Momentum Falls To Zero
June 9, 2021 Good morning, Last week we presented a 15-month chart of the S&P 500 pointing out that the index’s climb rate had slowed considerably as of its first anniversary. A perfectly normal 2nd year of a bull market development, historically. For the days since then, that sideways trend has only intensified, which is […]
You Don’t Need a Vaccine to Invest Abroad
By Stuart Katz, Chief Investment Officer, May 28, 2021 While many are still ruminating about a life of international travel, wondering when it might be safe to resume vacation planning overseas, others aren’t waiting to enjoy some of what the world’s destinations have to offer. They haven’t booked a flight to a Greek island or […]
Alternative Real Estate Strategy Insights
By Stuart Katz, Chief Investment Officer, May 27, 2021 As part of the Investment Office’s commitment to communication and information, below please find our current observations and framework to help support our alternative real estate recommendations in multifamily (MF) and single family rental (SFR). Despite the current price environment, the IO maintains its conviction in […]
Dow logs over 500-point gain as investors eye fiscal stimulus prospects
MarketWatch By Joy Wiltermuth and Sunny Oh, October 7, 2020 Our Chief Economist, Jeanette Garretty, shares her insights on the economic future and the possibility of a COVID-19 vaccine. “We’ve spent so many months thinking, will we survive this, physically and economically,” Jeanette Garretty, chief economist at Robertson Stephen, told MarketWatch. “But now, it’s about […]
Business Planning and the Economy
Jeanette Garretty, Chief Economist, September 9, 2020 Anyone who has taken a first-year economics course has heard about what is sometimes called the micro-macro paradox, where completely valid decisions by individual actors in the marketplace lead, in the aggregate, to market conditions that invalidate those decisions (Note: the paradox was alternatively defined by Paul Mosley […]
RE-WRITE U.S. Stocks Rise to Record Highs; Dollar Rallies: Markets Wrap
Investing.com Bloomberg, November 26, 2019 Jeanette Garretty, Chief Economist, shares her insights on economic trends as U.S. equity rises to a new high. Trade “is on everybody’s mind,” said Jeanette Garretty, managing director and principal of Robertson Stephens Wealth Management in San Francisco. “The equity markets on any given day are happy to look at […]
America’s Jobs Crisis Could be about to Get Even Worse
CNN Business Annekan Tappe, Senior Writer, August 5, 2020 Jeanette Garretty, Chief Economist, shares her thoughts on the monthly job reports, what July numbers could look like and the US job market in the midst of the COVID-19 pandemic. “July is so uncertain because some areas, some sectors continued to reopen in the early part […]
S&P Concentration Considerations
August 4, 2020 – There are increasing concerns in the market place regarding the concentration in the S&P500. Click Here for the Investment Office’s Perspective on this Concentration Topic We maintain the view that fundamentals are the ultimate transmission mechanism for long term value creation. The typical market headlines focus on the investment “speculation” chasing […]
COVID-19 Puts Alternatives Back in the Mainstream
InvestmentNews Jeff Benjamin, Senior Columnist, July 12, 2020 Chief Investment Officer, Stuart Katz shares his insights on meaningful performance dispersion between the best and worst alternative investments. “There is meaningful performance dispersion between the best and worst alternative investments, unlike the public markets,” said Stuart Katz, chief executive and chief investment officer at Robertson Stephen […]