Robertson Stephens Named to Newsweek’s America’s Top Financial Advisory Firms 2025
Award recognizes the firm’s impact and commitment to delivering excellent client service. SAN FRANCISCO, Dec. 19, 2024—Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), a $7 billion registered investment advisor, announced today that it has been named one of America’s Top Financial Advisory Firms 2025 by Newsweek and Plant-A Insights Group, which developed its list by […]
FOMC Commentary – December 18, 2024
By Jeanette Garretty, Chief Economist Confirming recent expectations in financial markets, the Federal Open Market Committee (FOMC) announced a further 25bps cut in the Fed Funds rate while changing projections for rate cuts in 2025. The Fed Funds target range is now 4.25%-4.5%. In the accompanying Summary of Economic Projections (SEP), the members of the FOMC […]
Year Closer To Over Than 3-Weeks
December 9, 2024 Good morning, The S&P 500 Index added another one percent into new high territory last week, continuing the slow grind higher for equities into year end. Year-end is much closer for markets than the three weeks from tomorrow calendar measure. Last Friday’s payroll figures represented one of the last major event risks […]
Stocks Look Ready For Holiday Parties
December 5, 2024 Good morning, Stocks continue to grind higher while bond yields have pulled back (rising prices) from their post-election highs. The prospects for the new Administration’s market-friendly policies have given the already strong market a boost into year end. The question as the new year approaches is whether the market has priced in […]
Happy Thanksgiving
November 25, 2024 Good morning, The results of the Nvidia “tell” we talked about last Thursday morning were just slightly bullish for the market. NVDA ended the week 3-pennies lower in price than where it started. With every reason in the world to correct on its earnings announcement, it did not. Those results encapsulated the […]
November 2024 Recap
Economy In November 2024, the U.S. economy continued its steady ascent, displaying a commendable blend of resilience and moderate growth. The Personal Consumption Expenditure (PCE) price index, a favored inflation barometer, ticked up by 2.3% year-over-year—a modest yet notable increase that signals tempered inflationary pressures. Meanwhile, the labor market held firm, with unemployment unwavering at […]
Client Testimonials – Joe Delaney
Testimonials provided by current clients of Robertson Stephens. Testimonials may not be representative of the experience of other customers and are no guarantee of future performance or success. “My wife, Joanna, and I were introduced to Joe Delaney in 2017 by a good friend of mine who has known Joe since college at Stanford and was using him for some […]
Trump’s Political “Tape Bombs” and the Santa Claus Rally
By John Lau December 2, 2024 – On Monday last week, after the close, President-elect Trump dropped a political “tape bomb” by threatening to levy 25% tariffs against Canada and Mexico and add an additional 10% tariff on China. The impact of the threat didn’t push the S&P 500 lower, but it did cause a […]
Using A Microscope To See The Stars
November 21, 2024 Good morning, I believe the market is set up this morning to give us a clear snapshot into its current psychological state. If most readers of these Morning Notes are long-term investors, as opposed to traders, why should we care about a snapshot in time? We all believe that the key to […]
Quiet-ish Week
November 18, 2024 Good morning, The S&P 500 Index was off -2.08% last week. All those losses came after Fed Chair Powell’s comments Thursday afternoon: “The economy is not sending any signals that we need to be in a hurry to lower rates. The strength we are currently seeing in the economy gives us the […]
October 2024 Monthly Letter
The following is your October 2024 Robertson Stephens Monthly Performance Report. Given that it is already mid-November as I write this note and the likelihood (let’s hope so) that the event of the year just happened (and is still happening), reviewing the month of October is of little value. I will leave October with this; it was […]
Man Down
November 15, 2024 Good morning, Sorry for the miss yesterday morning, I’ll think twice before getting the flu shot and covid-booster at the same time (Wednesday). It was “Man Down” early Thursday morning. Now back to our regularly scheduled program. The equity market got a reason to exhale yesterday after almost 2 weeks of rallying. […]