Tamer Feb US CPI may not budge Fed, given tariff picture
Chief Economist Jeanette Garretty was quoted in Reuters discussing stagflation concerns and the Fed’s next moves. “This should end for a while anyway, stagflation concerns. The dominant concern in the market that started last week was economic growth and then you got stagflation concerns,” said Garretty. Read more here: https://bit.ly/3FnTMYd Disclosures Investment advisory services offered through Robertson Stephens […]
Understanding the Current Market Selloff – March 11, 2025
Stocks started 2025 trading higher but have since pulled back. The S&P 500 has declined more than -8% from its all-time high on February 19th, lowering its year-to-date return to -5% (Figure 1). The Nasdaq 100, an index of technology and growth stocks, is down -7% year-to-date, while the small-cap-focused Russell 2000 has fallen -9%. The Magnificent 7, a group that includes Microsoft, Apple, Meta, Alphabet, Amazon, Nvidia, and Tesla, has declined nearly -15%. Given the recent volatility, our team wanted to discuss the current environment and provide a market update.