FOMC Commentary – September 18, 2024
By Jeanette Garretty, Chief Economist The Federal Open Market Committee (FOMC) announced a cut in the Federal Funds target rate by 50 bps to a target range of 4.75%-5.0%. At the same time, the FOMC announcement emphasized the continuing strength of the US economy, as well as the fact that while inflation has cooled considerably, […]
Market Note: A Season of Change
September 12, 2024 – As the first turning leaves herald cooler days, another much-anticipated transition appears imminent—for the first time since March 2020, the Fed is on track to cut interest rates at its September meeting taking place next week. The moment investors and borrowers have long waited for has arrived. But with it comes […]
Robertson Stephens Adds Industry Veteran Mike Barnes as Head of Operations
Ellevest veteran brings additional depth to the management team, with expertise in building scalable platforms to enable growth and capacity San Francisco, CA – September 10, 2024 – Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), a rapidly growing national registered investment advisor (RIA) with over $6.5 billion in AUM, has named Mike Barnes as Head […]
Market Update: Walking Towards Uncertainty
September 6, 2024 – As the summer comes to a close, we are facing a split sense of the world around us with two very different faces. In one sense, we have had a great year in the public markets as I’ll discuss below. Equities are up a lot, bonds are finally up for the […]
August 2024 Recap
Economic Highlights The U.S. economy in August 2024 showed signs of resilience despite some soft data reported early in the month. The labor market experienced a slowdown, with only 114,000 new non-farm payroll jobs and the unemployment rate rising to 4.3%, partly due to the impact of Hurricane Beryl and an increase in job seekers […]
The Rotation from tech to the “rest” of the market continued
By John Lau September 2, 2024 – The rotation from tech to the “rest” of the market continued apace last week as traders used initial tech weakness as a profit taking opportunity. On a sector level, there was a clear cyclical preference as the solid GDP (Q2 GDP rose 3.0% saar[1] vs. (E) 2.8% saar) […]
WEALTHTALK – Building A Business Through Intelligent Acquisition, Organic Growth
CEO Raj Bhattacharyya appeared on WealthTalk by Family Wealth Report discussing the firm’s strategy, growth, and approach to mergers and acquisitions. Watch the full episode here: https://tinyurl.com/562eaar7
Jackson Hole Week – Should Be A Quiet One
August 19, 2024 Good morning, Last week’s market action was a fresh reminder of the old adage; Don’t Fight The Tape. Recall the markets behavior leading into last week when it pulled itself out of the massive Monday morning hole that the Carry Trade Crisis had dropped it down. Last week was one of the […]
Good Tape Near Term – Growing Concerns Long Term
August 15, 2024 Good morning, The evidence continues to grow, suggesting that the past month’s unusually volatile moves in all markets started as an ordinary equity market pullback with a 48-hour global financial system shock thrown on top (carry trade unwind). The normalization of trading conditions has continued so far this week, with the VIX […]
What A Difference A Week Did Not Make (to prices)
August 12, 2024 Good morning, What a difference a week makes – sort of. There is a sense of calm in markets this morning, which is a dramatic reversal from “Melt Down” Monday last week. It helps a bit that Japanese markets are closed for a holiday today. Still, last Wednesday, Bank of Japan Deputy […]
Is Your Information Protected?
By Vikram Chugh Here are some tips to help safeguard your information.
2023 Outlook Webinar
January 26, 2023 – Chief Economist, Jeanette Garretty, hosts Chief Investment Officer, Stuart Katz, and Head of Wealth Planning, Mallon FitzPatrick as they share their 2023 outlook. Disclosures Investment advisory services offered through Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), an SEC-registered investment advisor. Registration does not imply any specific level of skill or training […]