TRENDS WERE PARTIALLY RECOUPED GIVEN FRIDAY’S EARLY BOUNCE, BUT IT’S STILL THOUGHT TO BE NECESSARY FOR TECHNOLOGY TO STRENGTHEN ENOUGH TO ELIMINATE THE DIVERGENCES SEEN...

Thu, February 5, 2026 | 7:27PM ET

- Stabilization in Software, Crypto could result in $SPX bottoming

Wed, February 4, 2026 | 8:09PM ET

- Big exodus out of Growth to Value; Meanwhile, Equal-weighted SPX has hit new all-time highs

Tue, February 3, 2026 | 7:51PM ET

- Energy’s rally is getting too bullish to ignore

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

Latest

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

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

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

CHART OF THE DAY GOOD MORNING! Demographic trends are often used to forecast consumer trends, but for retailers, the correlation is starting to blur. We've...

Thu, February 5, 2026 | 8:54AM ET

- It's Getting Crowded in Satellite Space

Wed, February 4, 2026 | 8:58AM ET

- As Amazon and Walmart Converge, Retailers Are Jostling for Elbow Room

Tue, February 3, 2026 | 8:40AM ET

- Tesla Leaves the Fast Lane, But the EV Highway Continues

Signal From Noise

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

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

Quantum stocks might be having their moment and investment-focused observers might view this as cutting edge. But just as AI has its academic roots in...

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

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

- Which Retail Stocks To Put Under Your Christmas Tree?

US Policy

Latest

US Policy

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

Government Reopens (Mostly)

Most of the U.S. government is now funded through the remainder of the current fiscal year that runs until Oct. 1. As Congress strives to...

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

Mon, January 26, 2026 | 10:42AM ET

- Shutdown Deadline Looms, Fed Decision Week

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

Fri, February 6, 2026 | 6:30AM ET

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/03/2026

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

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

Government Reopens (Mostly)

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

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

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

SaaS-Pocalyse Shows Signs of Pausing

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: 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.

- Video: Macro Minute: FOMC rate decision "no cut" as expected. But Fed is incrementally dovish as they see narrowing risks and 2 dissenters for a cut

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

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

- Stabilization in Software, Crypto could result in $SPX bottoming

- Big exodus out of Growth to Value; Meanwhile, Equal-weighted SPX has hit new all-time highs

- Energy’s rally is getting too bullish to ignore

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

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

- It's Getting Crowded in Satellite Space

- As Amazon and Walmart Converge, Retailers Are Jostling for Elbow Room

- Tesla Leaves the Fast Lane, But the EV Highway Continues

Signal From Noise

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

- Which Retail Stocks To Put Under Your Christmas Tree?

US Policy

Government Reopens (Mostly)

- Partial Shutdown, Midterm Trends, Fed Chair

- Government Shutdown, New Fed Chair

- Shutdown Deadline Looms, Fed Decision Week

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 – 02/06/2026

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/05/2026

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/04/2026

- FS Insight 4Q25 Daily Earnings (EPS) Update – 02/03/2026

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.