Risk-On Rally as the Fed Fine-Tunes Policy and Market Leadership Broadens
Executive Summary Last week, markets leaned risk-on as the Fed delivered its third consecutive rate cut and investors doubled down on the soft-landing narrative. Stocks wavered early but rallied after2025’s Unexpected Strength, 2026’s Unanswered Questions
As the year draws to a close, where do we find ourselves? Most likely, not where many of us thought we would be. Economic growth of 2.7-3%, inflation of 2.7-3%, a risingRobertson Stephens Weekly Commentary – December 8, 2025
Lessened concern about consumer spending weakness in December, and optimism about end-of-year economic growth, risks overlooking the intense focus of American business on 2026 profitability. Adjustments to the global trade
Could an Unknown Relative Ruin Your Estate Plan?
DNA services such as 23andMe have made it far more common for biological children – sometimes entirely unknown to the family – to surface after a parent’s death and assertMarkets Rally Through Data Fog as Fed Expectations Drive Sentiment
Executive Summary Markets extended their rally in October, rising for a seventh straight month despite intra-month volatility and uncertainty around a December rate cut. The government shutdown has ended, butEconomic Momentum Builds as Companies Shift Focus to 2026
Lessened concern about consumer spending weakness in December, and optimism about end-of-year economic growth, risks overlooking the intense focus of American business on 2026 profitability. Adjustments to the global tradeRobertson Stephens Weekly Commentary – December 1, 2025
Economists have long cautioned against using consumer sentiment surveys to forecast consumer spending. Statistically, income growth is the overwhelming determinant of consumer expenditures, with a lesser, but significant, contributory roleConsumer Sentiment vs. Spending: A Holiday Season Disconnect
Economists have long cautioned against using consumer sentiment surveys to forecast consumer spending. Statistically, income growth is the overwhelming determinant of consumer expenditures, with a lesser, but significant, contributory roleMarkets Rebound as Fed Signals December Rate Cut
Executive Summary Last week, the equity market staged a broad rebound, recovering a portion of November’s losses. The rally was sparked by commentary from the Federal Reserve suggesting a December