TRENDS FOR EQUITIES REMAIN UPWARD SLOPING BASED ON EQUAL-WEIGHTED SPX, THOUGH THEY ARE STILL QUITE CHOPPY IN THE SHORT RUN WHEN EYEING BOTH SPX AND...

Tue, February 10, 2026 | 7:15PM ET

- SPX has broken trend vs. All-World index; Homebuilders breaking out

Mon, February 9, 2026 | 6:36PM ET

- Short-covering and lower volume are apparent despite snapback

Fri, February 6, 2026 | 4:29PM ET

- Despite DJIA, $RSP back at new highs, Technology needs help

Technical Outlooks

Sun, December 14, 2025 | 7:00PM ET

2026 Technical Outlook: Expecting a choppy but positive year of consolidation

REMINDER: My 2026 Technical Outlook is tomorrow (12/15) at 2:00 PM Est. Additionally, please find my Outlook Deck attached HERE. CONCLUSION: A VOLATILE YEAR BUT...

Tue, January 7, 2025 | 9:17AM ET

- 2025 Technical Outlook: A more Subdued year but still likely positive

Thu, December 14, 2023 | 10:24AM ET

- 2024 Technical Outlook: Broad-based rally back to new all-time highs likely in 2024

Mon, July 3, 2023 | 4:00PM ET

- 2H2023 Technical Outlook

Your Weekly Roadmap

Fri, February 6, 2026 | 5:39PM ET

SaaS-Pocalyse Shows Signs of Pausing

Good evening, Just as soon as it appeared, the SaaS-Pocalyse started to show signs of abating by the end of the week. On Friday, the...

Fri, January 30, 2026 | 6:02PM ET

- S&P 500 Benefits From Dovish Fed and Blockbuster Earnings From Meta, Apple

Fri, January 23, 2026 | 5:30PM ET

- Stock-Market Advances Barely Interrupted by Greenland and Japanese Bond Market

Fri, January 16, 2026 | 5:14PM ET

- Stocks Slide As Investors Digest A Flurry of White House Policies

First to Market

Latest

First to Market

Wed, February 11, 2026 | 7:45AM ET

Alphabet's 100-Year Bond Tells Us Everything We Need to Know About AI Mania

CHART OF THE DAY GOOD MORNING! Alphabet on Tuesday sold a 100-year bond in sterling. Investors' reaction was “shut up and take my money.” The...

Tue, February 10, 2026 | 9:11AM ET

- Dow 50,000 And The Goated U.S. Economy

Mon, February 9, 2026 | 9:08AM ET

- Batteries, EVs, and Grids

Fri, February 6, 2026 | 9:02AM ET

- How to Play 'What's Old is New Again'

Signal From Noise

Sat, February 7, 2026 | 4:00PM ET

Have Gold Prices Peaked?

Gold’s relentless, parabolic rise was once considered unthinkable by anyone who’s not a goldbug, but that is no longer the case. Even regular investors now...

Sat, January 24, 2026 | 4:00PM ET

- Quantum Computing II: Wall Street Bets, Cyber Threats, and Richard Feynman

Sat, January 10, 2026 | 4:00PM ET

- Beyond Quantum Supremacy: a Look at the So-Called Quantum-Stock Gold Rush

Sat, December 20, 2025 | 4:00PM ET

- Magnets, Megawatts, and Monarchs: a Partial New Tech Roundup of 2025

US Policy

US Policy

Mon, February 9, 2026 | 11:20AM ET

DHS Shutdown Threat, Netanyahu Comes to Washington

Most of the Federal government is funded until Oct. 1, but the Department of Homeland Security’s funds expire this Friday. This was part of the...

Fri, February 6, 2026 | 12:28PM ET

- Government Reopens (Mostly)

Mon, February 2, 2026 | 12:31PM ET

- Partial Shutdown, Midterm Trends, Fed Chair

Fri, January 30, 2026 | 12:08PM ET

- Government Shutdown, New Fed Chair

Fed Watch

Fed Watch

Wed, January 28, 2026 | 8:22PM ET

FOMC Holds Line, So Do Markets

As expected, the Federal Reserve on Jan. 28, 2026 maintained its benchmark policy rate at 3.50-3.75%. The decision was not unanimous, as two of the...

Wed, December 10, 2025 | 9:05PM ET

- The Cut, The Dots, and the Chair: Why 2026 Looks Different

Wed, October 29, 2025 | 9:07PM ET

- A Not-So-Foregone Conclusion: The Fed Cuts, but December in Limbo

Wed, September 17, 2025 | 7:33PM ET

- The Summer I Cut Rates

Earnings Daily

Latest

Earnings Daily

Wed, February 11, 2026 | 6:30AM ET

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/06/2026

Macro Videos

Macro Minute Video

Tue, October 8, 2024 | 8:28PM ET

Video: Macro Minute: HBO documentary (airing tonight) claims to identify Satoshi. Still a "whipsaw" market but we expect investors to buy the dip, with 3Q24 EPS around the corner.

VIDEO: Be sure to tune into the HBO documentary Digital Money tonight at 9pm ET, where HBO claims to reveal the identity of Satoshi Nakamoto,...

Sun, August 18, 2024 | 7:52PM ET

- Video: Macro Minute: Fed Chair remarks at Jackson Hole likely to solidify that 8/5 was summer low.

Sun, August 11, 2024 | 7:43PM ET

- Video: Macro Minute: We are watching 3 things this week. At top of list is Middle East conflict.

Sun, July 28, 2024 | 10:04PM ET

Members Area

Macro Research

Latest Updates

Defensive positioning continues to increase while Financials fall further

Alphabet's 100-Year Bond Tells Us Everything We Need to Know About AI Mania

FS Insight 4Q25 Daily Earnings (EPS) Update – 02/11/2026

SPX has broken trend vs. All-World index; Homebuilders breaking out

Dow 50,000 And The Goated U.S. Economy

FS Insight 4Q25 Daily Earnings (EPS) Update – 02/10/2026

First Word

February 2026 Top Large Cap and SMID Cap Core Stock Ideas Market Update

- January 2026 Top Large Cap and SMID Cap Core Stock Ideas Market Update

- Decent incoming data today. Trump reveals the "Trump rule" and the template for a dovish Fed in 2026

- Wall of worry keeps growing given $ORCL and Venezuela. But the risk/reward still positive into year-end.

Macro Minute Video

Video: Macro Minute: A lot of macro this week. Jan Core CPI could post lowest YoY at 2.51% since March 2021 and in line with pre-COVID readings

- Video: Macro Minute: 5 reasons the 8% decline in the Nasdaq 100 feels like a bear market. We believe much of the bad news is getting priced in

- Video: Macro Minute: February 2026 Top Large Cap and SMID Cap Core Stock Ideas Market Update

- Video: Macro Minute: January barometer points to upside to our YE 7,700 target. Silver and gold volatile moves triggering spillover into other markets.

Outlooks

2026 OUTLOOK (Lee): Wall of Skepticism + New Fed, S&P 500 Year-end 7,700

- 2025 OUTLOOK (Lee): Two “puts” make a right - After 20% back-to-back, Mid-year 7,000, Year-end 6,600

- 2024 Year Ahead: Inflation down plus higher demand = P/E expansion.

Technical Strategy

Defensive positioning continues to increase while Financials fall further

- SPX has broken trend vs. All-World index; Homebuilders breaking out

- Short-covering and lower volume are apparent despite snapback

- Despite DJIA, $RSP back at new highs, Technology needs help

Technical Outlooks

2026 Technical Outlook: Expecting a choppy but positive year of consolidation

- 2025 Technical Outlook: A more Subdued year but still likely positive

- 2024 Technical Outlook: Broad-based rally back to new all-time highs likely in 2024

- 2H2023 Technical Outlook

Your Weekly Roadmap

SaaS-Pocalyse Shows Signs of Pausing

- S&P 500 Benefits From Dovish Fed and Blockbuster Earnings From Meta, Apple

- Stock-Market Advances Barely Interrupted by Greenland and Japanese Bond Market

- Stocks Slide As Investors Digest A Flurry of White House Policies

First to Market

Alphabet's 100-Year Bond Tells Us Everything We Need to Know About AI Mania

- Dow 50,000 And The Goated U.S. Economy

- Batteries, EVs, and Grids

- How to Play 'What's Old is New Again'

Signal From Noise

Have Gold Prices Peaked?

- Quantum Computing II: Wall Street Bets, Cyber Threats, and Richard Feynman

- Beyond Quantum Supremacy: a Look at the So-Called Quantum-Stock Gold Rush

- Magnets, Megawatts, and Monarchs: a Partial New Tech Roundup of 2025

US Policy

DHS Shutdown Threat, Netanyahu Comes to Washington

- Government Reopens (Mostly)

- Partial Shutdown, Midterm Trends, Fed Chair

- Government Shutdown, New Fed Chair

Fed Watch

FOMC Holds Line, So Do Markets

- The Cut, The Dots, and the Chair: Why 2026 Looks Different

- A Not-So-Foregone Conclusion: The Fed Cuts, but December in Limbo

- The Summer I Cut Rates

Earnings Daily

FS Insight 4Q25 Daily Earnings (EPS) Update – 02/11/2026

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/10/2026

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/09/2026

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/06/2026

Macro Videos

Video: Macro Minute: HBO documentary (airing tonight) claims to identify Satoshi. Still a "whipsaw" market but we expect investors to buy the dip, with 3Q24 EPS around the corner.

- Video: Macro Minute: Fed Chair remarks at Jackson Hole likely to solidify that 8/5 was summer low.

- Video: Macro Minute: We are watching 3 things this week. At top of list is Middle East conflict.

- Video: Macro Minute: Post-FOMC press conf (2:30pm), equities rallied 5D last 5 of 6 instances. Small-cap remains most compelling.