Quick Takes Are Slow To Give Back
December 18, 2023 Good morning, Markets have moved quickly from pricing in the bearish narrative “higher for longer” during the three months of August through October, to pricing in the bullish narrative “early and often” over the past two months. Meanwhile, since August, the Fed has moved from a tightening bias to a neutral bias. […]
Oof!
December 14, 2023 Good morning, Color me wrong! On Monday, I commented that the market set-up going into yesterday’s FOMC meeting was likely bearish in the belief that participants could not contort an unchanged Fed statement any further than they already had at the November meeting. What I missed was the change in Fed posture […]
Is More Contortion Possible
December 10, 2023 Good morning, Last Friday morning’s big event of the week – November employment data – was mixed and had something for both bulls and bears to argue with. Financial journalists thought last week’s news was good for investors in the soft-landing camp. You wouldn’t know that from looking at market behavior. The S&P […]
Here’s Why Financial Advisors Loved Charlie Munger
December 7, 2023 – Chief Investment Officer, Stuart Katz was featured in Barron’s ‘Here’s Why Financial Advisors Loved Charlie Munger.’ “I think many of us who are passionate about investing and markets will remember Charlie Munger for his grandfatherly wit and wisdom and what seemed to be an undercurrent of grumpiness,” Katz said. “What impressed me most was his […]
Pullback Risk Running High
December 4, 2023 Good morning, Much of the recent rally can be attributed to the belief by investors that inflation is moderating with interest rates coming down in anticipation of Fed rate cuts. And by rate cuts, the market means a cut in February and over 100 bps of cuts next year. Juxtaposing this outlook […]
Don’t Forget Fiscal Policy Trends
November 30, 2023 Good morning, Let us pause for a moment this morning and bid a fond farewell to November. Thank you Nov-ie, and well done! Recall how it felt limping into this glorious month – leaves were turning, the scent of fall was in the chilly air, markets had been pummeled for three straight months, market […]
Chris Knapp on Financial Planning Podcast
December 1, 2023 – Principal and Managing Director, Christopher L. Knapp appeared on Financial Planning podcast to discuss ‘How to have more impactful ESG conversations with clients.’ “If you go into a room of people and start talking about going green or going sustainable, too often what you’re going to see is people will tune you out, thinking that […]
Impactful Financial Planning Considerations For Mid-Career, High-Net-Worth Earners
As published in Private Wealth Avi Deutsch is a managing director at Robertson Stephens Wealth Management, LLC, where he advises on portfolio management, financial planning and social impact investing. Deutsch especially enjoys working with tech executives and entrepreneurs on exit planning, liquidating stock options and crypto assets, and planning for life after a liquidity event. Russ […]
The Nature of Questions
November 27, 2023 Good morning, I hope you had a delightful Thanksgiving break. As U.S. trading desks go back to full staffing this morning, markets look indifferent to start the week. Equities and bonds changed little overnight, continuing last week’s trend that saw narrow closing ranges on holiday induced low volume. With only five trading weeks […]
Happy Thanksgiving
November 20, 2023 Good morning, Markets are quiet this morning as we begin the holiday-shortened week in the U.S. The one exception is the dollar, which remains on the defensive – another market (aside from stocks and bonds) prone to a short squeeze due to the largest yen short in 7 years by non-commercial traders (hedge funds). […]
3 Questions with Robertson Stephens Wealth Management, LLC featuring Best Selling Author, Speaker, and Consultant Rachel Kodanaz – Personal Possessions
November 16, 2023 – Chief Marketing Officer, Louis Calabrese, hosts Managing Director, Lauren Sigman and best selling author, speaker, and consultant Rachel Kodanaz to discuss strategies for categorizing and passing on personal possessions to the next generation. Disclosures Investment advisory services offered through Robertson Stephens Wealth Management, LLC (“Robertson Stephens Wealth Management, LLC”), an SEC-registered […]
Looks Lopsided
November 16, 2024 Good morning, Tuesday’s CPI report came in slightly lower than expected. However, judging solely by the market reaction in stocks and bonds, you would not be blamed for assuming the inflation report was one of the most dovish surprises in years. The S&P 500 Index jumped +1.9% for the best day in […]