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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.
Client Login
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.
Client Login
Fundstrat In The News
STRATEGY (Lee): How much gas left in the tank…
March 21, 2019
March 21, 2019
Our base case for 2019 is that the best analog is 2009, based upon three key factors which we identified in e…
STRATEGY (Lee): Takeaways from Boston institu…
March 15, 2019
March 15, 2019
We expect investors to become “reluctant” bulls in 2019, as the earnings recession is less important than…
STRATEGY (Lee): Sector leadership closer to e…
February 28, 2019
February 28, 2019
We raised our YE S&P 500 target to 2,925 last week (up from 2,835) and believe that investors will become inc…
STRATEGY (Lee): Further evidence of dovish Fe…
February 22, 2019
February 22, 2019
Equities are proving their resilience in 2019 (basically, they have been doing this since 2009) and perhaps m…
FS 3 Points TV: P/E change matters more than …
February 21, 2019
February 21, 2019
In this video, we discuss how P/E expansion is way more than important “E” revisions in determining the o…
More reports are available in the Research Library.
KELSEY 3Qs VIDEO: Sluymer, TA, Weekly Momentu…
March 20, 2019
March 20, 2019
We revisit our intermediate-term outlook heading into Q2 given we expect the market …
TECHNICALS (Sluymer): Weekly momentum reaches…
March 19, 2019
March 19, 2019
Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought readin…
KELSEY 3Qs VIDEO: Sluymer, TA, sees cycle bac…
March 13, 2019
March 13, 2019
This week's video begins with a review of why we remain bullish on the long-term mar…
TECHNICALS (Sluymer): Cycle backdrop remains …
March 12, 2019
March 12, 2019
Equity markets are likely moving into the early stages of a multi-month period of co…
TECHNICALS (Sluymer): Cycle remains bullish …
March 5, 2019
March 5, 2019
Stay bullish through Q2 rotations/noise - Given we view the rebound from the rising …
More reports are available in the Research Library.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 20, 2019
March 20, 2019
New this week: Buy Ideas - UPS, CMI, NUE, TRV, DTE, GOOG; Short Ideas - HCA
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 13, 2019
March 13, 2019
New this week: Buy Ideas - LYB, NSC, PNC, ROP, VAR, WFC, XOM; Short Ideas - DVA, FAN…
QUANT (Doctor): Doctor Quant Model – Energy…
March 8, 2019
March 8, 2019
Energy upgraded to Neutral. DQM beats SPW by 19bps and SPX by 68bps.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 6, 2019
March 6, 2019
New this week: Buy Ideas - AAPL, BIIB, BMY, DTE, EIX, FDX, GS, HON, HP, LMT, MSI, NO…
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 27, 2019
February 27, 2019
New this week: Buy Ideas - COF, MAC, MET, NEE, NUE; Short Ideas - AKAM, ALLE, JCI, J…
More reports are available in the Research Library.
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 18, 2019
March 18, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 3.1%, compared with a 2…
CRYPTO (Lee): ICO funding slowdown positive f…
March 15, 2019
March 15, 2019
In our 2019 Outlook for crypto, we envisioned 2019 as a year of market repair, where…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 11, 2019
March 11, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 3.9%, compared with a 2…
CRYPTO TECHNICALS (Sluymer): Now it gets VERY…
March 6, 2019
March 6, 2019
In last week’s publication, we noted it was still premature to technically conclud…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 4, 2019
March 4, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 1.3%, compared with a 0…
More reports are available in the Research Library.
POLICY (T. Block): Tom Block’s Takeaways: B…
March 18, 2019
March 18, 2019
Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense,…
POLICY (T. Block): Tom Block’s Takeaways: F…
March 11, 2019
March 11, 2019
This week should see the first veto by President Trump. The Senate is set to pass th…
POLICY (T. Block): Tom Block’s Takeaways: T…
March 4, 2019
March 4, 2019
Trump appears to lose some Republican support for State of Emergency, Resolution may…
POLICY (T. Block): Tom Block’s Takeaways: N…
February 25, 2019
February 25, 2019
President Trump indefinitely suspends March 1st US/China trade deadline, announces s…
POLICY (T. Block): Tom Block’s Takeaways: N…
February 19, 2019
February 19, 2019
Last week’s trade talks in Beijing ended on a positive note with Trump saying he i…
More reports are available in the Research Library.
STRATEGY (Lee): How much gas left in the tank…
March 21, 2019
March 21, 2019
Our base case for 2019 is that the best analog is 2009, based upon three key factors which we identified in e…
STRATEGY (Lee): Takeaways from Boston institu…
March 15, 2019
March 15, 2019
We expect investors to become “reluctant” bulls in 2019, as the earnings recession is less important than…
STRATEGY (Lee): Sector leadership closer to e…
February 28, 2019
February 28, 2019
We raised our YE S&P 500 target to 2,925 last week (up from 2,835) and believe that investors will become inc…
More reports are available in the Research Library.
KELSEY 3Qs VIDEO: Sluymer, TA, Weekly Momentu…
March 20, 2019
March 20, 2019
We revisit our intermediate-term outlook heading into Q2 given we expect the market …
TECHNICALS (Sluymer): Weekly momentum reaches…
March 19, 2019
March 19, 2019
Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought readin…
KELSEY 3Qs VIDEO: Sluymer, TA, sees cycle bac…
March 13, 2019
March 13, 2019
This week's video begins with a review of why we remain bullish on the long-term mar…
More reports are available in the Research Library.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 20, 2019
March 20, 2019
New this week: Buy Ideas - UPS, CMI, NUE, TRV, DTE, GOOG; Short Ideas - HCA
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 13, 2019
March 13, 2019
New this week: Buy Ideas - LYB, NSC, PNC, ROP, VAR, WFC, XOM; Short Ideas - DVA, FAN…
QUANT (Doctor): Doctor Quant Model – Energy…
March 8, 2019
March 8, 2019
Energy upgraded to Neutral. DQM beats SPW by 19bps and SPX by 68bps.
More reports are available in the Research Library.
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 18, 2019
March 18, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 3.1%, compared with a 2…
CRYPTO (Lee): ICO funding slowdown positive f…
March 15, 2019
March 15, 2019
In our 2019 Outlook for crypto, we envisioned 2019 as a year of market repair, where…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 11, 2019
March 11, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 3.9%, compared with a 2…
More reports are available in the Research Library.
POLICY (T. Block): Tom Block’s Takeaways: B…
March 18, 2019
March 18, 2019
Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense,…
POLICY (T. Block): Tom Block’s Takeaways: F…
March 11, 2019
March 11, 2019
This week should see the first veto by President Trump. The Senate is set to pass th…
POLICY (T. Block): Tom Block’s Takeaways: T…
March 4, 2019
March 4, 2019
Trump appears to lose some Republican support for State of Emergency, Resolution may…
More reports are available in the Research Library.
STRATEGY (Lee): How much gas left in the tank…
March 21, 2019
March 21, 2019
Our base case for 2019 is that the best analog is 2009, based upon three key factors which we identified in e…
STRATEGY (Lee): Takeaways from Boston institu…
March 15, 2019
March 15, 2019
We expect investors to become “reluctant” bulls in 2019, as the earnings recession is less important than…
STRATEGY (Lee): Sector leadership closer to e…
February 28, 2019
February 28, 2019
We raised our YE S&P 500 target to 2,925 last week (up from 2,835) and believe that investors will become inc…
STRATEGY (Lee): Further evidence of dovish Fe…
February 22, 2019
February 22, 2019
Equities are proving their resilience in 2019 (basically, they have been doing this since 2009) and perhaps m…
More reports are available in the Research Library.
KELSEY 3Qs VIDEO: Sluymer, TA, Weekly Momentu…
March 20, 2019
March 20, 2019
We revisit our intermediate-term outlook heading into Q2 given we expect the market …
TECHNICALS (Sluymer): Weekly momentum reaches…
March 19, 2019
March 19, 2019
Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought readin…
KELSEY 3Qs VIDEO: Sluymer, TA, sees cycle bac…
March 13, 2019
March 13, 2019
This week's video begins with a review of why we remain bullish on the long-term mar…
TECHNICALS (Sluymer): Cycle backdrop remains …
March 12, 2019
March 12, 2019
Equity markets are likely moving into the early stages of a multi-month period of co…
More reports are available in the Research Library.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 20, 2019
March 20, 2019
New this week: Buy Ideas - UPS, CMI, NUE, TRV, DTE, GOOG; Short Ideas - HCA
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 13, 2019
March 13, 2019
New this week: Buy Ideas - LYB, NSC, PNC, ROP, VAR, WFC, XOM; Short Ideas - DVA, FAN…
QUANT (Doctor): Doctor Quant Model – Energy…
March 8, 2019
March 8, 2019
Energy upgraded to Neutral. DQM beats SPW by 19bps and SPX by 68bps.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
March 6, 2019
March 6, 2019
New this week: Buy Ideas - AAPL, BIIB, BMY, DTE, EIX, FDX, GS, HON, HP, LMT, MSI, NO…
More reports are available in the Research Library.
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 18, 2019
March 18, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 3.1%, compared with a 2…
CRYPTO (Lee): ICO funding slowdown positive f…
March 15, 2019
March 15, 2019
In our 2019 Outlook for crypto, we envisioned 2019 as a year of market repair, where…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
March 11, 2019
March 11, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 3.9%, compared with a 2…
CRYPTO TECHNICALS (Sluymer): Now it gets VERY…
March 6, 2019
March 6, 2019
In last week’s publication, we noted it was still premature to technically conclud…
More reports are available in the Research Library.
POLICY (T. Block): Tom Block’s Takeaways: B…
March 18, 2019
March 18, 2019
Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense,…
POLICY (T. Block): Tom Block’s Takeaways: F…
March 11, 2019
March 11, 2019
This week should see the first veto by President Trump. The Senate is set to pass th…
POLICY (T. Block): Tom Block’s Takeaways: T…
March 4, 2019
March 4, 2019
Trump appears to lose some Republican support for State of Emergency, Resolution may…
POLICY (T. Block): Tom Block’s Takeaways: N…
February 25, 2019
February 25, 2019
President Trump indefinitely suspends March 1st US/China trade deadline, announces s…
More reports are available in the Research Library.