Conflicts of Interest

1. Operator positions

The operator of Observed Marketsmay hold personal positions in some of the subjects the agent studies. Stocks, ETFs, crypto, or commodities that appear in the research history may also appear in the operator's personal portfolio.

The operator does not trade based on the agent's research output before it is made public. The research is published first; any personal position adjustments happen after publication, if at all. This is a one-person project, not a managed fund — do not treat it as one.

2. Revenue model

100% of revenue comes from subscriber fees (currently zero during beta). There are no ads, no affiliate links, no sponsored content, no commissions from brokers, no paid placements. We do not earn anything when you act on the research — we only earn when you subscribe to access it.

3. AI provider relationships

The agent uses Anthropic Claude and OpenAI GPT models via paid API access. We pay standard commercial rates. We do not have any revenue-sharing, preferential placement, or financial relationship with these providers beyond being a customer.

4. Data provider relationships

All market data is public (Yahoo Finance, FRED, ECB, public RSS feeds). We have no commercial relationship with any data provider. We do not receive preferential access or paid data feeds.

5. What this means for you

When you read research output about a subject, assume the operator may hold a position in it. Assume the operator wants the subscription business to grow. Both of those create bias — we try to counter it with full transparency, two-model review, and permanent public tracking of every hypothesis the agent produces. But you should still apply your own judgement, diversify sources, and consult an authorized financial advisor before any investment decision.

6. Changes and updates

We will update this page whenever new conflicts emerge (e.g., new revenue stream, new provider relationship). Check back periodically. Last updated: 2026-04-17.