FSInsight is a market-leading, independent research firm. We are experts in U.S. macro market strategy and have leveraged those fundamental insights to become leading pioneers of digital assets and blockchain research. We serve a broad array of clients around the world, including internationally recognized multitrillion dollar asset managers, hedge funds and private banks, representing some 80% of globally managed equity assets.
FSInsight was co-founded by Thomas J. Lee, a top-ranked Wall Street analyst with some 30 years of research experience, and the former Chief Equity Strategist at global investment bank JPMorgan. He is also a regular guest on major financial news networks including CNBC, Bloomberg and Fox Business News, and has been quoted extensively in the financial press. Tom Lee is also head of overall strategy for crypto-currencies. He’s widely followed by institutional and individual investors, as well as the media. Our work is often cited in social media, traditional media channels and on television/cable networks.
Putting money to work in equities and credit today requires a thoughtful perspective on global events. Macro analysis is no longer just for macro traders. With hundreds of hedge funds and other active asset managers not able to outperform in this bull market, it’s evident now that portfolio positioning matters just as much as stock picking. Our forward-thinking team draws on over 100 years of combined experience on Wall Street to help you block out the market “noise” and analyze the fundamental, technical and sentiment data you need to make informed and actionable investment decisions.
Using comprehensive data since the 1900s, we look at key drivers and relative valuation for the 11 primary sectors as well as selected industries. With a focus on businesses with pricing power or secular opportunities, we publish ideas before the consensus discovers these companies. FSInsight provides a roadmap for investors to understand the current equity market environment and the tools to generate outperformance. We look to identify the relevant investment opportunities for our clients, using a differentiated data set, including census data, economic activity and historical trends, and demographic and social trends.
Our teams produce primary research along five product verticals: (i) Portfolio Strategy, (ii) Crypto-currencies; (iii) Quantitative Strategy; (iv) Technical Analysis Strategy, and (v) Washington, D.C. Policy.
We are recognized as one of the only institutional research firms providing comprehensive market analysis and price analytics for cryptocurrencies and blockchain technology. FSInsight is a pioneering thought leader in this rapidly growing investment space. Our digital assets research bridges the gap between the tech and investment worlds, providing investors with a framework for understanding fundamental valuations and market risks, and critical benchmarking tools.
We have established leadership in this space—since launching our crypto-currency research, we count more than 10% of all crypto-funds, representing ~33% of crypto assets under management as our paying clients. We are effectively the only paid research subscription service in crypto with widespread adoption. For example, our Crypto-currency research products include, among other products, a proprietary valuation framework for the valuation of Bitcoin and major crypto-currencies, and a Crypto-currency and Bitcoin mining and security model.
FSInsight is committed to serving our clients’ interests alone. As an independent research firm, our views are insulated from the potential conflicts possible in research from traditional Wall Street banks and other financial institutions. FSInsight answers to no one but our clients.
Our mandate is to provide you with our latest macro, equity and crypto currency strategies. We are data-driven and focused on producing unique, non-consensus independent research. We don’t follow the herd.
“Tom provides excellent analytical and creative research which focuses on variant perceptions from consensus expectations”
“Tom does a huge amount of work and he doesn’t rely on hunches. All of his arguments are data driven.”
Thomas Lee was one of the first “traditional finance” professionals talking about Bitcoin.
“Your services and your info has been my ‘Thor’s hammer’”
Tom Lee, CFA
Co-founder and Head of Research
Thomas Lee is a Managing Partner and the Head of Research at FSInsight. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to co-founding FSInsight, he served most recently as J.P. Morgan’s Chief Equity Strategist from 2007 to 2014, and previously as Managing Director at Salomon Smith Barney. His areas of expertise include Market Strategy, Small/Mid-Cap Strategy and Telecom Services.
L . Thomas Block
Washington Policy Strategist
L. Thomas Block is the Washington Policy Strategist at FSInsight, and also President of Tom Block Consults, a public policy consulting firm. Prior to starting his firm, Tom had a 21-year career at JP Morgan Chase, where he served as Global Head of Government Relations and created a Washington Research product for the firm. For 17 years he served as the senior lobbyist responsible for managing political relationships with the US government, state and local governments, and the EU and its member states. He created the bank’s EU Government Relations program. Prior to joining JP Morgan Chase in 1987, Tom was a vice president at Irving Trust Company.
Head of Digital Asset Strategy
Sean Farrell is the Head of Digital Asset Strategy at FSInsight. Prior to joining FSInsight, Sean was a manager in the Transaction Opinions group at Alvarez & Marsal, and previously worked as an associate with Anvil Advisors.
Adam Gould, CFA
Head of Quantitative Research
Adam Gould is the Head of Quantitative Research at FSInsight. He has over 20 years of experience on Wall Street, focusing primarily on quantitative strategies and research. Before his time at S&P Dow Jones Indices, Adam spent 5 years at Nomura/Instinet on the Quantitative Investment Strategy team focusing on portfolio strategy and quantitative research. He worked in similar roles at Morgan Stanley and Empirical Research Partners where he designed and developed quantitative equity models and other portfolio strategy themes.
Mark L. Newton, CMT
Head of Technical Strategy
Mark L. Newton is the Head of Technical Strategy at FSInsight. As a former managing member/Owner of Newton Advisors LLC, Mark has more than 25 years of buy and sell-side experience in the financial services industry. He formerly worked with Diamondback Capital Management and Morgan Stanley in New York City as their technical strategist. Before moving to the New York City area in 2004, Mark traded equity options as a market maker/floor trader at the CBOE and worked in risk management. Mark is a member of the Market Technicians Association and a former member of the CBOE, CBOT, and PHLX.
Brian Rauscher, CFA
Head of Global Portfolio Strategy and Asset Allocation
Brian Rauscher is the Head of Global Portfolio Strategy and Asset Allocation at FSInsight. He has been on Wall Street for over two decades. Prior to joining FSInsight, Brian spent eight years at Robert W. Baird & Co. as Chief Global Portfolio Strategist. He has also worked on the buy side as the U.S. Equity Strategist at Fortress Investment Group on the Liquid Macro Hedge Fund. From 2004-2009, Brian Rauscher served as Director of Portfolio Strategy and Director of Research at Brown Brothers Harriman. His auspicious career began at Morgan Stanley where he worked for five years as an Investment Strategist on the team of Wall Street legend, Byron Wien.
Ken Xuan, CFA, FRM
Head of Data Science Research
Ken Xuan is the Head of Data Science Research at FSInsight where he optimizes and tests FSInsight’s proprietary portfolio models. He also manages and maintains FSInsight’s cryptocurrency and blockchain databases. Ken started his career at West Monroe Partners as an operations strategy consultant.
John Bush is a Research Associate at FSInsight. He was previously an intern at Chimera Investment Corporation, a mortgage REIT. He holds a B.S. in Operations Research and Information Engineering from Cornell University.
Associate of Digital Asset Strategy
JB DeGroft is an Associate of Digital Asset Strategy at FSInsight. He most recently worked at Citi as a credit analyst covering Industrial and Professional Service companies. Prior to this he worked at a cybersecurity start-up and in Wealth Management at Merrill Lynch. JB holds a B.S. in Finance from The Ohio State University.
Matthew Gutierrez is an Associate Writer at FSInsight. Previously, he wrote for The Athletic. A native of Princeton, N.J., he has written for The Wall Street Journal, The New York Times, and The Washington Post. Matthew graduated with a degree in finance and journalism from Syracuse University.
Mr. Czul’s experience in technology covers Bioinformatics, Aerospace Engineering, and Algorithmic Trading in financial markets. He has developed extensive information systems involving real-time data in fixed income, forex, commodity and cryptocurrencies powered by artificial intelligence and natural language processing. Cryptocurrency enthusiast since 2014, his expertise covers AI, technology, data-mining, blockchain, cryptocurrency and macroeconomic trading.
Jonathan Lesser is a Vice President on the Portfolio Strategy team at FSInsight with more than 25 years of experience in investment strategy and research. He was most recently with RW Baird & Co. where he was responsible for developing and maintaining the Global Portfolio Strategy data platform. He brings a wealth of experience combining two decades of programming skills that help develop proprietary algorithms and analytics, which contribute to the generation of research ideas. Prior to working at Baird, Jonathan has worked at Fortress Investment Group helping to provide investment ideas on the Global Macro Fund as well as Brown Brothers Harriman where he was a member of the Portfolio Strategy team.
Head of Media Production
Carrie Presley is the Head of Media Production at FSInsight. Carrie has over 10 years of corporate accounting experience and is a nationally recognized educator for her innovations in technology. Most recently, Carrie founded a blockchain software engineering and education company, developing programs for decentralized applications. Carrie received her BBA from the University of Oklahoma in Accounting.
Prior to joining FSInsight, Chris was Senior Research Analyst at Dentons. Previously he was a Policy & Supervision Analyst at the Conference of State Bank Supervisors. He worked in both the legislative and executive branch in Washington DC. Chris also founded a FinTech company in 2015.
Alexa is a Research Associate at FSInsight. She most recently worked at a sustainable e-commerce start-up, where she managed strategy and operations. She holds a B.A. in Political Science from the University of Pennsylvania.
Walter Teng, CFA
Digital Asset Strategy Associate
Walter Teng is a Digital Asset Strategy Associate at FSInsight. Previously, he has held roles at Amazon and other PropTech startups. Walter holds a BA in Economics from University of Michigan and Msc in Financial Analysis from London Business School.
Lazlo Vekony is a senior full stack web developer at FSInsight. With close to a decade of web development experience he develops and maintains the FSInsight website and its servers. He earned his doctorate in law.