Market Note: Judgment Day for Software?
February 20, 2026 – After almost a year of AI euphoria, the stock market recently plunged into AI blues. Once seen as a great boost to all things technology, overnight AI turned into an imminent threat to software companies whose products are now seen as ripe for disruption. While fears around the fate of software […]
Q4 2025 Commentary
As we wrapped up 2025, markets delivered another strong quarter and capped off a year of solid returns. At the same time, the fourth quarter offered a useful reminder that headline performance rarely tells the whole story. Under the surface, leadership narrowed, volatility came in shorter bursts, and fundamentals, rather than narratives, mattered most. U.S. […]
Five Charts for the Week That Was: February 6, 2026
Chief Economist Jeanette Garretty provides 5 economic charts covering topics including China, trade, manufacturing, and employment.
January 2026 Monthly Markets Update
Executive Summary The S&P 500 Index gained +1.5% in January, setting a new high as it traded above 7,000 for the first time. The month was also marked by sharp sector rotation; value outpaced growth across market caps. Large Cap Growth declined -1.5% as tech stocks traded lower, while Large Cap Value rose +4.6%. The […]
Robertson Stephens Ends 2025 with $8.7 Billion in Assets
SAN FRANCISCO, February 4, 2026—Robertson Stephens Wealth Management, LLC (“Robertson Stephens”), today announced that it ended 2025 with $8.7 billion in advisory assets under management, marking 23% growth over the preceding 12 months. Last year, Robertson Stephens completed two acquisitions, adding or increasing presences in the New York area and Rhode Island. “This was a […]
January 2026 Recap
Economic Commentary January 2026 economic data implied a solid growth outlook despite some noise. The widening trade deficit knocked Q4 GDP estimates down from 5% to around 4%, and perhaps even the high threes, but that is still strong growth, especially given the distortions from the government shutdown. We note that jobless claims have edged […]
Fumbles or Fortunes? The S&P After the Super Bowl
Seattle Seahawks Super Bowl Date Location Opponent Score Opponent Score Result S&P 500 CY Performance* XL Feb. 5, 2006 Ford Field (Detroit) Pittsburgh 10 21 Loss 15.8% XLVIII Feb. 2, 2014 MetLife Stadium (East Rutherford, N.J.) Denver 43 8 Won 13.7% XLIX Feb. 1, 2015 University of Phoenix Stadium (Glendale, Ariz.) New England 24 28 […]
FOMC Commentary – January 28, 2026
The Federal Reserve Open Market Committee (FOMC) left its target interest rate range unchanged at 3.5% to 3.75%.
Charts for the Week That Was: Special Webinar Edition
Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz provide their charts that helped shape our market outlook.
2026 Economic and Investment Outlook
Chief Economist Jeanette Garretty and Chief Investment Officer Stuart Katz break down 2025 and provide their outlook for 2026.
Quarterly Letter: Navigating a Shifting Global Order
January 13, 2026 – As I reflect on the past year, it’s hard to escape the sense that we are living through geopolitical changes that will take years to fully understand. Power dynamics are shifting not only between hemispheres and continents, but also within them. As the post–Cold War era fades, an emerging world order […]
Why this is a planning year, not a prediction year
Investors are always inundated with forecasts in January – where markets might go, what interest rates might do, or which risks are most likely to dominate the year ahead. While those conversations can be interesting, they’re not always the most productive place to focus; 2025, for instance, upended many confident predictions about both the economy […]