Robertson Stephens Weekly Commentary – January 26, 2026

Congress moves unexpectedly back into the economic picture, as talk of a partial government shutdown on Friday has re-emerged with power and possibility. If investors thought that the only news hitting them this week would be just another boring Federal Reserve meeting, the fight over Department of Homeland Security funding should spice things up nicely. Markets were choppy last week as policy headlines drove shifts in risk sentiment. Tariff-related developments sparked early-week volatility, though conditions stabilized as concerns eased. The S&P 500 finished the week in negative territory for the second consecutive week, where leadership continued to rotate beneath the surface. On the wealth planning front, we review top financial planning priorities for 2026.