All visible Index 100 only On Bestsellers today On Rising today New on either today Gone today Emerging

Writers outside the MarketStack Index — smaller, less established — surfaced because the durably-paid Index 100 vouch for them. Each endorsement is weighted by the credibility of the recommender: a recommendation from MarketStack Index #1 contributes a full point; from #100, almost nothing. Authority flows along the recommendation graph. This is the second of MarketStack’s two complementary credibility lenses. The MarketStack Index measures who readers pay for, durably. The Recommendation Index measures who those proven writers vouch for.

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* Subscriber count is an estimate based on follower count. Exact subscriber numbers are not publicly disclosed by Substack.

Picks Options Macro Proxies Macro Views Flags Author View Grey Rabbit

All directions Long only Short only All confidence Explicit only Implied only Status Open only Closed only Just initiated Sort: Best return Sort: Worst return Sort: Newest Sort: Oldest Sort: By writer

These are option positions extracted from writer commentary. We do not track strike prices, expiry dates, or premiums paid — only the directional stance the writer took. The Underlying Move column shows how the equity moved since the position was opened, colour-coded by the writer’s outcome: green when the underlying moved in the writer’s direction (bullish stance + price up, or bearish stance + price down), red when it moved against them. This is a directional signal, not actual option P/L — real option returns depend on strike, expiry, and premium paid and may differ significantly.

All strategies Long calls Short calls Long puts Short puts Directional spreads Vol structures All stances Bullish Bearish All statuses Open only Closed only Sort: Best underlying move Sort: Worst underlying move Sort: Newest Sort: Oldest Sort: Writer A-Z

When a writer expresses a directional view on a theme rather than a specific company (gold, uranium, oil, copper, Korean equities, etc.), we price the view against its most representative ETF proxy. The substitution is shown in each row as $THEME → $PROXY. Common mappings: uranium → URA, gold → GLD, silver → SLV, copper → CPER, oil → USO, platinum → PPLT, S.Korea → EWY, Chinese tech → KWEB, long bonds → TLT.

All directions Long only Short only All confidence Explicit only Implied only Sort: Best return Sort: Worst return Sort: Newest Sort: Oldest Sort: By writer

Directional views on themes, currencies, indices, or instruments with no clean public proxy for pricing — for example specific futures contracts (SOFR, 2s10s), regional currencies (CHF/JPY), foreign indices (NVO.B, LIFCO-B), or thematic terms with no representative ETF. We log the writer’s view, the date, the source, and the evidence quote, but no return is computed.

All directions Long only Short only All confidence Explicit only Implied only Sort: Newest Sort: Oldest Sort: By writer Sort: By theme

Extractions where the source language doesn’t quite read as a current position — watchlist mentions, tentative earnings-related plans, or commentary about other people’s positions. Surfaced separately so the main tabs only reflect real, current positions. No returns are tracked for items in this tab.

All flag types Watchlist Earnings tentative Commentary

Signals surface authors showing statistically unusual activity on the Rising list — updated each time the daily data is refreshed. Each signal is scored across five cross-referenced dimensions. Multiple signals compound to determine signal rank. A single large spike from an unknown author scores lower than a moderate spike from a consistently tracked voice. The MarketStack Index rank acts as a credibility weight.

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