Sigma Signals

Week of October 2, 2023

The US House and Senate agreed upon a stopgap measure to keep the federal government funded for the next 1 1/2 months. This eliminated a degree of uncertainty, and with the government shutdown uncertainty removed, some of the downward pressure on equity prices will be relieved. Our Signals remain unchanged, although if we see progress on the federal budget deficit, it could portend an improved posture on our US Fiscal Policy Signal.

Bob Bilkie, CFA