Prices as of 2026-02-25 16:20:42 ET
Ticker Appearances
First Word
ECB makes dovish turn, risk rallies… a harbinger to when that day arrives for Fed. Removing tactical OW of regional banks.
We discuss: It’s been a data heavy week, but the big news is ECB yesterday and it’s dovish impact on bond markets. Please click below...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
Strength in stocks YTD is explained by better fundamentals + drop in VIX. And now 26 groups are in solid positive trend (vs 4 a month ago). Next week remains one of most critical of 2023.
The upside breakout in equities puts the S&P 500 near 4,300, a key round number and near the August 2022 highs (4,325). Our base remains...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
"Buy the dip" regime back since March 23, 2023 as analysis shows S&P 500 regain 2% losses less than 1 month, reversing "sell the rip" regime of 2022. Stick with FAANG, Industrials and tactically Regional banks.
NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY <-- TRAVELING _SKIP...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
FAANG default risk (CDS) less US govt = more reason to OW (even now). Regional banks see DeMark "13" buy setup = stick along with OW "temporary Fed put"
NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY (traveling) _SKIP...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
Potentially "hot" April CPI report, testing height Fed pause bar...but so far 2023 is a "game of inches" where bulls gaining. Even global GDP creeping higher.
NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS Market direction in 2023 feels like a "game of inches" (Al Pacino...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
Post-FOMC fallout creates temporary "Fed put" on regional banks -- hence, recommend 4-6 week tactical OW in regional banks $KRE plus 5 regional stocks
NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS Last week, we were in Boston visiting with our institutional investor clients....
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
ECB makes dovish turn, risk rallies… a harbinger to when that day arrives for Fed. Removing tactical OW of regional banks.
We discuss: It’s been a data heavy week, but the big news is ECB yesterday and it’s dovish impact on bond markets. Please click below...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
Strength in stocks YTD is explained by better fundamentals + drop in VIX. And now 26 groups are in solid positive trend (vs 4 a month ago). Next week remains one of most critical of 2023.
The upside breakout in equities puts the S&P 500 near 4,300, a key round number and near the August 2022 highs (4,325). Our base remains...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
"Buy the dip" regime back since March 23, 2023 as analysis shows S&P 500 regain 2% losses less than 1 month, reversing "sell the rip" regime of 2022. Stick with FAANG, Industrials and tactically Regional banks.
NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY <-- TRAVELING _SKIP...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
FAANG default risk (CDS) less US govt = more reason to OW (even now). Regional banks see DeMark "13" buy setup = stick along with OW "temporary Fed put"
NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY (traveling) _SKIP...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
Potentially "hot" April CPI report, testing height Fed pause bar...but so far 2023 is a "game of inches" where bulls gaining. Even global GDP creeping higher.
NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS Market direction in 2023 feels like a "game of inches" (Al Pacino...
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
First Word
Post-FOMC fallout creates temporary "Fed put" on regional banks -- hence, recommend 4-6 week tactical OW in regional banks $KRE plus 5 regional stocks
NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS Last week, we were in Boston visiting with our institutional investor clients....
This report is accessible to FSI Pro, FSI Macro memberships.
You have viewed the limit of 2 reports for free this month.
To continue reading our research please sign up below.
Already have an account? Sign In 948831-6eabfc-f25f7e-1e2393-ca668c
Visitor: 948831-6eabfc-f25f7e-1e2393-ca668c Array ( [cookie] => 948831-6eabfc-f25f7e-1e2393-ca668c [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [user_id] => 37875 [IP] => 216.73.216.35 )
