It is a well-known rule of thumb that equity markets are supposed to look forward 7-9 months, a classic example of watching where the puck is going, not where it is at the moment. Yet the first quarter of this year, which ended three weeks ago,
Investment Office Insights
Robertson Stephens Weekly Commentary – April 15, 2024
Retail gasoline prices in the United States were already up sharply before this weekend’s shocking developments in the Middle East. Although there is not expected to be any significant threat to oil supplies in the near term, the uncertainty of the
Robertson Stephens Weekly Commentary – April 8, 2024
The 303,000 net new jobs created in March, per last Friday’s announcement by the Bureau of Labor Statistics, was well above analyst expectations and conclusive proof that the US isn’t anywhere near a recession. The Atlanta Fed GDPNow estimate of
Robertson Stephens Weekly Commentary – April 1, 2024
Reserve’s seemingly clear commitment in March to lower interest rates at some point this year— or with fearful memories of past inflation and economic forecasts gone wrong. There will be a large number of speeches by Federal Reserve presidents this
Robertson Stephens Weekly Commentary – March 25, 2024
Despite a remarkably dovish statement and outlook last week by the Federal Open Market Committee and Chairman Jerome Powell, inflation continues to be highly topical. It will be back in the spotlight with the release of PCE numbers for February this
Robertson Stephens Weekly Commentary – March 18, 2024
According to Shakespeare, Spring is "when winds breathe sweet, untidy though they be." Spring arrives this week on Tuesday, March 19, at 8:06 pm Pacific Time, just in time to kick up some untidy winds for Wednesday's much-anticipated Federal Open
Robertson Stephens Weekly Commentary – March 11, 2024
Markets are looking for a slight — very slight but critical — improvement in the inflation numbers for February that will be released this week. Fed Chairman Powell has already signaled, with surprising clarity last week, the Fed’s confidence that it
Robertson Stephens Weekly Commentary – March 4, 2024
It has seemed like the “Fed Funds Rate Cut in March “ mantra has dominated the financial news for months, despite the efforts of many to point out that the Fed has never indicated that they would move so soon. Now, that March FOMC meeting where so
Robertson Stephens Weekly Commentary – February 26, 2024
January and early February often bring mini-economic corrections to the excesses at the tail-end of the previous year. Layoffs are generally concentrated in November and December so that businesses can start January with a "clean slate" for the new
Robertson Stephens Weekly Commentary – February 20, 2024
There is no way around the fact that financial markets did NOT like the upside miss on both the CPI and PPI numbers last week, despite the protestation of economists that the numbers simply reflected the inevitable bumps in the road on the way to 2%