Robertson Stephens Weekly Commentary – January 6, 2025

Happy New Year. More so than most times, this “New” seems very new.  Over the last 25 years, there have been only five two-year periods in which the US Congress and the White House have been controlled by the same political party; the current two-year period (2025-2027) is the first since 2017-2019. Following a five-day selloff, Wall Street ended its longest equities losing streak since April. The Nasdaq 100 rebounded sharply on Friday, gaining 1.7%, while the S&P 500 rose 1.3%. These gains partially offset the week’s selloff, which had been fueled by a December downturn extending into the first trading day of the new year. On the wealth planning front, we provide a Corporate Transparency Act update and a reminders on cryptocurrencies.