Article Category: Corrections

What’s This? The Start of a Correction?

Sigma Point Capital Logo

It’s been a rough start to the week (or an exciting start, depending on your perspective) as a result of reescalating trade tensions between the U.S. and China. On Sunday, President Trump stated that tariffs on $200 billion worth of Chinese imports would increase from 10% to 25%, and that another $325 billion in goods could fall under the 25% tariff “shortly.”


Read more  

Posted in: China Corrections Economy PMI Data Trade

Short Xmas Note

Sigma Point Capital Logo

Amidst the carnage in the markets I hope you all are enjoying a wonderful holiday season. Today's note will be a bit shorter than normal as I write from beneath the Giant Sequoia trees in Yosemite National Park.

We know there are a variety of uncertainty-inducing events hanging over the market, and that, combined with thinly traded holiday markets, has made for a rather unnerving end to the year. But things are not as bad as they may seem.


Read more  

Posted in: Corrections Dividends Earnings Interest Rates

What’s Your Take?

Sigma Point Capital Logo

This week I thought we’d mix it up a bit. Instead of me pouring over the data and giving you my opinion, I thought I’d provide you with a large subset of the data and get your take. Of course, don’t feel obligated to reply, as this exercise should (at least in theory) simply reinforce the perspective I shared last week.


Read more  

Posted in: Corrections Economy Inflation Recessions

It’s Retest Day

Sigma Point Capital Logo

I’ve been sitting here parsing through all kinds of economic data trying to make the case for a bear market, and I’ll be honest – it’s tough. There just aren’t many data points that portend a rolling over of the business cycle, or primary trend.

There are of course a few, such as the declines in housing starts and building permits (shown below), but other than that, most leading indicators remain in firm uptrends (the S&P 500 being the notable exception).


Read more  

Posted in: Corrections Economy Momentum Primary Trend Stocks

Back to top