📈 TKer by Sam Ro
The stock market usually goes up. News, data, and insights without the noise. For long-term investors with limited free time.
- Top in Finance
- #88
- Paid leaderboard
- #186
- Subscribers
- 36K
- Paid subscribers
- 100+ paid
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- Bestseller 100
- Followers
- 57K
- Paid plan
- $19/mo
- Recommends
- 22
- Podcast
- Yes
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Growth history
Subscribers (thousands, nightly)
35K on Sep 10, 2026 → 36K on Sep 30, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #88 today · #90 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 21 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 17%
- Best rank seen
- #88
- Rank, 7 days
- +2 places
- Subscribers added
- +1.0K
- Followers added
- +650
- Posts
- 8
- Reactions per post
- 33
- Reactions tracked
- 553
of 525 ranked finance newsletters
on Sep 30, 2026
since tracking began
since tracking began
last 30 days
average, recent posts
across 17 posts
Most-reacted post we have seen: 4 cynical things I think that are arguably bullish for stocks😞 — 62 reactions on Jul 26, 2026.
Recent posts
- The AI earnings headwind and accounting headache that’s set to intensify 🌬️
Is the massive and growing investment in AI infrastructure worth it? It’s a loaded question that yields different answers — depending on who you ask. One of the sloppier answers I often hear goes something like this: “Every quarter, mega-cap tech companies announce new huge investments in AI. But even after spending all that money, they’ve been reporting huge quarterly profits.” This view isn’t technically wrong, but it obfuscates how companies account for the investments in their financial statements. While it is true that companies are spending massive amounts of cash on AI (as reported on…
- A timely stock market lesson from the 1960s 📖
The world has changed in many ways over the years. This includes the makeup of the stock market and the macro environment in which its underlying companies operate. One thing that hasn’t changed is the principle that stocks are tied to fundamentals. More specifically, earnings drive stock prices . That helps explain why the stock market is up this year, despite a heated geopolitical backdrop . And history offers plenty of examples of this dynamic.
- ‘Exposure therapy’ for investors 🕷️
The stock market falls almost every other day . Often, you’ll see the market slide a percent or two in a given week. Sometimes, those modest declines turn into 5% pullbacks . Occasionally, those pullbacks will morph into a 10% correction. And suddenly you’re rattled, and you’re once again wondering if this is the beginning of a bear market or market crash. After all, all of history’s worst downturns by definition started as 10% declines. If you think harder about it, they all began as 1% declines before that. For the uninitiated or the forgetful, this is where you can make a mistake, like…
- Most stock-picking pros have been underperforming this year's rollercoaster ride higher 🫤
(Source: SPDJI) It remains tough to generate stock market returns that beat (or outperform) a passively managed fund tracking the S&P 500. According to new data from S&P Dow Jones Indices (SPDJI), just a third of U.S. large-cap equity fund managers outperformed the S&P 500’s 10% gain in the first half of 2026. “Compared with recent years, active managers faced a more supportive market backdrop, characterized by broader participation and stronger performance outside the largest stocks,” SPDJI analysts led by Anu Ganti wrote . “In our largest and most closely watched comparison, 67% of all…
- Is a higher earnings bar really harder to clear? 📏
Ahead of quarterly earnings season, analysts have typically revised their earnings estimates lower . Why does that happen? The theory goes something like this : Analysts initially publish estimates that are a bit rosy, which is consistent with the fact that most stock ratings are “buy.” As the quarter progresses, reality almost always feels less robust as economic data, industry reports, and management comments trickle in. Perhaps executives are even guiding analysts in a way that lowers the bar. Then, to analysts’ “surprise,” most companies ultimately report quarterly earnings that beat…
- Why the interest rate ‘bark’ has been worse than its ‘bite’ 🐶
Broadly speaking, rising long-term interest rates are a headwind for borrowers, including most households, businesses, and governments. So then why hasn’t this year’s interest rate rally led to job cuts , weaker spending , and disappointing earnings ? Why is the S&P 500 down less than 3% from its all-time high? As we’ve been discussing, it’s more complicated than “higher interest rates are bad.”
- The first question to ask when someone tells you where stocks are headed 🙋🏻♂️
Things are a bit quiet today with U.S. stock markets closed for the Labor Day holiday. If you’re looking for something to pass the time, check out 12 stock market charts that caught my attention 📊📈 and 24 quick thoughts on the markets and the economy 📋. I also recommend reading Liz Ann Sonders’ compilation of investing quotes , which she reshared last week. One of the older quotes on her list explains simply why long-term investors sometimes make costly mistakes in the short-term. I found that it also explains why investors should be wary when a markets pundit goes on TV and predicts that…
- 12 stock market charts that caught my attention 📊📈
All things considered, it’s been a pretty good year for the stock market. Year to date, the S&P 500 is up over 11%. Meanwhile, the index has experienced an intra-year max drawdown of 9%, below the historical average of 14% . In other words, we’d have to get a pretty ugly market sell-off in the next four months for 2026 to go down as an average year — which is certainly possible and why investors should always keep their stock market seat belts fastened . As TKer’s 10 Truths remind us, while the long game is undefeated , a lot can go wrong — and right — in the short term. With that in mind…
- Is it bad when economic data gets revised down?🤔
Economic data is crucial because it informs decisions about policy, business, and investing. Unfortunately, much of the economic data we get regularly is based on surveys, which means it comes with a margin of error . And even after it’s published, the data is often revised as more information comes in. For example, the July new home sales report showed sales fell 10.5% during the month. But the Census Bureau also noted that the margin of error at the 90% confidence interval was ±14.0%, which means sales could have actually climbed by 3.5%. With the July jobs report , the Bureau of Labor…
- A note on the equity risk premium with help from TKer's newsletter archive 🔍
Long-term interest rates have been on the rise . The yield on the 30-year Treasury bond just hit its highest level since 2007 . When interest rates climb to multi-year highs, it means you’ll soon hear more market pundits pontificate about the equity risk premium (ERP), which can be roughly defined as the additional return investors expect from stocks relative to bonds.
- 24 quick thoughts on the markets and the economy 📋
🗓️ PROGRAMMING NOTE: TKer’s free Sunday newsletter will be on hiatus until Sept. 13 as we enjoy a few summer Fridays. Paid subscribers will continue to receive newsletters covering timely topics as they arise. - The economy is doing pretty well , earnings growth is great , and the stock market just set new all-time highs . In recent weeks and months, much of the major news we’ve gotten has been consistent with ongoing market narratives, which we’ve covered in this year’s free and paid newsletters. But I know we’re all busy, and most of us aren’t able to read through every newsletter. So for…
- The stock market may already be adjusting to a future with slower earnings growth 🤔
Earnings have been growing at a blistering pace . But it seems unlikely to last. According to FactSet , analysts expect the S&P 500’s 2026 earnings to reflect 30% growth from last year. This helps explain why the index is up 14% since the beginning of the year, following last year’s 16% rally and 2024’s 23% surge. Some people are worried about what could happen to stocks if and when the earnings growth rate cools. I think this is a legitimate concern since earnings are the most important long-term driver of stock prices. But I have two thoughts.
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: 📈 TKer by Sam Ro. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Sep 30, 2026.