Some of us are labor, some of us are managers, some of us are professionals and some of us are homeless, but all of us are consumers. Any time one segment of society gains a special advantage, all of us pay. The consumer, in a consumer driven economy, is king. Smart managements understand this. Smart … Continued
Week of February 17, 2025 We’ve taken several calls in the past few days from clients concerned about the Trump administration’s myriad policy changes. The concerns focus on the potential for economic instability. Democratic party leaders have suggested a “constitutional crisis” is in the offing. However, this does not jibe with capital markets where broad … Continued
Week of February 10, 2025 In our February 3, 2025 Sigma Signals, we noted that the European Union was taking action to spur economic growth on the continent. On Friday, the Wall Street Journal posted a headline reading “Europe is Looking to Roll Back Climate Accounting Rules” lending further evidence that Europe recognizes the disproportionate damage … Continued
It is probably viewed as good news when you realize that the house you bought 10-15 years ago is now valued at twice what you paid for it. Before you break out the champagne, consider the down side. While the good news is the increase in value, the downside is the significant increase in occupancy … Continued
Week of February 3, 2025 Last Wednesday, the European Union announced new measures to stimulate economic growth, including easing certain climate policies. This move seems to be a response to slowing economic growth, driven at least in part by the cost of climate regulations. If effective, these measures could help reverse Europe’s economic trajectory and … Continued
Can widespread adoption of AI lead to enough productivity gains to make shorter work weeks economically feasible? JP Morgan CEO Jamie Dimon has suggested that future generations of employees could work a day and a half less every week thanks to AI. In America, a 40-hour, 5-day work week is generally considered to be the … Continued
Week of January 27, 2025 From ChatGPT: “When calculating equity investment performance during each presidential term, the inauguration date is typically used. This is because the inauguration marks the official start of the presidential term and the point at which they assume the powers and responsibilities of the office.” We would argue with this “conventional … Continued
The Crisis in Property and Casualty Insurance Premiums Is the insurance industry going to determine where you live and what you drive? Most of us are aware of the acceleration in residential and automobile insurance premiums. Now, the industry seems to be not only seeking to protect their profit margins, through special rates for higher … Continued
Week of January 20, 2025 Commentary The ceasefire agreement between Hamas and Israel is a positive step in the short term, though violations remain a possibility. The past couple of weeks have been relatively stable from a news cycle perspective. By the time this is published, a new president will have been inaugurated. The early … Continued
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 … Continued
This is the title of a January 1, 2025 commentary in The Wall Street Journal, in which the author summarizes the significant cost difference between green energy and fossil fuel generated power. On January 30, 2023, Sigma posted a blog titled “It’s Going to Take a Lot of Green to go Green.” As noted at … Continued
Week of January 6, 2025 “It is possible to have too much of a good thing” is a quote traced back to the Greek storyteller, Aesop. A nearly universal idiom that applies to everyday things; food, water, and, yes, the stock market. Calendar year total returns for the S&P 500 in 2023 and 2024 were … Continued
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