Members Area

Macro Research

Latest Updates

Signal From Noise

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

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

Daily Technical Strategy

Fri, December 19, 2025 | 8:17PM ET

Tech rally sufficient to keep the Holiday-rally dream alive

US Policy

Fri, December 19, 2025 | 12:08PM ET

Congress Goes Home

First to Market

Fri, December 19, 2025 | 9:06AM ET

Our Favorite Comments From You

Daily Technical Strategy

Thu, December 18, 2025 | 3:10PM ET

Technical Strategy 12/18/2025

Your Weekly Roadmap

Fri, December 19, 2025 | 7:26PM ET

Stocks See Improved Breadth as They Edge Up for the Week

First Word

First Word

Thu, December 18, 2025 | 7:50AM ET

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...

Tue, December 9, 2025 | 7:50AM ET

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

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

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

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.

Macro Minute Video

Mon, December 15, 2025 | 3:54PM ET

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...

Tue, December 9, 2025 | 9:23PM ET

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

Tue, December 2, 2025 | 9:52PM ET

- 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

Mon, December 1, 2025 | 6:10PM ET

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

Outlooks

Wed, December 10, 2025 | 9:47PM ET

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

PLEASE JOIN US TOMORROW AT 1PM ET FOR OUR 2026 YEAR AHEAD OUTLOOK. Register HERE. Video_: _Please tune into our 2026 Outlook webinar. At the...

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

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

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

Technical Strategy

Daily Technical Strategy

Fri, December 19, 2025 | 8:17PM ET

Tech rally sufficient to keep the Holiday-rally dream alive

TECHNICAL TRENDS FOR US EQUITIES ARE BULLISH, AND THIS WEEK’S TECHNOLOGY RALLY ON BLOWOUT EARNINGS FROM MU AND A SURPRISINGLY LOW CPI GAVE SOME CONVICTION...

Thu, December 18, 2025 | 3:10PM ET

- Technical Strategy 12/18/2025

Thu, December 18, 2025 | 11:13AM ET

- Upticks - December 2025

Wed, December 17, 2025 | 6:40PM ET

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

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, December 19, 2025 | 7:26PM ET

Stocks See Improved Breadth as They Edge Up for the Week

Good evening, Stocks have been largely flat of late, with the S&P 500 creeping up ever-so-slightly this week and the Nasdaq Composite showing similarly modest...

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

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

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"

First to Market

Fri, December 19, 2025 | 9:06AM ET

Our Favorite Comments From You

CHART OF THE DAY GOOD MORNING! We tried something new this year. We asked you to write in with your thoughts, and we’re so very...

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

- Pot Stocks Are Flying High Once Again

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

Signal From Noise

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

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

The final December issue of _Signal From Noise_ is always devoted to scientific and technological advances that caught our attention throughout the year – innovations...

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

- Which Retail Stocks To Put Under Your Christmas Tree?

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.

US Policy

Fri, December 19, 2025 | 12:08PM ET

Congress Goes Home

Congress ended 2025 with no exit strategy to avoid another government shutdown on Jan. 30 and no plan to resurrect the ACA/Obamacare tax credits and other benefits that expire...

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

- Congress Pushes to Year-End Finish

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

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

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

Tech rally sufficient to keep the Holiday-rally dream alive

Congress Goes Home

Our Favorite Comments From You

Technical Strategy 12/18/2025

Stocks See Improved Breadth as They Edge Up for the Week

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

Tech rally sufficient to keep the Holiday-rally dream alive

- Technical Strategy 12/18/2025

- Upticks - December 2025

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

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

Stocks See Improved Breadth as They Edge Up for the Week

- 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"

First to Market

Our Favorite Comments From You

- 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

Signal From Noise

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

- 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.

US Policy

Congress Goes Home

- Congress Pushes to Year-End Finish

- Congress Faces Healthcare Deadline

- Fed Meets, Congress Works on Healthcare and Budget

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.