CHGX News and Press, Change Finance U.S. Large Cap Fossil Fuel Free From 10/17/20

With the release of industrial production figures today, the deceleration in economic activity continues, according to some key indicators noted by the NBER's Business Cycle Dating Committee. Industrial production fell -0.6% m/m vs. Bloomberg consensus of +0.5%. The series was rev...

Despite record monthly job growth this spring and summer, we have recovered only half of the lost jobs lost during the frenetic initial weeks of the pandemic. The jobs recovery is stalling as “temporary” furloughs convert into permanent job losses, hiring slows, new clai...

Initial claims for regular state unemployment insurance totaled 898,000 for the week ending October 10, up 53,000 from the previous week's revised tally of 845,000. Claims are now at a seven-week high, the highest level since August 22. The latest week is also the 30th week of his...

Led by a 2% drop in Hong Kong, Asia-Pacific equities tumbled, with the exception of Australia. The Dow Jones Stoxx 600 is off for a third day, but the nearly 2.2% decline is the largest drop since September 21. US shares are also lower. The dollar is gaining across the board. ...

This seems an opportune time to review the difference between strategy and tactics. The US dollar remains in a short-term downtrend; however, the rate of change has stalled over the last two months. Growth continues to outperform, but the tide may be turning. A weak dollar env...

While most people generally understand that the stock market and the economy do not move in lockstep, there is still an underlying belief that a strong market reflects a strong economy. With the Fed now delivering more stimulus than ever, and promising to keep interest rates at zero f...

The stock market soars on stimulus announcements because, hey, free money - but where’s the money tree? The US is broke and getting broker. There is no political will to address the problem - quite the opposite, in fact. The US stock market is poised for a loss worse than 5...

Despite a 3.80% decline in September, the S&P 500 Index was up a solid 8.93% for the third quarter. This near double-digit return in the third quarter is on the back of the second quarter’s return of 20.54%. Our Fall 2020 Investor Letter contains additional commentary o...

This month, I'm watching five key issues that have the potential to impact global markets. I believe there is still a good chance that a decent-sized fiscal stimulus package may be passed before the election. Mobility in the US and UK has been well below normal, although it has be...

In addition to its grip on our politics, COVID remains highly relevant to our portfolios. Near term, it is likely that the virus and related factors will continue to dictate returns. The economy appears to be gathering steam, and this bolsters business and consumer confidence. In ...