Members Area

Macro Research

Latest Updates

Signal From Noise

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

Which Retail Stocks To Put Under Your Christmas Tree?

Daily Technical Strategy

Fri, December 5, 2025 | 7:26PM ET

Broader market breakout ahead of FOMC should be unlikely

US Policy

Fri, December 5, 2025 | 12:03PM ET

Tennessee Election, New Shutdown Date

First to Market

Fri, December 5, 2025 | 8:42AM ET

Trump's Tiny Tots Nest-Egg Plan Could Tickle the Finance Sector

Earnings Daily

Fri, December 5, 2025 | 6:30AM ET

FS Insight 3Q25 Daily Earnings (EPS) Update – 12/05/2025

Your Weekly Roadmap

Fri, December 5, 2025 | 5:33PM ET

Stocks Edge Higher in December Ahead of Widely Expected Rate Cut Next Week

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

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

Video_: _Investors have been bearish for 75% of the weeks in 2025, based upon AAII. We believe this reflects the fact that many investors sold...

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

Tue, November 25, 2025 | 7:43PM ET

- Video: Macro Minute: We continue to expect stocks to rally into YE. Equity markets like the potential of a dovish new Fed Chair

Mon, November 24, 2025 | 5:49PM ET

- Video: Macro Minute: 5 reasons we still expect a YE S&P 500 rally to 7,000-7,300

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, December 5, 2025 | 7:26PM ET

Broader market breakout ahead of FOMC should be unlikely

THE NEAR-TERM TREND FOR US EQUITIES IS BULLISH, BUT IT’S THOUGHT THAT SPX, QQQ, AND EQUAL-WEIGHTED SPX ALL LIKELY STALL OUT AND THERE'S SOME CONSOLIDATION...

Thu, December 4, 2025 | 6:21PM ET

- IWM could set new all-time high weekly close heading into Friday

Wed, December 3, 2025 | 6:02PM ET

- Small caps, Financials, Industrials all starting to make headway, higher

Tue, December 2, 2025 | 11:27PM ET

- The US Dollar looks to have begun its descent back to new 2025 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

Fri, December 5, 2025 | 5:33PM ET

Stocks Edge Higher in December Ahead of Widely Expected Rate Cut Next Week

Good evening, The S&P 500 edged higher to start a seasonally strong December. The broad-based index rallied 0.3% this week, while the Nasdaq Composite increased...

Fri, November 28, 2025 | 3:01PM ET

- Stocks Surge Out of "November Chop"

Fri, November 21, 2025 | 5:51PM ET

- Stock Losses Accelerated Despite Nvidia’s Standout Earnings

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

- Stocks Seek Backstop During "November Chop"

First to Market

Fri, December 5, 2025 | 8:42AM ET

Trump's Tiny Tots Nest-Egg Plan Could Tickle the Finance Sector

CHART OF THE DAY GOOD MORNING! The White House's so-called Trump Accounts, which were approved as part of the president's One Big Beautiful Bill legislation,...

Thu, December 4, 2025 | 8:52AM ET

- With Airbus Stumbling, Is It Boeing's Turn to Take Off?

Wed, December 3, 2025 | 8:40AM ET

- Non-U.S. AIs Seek Open-Weight Advantage in Market-Share Matchup

Tue, December 2, 2025 | 8:54AM ET

- AI, Ma Bell, and the Case for Oligopolies

Signal From Noise

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

Which Retail Stocks To Put Under Your Christmas Tree?

Recent earnings reports suggest that consumers of all economic backgrounds will keep spending money as long as they can spot a good deal. Some retail...

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.

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

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

US Policy

Fri, December 5, 2025 | 12:03PM ET

Tennessee Election, New Shutdown Date

Tuesday saw a special election in Tennessee to fill the vacant seat of Republican Mark Green who resigned from Congress in July. In 2024, both...

Mon, December 1, 2025 | 10:22AM ET

- Special House Election, Congress Returns

Mon, November 24, 2025 | 10:29AM ET

- Slow Holiday Week in Washington

Fri, November 21, 2025 | 1:09PM ET

- Epstein and Budgets

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

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

Which Retail Stocks To Put Under Your Christmas Tree?

Broader market breakout ahead of FOMC should be unlikely

Tennessee Election, New Shutdown Date

Trump's Tiny Tots Nest-Egg Plan Could Tickle the Finance Sector

FS Insight 3Q25 Daily Earnings (EPS) Update – 12/05/2025

Stocks Edge Higher in December Ahead of Widely Expected Rate Cut Next Week

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: 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

- Video: Macro Minute: We continue to expect stocks to rally into YE. Equity markets like the potential of a dovish new Fed Chair

- Video: Macro Minute: 5 reasons we still expect a YE S&P 500 rally to 7,000-7,300

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

Broader market breakout ahead of FOMC should be unlikely

- IWM could set new all-time high weekly close heading into Friday

- Small caps, Financials, Industrials all starting to make headway, higher

- The US Dollar looks to have begun its descent back to new 2025 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

Stocks Edge Higher in December Ahead of Widely Expected Rate Cut Next Week

- Stocks Surge Out of "November Chop"

- Stock Losses Accelerated Despite Nvidia’s Standout Earnings

- Stocks Seek Backstop During "November Chop"

First to Market

Trump's Tiny Tots Nest-Egg Plan Could Tickle the Finance Sector

- With Airbus Stumbling, Is It Boeing's Turn to Take Off?

- Non-U.S. AIs Seek Open-Weight Advantage in Market-Share Matchup

- AI, Ma Bell, and the Case for Oligopolies

Signal From Noise

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.

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

US Policy

Tennessee Election, New Shutdown Date

- Special House Election, Congress Returns

- Slow Holiday Week in Washington

- Epstein and Budgets

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 – 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.