Sigma Signals

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The summer doldrums are upon us and while equity markets staged a rebound last week, it would appear that no near term catalyst exists for anything sustained, in either direction. Second quarter earnings reporting season also began last week with banks reporting mixed results. The inflation “toddler” is being closed watched by disciplinarian “Father” Fed and aggressive interest rate increases appear likely to quell the price hike “tantrums.”

Bob Bilkie, CFA

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