aren't doing too well right now, with only a small percentage in an uptrend. Small caps are struggling and have dropped over 10% recently.

Buying Time

Comment is Freed • 93 implied HN points • 31 Oct 24
💰 Finance Economics Government Forecasting Spending Budgeting
  1. The government is trying to slow down a financial crisis by making tough choices, but this is just a temporary fix. They've had to reverse some tax cuts and allow for more borrowing.
  2. The previous government's budget projections were unrealistic, leading to anger and concerns about how much spending was really needed. Many departments are facing serious issues.
  3. Despite these reversals, the government doesn't have much time left to make the situation better. They're in a tough spot and need to find new ways to improve the economy.
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New Home Sales at 652,000 Annual Rate in July

CalculatedRisk Newsletter • 19 implied HN points • 25 Aug 25
💰 Finance Real Estate Housing Market Economic Trends Market Analysis Sales Data
  1. New home sales in July were at a rate of 652,000, showing a small dip from June but still below last year's numbers.
  2. The inventory of new homes for sale is quite high, with a supply of 9.2 months, which is more than what is usually considered normal.
  3. Prices for new homes have dropped by 12% from their peak, partly because of changes in the types of homes being sold.

Our Empire Is Collapsing

QTR’s Fringe Finance • 25 implied HN points • 21 Jul 25
💰 Finance Monetary Policy Investing Macro economics Markets Fiscal policy
  1. There is a belief that a 'crack up boom' is coming, indicating a huge market change is on the way. It's seen as an unavoidable shift as the economy struggles.
  2. The U.S. stock market is showing surprising resilience, continuing to rise despite political and economic chaos. Investors are buying the dips, showing a strong belief in the market.
  3. There are significant fiscal challenges due to government spending habits, increasing the likelihood of inflation and monetary issues over the long term. The current spending trajectory isn't sustainable.

Why investors love Apple's stock.

Jon’s Newsletter • 39 implied HN points • 28 Nov 23
💰 Finance Investing Dividends Stock Buybacks Corporate Finance Market Analysis
  1. Apple makes a lot of money from selling devices like iPhones and services, giving them a huge cash flow.
  2. Investors love that Apple shares its profits through dividends and stock buybacks, which puts money back in their pockets.
  3. Even with big expenses, Apple still has plenty of cash left over, and experts believe this will keep growing in the future.

Best of Economic Forces: 2025 Edition

Economic Forces • 4 implied HN points • 26 Dec 25
💰 Finance Macroeconomics Trade policy Fiscal policy Taxation Price theory Economic History Education
  1. Tariffs and trade policy were a major theme, with historical context and ongoing policy developments analyzed and questioned.
  2. Core economic ideas like price theory and GDP measurement were emphasized and defended against political distortion.
  3. Readers favored a mix of clear, accessible pieces: explanations of academic news, practical teaching advice, and policy deep-dives on topics like land taxes and dollar dominance.

Binance and the Trojan Horse

False Positive • 39 implied HN points • 27 Nov 23
💰 Finance Cryptocurrency Regulation Money Laundering Compliance Financial Institutions
  1. Nested accounts play a crucial role in facilitating financial crime by providing anonymity and allowing funds to move across borders through complex networks.
  2. Financial institutions and regulators face challenges in monitoring nested accounts and ensuring compliance with anti-money laundering regulations, risking involvement in criminal activities.
  3. Intermediaries like nested accounts in the crypto world increase regulatory control but also create complexities that could make it harder to detect and prevent financial crimes.

Daily Chartbook #393

Daily Chartbook • 183 implied HN points • 02 Mar 24
💰 Finance Investing Markets Data Analysis
  1. Daily Chartbook provides 30 charts to summarize the day's events for paid subscribers.
  2. The content on Daily Chartbook can be accessed through a subscription link on their website.
  3. To view specific posts on Daily Chartbook, individuals need to be paid subscribers.

Part 2: Current State of the Housing Market; Overview for mid-January 2024

CalculatedRisk Newsletter • 205 implied HN points • 11 Jan 24
💰 Finance Housing Market House Prices
  1. The Case-Shiller National Index showed a 4.8% year-over-year increase in home prices in October.
  2. There have been consistent month-over-month increases in the Case-Shiller National Index, following previous decreases.
  3. Various reports indicate that house prices are continuing to rise year-over-year in November, reaching new all-time highs.

Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in June

CalculatedRisk Newsletter • 23 implied HN points • 28 Jul 25
💰 Finance Real Estate Investment Economic Trends Mortgage Rates Housing Market
  1. The serious delinquency rates for single-family loans from Fannie Mae and Freddie Mac remained stable in June. This means that fewer people are seriously behind on their mortgage payments compared to previous years.
  2. Freddie Mac's multi-family delinquency rates are at their highest since the housing market crash. This indicates some challenges in the multi-family housing sector.
  3. Historical data shows that delinquency rates peaked significantly during the housing bubble and the pandemic, but current rates are lower than those high points.

AMD Q4 and FY 2023 Results

More Than Moore • 186 implied HN points • 19 Feb 24
💰 Finance Earnings Market Analysis Revenue
  1. AMD had a strong Q4 in 2023 with record-breaking revenue, driven by its Data Center Business Unit.
  2. The Client computing sector saw improvement in Q4 2023 after facing challenges in the first half of the year due to market shifts and inventory digestion.
  3. AMD's Gaming unit experienced a decline in Q4 revenue, mainly due to semi-custom sales, but overall yearly numbers were up with increased Radeon sales.

Freddie Mac House Price Index Declined in May; Up 2.2% Year-over-year

CalculatedRisk Newsletter • 28 implied HN points • 30 Jun 25
💰 Finance Real Estate Market Trends Investment Economic Indicators Data Analysis
  1. The Freddie Mac House Price Index dropped by 0.23% in May but is still up 2.2% compared to last year. This shows that while prices are currently declining, there has been some growth over the past year.
  2. Florida and Texas are experiencing significant price declines, with 17 out of the 30 cities with the biggest drops located in these states. This trend indicates that real estate markets in these areas are facing challenges.
  3. Overall, 31 states and Washington D.C. have seen house prices fall since their peak. With inventory increasing and low sales, housing price growth may slow down even more in the future.

How to read a stock chart

Concepts of Finance 🧠 • 119 implied HN points • 14 Feb 23
💰 Finance Investing Stock Market Financial Analysis Market Trends Equities
  1. Stock charts show how a company's stock performs over time. You can see if the price is going up, down, or staying the same.
  2. Important parts of a stock chart are the price, high/low for the day, and market cap. These help you understand how the stock is doing right now and in the past.
  3. You can set different timeframes to see how a stock has performed over days or even a year. This helps you get a better picture of its trends.

FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores

CalculatedRisk Newsletter • 28 implied HN points • 30 Jun 25
💰 Finance Mortgage Rates Credit Scores Housing Market Economic Trends
  1. Mortgage rates have dropped significantly since early 2020, with many loans under 4%. This makes it tough for homeowners to sell because they would face higher payments on new homes.
  2. More homes with loans over 6% are appearing in the market, indicating changes in mortgage dynamics since the peak of low rates in 2022.
  3. The average mortgage rate, along with borrowers' credit scores and loan-to-value ratios, is crucial in understanding the current mortgage landscape.

The Smallest Bank in Tennessee Grew Fast With BaaS. Why It May Give The Entire Industry A Hangover.

Fintech Business Weekly • 267 implied HN points • 27 Aug 23
💰 Finance Banking Fintech Regulation Partnerships Deposits
  1. The smallest bank in Tennessee saw significant growth by leveraging BaaS partnerships, but this rapid expansion may raise concerns about the bank's ability to manage increased complexity.
  2. The Herrington family behind Lineage Bank has a history of running banks, facing challenges and controversies in their previous ventures.
  3. Synapse, a key BaaS partner of Lineage Bank, has faced regulatory scrutiny and may be pressuring Lineage to approve more programs, highlighting risks in complex financial partnerships.

Fundamentals: compound interest explained

Concepts of Finance 🧠 • 119 implied HN points • 13 Feb 23
💰 Finance Investing Savings Banking Personal Finance
  1. Compound interest lets you earn interest on both your original savings and the interest you've already earned. It's like a snowball getting bigger as it rolls down a hill.
  2. The longer you keep money in a compound interest account, the more you'll earn. This means that starting early can lead to much bigger savings over time.
  3. You can find compound interest rates from banks, credit unions, or online calculators. Knowing these rates can help you make better decisions about saving and investing.

California Home Sales Down Year-over-year for 4th Straight Month

CalculatedRisk Newsletter • 19 implied HN points • 20 Aug 25
💰 Finance Real Estate Market Trends Economic Indicators Housing Inventory
  1. California home sales have dropped for the fourth month in a row, going down by 4.1% compared to last year. This shows a clear slowdown in the housing market.
  2. The median home price in California also fell for the third month straight, reaching a low of $884,050. This drop is unusual for this time of year and suggests that fewer people are buying homes.
  3. Active listings of homes for sale are at a 69-month high, increasing by 37.7% from a year ago. However, the rate of new listings is slowing down, which could indicate a shift in the market.

Subprime, bank runs, and the Global Financial Crisis

Erdmann Housing Tracker • 210 implied HN points • 26 Dec 23
💰 Finance Economics Financial Markets Policy Housing Crisis Regulation
  1. The private securitization market dominated housing finance from 2004 to 2007 before collapsing.
  2. The Great Recession didn't follow the expected pattern in Atlanta, with unique housing price changes.
  3. The Global Financial Crisis was self-imposed due to a retraction in money and credit, not the predicted factors.

How do equity analysts write a report?

Klement on Investing • 6 implied HN points • 25 Nov 25
💰 Finance Equity Research Valuation Methods Financial Modeling Market Analysis Risk Factors Behavioral Finance Regional Markets
  1. Analysts focus on a few key drivers of company performance and change those priorities as the macro environment changes. For example, during inflation they paid more attention to supply-chain disruptions and rising costs.
  2. Valuation methods vary by region and shape what analysts look at: multiples (especially P/E) dominate in North America and Asia while DCFs are more common elsewhere, and multiples push analysts to stress customers, pricing and margins while DCFs push them to stress macro risk and investment activity.
  3. Relying on a single valuation method creates biased attention and mispricing — analysts using multiples tend to overreact to firm-level drivers and underreact to macro factors — so blending multiple valuation approaches gives a more balanced view and can reveal investment opportunities.

Mining stocks could sync up with bitcoin rally soon?

Miner Weekly • 19 implied HN points • 07 Mar 24
💰 Finance Investing Market Analysis Regulation News Hardware and Infrastructure News Corporate News
  1. Bitcoin set an all-time high after more than 840 days, while mining stocks have lagged behind, presenting a history of this disconnect.
  2. Mining stocks mostly underperformed compared to bitcoin, with many still down over 60% from their highs in November 2021.
  3. Historical data shows that mining stocks have often trailed behind bitcoin's return to all-time highs, but when the full bull run returns, they have the potential to outperform.

The Relief And Horror That Renting Is More Financially Sound Than Buying

Good Reason • 199 implied HN points • 14 Jan 24
💰 Finance Housing Personal Finance Wealth Investing Real Estate
  1. Renting is now more financially sound than buying due to high mortgage rates and home prices.
  2. Renting may save money now, but high rents are still a burden on many, making it hard to save for a home in the future.
  3. The current housing situation reflects negatively on society, with both buying and renting becoming expensive options.

What happens if we apply KCOR to financial markets?

Steve Kirsch's newsletter • 2 implied HN points • 11 Jan 26
💰 Finance Portfolio Management Risk management Asset management
  1. A fully algorithmic, long-only U.S. large-cap equity strategy was derived from the KCOR framework and designed for low turnover, no leverage, and tax efficiency with only two tunable parameters.
  2. A 2000–2025 hypothetical backtest shows very large compounded returns and final equity growth, but it also involved extreme volatility, deep drawdowns, and the results are unaudited and not guaranteed.
  3. Live trading began with preliminary gains but the track record is short, the strategy remains high-risk and may underperform, and any investment interest is being directed to accredited or qualified investors only.

Daily Chartbook #381

Daily Chartbook • 183 implied HN points • 14 Feb 24
💰 Finance Investing
  1. Daily Chartbook offers a daily summary of the day's events in 30 charts for paid subscribers.
  2. The content in the Daily Chartbook post is only accessible to paid subscribers.
  3. To access the full content and subscribe to Daily Chartbook, users can follow the provided link.

3rd Look at Local Housing Markets in January

CalculatedRisk Newsletter • 57 implied HN points • 14 Feb 25
💰 Finance Housing Markets Real Estate Market Trends Sales Data Economic Indicators
  1. The National Association of Realtors will report on January home sales, which are expected to decrease. People are anticipating a drop from December's sales figures.
  2. In January 2024, home sales were reported at around 4.00 million, showing a trend in sales that people are keeping an eye on.
  3. Data comparisons from January 2019 will also be included, helping to understand how the market has changed over time.

What I Bought During Powell's Press Conference Crash

QTR’s Fringe Finance • 22 implied HN points • 30 Jul 25
💰 Finance Economics Investing Market Trends Federal Reserve Financial Analysis
  1. The Federal Reserve's press conference can cause sudden market changes. When prices drop, it's seen as a good buying opportunity.
  2. Investors often take advantage of these drops to buy assets at lower prices.
  3. Understanding market reactions to events like press conferences is important for making smart investment decisions.

New Home Sales Decrease to 623,000 Annual Rate in May

CalculatedRisk Newsletter • 28 implied HN points • 25 Jun 25
💰 Finance Real Estate Market Trends Housing Data Economic Indicators
  1. New home sales in May 2025 dropped to an annual rate of 623,000, which is lower than previous months and last year.
  2. There is an increase in the supply of new homes available, with nearly 10 months' worth of inventory on the market, which is much higher than normal.
  3. The prices of new homes have decreased, with a 7% drop from the peak, partly due to a change in the types of homes being sold.

NAR: Existing-Home Sales Decreased to 3.93 million SAAR in June; Unchanged YoY

CalculatedRisk Newsletter • 23 implied HN points • 23 Jul 25
💰 Finance Real Estate Market Trends Sales Data Housing Inventory Economic Reports
  1. Existing-home sales dropped by 2.7% in June, totaling 3.93 million sales at an annual rate. This marks five months where sales have not increased compared to the previous year.
  2. The inventory of unsold homes fell slightly, but it increased by 15.9% from last year. This suggests that while there are more homes available now, it hasn't translated into more sales.
  3. Median home prices went up by 2.0% compared to last year, indicating that while sales may be slowing, the prices for available homes are still climbing.

Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low

CalculatedRisk Newsletter • 57 implied HN points • 13 Feb 25
💰 Finance Investments Banking Mortgages Debt Economics
  1. Mortgage originations are showing different credit scores now compared to the bubble years from 2003 to 2006. This means people with lower credit scores are getting mortgages now.
  2. Delinquencies on mortgages are increasing, which means more people are having trouble making their payments on time.
  3. Foreclosures are still low, which is good news as it suggests that despite the rising delinquencies, people are not losing their homes at a high rate.

The Fear Over Tariffs

Spilled Coffee • 60 implied HN points • 05 Feb 25
💰 Finance Trade policy Tariffs Inflation Market Impact Economic Growth
  1. Tariffs can cause prices to rise for consumers, leading to inflation. This means things might get more expensive for everyone.
  2. The ongoing tariffs can create uncertainty in the stock market and economy. Businesses are worried about how these changes could impact their profits.
  3. Monitoring tariffs is important for investors and business owners. They need to stay updated because tariffs affect many products and can cause market fluctuations.

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.