ACCESS YOUR ACCOUNT

James St. Aubin shares insights with MarketWatch as investors navigate a week filled with potential risk

MarketWatch

With the S&P 500’s cyclically adjusted P/E ratio approaching levels last seen near the 2021 market peak, St. Aubin warns: “Any time you have high valuations, you should be on guard for surprises. The biggest risk is that all of this optimism is already priced into markets.”

As we head into the busiest week of earnings season—with 163 S&P 500 companies reporting—St. Aubin notes that companies don’t need to report poor numbers to see negative reactions: “The numbers don’t have to be bad, they just have to be worse than what had been priced in.”

Read the full MarketWatch article:

    The thoughts and opinions expressed in the article are solely those of the person speaking as of 07/27/2025, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this article is made on a general basis and is not to be relied upon by the reader as advice. The reader must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this article, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.

    0169-SI00XLAP 08042025

    You are now leaving Sierra Investment Management and entering the Charles Schwab client portal.

    You are now leaving the Sierra Investment Management, LLC website and entering the Sierra Mutual Funds website.

    The Sierra Mutual Funds are managed by Ocean Park Asset Management, LLC, an affiliate of Sierra Investment Management, LLC.