BlackBull Research

Skin in the Game: What Polymarket and founder led firms understand about risk

While diplomats called for calm and analysts wrote about de-escalation, anonymous traders bet millions that the US would strike Iran. They were right…

Mar 9 • BlackBull Research

February 2026

GLP-1s: Who gains from weight loss?

First, we had amphetamines and cabbage soup.

Feb 16 • BlackBull Research

January 2026

Welcome back, the market didn’t behave

Happy New Year to our faithful readers, offered just within the statute of limitations for seasonal goodwill.

Jan 21 • Mark O'Donnell

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December 2025

The Polymarket effect: When sentiment outruns the spreadsheet

A headline that seems important on Monday morning can feel irrelevant by Monday afternoon.

Dec 8, 2025 • Mark O'Donnell

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November 2025

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, 2025 • 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, 2025 • 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, 2025 • BlackBull Research

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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, 2025 • BlackBull Research, Marcel, and thenuk

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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, 2025 • BlackBull Research

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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, 2025 • 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, 2025

Why is a shiny block of metal so popular?

Why I prefer equities all day every day

May 8, 2025 • BlackBull Research

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