In terms of daily pure business news-type newsletters, I like Seeking Alpha's Wall Street Breakfast (thorough but super dry), Quartz's Daily Brief (mostly business news but some random stuff included), and Morning Brew Daily (like theSkimm except for business news - aimed more at students, but more easily readable).

For more in-depth weekly summaries/analysis, I like Wall Street Week and 361 Capital Weekly Research Briefing. I think reading all these will give you a good sense of what's going on in the business world without too much of a time commitment, although ultimately nothing beats actually reading the WSJ, FT, etc. on a daily basis.

 

control the volume of what you read, you will be trying to sip through a firehose as you start at your bank, but you need to cut out all of the crap and find out what you need to know. what helped me do this is start printing everything off on Friday (or bookmarking if you're green & don't want to print), when we're usually slower, read it on the weekend, and if there was anything I said "I could really do without that" I'd set a reminder to unsubscribe to it by Monday.

In my mind, you need 1-2 sources for everything, nothing more. (WSJ/FT for daily news, firm + Zacks for earnings, etc.)

also, make sure you read in an environment conducive to concentration, it's damn near impossible for me to focus on municipal bonds if Seinfeld is on, just an example. get in a place where you can 100% focus on what you're reading. for me, this is my couch or recliner, with no other sounds. for some, it may be in bed, but find your spot and you'll be amazed at what you retain. you might not be able to recite it right after the fact, but you'll recall details later on in other conversations and think "whoa."

I don't recommend re-reading a lot of stuff unless it's critically important for an upcoming meeting or investment decision, with the exception of Howard Marks.

 

That makes a lot of sense. I subscribed to a few blogs in addition to the WSJ and I get research from within the bank that I read. Of the blogs frequently mentioned on this site, which would you suggest for someone just starting out and trying to learn the basics and build from there? I'm fairly well versed in macroeconomic trends in emerging markets in Asia for instance but I struggle with understanding a company's finances, positioning a company, how to think about a prospective company and such. I'm trying to learn as much as I can in the context of helping me to do my job as an IB analyst. Once I get the hang of those concepts, I'm sure I'll branch out more to understand other concepts.

 

I personally like 361 capital's weekly research briefing, it's sent out Monday nights. JPM AM does a one pager on Monday mornings that they share on their linkedin page that's basic review of prior week and ytd.

Leuthold Weeden does a quarterly book they call their green book that is interesting and they send info here and there when interesting things happen. I like Doug Ramsey, sharp guy.

 

I used to read the gartman letter, very good I like reading the top headlines on bloomberg yra harris' blog, search on google...(large trader from the merc)

I like hearing about the top stories and seeing how the market digests them, thats where I get most of my kicks

 
NorthEastIdiot:
James Cramer.

lmao

What are the best free resources for market commentary?

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
rothyman:
Peter Schiff is a little extreme for me although he does look like a genius at the moment.. he's right about a lot of things but you'll never get any stock recommendations from him really. Just bearish outlooks on our economy.

yeah, Schiff is definitely not one for stock recommendations. Only thing I ever hear him recommend is the Europac precious metal fund. I just think he has a very realistic look on macroeconomics. I like how he looks at governments like companies and analyzes them in such respect.

One of my best trades this year was from an idea I generated from listening to Schiff. (I basically did FX with all my spare USD and held it in other currencies of countries with healthy balance sheets, a few of which recently hit record highs against the USD).

 

Thinking someone else knows the market better than you is ridiculous, because they don't. On top of that, relying on advice and summaries from people who don't actually trade is just stupid. If you need a summary from someone else your not really watching the market.

 

Well. I'm not certain as to why you wouldn't read newspapers as those generally contain exactly the amount of information you are looking for. You can 'read' the WSJ in about 15 to 20 minutes, and generally a lot faster.

Here's what I do: I use twitter. I've said it about 29 times on here but I think that is the best way to quickly aggregate news that is relevant. Go on there and start following financial sources (Bloomberg, WSJ, FT, etc.) then start following who they follow and so on. I also follow a bunch of financial bloggers because they tend to provide some decent color and further aggregate information and cool stories to read. Go to sites like dealbreaker, bloomberg, the pragmatic capitalist, zerohedge ( in fact, although their view is skewed, they do a pretty good job of aggregating the top stories every morning) etc.

Read and watch everything, that's my advice. At this point you should consider nothing fluff, just data points for you to consider against one another. In short order you'll figure out what is and isn't worth your time.

 

Thankyou Addinator & thebrofessor just what I needed. I will check out those site and bloggers as for Lou no need to be ass..... not my fault you find it fun to be sarcastic to people looking for help.....find something positive to do with your spare time you might actually like it.

As long as I am doing better then I am feeling and I do it to prove them wrong.
 

My morning walk to work sees me working through a series of 5-10 emails that have arrived overnight:

  • Daily Dealbook email update
  • Mergermarket daily email update (both a general email and a customised email specific to my product and sector specialisation)
  • Industry-specific email updates from industry-specific news service subscriptions

I then scan the papers and my shop's inhouse overnight market update when I get in to the office.

Hope this gives you some suggestions

BHB

 
Anthony .:
Good suggestions guys. I get a pretty big newsletter from Bloomberg daily that I like to read.

Link?

__________________________ if you ain't first, you last
 

i subscribe to the journal and have those updates.

i leave dealbook and wsj open on my internet explorer in separate tabs and read articles periodically throughout the day.

also, i get into the habit of looking for articles particularly important to my deal team and email them out..(i.e. news articles regarding recent oil and gas M&A and the different sources for financing). getting those thank you emails from the VP/MDs keeps me motivated to keep reading the news.

i used to read the paper WSJ on my commute in the morning and at night, nowadays i read on my phone if i can stay awake long enough in the ride home.

------------ I'm making it up as I go along.
 

Twitter. I follow pretty much every major financial news source. Most of them will tweet when they post new articles.

In addition, I read market commentaries by D. Gartman, D. Rosenburg and A. Cashin.

looking for that pick-me-up to power through an all-nighter?
 

http://setup1.wsj.com/pznsetup/sub/email/setup.html

I'm not sure if it works if you're not a WSJ subscriber, but under "My Online Journal" they have an option to subscribe to news by email. Choose "The Evening Wrap" and you'll get wrap-up at around 5:30PM every night via email.

http://www.smartbrief.com/sifma/

This is from SIFMA. It's sent out every morning with an overview of the previous day's events from all of the major news sources. I like it so that I could get a quick 1min overview in case I didn't have time to skim the WSJ

 

I have a lot of blogs on my feed, but here are a few meaningful ones the top of my head in no particular order:

FT Alphaville, Gavyn Davies and Beyond Brics Statistical Trader - former Morgan Stanley PDT quant Macro Man AuTraSy Systematic Investor

While most of those blogs aren't focused on companies, they would be of help to those interested in quant or macro.

 

The ReformedBroker Dealbreaker (for shits and giggles) DealJournal (WSJ blog) ZeroHedge (for the contrarian take) Free Exchange (The Economist blog)

"When I was young I thought that money was the most important thing in life; now that I am old I know that it is." - Oscar Wilde "Seriously, psychology is for those with two x chromosomes." - RagnarDanneskjold
 

I know these 'what are you reading?' posts come around every now and then, and rather than start a new thread, I'll bump this one.

On a daily basis, I go to The Big Picture and Naked Capitalism, primarily for the links. Of course, the Bonus Bananas here on WSO are also a frequent read.

What other sites are linking to great articles? Are there any good new blogs on the scene?

 

I like DealBreaker, it's like the thesuperficial of finance news. i.e. not that insightful, but entertaining and addictive.

A new one I've recently started reading is DealMaker.com (no relation). too early for me to really judge, but so far so good.

If you are interested in PE (and what banker isn't these days?), sign up for PE Week's daily newsletter and read the intro paragraph of the newsletter every morning. In 5 minutes per day you will know everything you need to know about the big picture of whatever is happening in PE at the moment. Highly recommended.


"When I get sad, I stop being sad and be awesome instead."

 

Bloomberg Subscription are very expensive where we new traders can't afford at this point in time, however its really great to know that you are an expert in the Equity Trading and would be keen to get connected with you.

 

All of the major news sources (WSJ, Reuters, Bloomberg, FT) have twitters that you can follow. But who you follow is rather intuitive based on your interests. Additionally, if you have an interest in a sector like bio tech there are a lot of Twitters that only give out news related to that sector. There are a TON of day traders that use Twitter to post their trades as well if your looking for some ideas. @Theback9 is a former prop trader/hedge analyst who posts some good pieces. @readerfinance is good for news, often posts quicker than the latter news sources mentioned. @zerohedge is the website we all know and love.

Get Tweet Deck which aggregates all of your accounts. It runs off of Adobe Air and has a small box that is on top of all of your windows that constantly displays your Twitter stream. It is great to just have open all the time so you are always on top of news that is breaking.

It is an amazing supplement to getting information but it is only 140 characters deep. Still keep to blogs for more

dum vivimus vivamus
 

Nice name College bro, Here's a way to get around not having a subscription. Go to WSJ.com, when you see an article you want to take a look at, copy paste the title in a Google search and you'll be able to read the article.

Fear is the greatest motivator. Motivation is what it takes to find profit.
 
shark-monkey:
Nice name College bro, Here's a way to get around not having a subscription. Go to WSJ.com, when you see an article you want to take a look at, copy paste the title in a Google search and you'll be able to read the article.

Thank you. I've heard of this method to get around the subscription and use it every once in a while, but I'd really like to find a more efficient way to get the news e.g. an agglomeration of news sources and articles such as google news etc. but don't know which sources to follow on these.

I'll check out the bloomberg app, thanks for that.

 

Blogs for some specialized information relating to sectors/investment styles/etc. but they're pretty bad for a general overview, another thing that I used to do was subscribe to WSJ Updates and customized that to my email so I would just get headlines.

 

for efficiency use an RSS reader Google has one thats very easy to set up you just have to decide what you want to follow.

if you don't want to do that, then I think Bloomberg's generally pretty solid (and free)

 

just get into like you would any other activity. At first things will be awkward (1. causing difficulty; hard to do or deal with., 3. not smooth or graceful; ungainly.) but without realizing it you'll gain a strong understanding of the activity/subject you're partaking in given time and effort. This week I'll be, for the first time, beginning the journey of indulging in financial news consistently myself.

 

I read the economist, but most of my news comes from the WSO weekly wrap up or whatever its called. I also poke around on some finance blogs and also read FT / WSJ. Just not all of it, I don't have enough time in a week to do that.

 

Besides the stuff already mentioned above:

I personally really like Quartz (qz.com) for pieces on interesting/relevant business and finance topics. Very nice format and very digestible for quick reads (unlike the economist at times).

I would also sign up for daily email alerts which give a run down of the most important headlines (e.g. Seeking Alpha's "Wall Street Breakfast", Dealbook's daily brief, Quartz's daily brief, etc.)

Podcasts are also handy (I'm a fan of the economist podcasts) in certain situations (e.g. commuting on busy trains, walking around etc)

 

The Wall Street Journal, New York Times, The Guardian, The Economist, and BBC are all good sources. Stay away from Fox News and CNN. Personally, I just use my computer to look up the news every morning.

 

Not necessarily controversial, but The Epicurean Dealmaker is probably the best blog I've ever read.

"Dude, not trying to be a dick here, but your shop looks like a frontrunner for the cover of Better Boilerrooms & Chophouses or Bucketshop Quarterly." -Uncle Eddie
 

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"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

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