| Hello Reader, This morning, as I read the The Daily Dirtnap here in Puerto Rico, Jared Dillian once again stopped me in my tracks. This happens regularly, ever since I had the good fortune to start reading The Daily Dirtnap way back in 2014. I’m hooked. I get hundreds of emails every day, and I always, always, always make sure to read The Daily Dirtnap. It’s just that good. Morning coffee and The Dirtnap is an engrained daily ritual of mine by now (really, it should be one of yours, too). Rare Animal In The Daily Dirtnap, Jared produces market analysis that is so savvy you could sharpen a knife on it. I’m not quite sure how he manages to keep it consistently top quality every single day he publishes, but he does. It really is required reading (and hugely entertaining, too). If you’re wondering whether I’m the only one who thinks so—consider this: the guy didn’t market the letter for 10 years, and got to thousands of subscribers through word of mouth alone. He barely markets it now—he doesn’t need to. But I’m stepping in to spread the word amongst my Thoughts from the Frontline friends. Why Now? Why am I sending this to you today? Well, I have three main reasons... Firstly, Jared has been on fire over the last long while and shows no signs of stopping. He correctly called the bond rally when very few analysts were touting bonds, he saved more than a few portfolios by warning that the volatility complex was going to blow up (it did), he got oil right for a long time (before putting into the "too hard" pile, an intellectual honesty I can appreciate)... there are too many other great calls to list here. Secondly, because when things are changing fast (as they are right now), you want him in your corner. There is no one sharper. The Daily Dirtnap is the quick-read update you need, your daily pulse measurement of the markets. And thirdly, because right now Jared is writing some of the most cogent, measured, important analysis of political risk available anywhere, period. This morning, he was discussing how the 2020 election might be messier and more existentialist than we anticipate (no matter what your political persuasion). However, he said: I’m getting accustomed to angst in my inbox. So Jared’s "look, the market will be easy" was a much-needed salve from the doom and gloom (and what stopped me in my tracks). Make no mistake though, what Jared means is that he will find that market environment easy. And that’s why you want him in the trenches with you when everything feels uncertain and unstable—he’s telling readers what will and won’t work (although of course, past performance is not indicative of future results), and it’s certainly not the guidance you see on CNBC. So Much for a Quiet August Jared’s inbox and the inbox at Mauldin Economics have been filling up with emails from his "dirts" (that’s what he calls his subscribers). Here’s a short selection (and these are from August alone!). "This has been a whale of a trade for me. I can walk away today and have one of the greatest years I have had in a long time. You have paid for your subscription for years in my account!" - Eric S. "You. Are. On. Fire." - Bobeck S. "Please continue to bring this information to light. You REALLY are on to something huge here, much bigger than a portfolio, this is life changing. I so wish your newsletter was three pages longer, I want more." - Philip M. "Your picks and perspectives are changing my life..." - Lee T. This is why I love The Daily Dirtnap so much. It’s changing people’s lives and changing their portfolios... and Jared makes it look easy! The Final Word I have found The Daily Dirtnap to be a phenomenal educational tool for this sometimes-jaded analyst who reads everything. You get an "Honest to God I’ve got my own money on the line, and this is what I believe and how I’m investing" take on the market. And when that take is coming from a veteran Wall Street trader, a market sentiment wizard, and a guy whose batting average is just phenomenal... Well, you can see why I hope you join me in reading The Daily Dirtnap every day. You can join The Daily Dirtnap’s ranks right here. And before I sign off, I should point out that you get a full 30 days to try it out, risk-free, so you can give it the time and a little bit of patience that it deserves. My personal advice? Commit to reading it for two weeks straight. By the end of two weeks, you’ll be hooked too. Your proud to be a "dirt" analyst, John Mauldin
Chairman, Mauldin Economics | 