Sigma Signals

Week of December 29, 2025

When two premier U.S. news outlets present the same fact with radically different prominence, investors are not merely informed—they are steered. Last week, The Wall Street Journal led its mobile edition with strong third-quarter U.S. GDP growth, while The New York Times relegated the same story far down its feed. This contrast underscores how editorial prioritization, rather than factual disagreement, can shape perceptions of economic reality. Absent disciplined, critical evaluation across multiple sources, investor outcomes may suffer. Our Signals remain unchanged.

Bob Bilkie, CFA.