Take the other side of the trade with The Daily Dirtnap’s unconventional take on the markets, investor sentiment, and macro forces.
Traders, hedge fund managers, financial advisors, and other market participants depend on Jared Dillian’s The Daily Dirtnap for quick, fresh market insights.
Around 225 days a year, Jared sends readers his latest take on what’s moving the markets. The Daily Dirtnap is a short but profound read to start your day with: from Jared’s contrarian calls, to his keen analysis of developing macro trends, to his insights into investors’ animal spirits.
The Daily Dirtnap gives you a close-up, creative take on the markets.
As Anthony Greer, former managing director of equity sales at Imperial Capital, put it, “If you can’t make money with this thing, then you’re holding it upside down.”
The Daily Dirtnap began as a letter strictly for traders and clients during Jared’s time as head of the ETF trading desk at Lehman Brothers. In 2008, he left the firm to publish his newsletter full-time.
The Daily Dirtnap is fueled by Jared’s experience on the trading floor, where he touched every sector: commodities, currencies, equities, interest rates, and even credit.
Add in Jared’s irreverent writing style and fearless approach to making contrarian calls, and it becomes clear that The Daily Dirtnap is a newsletter unlike any other on the market.
If you want to challenge your thinking on indices, ETFs, liquidity, currencies, macro, market psychology, and more... if your clients’ investments (or your own) would benefit from the insights of one of the sharpest, most agile thinkers in the industry... if you want to get a deeper understanding into how emotional decision-making can direct the markets... then The Daily Dirtnap is for you.
What you will get with The Daily Dirtnap
Discerning topics for discerning readers: The Daily Dirtnap is designed for financial professionals and self-directed, active investors, not the casual retail investor.
Intellectual flexibility: Dogmatic trading usually leads to disaster. The Daily Dirtnap helps subscribers confront their own biases and adjust accordingly.
Qualitative analysis: Quantitative analysis is everywhere, but good qualitative analysts are rare. Jared is unafraid to make big contrarian calls based on his experience and insight into investor psychology.
Daily entertainment: As Jared says, “My goal is to make my commentary a joy to read, in addition to being super-smart and timely as hell.”
What you will not get with The Daily Dirtnap
A news service: “I am not a news hound,” says Jared. “If you want news, you can subscribe to the FT or the Wall Street Journal or something like that. You are paying for analysis.”
Hand-holding: The Daily Dirtnap is not suitable for novice investors who need detailed advice on what and when to buy and sell. It provides big-picture thinking and Jared’s trade ideas that you can run with on your own.
“I’ve been reading Jared’s work for some years now, and rarely a day goes by without him making me stop and think. In The Daily Dirtnap he produces some of the most sharp-witted and wise market analysis you will find anywhere. It’s also that extremely rare animal—a letter that manages to overflow with insights while being hugely entertaining.
Dirtnap is bold, daring, and contrarian. It’s refreshing to see Jared’s high-conviction approach to his own portfolio. If Jared believes in a trade, he goes all in (a lesson he says he learned from Stan Druckenmiller). If you’re looking for a letter that’s unlike anything else on the market, you’ll be richly rewarded with ideas, insights, and variant perceptions for your dollar.”
"Jared Dillian, an excellent former trader with a strongly contrarian bias, provides entertaining and thought-provoking comments on investment markets. I religiously read his comments and they always stimulate my thinking.”
—M.F., investment advisor and fund manager
"Jared does a very effective job of highlighting markets and assets that move well out of line with their underlying fundamentals, utilizing a quirky, self-deprecating writing style. He is thought-provoking and challenges your views, and is always entertaining."
— J.J., portfolio manager
"The Dr. House of trading.”
—K.L., financial advisor
"His insight into market psychology is matched only by his wit. He’s a voice worth listening to for any serious student of the markets.”
— M.P., portfolio manager
“People say that $600 seems like a lot for a newsletter but it is nothing compared to the value of just one piece of data, or one idea. In my case it was just one offhand remark—so [The Daily Dirtnap] is worth it already.
I don't subscribe to a newsletter for stock tips but for professional opinions on the markets and their direction from someone who has actually traded them. Don’t tell me what to do, instead tell me how to think about trades in the context of all of the external influences. In reading other newsletters the advice for getting into a trade is frequent but we don’t usually see any information about exits. I look for advice on trends and the big picture from guys like [Jared].”
—P.V.H, retail investor
If you are not 100% satisfied, simply cancel any time within 90 days and get a full refund. Your satisfaction is our primary concern.