Welcome to Fundstrat
A differentiated approach to market strategy and sector research

We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines both top-down strategy and bottoms-up fundamental views, to develop a roadmap of practical and useful investment insights for our clients.


Download our Brochure


Welcome to Fundstrat
A differentiated approach to market strategy and sector research

We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines both top-down strategy and bottoms-up fundamental views, to develop a roadmap of practical and useful investment insights for our clients.


Download our Brochure





We upgrade Industrials from Neutral to OW given multiple factors point to an acceleration of capex in develop…

We see Europe HY yield up 49 bps in past 2 week more as a sector call rather than a market call. Still, we v…

We see for the first time all year, Energy is attractive from all Portfolio Strategy, Quantitative and Techni…

We see "search for carry" still in play but could become “search for scary” next year.

We see total return of 6% for FANG in 2018—EPS growth of +37% (consensus) offset by -14X turns of P/E de-ra…

More reports are available in the Research Library.



We see the more important technical developments remain at the style, sector and gro…

We see weekly momentum decelerating but S&P 500 uptrends intact, Growth vs Value rem…

We see cyclical rebound/recovery broadening as a growing number of economy sensitive…

We see Cyclicals pullback to support. our expectation remains that recent pullbacks …

We see long-term cycle trend remains positive; intermediate-term indicators continue…

More reports are available in the Research Library.



Macro-Enabled Spreadsheets for DQM Dec Portfolio

The Doctor Quant Model (DQM) trailed the S&P 500 Equal Weight benchmark in November,…

Macro-Enabled Spreadsheets for DQM Sep 30 Portfolio

Tech and Industrials sectors added weight in our 9/30 Doctor Quant Model (DQM, slide…

Macro-Enabled Spreadsheets for DQM Aug 31 Portfolio

More reports are available in the Research Library.



We see arrival of liquidity products like CME Futures, margin trading and lending an…

We are raising our mid-2018 Target of Bitcoin to $11,500 and that of Bitcoin Investm…

We are long-term constructive on bitcoin and the fundamental value creation associat…

We see GBTC at $688 and with 20% NAV premium is an attractive way to gain exposure t…

We are introducing a series of reference indices, each series described as FS Crypto…

More reports are available in the Research Library.



We see this was a vote against Roy Moore, and it would be a mistake to interpret thi…

Republican tax bill in final push for passage by Christmas. Senate passage last wee…

Congress returns this week with the executive expectation that the Senate will act o…

Senate Finance Committee starts “mark-up” consideration of Senate version of Rep…

After failing to repeal and replace Obamacare, the President and his Republican alli…

More reports are available in the Research Library.




We upgrade Industrials from Neutral to OW given multiple factors point to an acceleration of capex in develop…

We see Europe HY yield up 49 bps in past 2 week more as a sector call rather than a market call. Still, we v…

We see for the first time all year, Energy is attractive from all Portfolio Strategy, Quantitative and Techni…

More reports are available in the Research Library.



We see the more important technical developments remain at the style, sector and gro…

We see weekly momentum decelerating but S&P 500 uptrends intact, Growth vs Value rem…

We see cyclical rebound/recovery broadening as a growing number of economy sensitive…

More reports are available in the Research Library.




Macro-Enabled Spreadsheets for DQM Dec Portfolio

The Doctor Quant Model (DQM) trailed the S&P 500 Equal Weight benchmark in November,…

Macro-Enabled Spreadsheets for DQM Sep 30 Portfolio

More reports are available in the Research Library.



We see arrival of liquidity products like CME Futures, margin trading and lending an…

We are raising our mid-2018 Target of Bitcoin to $11,500 and that of Bitcoin Investm…

We are long-term constructive on bitcoin and the fundamental value creation associat…

More reports are available in the Research Library.




We see this was a vote against Roy Moore, and it would be a mistake to interpret thi…

Republican tax bill in final push for passage by Christmas. Senate passage last wee…

Congress returns this week with the executive expectation that the Senate will act o…

More reports are available in the Research Library.





We upgrade Industrials from Neutral to OW given multiple factors point to an acceleration of capex in develop…

We see Europe HY yield up 49 bps in past 2 week more as a sector call rather than a market call. Still, we v…

We see for the first time all year, Energy is attractive from all Portfolio Strategy, Quantitative and Techni…

We see "search for carry" still in play but could become “search for scary” next year.

More reports are available in the Research Library.



We see the more important technical developments remain at the style, sector and gro…

We see weekly momentum decelerating but S&P 500 uptrends intact, Growth vs Value rem…

We see cyclical rebound/recovery broadening as a growing number of economy sensitive…

We see Cyclicals pullback to support. our expectation remains that recent pullbacks …

More reports are available in the Research Library.



Macro-Enabled Spreadsheets for DQM Dec Portfolio

The Doctor Quant Model (DQM) trailed the S&P 500 Equal Weight benchmark in November,…

Macro-Enabled Spreadsheets for DQM Sep 30 Portfolio

Tech and Industrials sectors added weight in our 9/30 Doctor Quant Model (DQM, slide…

More reports are available in the Research Library.



We see arrival of liquidity products like CME Futures, margin trading and lending an…

We are raising our mid-2018 Target of Bitcoin to $11,500 and that of Bitcoin Investm…

We are long-term constructive on bitcoin and the fundamental value creation associat…

We see GBTC at $688 and with 20% NAV premium is an attractive way to gain exposure t…

More reports are available in the Research Library.



We see this was a vote against Roy Moore, and it would be a mistake to interpret thi…

Republican tax bill in final push for passage by Christmas. Senate passage last wee…

Congress returns this week with the executive expectation that the Senate will act o…

Senate Finance Committee starts “mark-up” consideration of Senate version of Rep…

More reports are available in the Research Library.