BlackBull Research

Billions Without the Thrillions

I’ve got a bone to pick: this must be the least fun bull market in history. Markets are ripping and yet the whole thing feels strangely joyless. There’s…

Nov 17 • 

BlackBull Research

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REE: The World’s Grubby Green Secret

When I was younger, we used to refer to ‘rare’ as something seldom found.

Nov 3 • 

BlackBull Research

October 2025

When Trust Turns to Metal

For decades, the gold market has moved under quiet constraint. Historically, rallies would pull back before they became significant. A kind of invisible…

Oct 29 • 

BlackBull Research

1

The Circle of L(AI)f

In 2025, AI-linked firms have been responsible for roughly 80% of total gains in US equities. That level of concentration hasn’t been seen since the…

Oct 14 • 

BlackBull Research

, 

Marcel

, and 

thenuk

1

September 2025

Outliers aren’t the rule — but the illusion is

Divide. A word that can be used to describe a lot at the moment.

Sep 22 • 

BlackBull Research

4

The challenge of market timing: missing the best days cuts returns in half

History shows corrections rarely arrive from a single cause, and missing the best market days often proves more costly than downturns themselves.

Sep 11 • 

BlackBull Research

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May 2025

Memo #8: The one busy shop not in the mall; why Brown-Forman is still good

May 12

Why is a shiny block of metal so popular?

Why I prefer equities all day every day

May 8 • 

BlackBull Research

1

April 2025

Auto loans are bad; but earnings are good

The state of the US right now

Apr 30 • 

BlackBull Research

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Have you heard the one about the oil prospector...

Or: what I've been thinking about this weekend

Apr 21 • 

BlackBull Research

2

Memo #1: LVMH, Champagne problems, and Coachella

Apr 15

Tariffs, but like a supermarket

Why you shouldn't panic

Apr 8 • 

BlackBull Research

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