First Word
Wall of worry keeps growing given $ORCL and Venezuela. But the risk/reward still positive into year-end.
Equity markets are churning so far in December and stocks seem to feel "heavy" (meaning, it takes a lot to make a stock rise, but...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Appearances
Macro Minute Video
Video: Macro Minute: This week is a heavy data week with Nov/Oct jobs and Nov CPI, and a weak jobs moves forward Fed "put" = good
Video_: _At the halfway point for December, equity markets are flat and we still expect a year-end rally towards S&P 500 7,000-7,300. There may be...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Outlooks
2026 OUTLOOK (Lee): Wall of Skepticism + New Fed, S&P 500 Year-end 7,700
Video_: _Please tune into our 2026 Outlook webinar. At the start of 2025, we said markets had two "puts" -- the Fed and the White...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Macro Minute Video
Video: Macro Minute: Dec FOMC rate decision, even if a "hawkish cut," still has bullish implications and is a clearing event
Video_: _We expect stocks to rally post-FOMC, despite what is widely expected to be a hawkish cut. That is, the Fed will likely raise the...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
First Word
A "hawkish cut" is consensus for Wed FOMC, but this is also a "market clearing" event, hence, December rally still intact.
We still expect the S&P 500 to finish 2025 achieving new all-time highs, reaching 7,000-7,300. But the path seems labored, and in the first days...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Macro Minute Video
Video: Macro Minute: 2025 is another year where '10 best days' came into play. Ex-10 best days, S&P 500 is -12%, which explains why investors have been bearish all year
Video_: _Investors have been bearish for 75% of the weeks in 2025, based upon AAII. We believe this reflects the fact that many investors sold...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Macro Minute Video
Video: Macro Minute: 6 reasons to expect a rally in Dec, and history shows odds even higher after a 'flat/down' Nov
Video_: _We discuss how December is shaping up to be a strong month. While stocks have felt shaky due to the November declines and also...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Appearances
Macro Minute Video
Video: Macro Minute: We continue to expect stocks to rally into YE. Equity markets like the potential of a dovish new Fed Chair
Video_: _Equity markets continued to climb higher, after the grinding selloff since the Oct highs. In our view, the rally into YE remains intact. Please...
This report is accessible to FSI Pro, FSI Macro memberships. Sign up Here!
You currently can unlock 2 reports this month.
Current usage: Macro (0/2)Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Visitor: f4edb2-abfbbb-6dc102-1f5080-95af2b Array ( [cookie] => f4edb2-abfbbb-6dc102-1f5080-95af2b [current_usage] => 0 [max_usage] => 2 [current_usage_crypto] => 0 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 0 [subscriber] => 0 [role] => [user_id] => [IP] => 213.201.243.14 )
Articles Read 0/2
🎁 Unlock 1 extra article by joining our Community!
Stay up to date with the latest articles. You’ll even get special recommendations weekly.
Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
Already have an account? Sign In f4edb2-abfbbb-6dc102-1f5080-95af2b
