Possible Warning Signs From Last Weeks’ Celebration
November 11, 2024 Good morning, The stock market seemed to cheer Donald Trump’s victory last week. The bond market did not. On Wednesday, the S&P 500 Index (SPX) surged +2.5%, the best day after the election since at least 1928. Long-term Treasury’s dropped -2.3% in price, the 10th worst day after an election. On the week, […]
Same Story I’m Afraid
November 7, 2024 Good morning, As a lifetime student of markets, the early seminal lesson I learned at the foot of a master technician (Alan Shaw) 40 years ago gets played out in real-time in markets over and over again; “The best predictive tool of a market’s future is the market itself.” Translated, the market […]
Client Testimonials – Holmdel Office
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. “After being introduced via trusted friends and neighbors, we have worked with Frank Corrado and team for over 10 years. The life transition we were facing was planning […]
Market Note: Trump’s Second Term– What It Means for the Economy and Markets
November 15, 2024 – Perhaps the biggest surprise of the 2024 election was that Americans woke up the next day to find the presidential race called. After the prolonged and contentious experience of the 2020 vote count, and with polls showing this election as extremely close, there was widespread relief in a clear outcome. The […]
Dynasty 529 Plans Can Build Generational Wealth
November 12, 2024 Leveraging these college-savings plans for tax-free growth combats rising education costs but families must keep up with IRS developments. As published in Rethinking65 By Mallon FitzPatrick A 529 plan is arguably one of the most powerful vehicles for funding higher education in the United States. These plans come in two varieties: prepaid […]
FOMC Commentary – November 7, 2024
By Jeanette Garretty, Chief Economist Today, the Federal Open Market Committee (FOMC) of the Federal Reserve announced a 25 bps Fed Funds rate cut, resetting the target Fed Funds rate to 4.5-4.75%. This represents a full 75 bps reduction in short term rates since the Fed began to move monetary policy to a more “neutral” […]
Possible Warning Signs From Last Weeks’ Celebration
November 11, 2024 Good morning, The stock market seemed to cheer Donald Trump’s victory last week. The bond market did not. On Wednesday, the S&P 500 Index (SPX) surged +2.5%, the best day after the election since at least 1928. Long-term Treasury’s dropped -2.3% in price, the 10th worst day after an election. On the week, […]
Same Story I’m Afraid
November 7, 2024 Good morning, As a lifetime student of markets, the early seminal lesson I learned at the foot of a master technician (Alan Shaw) 40 years ago gets played out in real-time in markets over and over again; “The best predictive tool of a market’s future is the market itself.” Translated, the market […]
September 2024 Monthly Letter
The following is your September 2024 Robertson Stephens Monthly Performance Report. The chart above has many investors (including me) nervous about valuation and too much of a good thing. History makes a good argument for us to reach for the Prilosec and to stay invested. The S&P 500 Index rose 2.14% in September, bringing its monthly winning […]
Stocks and Bonds Seemingly Unfazed by Red or Blue Outcome
November 4, 2024 Good morning, Last Thursday morning I suggested that the recent trend in equities would be challenged, and it was. I also suggested that a trend-breaking move would be muted ahead of the election – it was not. Thursday’s S&P 500 Index (SPX) decline (-1.86%) was the biggest one-day drop in months. As usual, it […]
It’s All Election Now
October 31, 2024 Good morning, With 5 days left to the closely contested election, no one knows the outcome. The polls are even; stocks and bonds are leaning Red, but Wall Street can get it wrong. There is not much I can write today or Monday that will prove to be of much value. So, […]
Very Noisy Week Ahead
October 28, 2024 Good morning, For the first time in 7 weeks, the S&P 500 Index was down last week, off a whopping -0.96%. The corrective pause in the equity market continues – more of a correction for value stocks, and more of a pause for growth stocks. As well, yields continued rising in the […]