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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): Healthcare carnage likely tri…
April 18, 2019
April 18, 2019
Healthcare stocks have fallen sharply in the past month (-8%) on the heels of rising political risk (Slide 5)…
STRATEGY (Lee): 1Q19 PREVIEW: Only 200bp revi…
April 12, 2019
April 12, 2019
The S&P 500 is up 15% YTD, surpassing gains seen in 2016 and tracking our base case, which is “2019 looks a…
STRATEGY (Lee): THEMATIC: Rebalancing the tac…
April 5, 2019
April 5, 2019
For 2019, we revived our thematic and tactical baskets, to synergize thematic (read as longer term) ideas wit…
FS 3 Points TV: Why 10Y-3M yield curve invers…
April 2, 2019
April 2, 2019
In this video, we discuss how the 10Y-3M is not a great tactical signal given poor precision in predicting re…
STRATEGY (Lee): V-rally since 12/24 > “Nike…
March 28, 2019
March 28, 2019
Last week, a key portion of the yield curve, 10Y less 3M inverted, a historically reliable business cycle sig…
More reports are available in the Research Library.
KELSEY 3Qs VIDEO: Sluymer, TA, sees pending Q…
April 17, 2019
April 17, 2019
In the first section of this week’s video, we review the peak developing in weekly…
TECHNICALS (Sluymer): Pending Q2 churn is an …
April 16, 2019
April 16, 2019
What’s changing? Intermediate-term momentum indicators, tracking 1-2 quarter shift…
TECHNICALS (Sluymer): Monthly cycle data buil…
April 9, 2019
April 9, 2019
Cycle backdrop continues to improve with the percentage of stocks with positive/risi…
TECHNICALS (Sluymer): Cycle Intact, A-D Lines…
April 2, 2019
April 2, 2019
The cycle backdrop for equities remains bullish with the S&P still early on in what …
KELSEY 3Qs VIDEO: Sluymer, TA, sees cycle int…
April 2, 2019
April 2, 2019
In the first section of this week’s video, we reiterate our longer-term bullish ou…
More reports are available in the Research Library.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 24, 2019
April 24, 2019
New this week: Buy Ideas - BWA, GILD, HD, INTC, MAC; Short Ideas - AAL, DISCA, GPS, …
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 17, 2019
April 17, 2019
New this week: Buy Ideas - AMGN, BKNG, BMY, CAT, CVS, GOOG, MSFT, RE; Short Ideas - …
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 10, 2019
April 10, 2019
New this week: Buy Ideas - ABBV, BLK, CMI, DIS, EOG, EXR, ITW, MMM; Short Ideas - FI…
QUANT (Doctor): DQM – Longs trailed 70bps, …
April 9, 2019
April 9, 2019
Healthcare, Financials and Discretionary exposure up, Tech down
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 3, 2019
April 3, 2019
New this week: Buy Ideas - APH, BBY, C, DOV, FTI, F, GILD, JNJ, LNC, LOW, NUE, PRU, …
More reports are available in the Research Library.
CRYPTO (Lee): 11 signs Crypto winter over, wh…
April 23, 2019
April 23, 2019
There remains a fairly high level of skepticism and apathy towards the recent recove…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
April 22, 2019
April 22, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 0.9%, compared with a 0…
CRYPTO (Lee): Squint, and we see 3 signs “A…
April 17, 2019
April 17, 2019
Encouraging signs continue to develop suggesting the hibernation of the crypto bear …
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
April 15, 2019
April 15, 2019
The indices have undergone a quarterly rebalance as of 03/31/2019. Binance Coin are …
CRYPTO (Lee): Bitcoin Misery Index surges to …
April 11, 2019
April 11, 2019
There is good and bad news from a reading of >67. The signal generated by the readin…
More reports are available in the Research Library.
POLICY (T. Block): Tom Block’s Takeaways: M…
April 22, 2019
April 22, 2019
Justice Department releases Mueller Report that states there was not enough evidence…
POLICY (T. Block): Tom Block’s Takeaways: F…
April 15, 2019
April 15, 2019
President Trump, Republican Senate, and Democratic House need a budget deal to fund …
POLICY (T. Block): Tom Block’s Takeaways: T…
April 8, 2019
April 8, 2019
Trump ends week of trade talks with China indicating a treaty is possible, Fate of r…
POLICY (T. Block): Tom Block’s Takeaways: T…
April 1, 2019
April 1, 2019
Trump would like to follow up his Mueller Report victory with a big win on trade. Ch…
POLICY (T. Block): Tom Block’s Takeaways: M…
March 25, 2019
March 25, 2019
No collusion, no impeachment, Trump can campaign as victim. Democrats won the House …
More reports are available in the Research Library.
STRATEGY (Lee): Healthcare carnage likely tri…
April 18, 2019
April 18, 2019
Healthcare stocks have fallen sharply in the past month (-8%) on the heels of rising political risk (Slide 5)…
STRATEGY (Lee): 1Q19 PREVIEW: Only 200bp revi…
April 12, 2019
April 12, 2019
The S&P 500 is up 15% YTD, surpassing gains seen in 2016 and tracking our base case, which is “2019 looks a…
STRATEGY (Lee): THEMATIC: Rebalancing the tac…
April 5, 2019
April 5, 2019
For 2019, we revived our thematic and tactical baskets, to synergize thematic (read as longer term) ideas wit…
More reports are available in the Research Library.
KELSEY 3Qs VIDEO: Sluymer, TA, sees pending Q…
April 17, 2019
April 17, 2019
In the first section of this week’s video, we review the peak developing in weekly…
TECHNICALS (Sluymer): Pending Q2 churn is an …
April 16, 2019
April 16, 2019
What’s changing? Intermediate-term momentum indicators, tracking 1-2 quarter shift…
TECHNICALS (Sluymer): Monthly cycle data buil…
April 9, 2019
April 9, 2019
Cycle backdrop continues to improve with the percentage of stocks with positive/risi…
More reports are available in the Research Library.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 24, 2019
April 24, 2019
New this week: Buy Ideas - BWA, GILD, HD, INTC, MAC; Short Ideas - AAL, DISCA, GPS, …
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 17, 2019
April 17, 2019
New this week: Buy Ideas - AMGN, BKNG, BMY, CAT, CVS, GOOG, MSFT, RE; Short Ideas - …
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 10, 2019
April 10, 2019
New this week: Buy Ideas - ABBV, BLK, CMI, DIS, EOG, EXR, ITW, MMM; Short Ideas - FI…
More reports are available in the Research Library.
CRYPTO (Lee): 11 signs Crypto winter over, wh…
April 23, 2019
April 23, 2019
There remains a fairly high level of skepticism and apathy towards the recent recove…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
April 22, 2019
April 22, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 0.9%, compared with a 0…
CRYPTO (Lee): Squint, and we see 3 signs “A…
April 17, 2019
April 17, 2019
Encouraging signs continue to develop suggesting the hibernation of the crypto bear …
More reports are available in the Research Library.
POLICY (T. Block): Tom Block’s Takeaways: M…
April 22, 2019
April 22, 2019
Justice Department releases Mueller Report that states there was not enough evidence…
POLICY (T. Block): Tom Block’s Takeaways: F…
April 15, 2019
April 15, 2019
President Trump, Republican Senate, and Democratic House need a budget deal to fund …
POLICY (T. Block): Tom Block’s Takeaways: T…
April 8, 2019
April 8, 2019
Trump ends week of trade talks with China indicating a treaty is possible, Fate of r…
More reports are available in the Research Library.
STRATEGY (Lee): Healthcare carnage likely tri…
April 18, 2019
April 18, 2019
Healthcare stocks have fallen sharply in the past month (-8%) on the heels of rising political risk (Slide 5)…
STRATEGY (Lee): 1Q19 PREVIEW: Only 200bp revi…
April 12, 2019
April 12, 2019
The S&P 500 is up 15% YTD, surpassing gains seen in 2016 and tracking our base case, which is “2019 looks a…
STRATEGY (Lee): THEMATIC: Rebalancing the tac…
April 5, 2019
April 5, 2019
For 2019, we revived our thematic and tactical baskets, to synergize thematic (read as longer term) ideas wit…
FS 3 Points TV: Why 10Y-3M yield curve invers…
April 2, 2019
April 2, 2019
In this video, we discuss how the 10Y-3M is not a great tactical signal given poor precision in predicting re…
More reports are available in the Research Library.
KELSEY 3Qs VIDEO: Sluymer, TA, sees pending Q…
April 17, 2019
April 17, 2019
In the first section of this week’s video, we review the peak developing in weekly…
TECHNICALS (Sluymer): Pending Q2 churn is an …
April 16, 2019
April 16, 2019
What’s changing? Intermediate-term momentum indicators, tracking 1-2 quarter shift…
TECHNICALS (Sluymer): Monthly cycle data buil…
April 9, 2019
April 9, 2019
Cycle backdrop continues to improve with the percentage of stocks with positive/risi…
TECHNICALS (Sluymer): Cycle Intact, A-D Lines…
April 2, 2019
April 2, 2019
The cycle backdrop for equities remains bullish with the S&P still early on in what …
More reports are available in the Research Library.
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 24, 2019
April 24, 2019
New this week: Buy Ideas - BWA, GILD, HD, INTC, MAC; Short Ideas - AAL, DISCA, GPS, …
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 17, 2019
April 17, 2019
New this week: Buy Ideas - AMGN, BKNG, BMY, CAT, CVS, GOOG, MSFT, RE; Short Ideas - …
FS QU/TE (Doctor/Sluymer): Quant / Technical …
April 10, 2019
April 10, 2019
New this week: Buy Ideas - ABBV, BLK, CMI, DIS, EOG, EXR, ITW, MMM; Short Ideas - FI…
QUANT (Doctor): DQM – Longs trailed 70bps, …
April 9, 2019
April 9, 2019
Healthcare, Financials and Discretionary exposure up, Tech down
More reports are available in the Research Library.
CRYPTO (Lee): 11 signs Crypto winter over, wh…
April 23, 2019
April 23, 2019
There remains a fairly high level of skepticism and apathy towards the recent recove…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
April 22, 2019
April 22, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 0.9%, compared with a 0…
CRYPTO (Lee): Squint, and we see 3 signs “A…
April 17, 2019
April 17, 2019
Encouraging signs continue to develop suggesting the hibernation of the crypto bear …
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
April 15, 2019
April 15, 2019
The indices have undergone a quarterly rebalance as of 03/31/2019. Binance Coin are …
More reports are available in the Research Library.
POLICY (T. Block): Tom Block’s Takeaways: M…
April 22, 2019
April 22, 2019
Justice Department releases Mueller Report that states there was not enough evidence…
POLICY (T. Block): Tom Block’s Takeaways: F…
April 15, 2019
April 15, 2019
President Trump, Republican Senate, and Democratic House need a budget deal to fund …
POLICY (T. Block): Tom Block’s Takeaways: T…
April 8, 2019
April 8, 2019
Trump ends week of trade talks with China indicating a treaty is possible, Fate of r…
POLICY (T. Block): Tom Block’s Takeaways: T…
April 1, 2019
April 1, 2019
Trump would like to follow up his Mueller Report victory with a big win on trade. Ch…
More reports are available in the Research Library.