Newsletter
One piece a week on what is actually moving markets and the economy, and what it means for stocks.
About this newsletter
Each issue takes one thing that is moving markets or the economy, works out what is actually going on, and what it means for stocks. One piece, written from what I have been reading and working through that week, not a list of headlines.
Members get every issue in full, the archive and audio narration. Free readers get the preview.
Who writes this
I'm the founder of DC Economics. I have a technical background, I read widely, and I have spent more than a decade building my own tools for analysing markets; the newsletter is where I write up what I'm learning and how it bears on stocks.
Independent, written by me, and not investment advice.
Showing 4 of 4 issues
#04: Copper, Curves and a Crowded Trade
COT data shows the copper long is now the most crowded commodity trade of the year: what positioning extremes have meant historically, and how we are reading the week ahead.
#03: The Long End Won't Behave
The 30-year is telling a different story to the Fed: term premium, supply indigestion, and what a steepening curve has historically meant for equity valuations.
#02: Earnings Season Opens with a Squeeze
Banks kick off Q2 earnings into the most crowded short base since 2024, plus narrowing breadth, positioning, and three conviction-score movers for the watchlist.
#01: The Cut That Wasn't
Markets walked into July priced for a cut and walked out repricing the whole curve: what the hot inflation print means for equity multiples, and where our conviction scores rotated.