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Robertson Stephens Weekly Commentary – November 10, 2025

There are a lot of under-appreciated economic impacts from the US federal government shutdown. For example, the suspension of SNAP payments not only catastrophically affects poor families and seniors but

Earnings Strength Anchors a Volatile Market

Executive Summary  The stock market has stayed resilient with sporadic pullbacks and shots of volatility. We expect this choppiness to continue into year-end. The real story remains the same: The

From SNAP to Skies: The Real Economy Feels the Shutdown

There are a lot of under-appreciated economic impacts from the US federal government shutdown. For example, the suspension of SNAP payments not only catastrophically affects poor families and seniors but

Economic Commentary – November 3, 2025

In the aftermath of the Federal Open Market Committee (FOMC) meeting last week, economic numbers available from non-federal government sources will be increasingly scrutinized for confirmation of continued U.S. economic

Investment Commentary – November 3, 2025

Executive Summary Last week, large-capitalization S&P 500 stocks advanced 0.7%, but small stocks lagged.  The three material items for the week included broadly positive big tech earnings, the Fed meeting