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

Latest

Daily Technical Strategy

Thu, August 7, 2025 | 5:59PM ET

Tech Hardware favored over Software; Meanwhile Pharma/Biotech slides further

NEAR-TERM AND INTERMEDIATE-TERM TECHNICAL TRENDS REMAIN BULLISH FOR US EQUITIES, AND WEDNESDAY’S BOUNCE MADE SUFFICIENT PROGRESS TO HELP ESTABLISH A NEW SHORT-TERM UPTREND, WHICH ARGUABLY...

Wed, August 6, 2025 | 7:31PM ET

- AAPL & "Mag 7" outperformance should boost SPX over the next week

Tue, August 5, 2025 | 11:05PM ET

- LIVE Technical Stock Analysis - August 2025

Tue, August 5, 2025 | 8:53PM ET

- Crude oil likely has started its plunge to potentially test May lows

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

Your Weekly Roadmap

Fri, August 1, 2025 | 6:11PM ET

Stock Losses Mount After Soft Jobs Report

Good evening, Stocks didn’t pull through in a challenging week. The S&P 500 tumbled 1.6% this week, its worst week since late May, while the...

Fri, July 25, 2025 | 5:00PM ET

- Stocks Break Records Ahead of Eventful Week

Fri, July 18, 2025 | 4:54PM ET

- Markets Edge Up Despite Continued Noise from Tariffs

Fri, July 11, 2025 | 5:30PM ET

- Investors Strap On For Another Week of Stock Records Before Indexes Finish Down

First to Market

Latest

First to Market

Fri, August 8, 2025 | 8:57AM ET

Candymakers Are Gene-Editing Their Way To Becoming Willy Wonka

CHART OF THE DAY GOOD MORNING! Your chocolate might be getting crispier. Sorry, not crispier — CRISPR. On Wednesday, Mars Inc. announced a partnership with...

Thu, August 7, 2025 | 8:36AM ET

- This is Just The Tip of Problems At The BLS

Wed, August 6, 2025 | 8:35AM ET

- Swiss Neutrality Goes Nowhere

Tue, August 5, 2025 | 8:37AM ET

- The Most Boring Government Agency Becomes Talk of The Town

Signal From Noise

Sat, July 26, 2025 | 10:15AM ET

AI: The New Sovereigns and Agents

In August 2023, as the AI craze was settling in for a sustained surge, _The New York Times_ did a piece on Nvidia. Naveen Rao,...

Sat, July 12, 2025 | 10:09AM ET

- Beyond the Tech Boom: Are Consumer Stocks the Canary in the Tariff Coal Mine?

Sat, June 28, 2025 | 10:15AM ET

- Begin, the Drone Wars Have.

Sat, June 14, 2025 | 9:25AM ET

- I Replaced Google Searches with ChatGPT For A Week. Here’s What Happened.

US Policy

US Policy

Mon, August 4, 2025 | 9:27AM ET

Congress Goes Home, Fed Open Seat, Tariffs

Despite President Trump’s call for the Senate to cancel its August break to get his nominees confirmed, the smell of jet fumes was just too...

Fri, August 1, 2025 | 12:12PM ET

- Tariff Day and Powell on Trump’s Mind

Mon, July 28, 2025 | 11:20AM ET

- Fed Week, Tariff Deadline, Congress Looks to Budget

Fri, July 25, 2025 | 12:37PM ET

- Powell in Spotlight, Tariffs, and Epstein

Fed Watch

Fed Watch

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

The Great Rate Debate

The Federal Reserve held its benchmark interest rate steady today, maintaining the target range at 4.25%–4.50%. Fed Chair Jerome Powell characterized current policy as “modestly...

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

- Dual Mandate Duel

Thu, May 8, 2025 | 11:00AM ET

- Fed Views Economy as Healthy, Sees No Reason to Rush Rate Cuts

Thu, March 20, 2025 | 10:11AM ET

- Powell Leans Dovish with "Transitory" Base Case for Tariffs

Earnings Daily

Latest

Earnings Daily

Fri, August 8, 2025 | 6:30AM ET

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/05/2025

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

Candymakers Are Gene-Editing Their Way To Becoming Willy Wonka

Our eyes are on the "new Fed" Chair announcement Friday. We continue to see shallow pullbacks and a new high for S&P 500 in August.

FS Insight 2Q25 Daily Earnings (EPS) Update – 08/08/2025

Tech Hardware favored over Software; Meanwhile Pharma/Biotech slides further

This is Just The Tip of Problems At The BLS

FS Insight 2Q25 Daily Earnings (EPS) Update – 08/07/2025

First Word

Our eyes are on the "new Fed" Chair announcement Friday. We continue to see shallow pullbacks and a new high for S&P 500 in August.

- President Trump to announce new Fed Chair by end of week, likely view as dovish by markets.

- Challenging week coming to a close, and lots of data Friday

- Equities consolidated the past 2 days, healthy digestion of 3% MTD gains. Probabilities favor stocks rising post-July FOMC rate decision.

Macro Minute Video

Video: Macro Minute: President Trump to announce new Fed Chair by end of week, likely view as dovish by markets.

- Video: Macro Minute: We are watching 4 things in August, including seasonals, but most watchful for Jackson Hole 8/21-8/23

- Video: Macro Minute: Challenging week coming to a close, and lots of data Friday

- Video: Macro Minute: Equities consolidated the past 2 days, healthy digestion of 3% MTD gains. Probabilities favor stocks rising post-July FOMC rate decision.

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

Tech Hardware favored over Software; Meanwhile Pharma/Biotech slides further

- AAPL & "Mag 7" outperformance should boost SPX over the next week

- LIVE Technical Stock Analysis - August 2025

- Crude oil likely has started its plunge to potentially test May lows

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

Stock Losses Mount After Soft Jobs Report

- Stocks Break Records Ahead of Eventful Week

- Markets Edge Up Despite Continued Noise from Tariffs

- Investors Strap On For Another Week of Stock Records Before Indexes Finish Down

First to Market

Candymakers Are Gene-Editing Their Way To Becoming Willy Wonka

- This is Just The Tip of Problems At The BLS

- Swiss Neutrality Goes Nowhere

- The Most Boring Government Agency Becomes Talk of The Town

Signal From Noise

AI: The New Sovereigns and Agents

- Beyond the Tech Boom: Are Consumer Stocks the Canary in the Tariff Coal Mine?

- Begin, the Drone Wars Have.

- I Replaced Google Searches with ChatGPT For A Week. Here’s What Happened.

US Policy

Congress Goes Home, Fed Open Seat, Tariffs

- Tariff Day and Powell on Trump’s Mind

- Fed Week, Tariff Deadline, Congress Looks to Budget

- Powell in Spotlight, Tariffs, and Epstein

Fed Watch

The Great Rate Debate

- Dual Mandate Duel

- Fed Views Economy as Healthy, Sees No Reason to Rush Rate Cuts

- Powell Leans Dovish with "Transitory" Base Case for Tariffs

Earnings Daily

FS Insight 2Q25 Daily Earnings (EPS) Update – 08/08/2025

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/07/2025

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/06/2025

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/05/2025

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.