What Would Cause the Fed to Cut Rates Again?
By John Lau January 31, 2025 – On Wednesday, the Fed made no change to interest rates, as expected. Turning to Powell’s press conference, I do think the Fed used the meeting to convey that unless inflation declines further or growth rolls over, rates aren’t declining anytime soon. From a market standpoint, the net impact […]
Powell’s ‘Biggest Tell’ on Where Rates are Going
January 31, 2025 – Jeanette Garretty says the Fed was “very confident” after their decision to pause rate cuts this week. She says Powell’s “biggest tell” is his repeated mention that Fed policy is still restrictive and thinks they will cut again when they can. She discusses the potential economic impacts of the proposed tariffs. […]
January 2025 Monthly Letter
The following is your January 2025 Robertson Stephens Monthly Performance Report. Recall the correction stocks and bonds were suffering under as the New Year began. Markets got back on track in January, with both stocks and bonds broadly delivering positive returns (see red-free chart below). It was not a smooth ride – daily volatility increased considerably in both markets. […]
What A Week
January 31, 2025 Good morning, So far this week, the market has been mending the wounds from deep-sink Monday with mixed results. After losing -1.46% on Monday, the S&P 500 Index is down -.49% through last night’s close. Other indices, week-to-date are; NASDAQ Comp -1.37%, Dow Industrial’s +1.03%, Russell 2K +0.0%, Int’l Developed +.94%, and […]