Sigma Signals

Week of January 13, 2025

A New York Times article from January 9th reads with the headline; Iran Was ‘Defeated Very Badly’ in Syria, a Top General Admits. The article states that General Esbati revealed in a speech in Tehran, “I don’t consider losing Syria something to be proud of…We were defeated… we took a very big blow and it’s been very difficult.” This message furthers our belief that Iran has been severely weakened by the demise of its various proxies in the Middle East. There are no changes to our Signals. 

Michael Mullenax, CFP® and Bob Bilkie, CFA