Tom Lee, CFA · Macro Research

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Tom Lee, CFA ^AC

Latest · Sep 29, 2026

Video: Macro Minute: White House hosts AI lunch, as AI industry looks towards "self-regulation" while Fed Williams speech leads to lower odds of an Oct hike

VIDEO_:_ The White House today hosted a lunch and announced a Super Intelligence accord, or pledge. This looks to be looking like a SRO, or self-regulatory organization. This is what NYSE, FINRA, BBB, etc...

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The Macro Minute gives you a quick evening rundown of what happened in markets that day, so you're better prepared to navigate what comes next. Listen as Tom Lee touches base with you, identifying the day's most meaningful market developments, complete with charts and graphics that will help you figure out what might be heading down the pipe.

Actionable Investment Ideas

Evidence-based recommendations based on macro trends: stocks, sectors, and more.

Macroeconomic Trends

A look beyond the headline numbers to identify what's driving the U.S. and global economy – and what's not.

Monetary policy

An examination of what's likely in store from the Federal Reserve, the Treasury, and their counterparts around the world – and why.

Inflation Dynamics

Core vs. headline and what drives inflation

Interest Rates and Fixed Income

Yield curves, rate trajectories, global bonds

Sector Weighting

Sector allocations and emerging opportunities

Currency Markets

Major and minor pairs, geopolitical drivers

Commodities and Energy

Oil, gold and supply-demand dynamics

Emerging Markets

Risks, opportunities and trade dynamics by region

Demographics and Social Trends

Global demographic shifts and their market impact

Geopolitics and social trends

Tom's take on how major news developments might impact your portfolio.

Sustainability and Climate Economics

Environmental factors shaping markets

Latest publications

Recent Macro Minute publications

What Tom Lee, CFA covered, and the tickers referenced in each.

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Macro Minute Video Sep 29, 2026 | 9:30 PM ET · Tom Lee, CFA ^AC

Video: Macro Minute: White House hosts AI lunch, as AI industry looks towards "self-regulation" while Fed Williams speech leads to lower odds of an Oct hike

Macro Minute Video Sep 28, 2026 | 9:05 PM ET · Tom Lee, CFA ^AC

Video: Macro Minute: Markets wobble as yields, oil and Fed weigh. But key potentially dovish data this week could walk markets back from hawkish land

VIDEO_:_ There is some key dovish data this week including the annual BEA PCE revision, which could reduce Core PCE YoY. And the Friday jobs report, which could be soft. At the moment, high...

Macro Minute Video Sep 24, 2026 | 11:09 PM ET · Tom Lee, CFA ^AC

Video: Macro Minute: Yields and bond volatility (MOVE) only surged since Fed Chair Warsh spoke at Jackson Hole. This suggests markets could respond to dovish data and a lot is on tap for next week.

VIDEO_:_ Our analysis shows that long-term yields and bond volatility only started surging after Fed Chair's speech at Jackson Hole. That was when he surprised markets with a very hawkish message. And since then,...

Macro Minute Video Sep 23, 2026 | 6:43 PM ET · Tom Lee, CFA ^AC

Video: Macro Minute: Equities weaken as US 10-yr exceeds 5% given multiple factors. That said, we believe we are at 'Max hawkish Fed' = max pain = buy the dip

VIDEO_:_ We believe the conditions are setup for stocks to continue to strengthen. While investors are understandably nervous given the rise in yields, this is creating maximum bearishness at a time of max hawkishness...

Macro Minute Video Sep 22, 2026 | 8:00 PM ET · Tom Lee, CFA ^AC

Video: Macro Minute: September 2026 Top Large Cap and SMID Cap Core Stock Ideas Market Update

MARKET: 6 MOST IMPORTANT FACTORS FOR EQUITIESAI IS A STRUCTURAL STORY… SPACE MIGHT EXTEND THIS2027 EPS +25%, WHILE PE CONTRACTSFED MAX "HAWKISH" = MAX PAIN = POSITIVEMIDTERMS POINT TO MARKET TURBULENCE2026 CHALLENGING = STILL...

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Top Wall Street Strategist

Tom Lee, CFA ^AC

Co-founder and 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. His areas of expertise include Market Strategy, Small/Mid-Cap Strategy and Telecom Services. Mr. Lee received his BSE from the Wharton School at University of Pennsylvania with concentrations in Finance and Accounting. He is a CFA charterholder and is an active member of NYSSA and the NY Economic Club.

Analyst Certification (Reg AC). The views expressed accurately reflect the personal views of the author about the subject securities and markets. No part of the author's compensation was, is, or will be related to the specific views expressed.

The rhythm

Recorded after the close. In your hands before the open.

4:00 PM ET

Market closes

Tom reviews the day: price action, data releases, positioning.

Evening

Tom records

One take, under ten minutes, with the charts that matter.

Before 11 PM ET

Published

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Before 9:30 AM ET

You watch

Coffee, ten minutes, and a clear plan for the open.

Called it

Recent calls, and what happened next

Sep 11, 2026

“We continue to expect a benign August Core CPI. This likely leads to a 'face ripper' rally in the next week or so.”

Next [FILL: what Core CPI printed / what the S&P 500 did over the following week]

Sep 14, 2026

“Heading into Sep FOMC we see stocks rising with a +25bp hike and a bigger rally if the Fed holds.”

Next [FILL: Fed decision and market reaction into month-end]

Selected examples chosen for illustration; not representative of all calls. Past commentary is not a guarantee of future results. Not investment advice.

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FAQ

Common questions

Tom records after the market close on most trading days. The video is published to the site, email and the Fundstrat Direct app the same evening, typically before 11PM ET, so it is waiting for you before the opening bell.

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Yes. Every episode is archived in the Macro Minute category of the members area, searchable by date, with the accompanying written note and tickers referenced.

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No. Macro Minute is research to inform your own decisions. Fundstrat Direct does not provide personalized investment advice or account management.