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

Your Weekly Roadmap

Fri, December 12, 2025 | 5:43PM ET

Tech Concerns Weigh on S&P 500 Despite Fed Cut, Improved Breadth

Good evening, This week saw the final meeting of the Federal Open Markets Committee (FOMC) of the year, and the market response was positive –...

Fri, December 5, 2025 | 5:33PM ET

- Stocks Edge Higher in December Ahead of Widely Expected Rate Cut Next Week

Fri, November 28, 2025 | 3:01PM ET

- Stocks Surge Out of "November Chop"

Fri, November 21, 2025 | 5:51PM ET

- Stock Losses Accelerated Despite Nvidia’s Standout Earnings

First to Market

Latest

First to Market

Thu, December 18, 2025 | 8:29AM ET

Pot Stocks Are Flying High Once Again

CHART OF THE DAY GOOD MORNING! President Trump said he is considering reclassifying marijuana as a less-regulated drug, setting off fireworks in an otherwise dull...

Wed, December 17, 2025 | 8:09AM ET

- This Many Federal Jobs Haven't Been Lost in a Year Since 1953

Tue, December 16, 2025 | 9:21AM ET

- Meet The Fed Chair Contenders: Kevin and Also Kevin

Mon, December 15, 2025 | 9:13AM ET

- Americans Are Eating More Costco Pizza and Pies Than Ever. What That Tells Us About The Economy.

Signal From Noise

Sat, December 6, 2025 | 10:42AM ET

Which Retail Stocks To Put Under Your Christmas Tree?

Recent earnings reports suggest that consumers of all economic backgrounds will keep spending money as long as they can spot a good deal. Some retail...

Sat, November 22, 2025 | 10:22AM ET

- Nvidia’s Faltering Make You Nervous? These AI Plays Can Fill The Gap.

Sat, November 8, 2025 | 9:34AM ET

- AI is Already Rearranging The Winners And Losers. Here’s Who Might Lead The Next Leg of The Revolution.

Sat, October 25, 2025 | 10:00AM ET

- A Chip on Every Shoulder: The Race to Onshore Fabrication

US Policy

US Policy

Mon, December 15, 2025 | 10:30AM ET

Congress Pushes to Year-End Finish

Congress is scheduled to wrap up its business for 2025 this week and then head home until the new year. They face the deadline for...

Fri, December 12, 2025 | 1:07PM ET

- Congress Faces Healthcare Deadline

Mon, December 8, 2025 | 10:12AM ET

- Fed Meets, Congress Works on Healthcare and Budget

Fri, December 5, 2025 | 12:03PM ET

- Tennessee Election, New Shutdown Date

Fed Watch

Fed Watch

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

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

The Federal Reserve lowered its benchmark interest rate by 25 basis points today, the third cut of the year and an outcome that carried over...

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

Wed, July 30, 2025 | 7:55PM ET

- The Great Rate Debate

Earnings Daily

Fri, December 5, 2025 | 6:30AM ET

- FS Insight 3Q25 Daily Earnings (EPS) Update – 12/02/2025

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

Pot Stocks Are Flying High Once Again

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

December 2025 turning out similar to last year but Tech getting close to low

This Many Federal Jobs Haven't Been Lost in a Year Since 1953

NVDA cycle looks to be close to turning back higher

Meet The Fed Chair Contenders: Kevin and Also Kevin

First Word

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

- A "hawkish cut" is consensus for Wed FOMC, but this is also a "market clearing" event, hence, December rally still intact.

- MARKETING DECK: Supercycles intact. Wall of worries growing. Risk/reward positive.

- Some understandable "chop" ahead to digest +2% October gains. But we see multiple reasons for S&P 500 to gain in November.

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: Macro Minute: Dec FOMC rate decision, even if a "hawkish cut," still has bullish implications and is a clearing event

- 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: Macro Minute: 6 reasons to expect a rally in Dec, and history shows odds even higher after a 'flat/down' Nov

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

December 2025 turning out similar to last year but Tech getting close to low

- NVDA cycle looks to be close to turning back higher

- Technical Strategy 12/15/2025

- Value has taken the lead over Growth as year comes to a close

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

Tech Concerns Weigh on S&P 500 Despite Fed Cut, Improved Breadth

- Stocks Edge Higher in December Ahead of Widely Expected Rate Cut Next Week

- Stocks Surge Out of "November Chop"

- Stock Losses Accelerated Despite Nvidia’s Standout Earnings

First to Market

Pot Stocks Are Flying High Once Again

- This Many Federal Jobs Haven't Been Lost in a Year Since 1953

- Meet The Fed Chair Contenders: Kevin and Also Kevin

- Americans Are Eating More Costco Pizza and Pies Than Ever. What That Tells Us About The Economy.

Signal From Noise

Which Retail Stocks To Put Under Your Christmas Tree?

- Nvidia’s Faltering Make You Nervous? These AI Plays Can Fill The Gap.

- AI is Already Rearranging The Winners And Losers. Here’s Who Might Lead The Next Leg of The Revolution.

- A Chip on Every Shoulder: The Race to Onshore Fabrication

US Policy

Congress Pushes to Year-End Finish

- Congress Faces Healthcare Deadline

- Fed Meets, Congress Works on Healthcare and Budget

- Tennessee Election, New Shutdown Date

Fed Watch

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

- The Great Rate Debate

Earnings Daily

FS Insight 3Q25 Daily Earnings (EPS) Update – 12/05/2025

- FS Insight 3Q25 Daily Earnings (EPS) Update – 12/04/2025

- FS Insight 3Q25 Daily Earnings (EPS) Update – 12/03/2025

- FS Insight 3Q25 Daily Earnings (EPS) Update – 12/02/2025

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.