In this edition of Macro Notes Weekly, we’re sharing several exciting announcements: the launch of Macro Notes Desk, our new Substack community chat; a special offer for newsletter sponsors; and a new benefit for our Premium members, including complimentary access to another Premium newsletter.
70,000 readers - Both Macro Notes and Public Markets are Substack Bestsellers
Both of our newsletters, Macro Notes (70,000 subscribers) and Public Markets (18,000 subscribers), are featured in Substack’s Rising in Finance category and have earned Substack Bestseller status, with over 1,000 Premium and Founding subscribers combined.
More and more of you are reading our research, following our investment theses, and supporting our work. We’re incredibly grateful for your continued trust.
To thank you, we’ve decided to make Public Markets Premium completely free for life for all Macro Notes Premium and Founding members with an annual subscription.
Here’s what this means:
When you subscribe to Macro Notes Premium for $350 per year, you’ll unlock all our Premium research and membership benefits, including access to Macro Notes Terminal.
But now, you’ll also receive complimentary lifetime access to Public Markets Premium, our secondary investment research newsletter, which normally costs $340 per year.
That’s access to two of our bestselling investment newsletters, with all their research and benefits, for the price of one.
Subscribe to Macro Notes Premium — $350/year
Already a Macro Notes annual Premium or Founding member?
You don’t need to do anything. We’ll automatically activate your complimentary lifetime Public Markets Premium membership over the coming days.
We have hundreds of memberships to activate, so it may take a little time. Thank you for your patience!
Partner with us: 10 Sponsorship Spots Available — $1,000 Instead of $2,000
This week, we partnered with Groundfloor on a dedicated sponsored edition of Macro Notes.
We’re now opening 10 sponsorship opportunities at 50% off our regular placement rate for brands interested in reaching our audience of investors and financial professionals.
A quick look at Macro Notes:
70,000+ readers interested in finance, global economics, and macro investing.
35% average email open rate, giving sponsors access to an engaged audience.
Readers include individual investors, financial professionals, analysts, and business owners.
Our standard sponsorship rates are:
Dedicated sponsored edition: $3,000
Sponsored placement within a regular edition: $2,000
Our year-end offer: Test a sponsored placement for just $1,000 instead of $2,000.
We’re making this introductory rate available to just 10 advertisers who reserve their placement before December 31, 2026.
You can choose your preferred publication date based on availability, including a date after the end of the year.
To secure your spot, simply pay a $500 deposit today. The remaining $500 is due after your sponsored placement has been published.
We review all advertisers to ensure they’re a good fit for our audience. We don’t accept online casinos or prediction market platforms. If we determine that your business isn’t a suitable fit, we’ll cancel the reservation and issue a full refund.
Only 10 spots are available at this introductory rate. Once they’re gone, our regular $2,000 placement rate will apply.
Interested in reaching 70,000+ investors?
Reserve Your Macro Notes Sponsorship Placement
You can also contact us through the page above if you’d like to learn more about our audience or discuss a potential partnership. Read more.
New: Macro Notes Desk
We’ve just launched Macro Notes Desk, a new community space on Substack designed to bring our readers closer to our research and to each other.
Until now, you’ve mainly followed our investment theses through our newsletter and Macro Notes Terminal. With the Desk, we’re introducing a new way to engage with our research, exchange perspectives, and contribute your own ideas.
Here’s what you’ll find inside:
Go behind the scenes of our research. Follow our early thinking on emerging investment themes, the questions we’re investigating, and the ideas we’re considering before they become full research editions.
Discover new investment opportunities. Explore ideas and perspectives shared by fellow investors, including industries, companies, and macroeconomic trends you might not have considered.
Challenge and discuss our investment theses. Ask questions, share counterarguments, and help identify risks, catalysts, or opportunities we may have overlooked.
Exchange directly with our research team. Discuss our latest research, ask questions about our investment theses, and share your own observations.
Contribute to future research. Suggest investment themes worth investigating and help shape the discussions that could lead to our next investment theses.
How does access work?
Some discussions will be accessible to all subscribers, including free readers.
Premium and Founding members will be able to participate in discussions, start their own threads, share investment ideas, and access exclusive conversations with our research team.
Our ambition is to make Macro Notes more than a publication you read. We want it to become a place where investors can learn from different perspectives, challenge their assumptions, and develop better investment theses together.
Join Macro Notes Desk and explore the discussions
Looking forward to reading your ideas and exchanging perspectives with you.
Our Recent Must-Read Editions
The 5 Investment Theses We’re Working On Before Year-End
At Macro Notes, we invest with a global macro approach.
The Nuclear Fuel Sovereignty Race
Sometimes, a good way to build an investment thesis is to look at the direction history is taking, and then think a few steps ahead.
Who Gets Paid to Fix Europe’s Ammunition Shortage?
For the past six months, I have deliberately held off on publishing a new update to our European defence thesis.










Woww, such a pleasant gift and big upgrade to your long term subscriber. Look forward to the macro notes premimum. Thank you for your hard work.