The work

Each task begins with an upcoming or historical corporate event and a hard evidence cutoff. Your job is to identify the companies that should move and say why: a supplier with disclosed concentration, a customer whose input cost shifts, a competitor whose pricing umbrella disappears, a substitute that gains share. For each name you assign direction, magnitude, horizon and confidence, and you name the mechanism — revenue line, margin, earnings, multiple — that carries the effect. Sourcing is expected to come from primary material: 10-K and 10-Q footnotes, segment and concentration disclosures, exhibits and contracts, earnings and conference transcripts, trade data. Third-party sector tags and screen output are not an acceptable basis for a linkage claim.

A second, roughly equal part of the work is review. You read model-generated propagation analyses and grade them against what you would have written: whether the linkage is real or thematic, whether the magnitude is defensible, whether the model quietly used information dated after the cutoff. Written rationale matters as much as the score — the grade is training signal only if the reasoning behind it is legible.

What the screen looks for

  • Named industry depth. Generalist coverage is weaker than one sector you can map from memory: who supplies whom, what the disclosed concentrations are, where the contracts reset.
  • Filing-level evidence habits. Expect to be asked where in a document a specific disclosure lives, and what you do when concentration is disclosed only as "one customer exceeded 10% of revenue."
  • Discrimination between exposure and theme. The most common failure is a long list of loosely associated tickers. The screen probes whether you cut aggressively and defend what remains.
  • Point-in-time discipline. You will be asked how you avoid hindsight contamination on an event you personally lived through.

Logistics

Fully remote and asynchronous. Tasks are claimed from a queue with individual deadlines rather than fixed shifts; most contributors work 10–20 hours per week and can concentrate it into blocks. Onboarding involves a paid or unpaid work sample that carries more weight than résumé pedigree. No MNPI, no confidential employer material, no data from a current seat — everything must be reconstructible from public sources as of the cutoff.