Members Area

Macro Research

Latest Updates

Latest

Fed Watch

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

The Summer I Cut Rates

Latest

Daily Technical Strategy

Wed, September 17, 2025 | 7:18PM ET

FOMC meeting largely results in minor stalling out, but no serious reversal thus far

Latest

First to Market

Wed, September 17, 2025 | 9:18AM ET

How Come Consumers Keep Spending

First Word

Tue, September 16, 2025 | 9:00PM ET

MARKETING DECK: Dovish Fed is a positive, driving a broadening economy

Daily Technical Strategy

Tue, September 16, 2025 | 7:16PM ET

US Equities short-term risk/reward looks poor but consolidation would likely mark opportunity

First to Market

Tue, September 16, 2025 | 8:49AM ET

Quarterly Earnings Report May Just Peace Out

First Word

Tue, September 16, 2025 | 9:00PM ET

MARKETING DECK: Dovish Fed is a positive, driving a broadening economy

STILL A BULL MARKET: USA LEADERSHIP VERSUS REST OF WORLDINVESTMENT OUTLOOK BETTER NOW THAN START OF 2025FED MORE DOVISH IN 2026US COS SURVIVED 6TH MAJOR...

Wed, September 10, 2025 | 7:50AM ET

- $ORCL surge 27% after-hours shows that AI stocks still undervalued. BLS jobs report revisions show US did not add jobs in 2025 = dovish. Markets waiting for August Core CPI on Thu

Wed, August 27, 2025 | 7:50AM ET

- NVDA is flat into quarterly results (Wed after close), the first time since August 2022 = positive risk/reward. Equities still attractive here.

Wed, August 20, 2025 | 7:50AM ET

- As we move into the final months of 2025, the key pivots are "dovish Fed" and ISM recovery >50

Macro Minute Video

Macro Strategy

Tue, September 16, 2025 | 12:49AM ET

Video: Macro Minute: Post-FOMC, we see biggest gains from Crypto #BTC #ETH and MAG7 into year-end, mirroring Sept 2024

Video_: _Today is Fundstrat's 11th birthday!!! We discuss how post-FOMC, the boost in liquidity and the resulting move off "sidelines" are the biggest factors for...

Thu, September 11, 2025 | 5:05PM ET

- Video: Macro Minute: August Core CPI details show housing and autos were +0.27% of the +0.35% rise, arguing not new inflation wave. Jobless claim surge = Fed needs to cut

Thu, September 11, 2025 | 12:09AM ET

- Video: Macro Minute: August Core PPI came in -0.12% vs July Core PPI +0.65% shows evidence of poor seasonal adjustment. Eyes on Aug Core CPI Thu am

Tue, September 9, 2025 | 9:09PM ET

- Video: Macro Minute: $ORCL surge 27% after-hours shows that AI stocks still undervalued. BLS jobs report revisions show US did not add jobs in 2025 = dovish. Markets waiting for August Core CPI on Thu

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

Latest

Daily Technical Strategy

Wed, September 17, 2025 | 7:18PM ET

FOMC meeting largely results in minor stalling out, but no serious reversal thus far

NEAR-TERM AND INTERMEDIATE-TERM TECHNICAL TRENDS REMAIN BULLISH FOR US EQUITIES, BUT MOMENTUM REMAINS UNDER PRESSURE IN THE NEAR-TERM GIVEN THE RECENT STALLING OUT INTO THIS...

Tue, September 16, 2025 | 7:16PM ET

- US Equities short-term risk/reward looks poor but consolidation would likely mark opportunity

Mon, September 15, 2025 | 6:53PM ET

- Short-term warnings starting to crop up; Could be important into FOMC

Fri, September 12, 2025 | 7:36PM ET

- Despite this week’s strength, I expect some stalling out post FOMC

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, September 12, 2025 | 5:25PM ET

Stocks Jump to Records Ahead of Largely Expected Rate Cuts Next Week

Good evening, Stocks are posting records after records in a defiance of the typically negative September seasonality month. The S&P 500 rose 1.6% to 6,584.29...

Fri, September 5, 2025 | 5:11PM ET

- Weak Jobs Report Reinforces Bets on Rate Cut This Month

Fri, August 29, 2025 | 5:17PM ET

- Is AI Fatigue Creeping Up on Stocks?

Fri, August 22, 2025 | 5:30PM ET

- Powell’s Jackson Hole Speech Fires Up Risky Assets

First to Market

Latest

First to Market

Wed, September 17, 2025 | 9:18AM ET

How Come Consumers Keep Spending

CHART OF THE DAY GOOD MORNING! America’s economic engine hasn’t sputtered, but the growth is very clearly stagnating. Retail sales in August rose 0.6% from...

Tue, September 16, 2025 | 8:49AM ET

- Quarterly Earnings Report May Just Peace Out

Mon, September 15, 2025 | 9:01AM ET

- The Disappearance of Fossil Fuels Might Be Further Away Than Some Had Thought

Fri, September 12, 2025 | 8:57AM ET

- The Job Market Needs More Than Just Rate Cuts

Signal From Noise

Sat, September 13, 2025 | 10:15AM ET

Space Stocks, Pt. II: Shooting for the Moon – and Beyond

In 1959, authors Mae and Ira Freeman wrote a book geared toward young readers, "You Will Go to the Moon," suggesting that children at the...

Sat, August 23, 2025 | 10:30AM ET

- Space Stocks: The Companies Helping Us Reach Escape Velocity

Sat, August 9, 2025 | 10:19AM ET

- Tech 2.0: Power Providers’ Version

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

- AI: The New Sovereigns and Agents

US Policy

US Policy

Mon, September 15, 2025 | 11:40AM ET

Fed Day, Budget Deadline Nears

The last time the Fed’s Federal Open Markets Committee (FOMC) met was July 29/30. Like most of Washington, Fed officials often set aside time in...

Fri, September 12, 2025 | 1:06PM ET

- Fed Drama, Budget Deadline

Mon, September 8, 2025 | 9:49AM ET

- Government Funding, Fed and Tariffs

Fri, September 5, 2025 | 1:03PM ET

- Fed and Tariffs

Fed Watch

Latest

Fed Watch

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

The Summer I Cut Rates

“When our goals are in tension like this, our framework calls for us to balance both sides of our dual mandate.” - Jay Powell The...

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

- The Great Rate Debate

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

Earnings Daily

Thu, August 28, 2025 | 6:30AM ET

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/25/2025

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

The Summer I Cut Rates

FOMC meeting largely results in minor stalling out, but no serious reversal thus far

How Come Consumers Keep Spending

MARKETING DECK: Dovish Fed is a positive, driving a broadening economy

US Equities short-term risk/reward looks poor but consolidation would likely mark opportunity

Quarterly Earnings Report May Just Peace Out

First Word

MARKETING DECK: Dovish Fed is a positive, driving a broadening economy

- $ORCL surge 27% after-hours shows that AI stocks still undervalued. BLS jobs report revisions show US did not add jobs in 2025 = dovish. Markets waiting for August Core CPI on Thu

- NVDA is flat into quarterly results (Wed after close), the first time since August 2022 = positive risk/reward. Equities still attractive here.

- As we move into the final months of 2025, the key pivots are "dovish Fed" and ISM recovery >50

Macro Minute Video

Video: Macro Minute: Post-FOMC, we see biggest gains from Crypto #BTC #ETH and MAG7 into year-end, mirroring Sept 2024

- Video: Macro Minute: August Core CPI details show housing and autos were +0.27% of the +0.35% rise, arguing not new inflation wave. Jobless claim surge = Fed needs to cut

- Video: Macro Minute: August Core PPI came in -0.12% vs July Core PPI +0.65% shows evidence of poor seasonal adjustment. Eyes on Aug Core CPI Thu am

- Video: Macro Minute: $ORCL surge 27% after-hours shows that AI stocks still undervalued. BLS jobs report revisions show US did not add jobs in 2025 = dovish. Markets waiting for August Core CPI on Thu

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

FOMC meeting largely results in minor stalling out, but no serious reversal thus far

- US Equities short-term risk/reward looks poor but consolidation would likely mark opportunity

- Short-term warnings starting to crop up; Could be important into FOMC

- Despite this week’s strength, I expect some stalling out post FOMC

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 Jump to Records Ahead of Largely Expected Rate Cuts Next Week

- Weak Jobs Report Reinforces Bets on Rate Cut This Month

- Is AI Fatigue Creeping Up on Stocks?

- Powell’s Jackson Hole Speech Fires Up Risky Assets

First to Market

How Come Consumers Keep Spending

- Quarterly Earnings Report May Just Peace Out

- The Disappearance of Fossil Fuels Might Be Further Away Than Some Had Thought

- The Job Market Needs More Than Just Rate Cuts

Signal From Noise

Space Stocks, Pt. II: Shooting for the Moon – and Beyond

- Space Stocks: The Companies Helping Us Reach Escape Velocity

- Tech 2.0: Power Providers’ Version

- AI: The New Sovereigns and Agents

US Policy

Fed Day, Budget Deadline Nears

- Fed Drama, Budget Deadline

- Government Funding, Fed and Tariffs

- Fed and Tariffs

Fed Watch

The Summer I Cut Rates

- The Great Rate Debate

- Dual Mandate Duel

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

Earnings Daily

FS Insight 2Q25 Daily Earnings (EPS) Update – 08/28/2025

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/27/2025

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/26/2025

- FS Insight 2Q25 Daily Earnings (EPS) Update – 08/25/2025

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.