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Make Up Your Mind

Sigma Investment Counselors

September 9, 2010

The equity markets were quite weak in August, but the first week of September has brought strength. Investors are looking for clues, trying to assemble a series of statistics that might indicate the course of economic growth, and hence corporate profits which, over the long term, drive equity prices. Election season rhetoric will begin to dominate the headlines (President Obama fired the first salvo in Cleveland yesterday) and this “noise” will only serve to further buffet financial asset prices for the next several weeks, we think. So, be prepared for cross-currents and a continuation of the see-saw pattern. We believe that the next major move in equity prices is higher and anticipate articulating our thesis on this score in our upcoming Sigma Summaries newsletter.

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