About the Strategist
Thomas J. Lee, CFA – Co-Founder, Head of Research
Thomas Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to co-founding Fundstrat, he served as J.P. Morgan’s Chief Equity Strategist from 2007 to 2014, and previously as Managing Director at Salomon Smith Barney.
Our Approach
Actionable Investment Ideas
- Tailored recommendations based on macro trends
- Sector-specific actionable insights for optimal portfolio positioning
- Frequent updates ensuring timely decision-making
Global Economic Health
- Periodic assessments of global GDP growth
- Evaluations of leading and lagging economic indicators
- In-depth analysis of global trade patterns
Monetary Policies and Central Banks
- Insights into global central bank actions
- Predictive analysis of interest rate shifts
- Assessment of quantitative easing impacts
Inflation Dynamics
- Comprehensive reviews of inflationary trends
- Insights into core vs. headline inflation
- Evaluations of factors driving inflationary pressures
Interest Rates and Fixed Income Markets
- Analysis of yield curves and their implications
- Predictions on interest rate trajectories
- Insights into global bond markets
Sector Weighting
- Sectoral analysis based on macroeconomic shifts
- Recommendations on sector allocations
- Insights into emerging sector opportunities
Currency Markets
- Deep dives into major and minor currency pairs
- Analysis of geopolitical events affecting currency values
- Predictions on future currency strength and weaknesses
Commodities and Energy
- Examination of oil, gold, and other commodity price movements
- Insights into supply-demand dynamics
- Predictions based on geopolitical and environmental factors
Emerging Markets
- Comprehensive analysis of burgeoning economies
- Evaluations of risks and opportunities in specific regions
- Insights into trade dynamics affecting emerging markets
Demographics and Social Trends
- Analysis of global demographic shifts
- Insights into supply-demand dynamics
- Predictions based on geopolitical and environmental factors
Geopolitical Risks
- Comprehensive assessment of global political events
- Predictions on market reactions to geopolitical tensions
- Analysis of potential economic sanctions and their impacts
Sustainability and Climate Economics
- Examination of oil, gold, and other commodity price movements
- Insights into supply-demand dynamics
- Predictions based on geopolitical and environmental factors
Research and Coverage
Reports
First Word
Delve deep into a holistic market overview with our "First Word" reports. Scrutinize macro indicators, current trends, and sector rotations, and unravel fact-based evidence that points towards prospective market opportunities.
Two steps forward, one step back, yet equities still up 1% for the week. Friday's March PCE important.
VIDEO: This has been a challenging week for markets, but the overall message to us is companies are delivering strong earnings and investors are still wary that inflation might be accelerating. We get a better answer with April CPI in a few...
⚡️FlashInsights
Dive into real-time market insights with Tom Lee as he navigates through crucial market dynamics and events pivotal to macro strategy. Stay informed, stay ahead.
Thomas J. Lee, CFA, CFA
Head of ResearchS&P 500 has closed lower for 4 consecutive days (including today). Why are stocks bleeding lower? * in our view, this is evidence investors are “de-leveraging” as risks of a broader conflict with Iran-Israel push investors to the sidelines How long will...
Thomas J. Lee, CFA, CFA
Head of ResearchJust a heads up I am on CNBC Closing Bell at 3:20pm ET * when stocks sell off on “war risk,” effects are short-lived * still see gas in the tank * Earnings are expected to be good = upside for stocks...
Intraday Alerts
When the market takes unexpected turns, our "Intraday Alerts" come to your rescue. These short-form reports clarify significant market-moving events, ensuring you're never caught off-guard and always make informed decisions.
INTRADAY ALERT: March CPI creates max pain moment. Why is CPI "hot" but U Mich shows falling inflation expectations? "hot" CPI due to same issues --> auto insurance and auto-related
March CPI released came in "hot" with Core CPI of +0.36% vs Street of +0.30% and this is triggering a sizable sell-off in equities. This is fueling the skepticism of the "inflation is stubborn" cohorts, but as we discuss below, this is...
Granny Shots
Explore the market's latent potentials with "Granny Shots". This in-depth report accentuates dominant themes and trends, spotlighting individual stocks set to transcend market expectations.
6
Themes
40
Stocks
- Super Grannies
- Sleeping grannies
- Updated Monthly
Earnings
When earnings season rolls around, we've got you covered. Our comprehensive reports detail earning conditions, earning beats, and stock performance by sector, providing a clear and insightful analysis of the market's response to earnings releases.
Fundstrat 1Q24 Daily Earnings (EPS) Update - 4/26/24
Click HERE to view the report in PDF format. * 158 companies are reporting this week. * Of the 216 companies that have reported so far (43% of the S&P 500): * Overall, 57% are beating estimates, and those that "beat" are...
Weekly Roadmap
End your week with our "Weekly Roadmap", a summary that encapsulates our expert views and closing remarks for the week. This digest is crafted to bring all market happenings and our insights into one coherent context, ensuring you're well-informed and ready for the week ahead.
Good Grit
Last week was a challenging one for markets. Still, the overall message to us, says Fundstrat Head of Research Tom Lee, is that "companies are delivering strong earnings and investors are still wary that inflation might be accelerating."...
Fundstrat Team
Media
Macro Minute Video
Visualize macro strategy insights with "Macro Minute". These concise video briefings furnish clients with a snapshot of present market opportunities and prevailing trends, ensuring you're always one step ahead in the investment game.
April 24, 2024
VIDEO FLASH: Some soul searching might happen post-META, but the core drivers of positive/risk reward remain in place, and a 2% rally does not relieve that
_VIDEO: WHILE $META RESULTS DISAPPOINTED, THE COMPANY'S COMPETITIVE ADVANTAGES REMAIN ENVIABLE. AND THE DRIVERS OF A RALLY REMAIN INTACT._ _MORE IN TODAY'S MACRO MINUTE VIDEO_ linked here. _(DURATION: 5:10)_
Thomas J. Lee, CFA, CFA
Head of ResearchAnnual Outlook
As we look ahead, our annual outlook serves as a comprehensive guide for our clients, detailing our predictions and strategies for different sectors and indexes in the upcoming year. This outlook is crucial in helping our clients position themselves for future market developments.
Tom Lee's 2024 Market Outlook
– 2024 Macro and Strategy Outlook – Key Sectors to Overweight & Potential Risks – EPS Outlook & S&P 500 Year-End Price Target
Thomas J. Lee, CFA
Head of Research
Market Update Webinar
Stay abreast of market trends and have your queries resolved with our Market Update webinars. These sessions are designed to provide clarity on current market conditions and assist clients in strategizing accordingly.
Tom Lee’s Granny Shots Stock List & Market Update – April 2024
We will provide the monthly update to our Super Granny Shots, as Tom Lee once again provides a comprehensive deep dive into the names we like the most in today’s...
Thomas J. Lee, CFA
Head of Research
Mark L. Newton, CMT
Head of Technical Strategy
Special Webinars
Our special webinars are dedicated to unraveling specific market phenomena such as inflation and other vital macro metrics. These sessions provide in-depth insights, aiding clients in navigating through complex market dynamics.
CEO Interviews
Leverage our extensive network as we sit down with prominent CEOs to gain firsthand insights into the landscape of their respective sectors or sub-industries. These interviews are a goldmine of information, offering unique perspectives that can significantly impact investment strategies.
Zeta: The AI-Powered Marketing Cloud Making Sophisticated Marketing Simple
– Learn about the current marketing landscape, where fragmented tools, processes, and poorly integrated customer data hinder the creation of compelling marketing campaigns – Gain insight into how Zeta leverages a...
Thomas J. Lee, CFA
Head of Research
David Steinberg
Co-Founder, Chairman & CEO Zeta Global
Chris Greiner
Expert Interviews
In our commitment to provide multi-faceted insights, we conduct interviews with technical experts and other key industry figures, shedding light on nuanced aspects of the market and bringing diverse perspectives to our clients.
Technology & AI Outlook with Tom Lee and Dan Ives
Thomas J. Lee, CFA
Head of Research
Dan Ives
Managing Director, Equity Research at Wedbush Securities
Fund Managers Interviews
We delve into the minds of fund managers, exploring their strategies and approaches in navigating the complexities of the current macroeconomic landscape. These interviews offer a glimpse into the world of fund management, providing valuable takeaways for our clients.
Blockchain Investment Group: A Fund of Funds Providing Access to Top Digital Asset Managers
Blockchain Investment Group is a crypto fund of funds that identifies, evaluates, and manages investments in crypto and blockchain-focused hedge funds. Agenda: Market Update from Tom Lee Introduction of Blockchain Investment Group Q&A with...
Thomas J. Lee, CFA
Head of Research
Sean Farrell
Head of Digital Asset Strategy
Eric Weiss
Founder & CIO, BIG
Archives
Appearances Media Archives
Our researchers make appearances across a variety of media outlets including podcasts, TV shows, newspapers, and financial magazines. We diligently track and archive these appearances, creating a comprehensive media library that our clients can refer to at their convenience.
Video: Nvidia stock still has room 'to push higher': Strategist
25 days ago
CNBC Media Archives
We maintain an archive of CNBC appearances by Tom Lee, our Head of Research, highlighting his role as a contributor of note to a premier news platform. Much more than occasional opportunities, these are regular invitations to weigh in on market-moving topics. The habit of seeing Tom on a CNBC screen underscores the degree to which the financial media recognizes his ability to consistently generate market insights – which are also available to our subscribers in greater detail and in multiple formats via our research reports, videos, webinars, and client calls.
Video: Stock market's earnings backdrop upholds positive outlook, says Fundstrat's Tom Lee
1 day ago
Sample Reports
Probabilities suggest "hot" Feb core CPI above consensus of +0.30%. Jan "hot" CPI drove a 3% sell-off. But with "gas in the tank," this is a buy the dip moment.
VIDEO: February CPI is reported on Tuesday. I think there’s a risk that it’s a hot number, but it’s probably similar to January when you wanted to buy that 3% pullback that follows a hot CPI. (duration: 3:40)....
Thomas Lee
Head of ResearchJanuary on track for >3% gain, solidifying 2024 to be positive (>92% probability) and suggests our 5,200 target might be low.
VIDEO: Even more important than FOMC or even macro this week is the Wed close. Jan is on track to be positive and it supports our case for 5200 or even much higher (duration: 4:05).
Thomas Lee
Head of ResearchLatest Publications
Two steps forward, one step back, yet equities still up 1% for the week. Friday's March PCE important.
VIDEO: This has been a challenging week for markets, but the overall message to us is companies are delivering strong earnings and investors are still wary that inflation might be accelerating. We get a better answer with April...
Thomas Lee
Head of ResearchVIDEO FLASH: Some soul searching might happen post-META, but the core drivers of positive/risk reward remain in place, and a 2% rally does not relieve that
_VIDEO: WHILE $META RESULTS DISAPPOINTED, THE COMPANY'S COMPETITIVE ADVANTAGES REMAIN ENVIABLE. AND THE DRIVERS OF A RALLY REMAIN INTACT._ _MORE IN TODAY'S MACRO MINUTE VIDEO_ linked here. _(DURATION: 5:10)_
Thomas Lee
Head of ResearchEarnings are proving to be the positive catalyst needed for stocks to recover.
VIDEO: Mark Newton believes today's rally suggests the technical low is in place. That is a good thing and means CTAs and other investors are now likely to be buying equities again. 1Q24 Earnings is also a positive...
Thomas Lee
Head of ResearchVIDEO FLASH: Bottoms are known to be "dangerous" but growing signs risk/reward turned favorable
VIDEO: For greater confidence a low is in place, we discuss the key levels to watch for S&P 500 and also the growing list of signs that the bad news is baked in
Thomas Lee
Head of ResearchBook a Meeting
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