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Name: FS Insight
Price range: $$$

Head of Global Portfolio Strategy and Asset Allocation

With negative headlines continuing to hit the tape, the U.S. equity continues to climb the wall of worry as the bears get louder and louder, voicing both their displeasure and amazement. Our work continues to be medium term constructive and still supports a barbell approach towards secular growth/FAANG and Values/Cyclicals.

Given the riots across the country and rising US-China tensions, the bears are vocal that the current move is unjustified and will end painfully at any minute. However, based on our work, we do not support this negative outlook and have been advising investors to keep their eyes on the bigger picture —the economy is beginning to heal and there is massive monetary/fiscal stimulus to fuel equity prices on a 6-12 month view.

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Thomas J. Lee

Head of Research

Type	Publication
Reports	First Word The best market research out there -- on a near-daily basis.
	Intraday Alerts These are released periodically after crucial market developments.	Real-Time
	Weekly Roadmap Weekly summary of market events and updates on our key theses.
Webinars & Videos	Macro Minute Video Daily video commentary on market conditions & key events.
	Outlook Webinars We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!	Yearly
	Granny Shots Webinars
	CEO Interview Webinars	Quarterly
	Appearances Archive	Real-Time
Allocation Tools	"Super Granny" Shots Stock List Granny Shots we expect to tactically outperform and underperform.
	Granny Shots Stock List Thematic investment stock picks that aim to outperform the S&P 500.
	Sector Allocation A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.
Market Alerts	⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads.	Real-Time

Mark L. Newton

Head of Technical Strategy

Type	Publication
Reports	Daily Technical Strategy Daily commentary on market trends and short term opportunities.
	Weekly Roadmap Weekly summary of market events and updates on our key theses.
Webinars & Videos	Daily Technical Strategy Daily commentary on market trends and short term opportunities.
	Live Technical Analysis
	Outlook Webinars We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!	Yearly
	Appearances Archive	Real-Time
Allocation Tools	Newton's Upticks Stock List Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.
Market Alerts	⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads.

L. Thomas Block

Washington Policy Strategy

Type	Publication
Reports	US Policy Weekly update on developments in Washington DC and how they may impact Wall Street.
	Weekly Roadmap Weekly summary of market events and updates on our key theses.
Market Alerts	⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads.	Real-Time

Sean Farrell & Crypto Team

Type	Publication
Reports	Market Update Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.
	Weekly Strategy Weekly summary of market events and updates on our key theses.
	Funding Fridays Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!
	Crypto Concepts We periodically provide in-depth research on the leading protocols, companies, and funds shaping the crypto ecosystem.
	Liquid Ventures A recurring research note focused on delivering unique insights into high-risk investment opportunities within the crypto ecosystem, primarily centered on early-stage or small-cap tokens.
	Deep Research We periodically provide in-depth research on the leading protocols, companies, and funds shaping the crypto ecosystem.	Quarterly
	Weekly Roadmap Weekly summary of market events and updates on our key theses.
Webinars & Videos	Outlook Webinars Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.	Yearly
Crypto Comments	Daily Technical Strategy From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.
Allocation Tools	Crypto Core Strategy A powerful tool designed to help crypto investors build a crypto portfolio that outperforms the industry’s king – bitcoin – regardless of market conditions.
Market Alerts	⚡️FlashInsights Real-time market commentary about macro and crypto events from our research heads.	Real-Time

FS Insight Research Team

Type	Publication
Reports	First to Market
	*Earnings Daily This note provides investors with a myriad of useful metrics to measure the progress of earnings season
	Signal From Noise Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.
	Community Questions We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!
	FS Insight Academy Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.
Webinars & Videos	Free Macro Webinars Live webinars and Q&A with our research team and high-profile industry leaders.	Quarterly
	Free Crypto Webinars Live webinars and Q&A with our research team and high-profile industry leaders.	Quarterly

*Daily reporting during each quarterly earnings season.

More from the author

Brian Rauscher, CFA ^AC

Head of Global Portfolio Strategy and Asset Allocation

Disclosures (show)

This research is for the clients of FS Insight only. FSI Subscription entitles the subscriber to 1 user, research cannot be shared or redistributed. For additional information, please contact your sales representative or FS Insight at fsinsight.com.

Analyst Certification (Reg AC)

Brian Rauscher, CFA, the research analyst denoted by an “AC” on the cover of this report, hereby certifies that all of the views expressed in this report accurately reflect his personal views, which have not been influenced by considerations of the firm’s business or client relationships. Neither I, nor a member of my household is an officer, director, or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that is/are the subject of this research report. There is a possibility that we will from time to time have long or short positions in, and buy or sell, the securities or derivatives, if any, referred to in this research.

Conflicts of Interest

This research contains the views, opinions and recommendations of FS Insight. At the time of publication of this report, FS Insight does not know of, or have reason to know of any material conflicts of interest.

General Disclosures

FS Insight is an independent research company and is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws.

FS Insight is a member of IRC Securities’ Research Prime Services Platform. IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry. Certain personnel of FS Insight (i.e. Research Analysts) are registered representatives of IRC Securities, a FINRA member firm registered as a broker-dealer with the Securities and Exchange Commission and certain state securities regulators. As registered representatives and independent contractors of IRC Securities, such personnel may receive commissions paid to or shared with IRC Securities for transactions placed by FS Insight clients directly with IRC Securities or with securities firms that may share commissions with IRC Securities in accordance with applicable SEC and FINRA requirements. IRC Securities does not distribute the research of FS Insight, which is available to select institutional clients that have engaged FS Insight.

As registered representatives of IRC Securities our analysts must follow IRC Securities’ Written Supervisory Procedures. Notable compliance policies include (1) prohibition of insider trading or the facilitation thereof, (2) maintaining client confidentiality, (3) archival of electronic communications, and (4) appropriate use of electronic communications, amongst other compliance related policies.

FS Insight does not have the same conflicts that traditional sell-side research organizations have because FS Insight (1) does not conduct any investment banking activities, and (2) does not manage any investment funds.

This communication is issued by FS Insight and/or affiliates of FS Insight. This is not a personal recommendation, nor an offer to buy or sell nor a solicitation to buy or sell any securities, investment products or other financial instruments or services. This material is distributed for general informational and educational purposes only and is not intended to constitute legal, tax, accounting or investment advice.
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This research is for the clients of FS Insight only. Additional information is available upon request. Information has been obtained from sources believed to be reliable, but FS Insight does not warrant its completeness or accuracy except with respect to any disclosures relative to FS Insight and the analyst’s involvement (if any) with any of the subject companies of the research. All pricing is as of the market close for the securities discussed, unless otherwise stated. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, risk tolerance, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies. The recipient of this report must make its own independent decision regarding any securities or financial instruments mentioned herein. Except in circumstances where FS Insight expressly agrees otherwise in writing, FS Insight is not acting as a municipal advisor and the opinions or views contained herein are not intended to be, and do not constitute, advice, including within the meaning of Section 15B of the Securities Exchange Act of 1934. All research reports are disseminated and available to all clients simultaneously through electronic publication to our internal client website, fsinsight.com. Not all research content is redistributed to our clients or made available to third-party aggregators or the media. Please contact your sales representative if you would like to receive any of our research publications.

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