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 Institutional Research
While equity indices have advanced for the past few weeks, it has masked a deterioration of the cyclical sect…
Energy stocks have struggled since mid-March and month to date are down ~4% vs a 4% gain in the S&P 500. So …
Over the weekend (and Friday), there were several notable COVID-19 developments, all entirely positive: - Isr…
STRATEGY: Oil prices key to direction of Epicenter trade... We want to revisit the progress of Israel in its …
Global markets were roiled today by the FDA's announcement to "pause" the J&J vaccine, out of an abundance of…
Daily vaccinations hit an all-time high again in the US at 3,200,732 (based on 7D average). If there is anyth…
Earning season is starting in the next few weeks, and 1Q2021 will differ from the last 4 earnings season for …
More reports are available in the Research Library.
My calls continue to be dominated by macro discussions. Rising interest rates concer…
The rise in interest rates has nearly disappeared from client discussions over the p…
The rise in interest rates was replaced this week as the top issue in my meetings, a…
More reports are available in the Research Library.
Intermediate-term indictors, tracking multi-month shifts, continue to peak and turn …
Early signs of a market pause/pullback developing as intermediate-term momentum beg…
Our outlook remains unchanged, bullish for equities through 2021 while expecting a t…
More reports are available in the Research Library.
Bitcoin made new ATHs last Wednesday as investors piled in ahead of the Coinbase IPO…
A lot happened this week. Bitcoin hit new ATH’s and crypto markets are showing sig…
In this crypto weekly note, we’re giving a more comprehensive Q1 end update coveri…
More reports are available in the Research Library.
Overweight and underweight ideas as of 3/31/2021
Overweight and underweight ideas as of 2/28/2021
QuTe Absolute Performance Summary (see Slide 9 for two week relative performance)  
More reports are available in the Research Library.
78 companies are reporting this week. Of the 51 companies that have reported so far …
79 companies are reporting this week. Of the 45 companies that have reported so far …
The market melted higher for much of the week as earnings started off pretty strong …
More reports are available in the Research Library.
Pelosi and White House announce Presidential address before Congress on April 28. F…
Congress returns after a two week break for Easter and Passover. Search for biparti…
House and Senate on recess this week, returning week of April 12. Biden unveils $2T …
More reports are available in the Research Library.
While equity indices have advanced for the past few weeks, it has masked a deterioration of the cyclical sect…
Energy stocks have struggled since mid-March and month to date are down ~4% vs a 4% gain in the S&P 500. So …
Over the weekend (and Friday), there were several notable COVID-19 developments, all entirely positive: - Isr…
More reports are available in the Research Library.
Intermediate-term indictors, tracking multi-month shifts, continue to peak and turn …
Early signs of a market pause/pullback developing as intermediate-term momentum beg…
Our outlook remains unchanged, bullish for equities through 2021 while expecting a t…
More reports are available in the Research Library.
My calls continue to be dominated by macro discussions. Rising interest rates concer…
The rise in interest rates has nearly disappeared from client discussions over the p…
The rise in interest rates was replaced this week as the top issue in my meetings, a…
More reports are available in the Research Library.
78 companies are reporting this week. Of the 51 companies that have reported so far …
79 companies are reporting this week. Of the 45 companies that have reported so far …
The market melted higher for much of the week as earnings started off pretty strong …
More reports are available in the Research Library.
Overweight and underweight ideas as of 3/31/2021
Overweight and underweight ideas as of 2/28/2021
QuTe Absolute Performance Summary (see Slide 9 for two week relative performance)  
More reports are available in the Research Library.
Bitcoin made new ATHs last Wednesday as investors piled in ahead of the Coinbase IPO…
A lot happened this week. Bitcoin hit new ATH’s and crypto markets are showing sig…
In this crypto weekly note, we’re giving a more comprehensive Q1 end update coveri…
More reports are available in the Research Library.
Pelosi and White House announce Presidential address before Congress on April 28. F…
Congress returns after a two week break for Easter and Passover. Search for biparti…
House and Senate on recess this week, returning week of April 12. Biden unveils $2T …
More reports are available in the Research Library.
While equity indices have advanced for the past few weeks, it has masked a deterioration of the cyclical sect…
Energy stocks have struggled since mid-March and month to date are down ~4% vs a 4% gain in the S&P 500. So …
Over the weekend (and Friday), there were several notable COVID-19 developments, all entirely positive: - Isr…
STRATEGY: Oil prices key to direction of Epicenter trade... We want to revisit the progress of Israel in its …
More reports are available in the Research Library.
Intermediate-term indictors, tracking multi-month shifts, continue to peak and turn …
Early signs of a market pause/pullback developing as intermediate-term momentum beg…
Our outlook remains unchanged, bullish for equities through 2021 while expecting a t…
The first few weeks of each year are often volatile, and despite the myths, not part…
More reports are available in the Research Library.
Overweight and underweight ideas as of 3/31/2021
Overweight and underweight ideas as of 2/28/2021
QuTe Absolute Performance Summary (see Slide 9 for two week relative performance)  
New this week: Buy Ideas - AMAT, CF, DHI, DUK, GM, HIG, HPQ, INTC, KLAC, LEG, LMT, M…
More reports are available in the Research Library.
Bitcoin made new ATHs last Wednesday as investors piled in ahead of the Coinbase IPO…
A lot happened this week. Bitcoin hit new ATH’s and crypto markets are showing sig…
In this crypto weekly note, we’re giving a more comprehensive Q1 end update coveri…
Ava Labs is building the Avalanche protocol which expects to deliver the highest per…
More reports are available in the Research Library.
Pelosi and White House announce Presidential address before Congress on April 28. F…
Congress returns after a two week break for Easter and Passover. Search for biparti…
House and Senate on recess this week, returning week of April 12. Biden unveils $2T …
Wednesday President Biden heads to Pittsburgh to announce infrastructure program. T…
More reports are available in the Research Library.
My calls continue to be dominated by macro discussions. Rising interest rates concer…
The rise in interest rates has nearly disappeared from client discussions over the p…
The rise in interest rates was replaced this week as the top issue in my meetings, a…
I will reiterate my comment from last week because it is quite apparent — every cl…
More reports are available in the Research Library.
78 companies are reporting this week. Of the 51 companies that have reported so far …
79 companies are reporting this week. Of the 45 companies that have reported so far …
The market melted higher for much of the week as earnings started off pretty strong …
24 companies are reporting this week. Of the 39 companies that have reported so far …
More reports are available in the Research Library.