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





Our base case for 2019 is that the best analog is 2009, based upon three key factors which we identified in e…

We expect investors to become “reluctant” bulls in 2019, as the earnings recession is less important than…

We raised our YE S&P 500 target to 2,925 last week (up from 2,835) and believe that investors will become inc…

Equities are proving their resilience in 2019 (basically, they have been doing this since 2009) and perhaps m…

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.



We revisit our intermediate-term outlook heading into Q2 given we expect the market …

Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought readin…

This week's video begins with a review of why we remain bullish on the long-term mar…

Equity markets are likely moving into the early stages of a multi-month period of co…

Stay bullish through Q2 rotations/noise - Given we view the rebound from the rising …

More reports are available in the Research Library.



New this week: Buy Ideas - UPS, CMI, NUE, TRV, DTE, GOOG; Short Ideas - HCA

New this week: Buy Ideas - LYB, NSC, PNC, ROP, VAR, WFC, XOM; Short Ideas - DVA, FAN…

Energy upgraded to Neutral. DQM beats SPW by 19bps and SPX by 68bps.

New this week: Buy Ideas - AAPL, BIIB, BMY, DTE, EIX, FDX, GS, HON, HP, LMT, MSI, NO…

New this week: Buy Ideas - COF, MAC, MET, NEE, NUE; Short Ideas - AKAM, ALLE, JCI, J…

More reports are available in the Research Library.



Over the past 7 days, the FS CryptoFX Agg Index increased by 3.1%, compared with a 2…

In our 2019 Outlook for crypto, we envisioned 2019 as a year of market repair, where…

Over the past 7 days, the FS CryptoFX Agg Index increased by 3.9%, compared with a 2…

In last week’s publication, we noted it was still premature to technically conclud…

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.



Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense,…

This week should see the first veto by President Trump. The Senate is set to pass th…

Trump appears to lose some Republican support for State of Emergency, Resolution may…

President Trump indefinitely suspends March 1st US/China trade deadline, announces s…

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.




Our base case for 2019 is that the best analog is 2009, based upon three key factors which we identified in e…

We expect investors to become “reluctant” bulls in 2019, as the earnings recession is less important than…

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.



We revisit our intermediate-term outlook heading into Q2 given we expect the market …

Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought readin…

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.




New this week: Buy Ideas - UPS, CMI, NUE, TRV, DTE, GOOG; Short Ideas - HCA

New this week: Buy Ideas - LYB, NSC, PNC, ROP, VAR, WFC, XOM; Short Ideas - DVA, FAN…

Energy upgraded to Neutral. DQM beats SPW by 19bps and SPX by 68bps.

More reports are available in the Research Library.



Over the past 7 days, the FS CryptoFX Agg Index increased by 3.1%, compared with a 2…

In our 2019 Outlook for crypto, we envisioned 2019 as a year of market repair, where…

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.




Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense,…

This week should see the first veto by President Trump. The Senate is set to pass th…

Trump appears to lose some Republican support for State of Emergency, Resolution may…

More reports are available in the Research Library.





Our base case for 2019 is that the best analog is 2009, based upon three key factors which we identified in e…

We expect investors to become “reluctant” bulls in 2019, as the earnings recession is less important than…

We raised our YE S&P 500 target to 2,925 last week (up from 2,835) and believe that investors will become inc…

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.



We revisit our intermediate-term outlook heading into Q2 given we expect the market …

Weekly momentum indicators reach 92%, a relatively rare ‘good’ overbought readin…

This week's video begins with a review of why we remain bullish on the long-term mar…

Equity markets are likely moving into the early stages of a multi-month period of co…

More reports are available in the Research Library.



New this week: Buy Ideas - UPS, CMI, NUE, TRV, DTE, GOOG; Short Ideas - HCA

New this week: Buy Ideas - LYB, NSC, PNC, ROP, VAR, WFC, XOM; Short Ideas - DVA, FAN…

Energy upgraded to Neutral. DQM beats SPW by 19bps and SPX by 68bps.

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.



Over the past 7 days, the FS CryptoFX Agg Index increased by 3.1%, compared with a 2…

In our 2019 Outlook for crypto, we envisioned 2019 as a year of market repair, where…

Over the past 7 days, the FS CryptoFX Agg Index increased by 3.9%, compared with a 2…

In last week’s publication, we noted it was still premature to technically conclud…

More reports are available in the Research Library.



Trump proposes 2020 budget, big cuts in domestic spending, big increases in defense,…

This week should see the first veto by President Trump. The Senate is set to pass th…

Trump appears to lose some Republican support for State of Emergency, Resolution may…

President Trump indefinitely suspends March 1st US/China trade deadline, announces s…

More reports are available in the Research Library.