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

Fundstrat In The News

See more in Latest News

See more in Latest News

Portfolio Strategy

STRATEGY (Lee): Since WWII, “markets going nowhere” resolved to upside,…
September 20, 2019
STRATEGY (Lee): Since WWII, “markets going …
September 20, 2019
Since WWII, there have been 3 precedent "markets going nowhere" instances like today. In 3 of 3 case, the res…
SIGNAL FROM NOISE (Racanelli): The Market’s Kibosh on Oshkosh Is a Potent…
September 18, 2019
SIGNAL FROM NOISE (Racanelli): The Market’s…
September 18, 2019
A relatively mild CEO warning about 2020 sent the stock reeling over 10%
WEEKEND ALPHA (Racanelli): U.S.-China Trade Talks Back On, Global Equity Ra…
September 13, 2019
WEEKEND ALPHA (Racanelli): U.S.-China Trade T…
September 13, 2019
A funny thing happened in the U.S. stock market last week. I don’t want to get Biblical on you but it seems…
STRATEGY (Lee): Boston fundamental equity ask why rotation? Suggesting HF d…
September 11, 2019
STRATEGY (Lee): Boston fundamental equity ask…
September 11, 2019
We believe much of the recent violent rotation is an “unwind” of this bearish positioning. Bottom line - …
WEEKEND ALPHA (Racanelli): U.S.-China Trade Talks Back On, Global Equity Ra…
September 6, 2019
WEEKEND ALPHA (Racanelli): U.S.-China Trade T…
September 6, 2019
I’m beginning to think that the trajectory of the U.S. stock market could easily be a daily TV soap opera. …

More reports are available in the Research Library.

Technical

TECHNICALS (Sluymer): Short-term pullback remains buying opportunity n…
September 17, 2019
TECHNICALS (Sluymer): Short-term pullback rem…
September 17, 2019
A short term pullback is underway following the rebound in September back to resista…
TECHNICALS (Sluymer): You might not like cyclicals but the long-term c…
September 10, 2019
TECHNICALS (Sluymer): You might not like cycl…
September 10, 2019
Today’s note reviews equity markets globally followed by a closer look at the more…
TECHNICALS (Sluymer): S&P back to resistance BUT silver linings p…
September 3, 2019
TECHNICALS (Sluymer): S&P back to resist…
September 3, 2019
Another short-term pullback likely - With the S&P back to resistance at the upper en…
KELSEY 3Qs VIDEO: Sluymer, TA, sees S&P pulling back from resista…
September 3, 2019
KELSEY 3Qs VIDEO: Sluymer, TA, sees S&P …
September 3, 2019
In this week’s video we begin with a review of the short-term technical outlook fo…
TECHNICALS (Sluymer): Weekly momentum data suggests pending rebound la…
August 27, 2019
TECHNICALS (Sluymer): Weekly momentum data su…
August 27, 2019
Our proprietary weekly Quadrant Balance momentum data continues to suggest the equit…

More reports are available in the Research Library.

Quantamental

FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 9 ne…
September 18, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
September 18, 2019
New this week: Buy Ideas - AIV, AMP, APH, BWA, D, JNJ, LNC, MXIM, TPR; Short Ideas -…
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 8 ne…
September 4, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
September 4, 2019
New this week: Buy Ideas - CBRE, GOOGL, GWW, LYB, MS, NCLH, NWL, QRVO; Short Ideas -…
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 9 ne…
August 28, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
August 28, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 6 ne…
August 21, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
August 21, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 3 …
August 14, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
August 14, 2019
New this week: Buy Ideas - LEN, TRIP, VLO; Short Ideas - IFF, MHK, NI

More reports are available in the Research Library.

Cryptocurrency FX

CRYPTO (Lee): Still believe crypto winter is over, but we are wai…
September 20, 2019
CRYPTO (Lee): Still believe crypto winter is …
September 20, 2019
But we are waiting for Bitcoin Misery Index to fall to 50 before becoming aggressive
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
September 16, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
September 16, 2019
Over the past 7 days, the FS CryptoFX Agg Index decreased by 0.6%, compared with a 1…
CRYPTO (Lee): Bitcoin performs when macro trend clear, waiting S&…
September 12, 2019
CRYPTO (Lee): Bitcoin performs when macro tre…
September 12, 2019
Bitcoin Misery Index continues to weaken, waiting for 50 for “buy signal”
CRYPTO TECHNICALS (Sluymer): BTC is at yet another key inflection…
September 11, 2019
CRYPTO TECHNICALS (Sluymer): BTC is at yet an…
September 11, 2019
Very early evidence of another short-term trading low developing - BTC is once again…
CRYPTO QUANT (Kern): BTC miners healthy, breakeven = $8500 (all i…
September 10, 2019
CRYPTO QUANT (Kern): BTC miners healthy, brea…
September 10, 2019
With hash power at ~75 EH/s our analysis suggests total breakeven cost for S9 is ~$8…

More reports are available in the Research Library.

Policy

POLICY (T. Block): Fed, China, and Budget the Focus of DC
September 16, 2019
POLICY (T. Block): Fed, China, and Budget the…
September 16, 2019
Wednesday is decision day for the Fed and while there is near unanimous agreement th…
POLICY (T. Block): Tom Block’s Takeaways: Budget, China, NC Special and d…
September 9, 2019
POLICY (T. Block): Tom Block’s Takeaways: B…
September 9, 2019
With just 16 legislative days until October 1 and the beginning of the new US fiscal…
POLICY (T. Block): Tom Block’s Takeaways: Congress returns, China trade i…
September 3, 2019
POLICY (T. Block): Tom Block’s Takeaways: C…
September 3, 2019
Congress returns after its month-long recess facing budget deadline, pressure on gun…
POLICY (T. Block): Tom Block’s Takeaways: Trade War Tantrums and the Fed
August 26, 2019
POLICY (T. Block): Tom Block’s Takeaways: T…
August 26, 2019
• After China announced new tariffs on $75 billion of US goods sold to China Presi…
POLICY (T. Block): Tom Block’s Takeaways: Trade tensions continue to domi…
August 19, 2019
POLICY (T. Block): Tom Block’s Takeaways: T…
August 19, 2019
The Trump Administration appears to be taking some small steps away from the brink w…

More reports are available in the Research Library.

Portfolio Strategy

STRATEGY (Lee): Since WWII, “markets going nowhere” resolved to upside,…
September 20, 2019
STRATEGY (Lee): Since WWII, “markets going …
September 20, 2019
Since WWII, there have been 3 precedent "markets going nowhere" instances like today. In 3 of 3 case, the res…
SIGNAL FROM NOISE (Racanelli): The Market’s Kibosh on Oshkosh Is a Potent…
September 18, 2019
SIGNAL FROM NOISE (Racanelli): The Market’s…
September 18, 2019
A relatively mild CEO warning about 2020 sent the stock reeling over 10%
WEEKEND ALPHA (Racanelli): U.S.-China Trade Talks Back On, Global Equity Ra…
September 13, 2019
WEEKEND ALPHA (Racanelli): U.S.-China Trade T…
September 13, 2019
A funny thing happened in the U.S. stock market last week. I don’t want to get Biblical on you but it seems…

More reports are available in the Research Library.

Technical

TECHNICALS (Sluymer): Short-term pullback remains buying opportunity n…
September 17, 2019
TECHNICALS (Sluymer): Short-term pullback rem…
September 17, 2019
A short term pullback is underway following the rebound in September back to resista…
TECHNICALS (Sluymer): You might not like cyclicals but the long-term c…
September 10, 2019
TECHNICALS (Sluymer): You might not like cycl…
September 10, 2019
Today’s note reviews equity markets globally followed by a closer look at the more…
TECHNICALS (Sluymer): S&P back to resistance BUT silver linings p…
September 3, 2019
TECHNICALS (Sluymer): S&P back to resist…
September 3, 2019
Another short-term pullback likely - With the S&P back to resistance at the upper en…

More reports are available in the Research Library.

Quantamental

FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 9 ne…
September 18, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
September 18, 2019
New this week: Buy Ideas - AIV, AMP, APH, BWA, D, JNJ, LNC, MXIM, TPR; Short Ideas -…
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 8 ne…
September 4, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
September 4, 2019
New this week: Buy Ideas - CBRE, GOOGL, GWW, LYB, MS, NCLH, NWL, QRVO; Short Ideas -…
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 9 ne…
August 28, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
August 28, 2019

More reports are available in the Research Library.

Cryptocurrency FX

CRYPTO (Lee): Still believe crypto winter is over, but we are wai…
September 20, 2019
CRYPTO (Lee): Still believe crypto winter is …
September 20, 2019
But we are waiting for Bitcoin Misery Index to fall to 50 before becoming aggressive
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
September 16, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
September 16, 2019
Over the past 7 days, the FS CryptoFX Agg Index decreased by 0.6%, compared with a 1…
CRYPTO (Lee): Bitcoin performs when macro trend clear, waiting S&…
September 12, 2019
CRYPTO (Lee): Bitcoin performs when macro tre…
September 12, 2019
Bitcoin Misery Index continues to weaken, waiting for 50 for “buy signal”

More reports are available in the Research Library.

Policy

POLICY (T. Block): Fed, China, and Budget the Focus of DC
September 16, 2019
POLICY (T. Block): Fed, China, and Budget the…
September 16, 2019
Wednesday is decision day for the Fed and while there is near unanimous agreement th…
POLICY (T. Block): Tom Block’s Takeaways: Budget, China, NC Special and d…
September 9, 2019
POLICY (T. Block): Tom Block’s Takeaways: B…
September 9, 2019
With just 16 legislative days until October 1 and the beginning of the new US fiscal…
POLICY (T. Block): Tom Block’s Takeaways: Congress returns, China trade i…
September 3, 2019
POLICY (T. Block): Tom Block’s Takeaways: C…
September 3, 2019
Congress returns after its month-long recess facing budget deadline, pressure on gun…

More reports are available in the Research Library.

Portfolio Strategy

STRATEGY (Lee): Since WWII, “markets going nowhere” resolved to upside,…
September 20, 2019
STRATEGY (Lee): Since WWII, “markets going …
September 20, 2019
Since WWII, there have been 3 precedent "markets going nowhere" instances like today. In 3 of 3 case, the res…
SIGNAL FROM NOISE (Racanelli): The Market’s Kibosh on Oshkosh Is a Potent…
September 18, 2019
SIGNAL FROM NOISE (Racanelli): The Market’s…
September 18, 2019
A relatively mild CEO warning about 2020 sent the stock reeling over 10%
WEEKEND ALPHA (Racanelli): U.S.-China Trade Talks Back On, Global Equity Ra…
September 13, 2019
WEEKEND ALPHA (Racanelli): U.S.-China Trade T…
September 13, 2019
A funny thing happened in the U.S. stock market last week. I don’t want to get Biblical on you but it seems…
STRATEGY (Lee): Boston fundamental equity ask why rotation? Suggesting HF d…
September 11, 2019
STRATEGY (Lee): Boston fundamental equity ask…
September 11, 2019
We believe much of the recent violent rotation is an “unwind” of this bearish positioning. Bottom line - …

More reports are available in the Research Library.

Technical

TECHNICALS (Sluymer): Short-term pullback remains buying opportunity n…
September 17, 2019
TECHNICALS (Sluymer): Short-term pullback rem…
September 17, 2019
A short term pullback is underway following the rebound in September back to resista…
TECHNICALS (Sluymer): You might not like cyclicals but the long-term c…
September 10, 2019
TECHNICALS (Sluymer): You might not like cycl…
September 10, 2019
Today’s note reviews equity markets globally followed by a closer look at the more…
TECHNICALS (Sluymer): S&P back to resistance BUT silver linings p…
September 3, 2019
TECHNICALS (Sluymer): S&P back to resist…
September 3, 2019
Another short-term pullback likely - With the S&P back to resistance at the upper en…
KELSEY 3Qs VIDEO: Sluymer, TA, sees S&P pulling back from resista…
September 3, 2019
KELSEY 3Qs VIDEO: Sluymer, TA, sees S&P …
September 3, 2019
In this week’s video we begin with a review of the short-term technical outlook fo…

More reports are available in the Research Library.

Quantamental

FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 9 ne…
September 18, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
September 18, 2019
New this week: Buy Ideas - AIV, AMP, APH, BWA, D, JNJ, LNC, MXIM, TPR; Short Ideas -…
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 8 ne…
September 4, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
September 4, 2019
New this week: Buy Ideas - CBRE, GOOGL, GWW, LYB, MS, NCLH, NWL, QRVO; Short Ideas -…
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 9 ne…
August 28, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
August 28, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Matrix – Highlighting 6 ne…
August 21, 2019
FS QU/TE (Xuan/Sluymer): Quant / Technical Ma…
August 21, 2019

More reports are available in the Research Library.

Cryptocurrency FX

CRYPTO (Lee): Still believe crypto winter is over, but we are wai…
September 20, 2019
CRYPTO (Lee): Still believe crypto winter is …
September 20, 2019
But we are waiting for Bitcoin Misery Index to fall to 50 before becoming aggressive
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
September 16, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
September 16, 2019
Over the past 7 days, the FS CryptoFX Agg Index decreased by 0.6%, compared with a 1…
CRYPTO (Lee): Bitcoin performs when macro trend clear, waiting S&…
September 12, 2019
CRYPTO (Lee): Bitcoin performs when macro tre…
September 12, 2019
Bitcoin Misery Index continues to weaken, waiting for 50 for “buy signal”
CRYPTO TECHNICALS (Sluymer): BTC is at yet another key inflection…
September 11, 2019
CRYPTO TECHNICALS (Sluymer): BTC is at yet an…
September 11, 2019
Very early evidence of another short-term trading low developing - BTC is once again…

More reports are available in the Research Library.

Policy

POLICY (T. Block): Fed, China, and Budget the Focus of DC
September 16, 2019
POLICY (T. Block): Fed, China, and Budget the…
September 16, 2019
Wednesday is decision day for the Fed and while there is near unanimous agreement th…
POLICY (T. Block): Tom Block’s Takeaways: Budget, China, NC Special and d…
September 9, 2019
POLICY (T. Block): Tom Block’s Takeaways: B…
September 9, 2019
With just 16 legislative days until October 1 and the beginning of the new US fiscal…
POLICY (T. Block): Tom Block’s Takeaways: Congress returns, China trade i…
September 3, 2019
POLICY (T. Block): Tom Block’s Takeaways: C…
September 3, 2019
Congress returns after its month-long recess facing budget deadline, pressure on gun…
POLICY (T. Block): Tom Block’s Takeaways: Trade War Tantrums and the Fed
August 26, 2019
POLICY (T. Block): Tom Block’s Takeaways: T…
August 26, 2019
• After China announced new tariffs on $75 billion of US goods sold to China Presi…

More reports are available in the Research Library.