Sigma Signals

Week of July 3, 2023

Common stock prices surged this past week. Two major areas of focus in our Sigma Signals analytics are geopolitics and US domestic policy. Russia dominated the former and the Supreme Court, the latter. Russia’s less prominent position on the map signifies the country’s diminished presence in hegemonic terms. China has moved from red to yellow, with the implication being that China’s leadership may glean lessons from the failure that is Russia.  The Supreme Court finished its docket with decisions that largely reflected a more conservative ideology. Aside from the Russia/China swap, there were no other changes to our Signals.

Bob Bilkie, CFA