financial research and analytics


Conjecture is a research and analytics firm developing useful ideas on financial markets, investments, and trading.*  Conjecture LLC was founded, and is managed, by J.B. Heaton, a researcher with a law degree, Ph.D. in finance, and an M.B.A., each from the University of Chicago. Contact us at


*Legal consulting – where applicable – provided by J.B. Heaton, P.C., an Illinois Professional Corporation.