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): 2019 is more about P/E expansion, less about “E” –…
February 15, 2019
STRATEGY (Lee): 2019 is more about P/E expans…
February 15, 2019
We expect 2019 to be a year where P/E mattered way more than “E”. We remain positive on markets in 2019,…
STRATEGY (Lee): 2019 looking more and more like 2009… Value cyclicals out…
February 1, 2019
STRATEGY (Lee): 2019 looking more and more li…
February 1, 2019
We see equity markets with attractive risk/reward and a price dynamic similar to 2009 (rising above fundament…
STRATEGY (Lee): In the absence of conviction, play the seasonal trades
January 25, 2019
STRATEGY (Lee): In the absence of conviction,…
January 25, 2019
The positive outlook is anchored by the collapse in sentiment, low investor equity positioning (see Slide 9),…
STRATEGY (Lee): EARNINGS: market reaction more “speed bump” not “down…
January 18, 2019
STRATEGY (Lee): EARNINGS: market reaction mor…
January 18, 2019
We are entering earnings season and the key question on investors mind is whether the softness and “tape bo…
FS 3 Points TV: Part I, “Case for double-digit gains”
January 16, 2019
FS 3 Points TV: Part I, “Case for double-di…
January 16, 2019

More reports are available in the Research Library.

Technical

TECHNICALS (Sluymer): A/D lines at new highs, lagging Cyclicals/China …
February 20, 2019
TECHNICALS (Sluymer): A/D lines at new highs,…
February 20, 2019
Bottom Line: Cycle recovery intact – Potential pause in Q2 pending - The lows esta…
TECHNICALS (Sluymer): Barbell exposure between secular Growth and Cycl…
February 12, 2019
TECHNICALS (Sluymer): Barbell exposure betwee…
February 12, 2019
While traders are understandably nervous following the Q1 surge in equity markets ba…
KELSEY 3Qs VIDEO: Sluymer, TA, sees Barbell exposure between secular G…
February 12, 2019
KELSEY 3Qs VIDEO: Sluymer, TA, sees Barbell e…
February 12, 2019
In this week’s video, we begin by discussing two noteworthy technical events devel…
TECHNICALS (Sluymer): Secular leadership intact with Cyclical particip…
February 5, 2019
TECHNICALS (Sluymer): Secular leadership inta…
February 5, 2019
In the short-term, the S&P is into its next resistance band between a 62% retracemen…
TECHNICALS (Sluymer): Big Picture: Cycle Lows Established – Accumula…
January 29, 2019
TECHNICALS (Sluymer): Big Picture: Cycle Lows…
January 29, 2019
At the industry group and stock level, secular growth (Software, IT Services, Med Te…

More reports are available in the Research Library.

Quantamental

FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 5 …
February 20, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 20, 2019
New this week: Buy Ideas - BIIB, EOG, LYB, ORLY, ROK; Short Ideas - PPL
QUANT (Doctor): Doctor Quant Model – Smaller cap outperformance weighs …
February 19, 2019
QUANT (Doctor): Doctor Quant Model – Smalle…
February 19, 2019
The Doctor Quant Model (DQM, slide 3) 12/31 long portfolio underperformed the S&P 50…
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 12…
February 6, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 6, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 3 …
January 23, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
January 23, 2019
New this week: Buy Ideas - BA, ITW, MTB; Short Ideas - KMX, MAT
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 7 …
January 16, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
January 16, 2019
New this week: Buy Ideas - AEP, DFS, EOG, GM, NSC, PRU, TPR; Short Ideas - ARNC, DIS…

More reports are available in the Research Library.

Cryptocurrency FX

CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 18, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 18, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 0.3%, compared with a 2…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 11, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 11, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 8.2%, compared with a 0…
CRYPTO (Lee): 2019 Outlook — Crypto quiet now, but many positiv…
February 8, 2019
CRYPTO (Lee): 2019 Outlook — Crypto quiet n…
February 8, 2019
We remain positive on Crypto in 2019 and the best projects will be those with strong…
CRYPTO TECHNICALS (Sluymer): Cryptocurrencies at risk of breaking…
February 6, 2019
CRYPTO TECHNICALS (Sluymer): Cryptocurrencies…
February 6, 2019
Crypto currencies are approaching another key inflection point, as they retest their…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 4, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 4, 2019
Over the past 7 days, the FS CryptoFX Agg Index decreased by 4.3%, compared with a 1…

More reports are available in the Research Library.

Policy

POLICY (T. Block): Tom Block’s Takeaways: North Korean Summit and China t…
February 19, 2019
POLICY (T. Block): Tom Block’s Takeaways: N…
February 19, 2019
Last week’s trade talks in Beijing ended on a positive note with Trump saying he i…
POLICY (T. Block): Tom Block’s Takeaways: Big Week in DC: Shutdown threat…
February 11, 2019
POLICY (T. Block): Tom Block’s Takeaways: B…
February 11, 2019
Negotiations between the Democratic House and Republicans seem to be slipping away f…
POLICY (T. Block): Tom Block’s Takeaways: Trump comes to Nancy Pelosi’s…
February 4, 2019
POLICY (T. Block): Tom Block’s Takeaways: T…
February 4, 2019
Policy speculation ranges from intent to declare national emergency at the border to…
POLICY (T. Block): Tom Block’s Takeaways: Shutdown – What caused longes…
January 28, 2019
POLICY (T. Block): Tom Block’s Takeaways: S…
January 28, 2019
The nine most terrifying words in the English language are, 'I'm from the government…
POLICY (T. Block): Tom Block’s Takeaways: Shutdown talks start but no exi…
January 23, 2019
POLICY (T. Block): Tom Block’s Takeaways: S…
January 23, 2019
Can failure of both bills lay the groundwork for an eventual exit strategy to the lo…

More reports are available in the Research Library.

Portfolio Strategy

STRATEGY (Lee): 2019 is more about P/E expansion, less about “E” –…
February 15, 2019
STRATEGY (Lee): 2019 is more about P/E expans…
February 15, 2019
We expect 2019 to be a year where P/E mattered way more than “E”. We remain positive on markets in 2019,…
STRATEGY (Lee): 2019 looking more and more like 2009… Value cyclicals out…
February 1, 2019
STRATEGY (Lee): 2019 looking more and more li…
February 1, 2019
We see equity markets with attractive risk/reward and a price dynamic similar to 2009 (rising above fundament…
STRATEGY (Lee): In the absence of conviction, play the seasonal trades
January 25, 2019
STRATEGY (Lee): In the absence of conviction,…
January 25, 2019
The positive outlook is anchored by the collapse in sentiment, low investor equity positioning (see Slide 9),…

More reports are available in the Research Library.

Technical

TECHNICALS (Sluymer): A/D lines at new highs, lagging Cyclicals/China …
February 20, 2019
TECHNICALS (Sluymer): A/D lines at new highs,…
February 20, 2019
Bottom Line: Cycle recovery intact – Potential pause in Q2 pending - The lows esta…
TECHNICALS (Sluymer): Barbell exposure between secular Growth and Cycl…
February 12, 2019
TECHNICALS (Sluymer): Barbell exposure betwee…
February 12, 2019
While traders are understandably nervous following the Q1 surge in equity markets ba…
KELSEY 3Qs VIDEO: Sluymer, TA, sees Barbell exposure between secular G…
February 12, 2019
KELSEY 3Qs VIDEO: Sluymer, TA, sees Barbell e…
February 12, 2019
In this week’s video, we begin by discussing two noteworthy technical events devel…

More reports are available in the Research Library.

Quantamental

FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 5 …
February 20, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 20, 2019
New this week: Buy Ideas - BIIB, EOG, LYB, ORLY, ROK; Short Ideas - PPL
QUANT (Doctor): Doctor Quant Model – Smaller cap outperformance weighs …
February 19, 2019
QUANT (Doctor): Doctor Quant Model – Smalle…
February 19, 2019
The Doctor Quant Model (DQM, slide 3) 12/31 long portfolio underperformed the S&P 50…
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 12…
February 6, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 6, 2019

More reports are available in the Research Library.

Cryptocurrency FX

CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 18, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 18, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 0.3%, compared with a 2…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 11, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 11, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 8.2%, compared with a 0…
CRYPTO (Lee): 2019 Outlook — Crypto quiet now, but many positiv…
February 8, 2019
CRYPTO (Lee): 2019 Outlook — Crypto quiet n…
February 8, 2019
We remain positive on Crypto in 2019 and the best projects will be those with strong…

More reports are available in the Research Library.

Policy

POLICY (T. Block): Tom Block’s Takeaways: North Korean Summit and China t…
February 19, 2019
POLICY (T. Block): Tom Block’s Takeaways: N…
February 19, 2019
Last week’s trade talks in Beijing ended on a positive note with Trump saying he i…
POLICY (T. Block): Tom Block’s Takeaways: Big Week in DC: Shutdown threat…
February 11, 2019
POLICY (T. Block): Tom Block’s Takeaways: B…
February 11, 2019
Negotiations between the Democratic House and Republicans seem to be slipping away f…
POLICY (T. Block): Tom Block’s Takeaways: Trump comes to Nancy Pelosi’s…
February 4, 2019
POLICY (T. Block): Tom Block’s Takeaways: T…
February 4, 2019
Policy speculation ranges from intent to declare national emergency at the border to…

More reports are available in the Research Library.

Portfolio Strategy

STRATEGY (Lee): 2019 is more about P/E expansion, less about “E” –…
February 15, 2019
STRATEGY (Lee): 2019 is more about P/E expans…
February 15, 2019
We expect 2019 to be a year where P/E mattered way more than “E”. We remain positive on markets in 2019,…
STRATEGY (Lee): 2019 looking more and more like 2009… Value cyclicals out…
February 1, 2019
STRATEGY (Lee): 2019 looking more and more li…
February 1, 2019
We see equity markets with attractive risk/reward and a price dynamic similar to 2009 (rising above fundament…
STRATEGY (Lee): In the absence of conviction, play the seasonal trades
January 25, 2019
STRATEGY (Lee): In the absence of conviction,…
January 25, 2019
The positive outlook is anchored by the collapse in sentiment, low investor equity positioning (see Slide 9),…
STRATEGY (Lee): EARNINGS: market reaction more “speed bump” not “down…
January 18, 2019
STRATEGY (Lee): EARNINGS: market reaction mor…
January 18, 2019
We are entering earnings season and the key question on investors mind is whether the softness and “tape bo…

More reports are available in the Research Library.

Technical

TECHNICALS (Sluymer): A/D lines at new highs, lagging Cyclicals/China …
February 20, 2019
TECHNICALS (Sluymer): A/D lines at new highs,…
February 20, 2019
Bottom Line: Cycle recovery intact – Potential pause in Q2 pending - The lows esta…
TECHNICALS (Sluymer): Barbell exposure between secular Growth and Cycl…
February 12, 2019
TECHNICALS (Sluymer): Barbell exposure betwee…
February 12, 2019
While traders are understandably nervous following the Q1 surge in equity markets ba…
KELSEY 3Qs VIDEO: Sluymer, TA, sees Barbell exposure between secular G…
February 12, 2019
KELSEY 3Qs VIDEO: Sluymer, TA, sees Barbell e…
February 12, 2019
In this week’s video, we begin by discussing two noteworthy technical events devel…
TECHNICALS (Sluymer): Secular leadership intact with Cyclical particip…
February 5, 2019
TECHNICALS (Sluymer): Secular leadership inta…
February 5, 2019
In the short-term, the S&P is into its next resistance band between a 62% retracemen…

More reports are available in the Research Library.

Quantamental

FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 5 …
February 20, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 20, 2019
New this week: Buy Ideas - BIIB, EOG, LYB, ORLY, ROK; Short Ideas - PPL
QUANT (Doctor): Doctor Quant Model – Smaller cap outperformance weighs …
February 19, 2019
QUANT (Doctor): Doctor Quant Model – Smalle…
February 19, 2019
The Doctor Quant Model (DQM, slide 3) 12/31 long portfolio underperformed the S&P 50…
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 12…
February 6, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
February 6, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical Matrix – Highlighting 3 …
January 23, 2019
FS QU/TE (Doctor/Sluymer): Quant / Technical …
January 23, 2019
New this week: Buy Ideas - BA, ITW, MTB; Short Ideas - KMX, MAT

More reports are available in the Research Library.

Cryptocurrency FX

CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 18, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 18, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 0.3%, compared with a 2…
CRYPTO (Xuan): Fundstrat Benchmark Crypto Indices Weekly Performa…
February 11, 2019
CRYPTO (Xuan): Fundstrat Benchmark Crypto Ind…
February 11, 2019
Over the past 7 days, the FS CryptoFX Agg Index increased by 8.2%, compared with a 0…
CRYPTO (Lee): 2019 Outlook — Crypto quiet now, but many positiv…
February 8, 2019
CRYPTO (Lee): 2019 Outlook — Crypto quiet n…
February 8, 2019
We remain positive on Crypto in 2019 and the best projects will be those with strong…
CRYPTO TECHNICALS (Sluymer): Cryptocurrencies at risk of breaking…
February 6, 2019
CRYPTO TECHNICALS (Sluymer): Cryptocurrencies…
February 6, 2019
Crypto currencies are approaching another key inflection point, as they retest their…

More reports are available in the Research Library.

Policy

POLICY (T. Block): Tom Block’s Takeaways: North Korean Summit and China t…
February 19, 2019
POLICY (T. Block): Tom Block’s Takeaways: N…
February 19, 2019
Last week’s trade talks in Beijing ended on a positive note with Trump saying he i…
POLICY (T. Block): Tom Block’s Takeaways: Big Week in DC: Shutdown threat…
February 11, 2019
POLICY (T. Block): Tom Block’s Takeaways: B…
February 11, 2019
Negotiations between the Democratic House and Republicans seem to be slipping away f…
POLICY (T. Block): Tom Block’s Takeaways: Trump comes to Nancy Pelosi’s…
February 4, 2019
POLICY (T. Block): Tom Block’s Takeaways: T…
February 4, 2019
Policy speculation ranges from intent to declare national emergency at the border to…
POLICY (T. Block): Tom Block’s Takeaways: Shutdown – What caused longes…
January 28, 2019
POLICY (T. Block): Tom Block’s Takeaways: S…
January 28, 2019
The nine most terrifying words in the English language are, 'I'm from the government…

More reports are available in the Research Library.