Week of July 29, 2024 The money rotating out of the high-flying technology sector “dazzlers” (punctuated by Nvidia) and into “laggards” has precipitated the notion at least that valuations across the Standard &Poor’s 500 stock index are veering towards average. The recent joint actions by the Russian and Chinese militaries to bring planes near US … Continued
Week of July 22, 2024 President Biden removed one electoral uncertainty in withdrawing his nomination as the Democratic candidate for President on Sunday, a foregone conclusion we recently posited. Now the electoral calculus focuses on his replacement – Harris, Newsom, Whitmer, or “player to be named later?” This will have enormous and obvious implications for … Continued
Several weeks ago, a reported 51 million people saw the “great debate”. The media reaction ranged from OMG to, “where’s the problem?”. This range of media response would seem to confirm our view that investors should seek a diverse exposure to information, as articulated in our blog, “The Importance of Maintaining Diverse Media Exposure“, posted … Continued
Week of July 15, 2024 History was made last Friday in Northville, Michigan when President Biden stopped in at a restaurant a few doors down from our offices for a campaign event. Then, one day later – the shot heard around the world! An assassination attempt on Trump’s life. Was this inevitable? That’s hard to … Continued
For investors, the time horizon is a crucial element in formulating a portfolio strategy. It is important to understand the difference between near term cash requirements and longer-term investments that, for many, are directed toward providing for a comfortable retirement. On the other hand, the political class is focused on the next election cycle, which, in … Continued
Week of July 8, 2024 The intrigue in DC continues. Enjoy the summer weather, barbecues, and bright sunshine! Tune in next week. Our Sigma Signals remain unchanged. Bob Bilkie, CFA
Many investors and individuals tend to focus on financial and general news that confirms their existing world view. In order to make informed decisions, it is important to understand both sides of an argument. After all, if you were a juror in a trial, would you make a decision after hearing only one side, i.e., the prosecution … Continued
Week of July 1, 2024 The Standard & Poor’s 500 stock Index ended the week near all-time highs while at the same time, President Biden stumbled through the first debate with President Trump. His subsequent “family meeting” on Sunday to determine whether he would withdraw from the Presidential race potentially represents a dramatic change in … Continued
Now that the well-publicized Tesla proxy battle has concluded with a ringing shareholder endorsement of Mr. Musk’s compensation package, it might be a good time to look at the proxy process. If you’re a shareholder, proxy voting is your opportunity to have a voice in management decisions. Here at Sigma, we continue to take proxy voting … Continued
Week of June 17, 2024 There are many parallels to fathering and investing. Both require patience, persistence, discipline and periodic course corrections (when desired outcomes are not achieved). Happy Father’s Day to all fathers. Our Signals remain unchanged. Bob Bilkie, CFA
In many parts of the world, the birthrate has consistently exceeded the local economy’s ability to absorb the population increase. This typically results in lower standards of living and the potential for attempts at military solutions. In some other parts of the world, the birthrate has been too low to sustain the regional economy and can, … Continued
Week of June 10, 2024 The meme stock chicanery of the Covid years appears to be back in full swing again with GameStop and “Roaring Kitty” in the news. Recent articles in the financial press speak to the action by the message board mongrels as fun and exciting. Investing and protecting wealth is a serious … Continued
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