FN2 Research

Markets, explained.

Cited, no-noise breakdowns of why stocks move — earnings reactions, macro shifts, and the data behind the headlines.

Stylized crude-oil price chart with a sharp upward spike
Commodities · Macro · How it works

Why Oil Prices Spike: A Field Guide

Oil moves on supply shocks, demand surprises, and risk premium. Here is the field guide to telling them apart when the price gaps up.

Stylized dot-plot scatter of year-end interest-rate projections
Macro · Rates · How it works

The Fed Held Rates — What the Dot Plot Actually Says

The rate decision moves headlines; the Summary of Economic Projections moves markets. Here is how to read the dot plot like the desk does.

Stylized line chart of a normal versus inverted yield curve
Macro · Rates · Primer

Reading the Yield Curve: A 5-Minute Primer

The yield curve is a recession indicator with a real track record. Here is what it is, why inversion matters, and how to read it without the jargon.