How news flow, narratives, and sentiment impact asset prices.
This scope is designed to help you build a practical understanding of News, Narrative & Sentiment. Lessons move from core definitions to real-world context and common failure points.
Reading in order is recommended, but each lesson stands on its own.
A rigorous explanation of crowded trades in the context of fundamental analysis, showing how news, narrative, and investor sentiment can concentrate capital, distort prices relative to intrinsic value, and shape long-term valuation outcomes without proposing strategies or recommendations.
A comprehensive explanation of sentiment indicators, how they are constructed from news and narratives, and why they matter for long-term valuation in fundamental analysis. The article differentiates survey, textual, and alternative data approaches and links sentiment to cash flows, discount rates, and competitive dynamics.
An in-depth examination of how fundamental analysts distinguish durable information from transitory distractions in news, narrative, and sentiment to evaluate intrinsic value with discipline and clarity. The article defines signal and noise, explains their role in valuation, and illustrates a practical workflow with real-market context.
A rigorous explanation of narrative shifts in fundamental analysis, how they alter expectations about cash flows and risk, and why they matter for long-term valuation, with concrete market-context examples and a practical evaluation framework.','content':'Financial markets respond not only to numbers but also to the stories that bind those numbers …
News shapes market attention, but headlines often carry less information about long-run cash flows than their immediacy suggests. This article defines the limits of news-based analysis and shows how a disciplined fundamental framework evaluates what news changes about intrinsic value, and what it does not.
