The Zeitgeist

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Epsilon Theory runs the world's financial news through natural language processing-based cluster analysis to identify the most on-Narrative stories. We scan for those with the most similarity to all other stories as well as those with the most interconnectivity to multiple different key topics.

The Zeitgeist – 3.21.2019

By Ben Hunt | March 21, 2019 | 0 Comments

“It’s a trap!” This and other evergreen memes of Fiat News, yours for the plucking in today’s Zeitgeist.

It’s not impossible for market volatility to spike massively through some deflationary shock to the financial system like a global recession or a China-driven credit crisis or an Italy-driven euro crisis. What’s impossible is TO GET PAID for taking out an insurance policy against volatility spikes from these deflationary shocks.

The Zeitgeist – 3.20.2019

By Ben Hunt | March 20, 2019 | 4 Comments

Jay Powell channels Arthur Burns, a Fed model for congressional budget debates, and a smorgasbord of Boeing bagholder quotes. All in a day’s work for the Zeitgeist!

The Zeitgeist – 3.19.2019

By Rusty Guinn | March 19, 2019 | 6 Comments

Today’s Zeitgeist is about tweet nudges, massive law partner payouts, a big reason for massive law partner payouts, your closet, the people who want to sell you…rope, and more.

The Zeitgeist – 3.18.2019

By Ben Hunt | March 18, 2019 | 1 Comment

The Lyft IPO prospectus is out today, so we’re sure to hear plenty of dueling banjos in financial media over the next few weeks and months. It was a fun vacation for Burt Reynolds and the boys at the start of that movie.

Also, more on ESG and other myths in today’s Zeitgeist.

The Zeitgeist Weekend Edition – 3.16.2019

By Rusty Guinn | March 16, 2019 | 5 Comments

First it’s a healthy reminder of the narrative strength of health care costs. Then it’s a brief education on the narratives of elite universities.

But mostly it’s Fiat News. Lots and lots of Fiat News.

The Zeitgeist – 3.15.2019

By Ben Hunt | March 15, 2019 | 4 Comments

Uncle Wilbur’s MNPI trades on his personal account may get a pass, but that darn census will be the ruin of him.

Also, announcing VaxDirectClub … the safe and cost-effective way to administer your kids’ immunizations from the convenience of your own home!

The Zeitgeist – 3.14.2019

By Ben Hunt | March 14, 2019 | 15 Comments

TFW a Chinese “social video and online dating specialist” called Momo just isn’t momentum-y enough for you, but the Raccoon tandem of Fox Business and Motley Fool is there to help you out with “even better buys”.

Plus the Stanford shadow economy for profs, the War against Big Everything, and all the Fiat News that’s fit to read.

The Zeitgeist – 3.13.2019

By Rusty Guinn | March 13, 2019 | 6 Comments

Honestly, you could replace 90% of the daily news with a collection of Mitch Hedberg one-liners.

“People either love me or hate me … or they think I’m okay.”

Our modern addiction? Fiat News.

The Zeitgeist – 3.12.2019

By Rusty Guinn | March 12, 2019 | 0 Comments

Today’s Zeitgeist is about winning when we’re losing, the polarizing power of hyperbole, more on SRI/ESG, a wonderful specimen of the Mad Creditor Letter and a less-wonderful specimen of the Obligatory Press Release.

The Zeitgeist – 3.11.2019

By Rusty Guinn | March 11, 2019 | 0 Comments

Today’s Zeitgeist is about crashes on crashes, Nplpalooza 2019 and hunger-striking ruined property tycoons.

But mostly we celebrate the hedge fund industry’s effort to shake off last year’s challenges. From all of us, thank you for this gift of what we will just assume is uncorrelated alpha.

The Zeitgeist Weekend Edition – 3.9.2019

By Rusty Guinn | March 9, 2019 | 0 Comments

A Weekend Edition of the Zeitgeist, where we turn from financial markets to find the narratives and stories from the last week or so that were most connected to common narratives in culture and politics.

The Zeitgeist – 3.8.2019

By Rusty Guinn | March 8, 2019 | 5 Comments

Climate change! Secretive boards! A gazillion dollars! Boat Race Bank!

Wait…Boat Race Bank?

It’s the Zeitgeist on Epsilon Theory, where we all knew we were living in a world of Fiat News. We just needed to refocus on fundamentals.

The Zeitgeist – 3.7.2019

By Ben Hunt | March 7, 2019 | 1 Comment

Ladies and gentlemen, your narrative-world assault words du jour … “sponsored content”, “democratic justifications”, “fishing expeditions”, “diversification”, “value investing”, and “growth of $1”.

The ET Zeitgeist, because if you don’t know who the sucker is at the poker table … it’s you.

The Zeitgeist | 3.6.2019

By Ben Hunt | March 6, 2019 | 6 Comments

Kashkari on Brexit, Cramer on Tesla, Breitbart on China, and “shorting unethical stocks” … all in a day’s work for The Zeitgeist!

Every morning, we run The Narrative Machine on the past 24 hours worth of financial media to find the articles that are representative of some sort of chord that has been struck in Narrative-world. They’re not the best articles – often far from it – but they will arm you for the Narrative wars of the day ahead.

The Zeitgeist | 3.5.2019

By Ben Hunt | March 5, 2019 | 5 Comments

Fiat News and narrative construction galore in today’s set of the most on-narrative financial media articles.

What links them all? Dopamine is a helluva drug.

The Zeitgeist | 3.4.2019

By Ben Hunt | March 4, 2019 | 1 Comment

The new Zeitgeist is here! Now with all the snippets and twice the snark.

Every morning, we run the Narrative Machine on the past 24 hours worth of financial media to find the articles that are representative of some sort of chord that has been struck in Narrative-world. They’re not the best articles – often far from it – but they will arm you for the Narrative wars of the day ahead.

The Zeitgeist | 3.1.2019

By Rusty Guinn | March 1, 2019 | 0 Comments

BATs vs. FAANGs, trading against institutions, trading with institutions, why Americans buy cars and a shocking J.C. Penney news bulletin.

The Zeitgeist | 2.28.2019

By Rusty Guinn | February 28, 2019 | 0 Comments

Lots of Blockchain, UK house prices subdued, trade talks weigh, idol worship perilous, a rich kid buys gold and why Nintendo goes back to Pokemon.

The Zeitgeist | 2.27.2019

By Rusty Guinn | February 27, 2019 | 0 Comments

A World Full of Elons, the unrevolutionary foldable era, the fastest strike in history and more arbitrary causal links in financial media.

The Zeitgeist | 2.26.2019

By Rusty Guinn | February 26, 2019 | 0 Comments

Markets ‘seek clarity’ on China/US trade, fire engine manufacturers, drug price hearings, and lowball hostile bids.