About the Strategist
Thomas J. Lee, CFA – Co-Founder, Head of Research
Thomas Lee is a Managing Partner and the Head of Research at Fundstrat Global Advisors. He is an accomplished Wall Street strategist with over 25 years of experience in equity research, and has been top ranked by Institutional Investor every year since 1998. Prior to co-founding Fundstrat, he served as J.P. Morgan’s Chief Equity Strategist from 2007 to 2014, and previously as Managing Director at Salomon Smith Barney.
Our Approach
Actionable Investment Ideas
- Tailored recommendations based on macro trends
- Sector-specific actionable insights for optimal portfolio positioning
- Frequent updates ensuring timely decision-making
Global Economic Health
- Periodic assessments of global GDP growth
- Evaluations of leading and lagging economic indicators
- In-depth analysis of global trade patterns
Monetary Policies and Central Banks
- Insights into global central bank actions
- Predictive analysis of interest rate shifts
- Assessment of quantitative easing impacts
Inflation Dynamics
- Comprehensive reviews of inflationary trends
- Insights into core vs. headline inflation
- Evaluations of factors driving inflationary pressures
Interest Rates and Fixed Income Markets
- Analysis of yield curves and their implications
- Predictions on interest rate trajectories
- Insights into global bond markets
Sector Weighting
- Sectoral analysis based on macroeconomic shifts
- Recommendations on sector allocations
- Insights into emerging sector opportunities
Currency Markets
- Deep dives into major and minor currency pairs
- Analysis of geopolitical events affecting currency values
- Predictions on future currency strength and weaknesses
Commodities and Energy
- Examination of oil, gold, and other commodity price movements
- Insights into supply-demand dynamics
- Predictions based on geopolitical and environmental factors
Emerging Markets
- Comprehensive analysis of burgeoning economies
- Evaluations of risks and opportunities in specific regions
- Insights into trade dynamics affecting emerging markets
Demographics and Social Trends
- Analysis of global demographic shifts
- Insights into supply-demand dynamics
- Predictions based on geopolitical and environmental factors
Geopolitical Risks
- Comprehensive assessment of global political events
- Predictions on market reactions to geopolitical tensions
- Analysis of potential economic sanctions and their impacts
Sustainability and Climate Economics
- Examination of oil, gold, and other commodity price movements
- Insights into supply-demand dynamics
- Predictions based on geopolitical and environmental factors
Research and Coverage
Reports
First Word
Delve deep into a holistic market overview with our "First Word" reports. Scrutinize macro indicators, current trends, and sector rotations, and unravel fact-based evidence that points towards prospective market opportunities.
VIDEO FLASH: Stocks are 3% from all-time highs, yet, this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower to drive an all-time high in equities
VIDEO: Stocks are 3% from all-time highs, yet this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower to drive an all-time high...
⚡️FlashInsights
Dive into real-time market insights with Tom Lee as he navigates through crucial market dynamics and events pivotal to macro strategy. Stay informed, stay ahead.
Thomas Lee, CFA
Head of ResearchTo those invested in our $GRNY ETF (Granny Shots), * $GRNY made the top list of diversified ETF in last 30 days (based upon performance) This is investors business daily IBD
Thomas Lee, CFA
Head of ResearchApril Core PPI negative -0.44% MoM * so much for "tariffs cause inflation" showing up this month REMINDER: macro data will be polluted next two quarters, but we expect markets to see through this and focus on 2026
Intraday Alerts
When the market takes unexpected turns, our "Intraday Alerts" come to your rescue. These short-form reports clarify significant market-moving events, ensuring you're never caught off-guard and always make informed decisions.
MARKETING DECK: Looking ahead to 2026 argues for P/E expansion
Comm. Services: CARG, SPOTDiscretionary: BROS, CVNA, FTDR, LRN, SGI, SN, WING, WSMStaples: SFMFinancials: ATLC, ENVA, GCMG, IBKR, SKWD, SNEX, TBBKHealthcare: DOCS, GMED, HIMS, SMLR, TDOCIndustrials: AWI, CR, ENS, ESE, FLS, RKLBTechnology: APP, AVPT, CVLT, DOCN, HCKT, IONQ, MSTR, OKTA, OSIS, OSPN, PLUS, PSTG, TEAM,...
Earnings
When earnings season rolls around, we've got you covered. Our comprehensive reports detail earning conditions, earning beats, and stock performance by sector, providing a clear and insightful analysis of the market's response to earnings releases.
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/22/2025
Click HERE to view the report in PDF format. * 17 companies are reporting this week. * Of the 469 companies that have reported so far (94% of the S&P 500): * Overall, 78% are beating estimates, and those that "beat" are beating...
Weekly Roadmap
End your week with our "Weekly Roadmap", a summary that encapsulates our expert views and closing remarks for the week. This digest is crafted to bring all market happenings and our insights into one coherent context, ensuring you're well-informed and ready for the week ahead.
Stocks Rally So Hard It Forces Investors to Feel FOMO
Investors got some much-awaited relief on the U.S.-China trade deal front, helping the S&P 500 erase losses for the year, now up 1.3% in 2025. Since April 7, the index has rallied over 20%, marking the quickest recovery...
Hardika Singh
Economic Strategist, Market IntelligenceMedia
Macro Minute Video
Visualize macro strategy insights with "Macro Minute". These concise video briefings furnish clients with a snapshot of present market opportunities and prevailing trends, ensuring you're always one step ahead in the investment game.
May 21, 2025
VIDEO FLASH: Stocks are 3% from all-time highs, yet, this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower to drive an all-time high in equities
VIDEO: Stocks are 3% from all-time highs, yet this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower to...
Thomas Lee, CFA
Head of ResearchAnnual Outlook
As we look ahead, our annual outlook serves as a comprehensive guide for our clients, detailing our predictions and strategies for different sectors and indexes in the upcoming year. This outlook is crucial in helping our clients position themselves for future market developments.
Markets in Turmoil: Assessing Where Things Stand
Join us on Monday, April 7 at 4:30 pm ET for a live market update webinar with Fundstrat’s Head of Research, Tom Lee.
Thomas Lee, CFA
Head of Research
Mark L. Newton, CMT
Head of Technical Strategy
L. Thomas Block
Washington Policy Strategist
Market Update Webinar
Stay abreast of market trends and have your queries resolved with our Market Update webinars. These sessions are designed to provide clarity on current market conditions and assist clients in strategizing accordingly.
Special Webinars
Our special webinars are dedicated to unraveling specific market phenomena such as inflation and other vital macro metrics. These sessions provide in-depth insights, aiding clients in navigating through complex market dynamics.
CEO Interviews
Leverage our extensive network as we sit down with prominent CEOs to gain firsthand insights into the landscape of their respective sectors or sub-industries. These interviews are a goldmine of information, offering unique perspectives that can significantly impact investment strategies.
Expert Interviews
In our commitment to provide multi-faceted insights, we conduct interviews with technical experts and other key industry figures, shedding light on nuanced aspects of the market and bringing diverse perspectives to our clients.
Fund Managers Interviews
We delve into the minds of fund managers, exploring their strategies and approaches in navigating the complexities of the current macroeconomic landscape. These interviews offer a glimpse into the world of fund management, providing valuable takeaways for our clients.
Archives
Appearances Media Archives
Our researchers make appearances across a variety of media outlets including podcasts, TV shows, newspapers, and financial magazines. We diligently track and archive these appearances, creating a comprehensive media library that our clients can refer to at their convenience.
Sean Farrell on Timing Crypto's next break out
6 days ago
CNBC Media Archives
We maintain an archive of CNBC appearances by Tom Lee, our Head of Research, highlighting his role as a contributor of note to a premier news platform. Much more than occasional opportunities, these are regular invitations to weigh in on market-moving topics. The habit of seeing Tom on a CNBC screen underscores the degree to which the financial media recognizes his ability to consistently generate market insights – which are also available to our subscribers in greater detail and in multiple formats via our research reports, videos, webinars, and client calls.
There's not much signal in Moody's U.S. downgrade
3 days ago
Sample Reports
Probabilities suggest "hot" Feb core CPI above consensus of +0.30%. Jan "hot" CPI drove a 3% sell-off. But with "gas in the tank," this is a buy the dip moment.
VIDEO: February CPI is reported on Tuesday. I think there’s a risk that it’s a hot number, but it’s probably similar to January when you wanted to buy that 3% pullback that follows a hot CPI. (duration: 3:40)....
Thomas Lee, CFA
Head of ResearchJanuary on track for >3% gain, solidifying 2024 to be positive (>92% probability) and suggests our 5,200 target might be low.
VIDEO: Even more important than FOMC or even macro this week is the Wed close. Jan is on track to be positive and it supports our case for 5200 or even much higher (duration: 4:05).
Thomas Lee, CFA
Head of ResearchLatest Publications
VIDEO FLASH: Stocks are 3% from all-time highs, yet, this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower to drive an all-time high in equities
VIDEO: Stocks are 3% from all-time highs, yet this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower to...
Thomas Lee, CFA
Head of ResearchMay Super Granny and Super SMID Granny Market Update + SMID Granny May Rebalance +11 adds/ -11 deletes.
VIDEO: Stocks are 3% from all-time highs, yet, this is one of the "most hated" rallies as investors are looking for reasons for stocks to fall, rather than upside. This is a good sign. And we see firepower...
Thomas Lee, CFA
Head of ResearchVIDEO FLASH: Moody’s downgrade not signal. Market resilience shows investors do not have enough exposure to stocks
VIDEO: As we discussed Sunday, we did not see much signal from Moody’s downgrade. Thus, equities closed green after opening down more than -1%. To us, this reveals how underexposed investors are. And this keeps pullbacks shallow.
Thomas Lee, CFA
Head of ResearchWe view the Moody's downgrade (of USA debt from AAA) as largely non-event and would buy the dip.
Over the weekend, Moody's downgraded the USA sovereign rating from Aaa to Aa1. Moody's is the last to downgrade the USA and now the US is no longer AAA-rated by any agency. While many might call for stocks...
Thomas Lee, CFA
Head of ResearchBook a Meeting
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