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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

Wealth Planning Commentary – November 3, 2025

Building Financial Resilience During the Jobpocalypse The recent wave of corporate restructuring and white-collar layoffs – particularly in technology and other high-paying sectors – has reignited an important conversation: how

Robertson Stephens Weekly 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

Wealth Planning Commentary – October 27, 2025

NBA Betting Scandal Highlights Tax Treatment of Gambling Income and Losses  The recent NBA gambling scandal, which led to more than 30 arrests, has drawn widespread attention to the broader world

Investment Commentary – October 27, 2025

Executive Summary Investors are gearing up for a pivotal week, as Big Tech earnings and an expected U.S. interest rate cut could set the country’s economic trajectory for the rest of

Economic Commentary – October 27, 2025

It’s back to Trump Time, it’s Trade Time, All The Time. A successful tour of Asia to negotiate favorable trade deals would go a long way toward easing the concerns