Members Area

Macro Research

Latest Updates

Latest

Earnings Daily

Mon, November 17, 2025 | 6:30AM ET

FS Insight 3Q25 Daily Earnings (EPS) Update – 11/17/2025

Daily Technical Strategy

Fri, November 14, 2025 | 4:35PM ET

Stabilization near support is positive; Rally looks likely next week

US Policy

Fri, November 14, 2025 | 12:59PM ET

Shutdown Over, Focus on New Continuing Resolution

First to Market

Fri, November 14, 2025 | 9:13AM ET

The Craziest Things In the Markets This Week

Earnings Daily

Fri, November 14, 2025 | 6:30AM ET

FS Insight 3Q25 Daily Earnings (EPS) Update – 11/14/2025

Your Weekly Roadmap

Fri, November 14, 2025 | 5:33PM ET

Stocks Seek Backstop During "November Chop"

First Word

First Word

Thu, November 6, 2025 | 4:59PM ET

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

NOVEMBER: FUNDAMENTALS REMAIN INTACT = UP NOVEMBERSTOCKS UP 6 MONTHS IN A ROW = NOV UP3Q25 EPS: MARGINS EXPANDING = POSITIVEFUND MANAGER CHASEWALL OF WORRY:(I)...

Fri, October 31, 2025 | 7:50AM ET

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

Thu, October 30, 2025 | 6:00AM ET

- Key takeaway Fed presser: inflation close to target but jobs is weak = dovish. Trump-Xi meeting is "12" on a scale of 1 to 10 = positive for stocks.

Wed, October 22, 2025 | 7:50AM ET

- Heavy week for 3Q25 EPS earnings. Polymarket shows expectations rising for "softer" Sept CPI reading.

Macro Minute Video

Thu, November 13, 2025 | 11:38PM ET

Video: Macro Minute: Turbulence grows as Fed officials push back against Dec cut. Still in Nov chop but we see gains by month end

Video_: _Fed officials are still pushing back against a Dec cut, which is making markets more wary. And markets have a new "wall of worry"...

Wed, November 12, 2025 | 4:25PM ET

- Video: Macro Minute: Markets still climbing a wall of worry, but performance chasing is a bigger positive tailwind

Mon, November 10, 2025 | 8:14PM ET

- Video: Macro Minute: November tracking as expected, choppy first two weeks. And with govt shutdown ending, we still see 7,000 before end of month

Tue, November 4, 2025 | 6:41PM ET

- Video: Macro Minute: The 'wall of worry' is growing again, prompting investors to de-risk. We still see a choppy Nov start, but ultimately a strong month

Outlooks

Wed, December 11, 2024 | 7:50AM ET

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

PLEASE JOIN US TODAY AT 1PM ET FOR OUR 2025 YEAR AHEAD OUTLOOK. Register HERE. Please click below to view our Macro Minute (duration: 5:29). https://vimeo. com/1038001660/7ba01aaa43?...

Thu, December 7, 2023 | 7:50AM ET

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

Technical Strategy

Daily Technical Strategy

Fri, November 14, 2025 | 4:35PM ET

Stabilization near support is positive; Rally looks likely next week

US EQUITY TRENDS REMAIN CHOPPY, BUT BULLISH, AND BOTH SPX AND QQQ LOOK TO BE STABILIZING NEAR KEY SUPPORT, WHICH LIKELY CAN LEAD TO A...

Thu, November 13, 2025 | 7:23PM ET

- November lows in SPX are what’s necessary to hold from a risk management perspective

Wed, November 12, 2025 | 7:14PM ET

- Energy U-turn likely points to meaningful drop in Crude by year-end

Tue, November 11, 2025 | 8:09PM ET

- Commodity breakout worth paying attention to

Technical Outlooks

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

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

REMINDER: My 2025 Technical Outlook is today (1/7) at 2:00 PM Est. Additionally, please find my Outlook Deck attached HERE. CONCLUSIONS-SPX END OF YEAR TARGET...

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

Tue, January 24, 2023 | 5:55PM ET

- 2023 Technical Outlook: Bear Market Lows Likely in Place

Your Weekly Roadmap

Fri, November 14, 2025 | 5:33PM ET

Stocks Seek Backstop During "November Chop"

Good evening, Stocks are in the midst of the "November chop" that Fundstrat Head of Research Tom Lee had anticipated as a possibility at the...

Fri, November 7, 2025 | 5:10PM ET

- Stocks Turn Negative to Start November

Fri, October 31, 2025 | 6:50PM ET

- Stocks Posted Record Gains in “Up-tober”

Fri, October 24, 2025 | 5:04PM ET

- S&P 500 Closes Right Below 6,800, Setting a New Record

First to Market

Fri, November 14, 2025 | 9:13AM ET

The Craziest Things In the Markets This Week

CHART OF THE DAY GOOD MORNING! Tech stocks are notching an intense sell-off this week, with the Magnificent Seven on pace to decline 1.3%. The...

Thu, November 13, 2025 | 8:34AM ET

- AMD’s Outshining Nvidia for the Better

Wed, November 12, 2025 | 8:52AM ET

- It’s About to be The Most Confusing Time of The Year

Tue, November 11, 2025 | 8:54AM ET

- How to Cohabitate With Credit Cockroaches

Signal From Noise

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.

Investors are well-aware that the players carrying us through this AI race right now likely won’t be the last ones left standing at the finish...

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

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

Sat, October 11, 2025 | 10:01AM ET

- Are We On An AI Merry-Go-Round? Here’s My Take.

Sat, September 27, 2025 | 10:34AM ET

- Why I Think Revenue Per Employee Is Going to Become Wall Street’s Hottest Metric

US Policy

Fri, November 14, 2025 | 12:59PM ET

Shutdown Over, Focus on New Continuing Resolution

A week of Washington drama ended with Congress passing a Continuing Resolution (CR) that opened the government after a record 43-day long shutdown. The final...

Mon, November 10, 2025 | 10:51AM ET

- Shutdown Moves to Resolution, Election Implications

Fri, November 7, 2025 | 12:45PM ET

- Shutdown and Election Trends

Mon, November 3, 2025 | 9:57AM ET

- Shutdown, Off-Year Elections, And Trade in Spotlight

Fed Watch

Fed Watch

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

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

The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday afternoon, bringing the target range to 3.75 to...

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

- The Summer I Cut Rates

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

- The Great Rate Debate

Wed, June 18, 2025 | 8:16PM ET

- Dual Mandate Duel

Earnings Daily

Latest

Earnings Daily

Mon, November 17, 2025 | 6:30AM ET

- FS Insight 3Q25 Daily Earnings (EPS) Update – 11/12/2025

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

FS Insight 3Q25 Daily Earnings (EPS) Update – 11/17/2025

Stabilization near support is positive; Rally looks likely next week

Shutdown Over, Focus on New Continuing Resolution

The Craziest Things In the Markets This Week

FS Insight 3Q25 Daily Earnings (EPS) Update – 11/14/2025

Stocks Seek Backstop During "November Chop"

First Word

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.

- Key takeaway Fed presser: inflation close to target but jobs is weak = dovish. Trump-Xi meeting is "12" on a scale of 1 to 10 = positive for stocks.

- Heavy week for 3Q25 EPS earnings. Polymarket shows expectations rising for "softer" Sept CPI reading.

Macro Minute Video

Video: Macro Minute: Turbulence grows as Fed officials push back against Dec cut. Still in Nov chop but we see gains by month end

- Video: Macro Minute: Markets still climbing a wall of worry, but performance chasing is a bigger positive tailwind

- Video: Macro Minute: November tracking as expected, choppy first two weeks. And with govt shutdown ending, we still see 7,000 before end of month

- Video: Macro Minute: The 'wall of worry' is growing again, prompting investors to de-risk. We still see a choppy Nov start, but ultimately a strong month

Outlooks

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

Stabilization near support is positive; Rally looks likely next week

- November lows in SPX are what’s necessary to hold from a risk management perspective

- Energy U-turn likely points to meaningful drop in Crude by year-end

- Commodity breakout worth paying attention to

Technical Outlooks

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

- 2023 Technical Outlook: Bear Market Lows Likely in Place

Your Weekly Roadmap

Stocks Seek Backstop During "November Chop"

- Stocks Turn Negative to Start November

- Stocks Posted Record Gains in “Up-tober”

- S&P 500 Closes Right Below 6,800, Setting a New Record

First to Market

The Craziest Things In the Markets This Week

- AMD’s Outshining Nvidia for the Better

- It’s About to be The Most Confusing Time of The Year

- How to Cohabitate With Credit Cockroaches

Signal From Noise

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

- Are We On An AI Merry-Go-Round? Here’s My Take.

- Why I Think Revenue Per Employee Is Going to Become Wall Street’s Hottest Metric

US Policy

Shutdown Over, Focus on New Continuing Resolution

- Shutdown Moves to Resolution, Election Implications

- Shutdown and Election Trends

- Shutdown, Off-Year Elections, And Trade in Spotlight

Fed Watch

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

- The Summer I Cut Rates

- The Great Rate Debate

- Dual Mandate Duel

Earnings Daily

FS Insight 3Q25 Daily Earnings (EPS) Update – 11/17/2025

- FS Insight 3Q25 Daily Earnings (EPS) Update – 11/14/2025

- FS Insight 3Q25 Daily Earnings (EPS) Update – 11/13/2025

- FS Insight 3Q25 Daily Earnings (EPS) Update – 11/12/2025

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.