CHGX News and Press, Change Finance U.S. Large Cap Fossil Fuel Free From 12/04/20

Initial claims for regular state unemployment insurance totaled 712,000 for the week ending November 28, down 75,000 from the previous week's revised tally of 787,000. The drop in weekly claims in state programs follows two increases that drove the four-week average to its first incre...

Political Calculations' initial estimate of median household income in October 2020 is $66,066. This is an increase of 0.6% above the initial estimate of $65,630 for September 2020. Significant upward revisions were made to the BEA's aggregate personal wage and salary income data ...

Over the past two weeks, my team has gotten many questions about the impact that a Biden administration could have on various areas of the stock market - and whether we might soon see a new era of value outperformance. We're not ready to declare the start of a value cycle just yet. Bu...

The financial markets are anticipating the end of the pandemic as a result of the successful vaccine trials. Comparisons involving the post-WWII period and the coming post-pandemic period may be useful. The federal budget deficit will exceed $3 trillion yearly in 2020-2021, and de...

To address the breadth of possibilities that lie ahead in this environment, our global outlook for 2021 includes a base case, an upside scenario, and a downside scenario. In our base-case scenario, we expect equities to outperform fixed income as growth moves above trend, the global e...

The prospect of middling economic growth and low rates makes income generation challenging for many investors. A potential rise in inflation may lead to lower real yields, highlighting the greater importance of equities as a way to access portfolio income. High-yield and dividend-...

November saw record-breaking appreciation in value stocks, cyclicals, and small caps, likely due to positive vaccine news, a smooth election, and central bank liquidity hitting the market. Uncertainty around the virus may cause a rotation back into stay-at-home stocks like Zoom. T...

Secretary Mnuchin's move to return ~$580 billion of taxpayer money back to the Treasury may prove to be one of the most important moves of the Administration this year. Will shutdowns get shut down? Implications of Secretary Mnuchin’s $580 billion fund recovery and potential re...

At turning points, the more popular issues are more volatile than most other securities, as the more popular securities have numerous cheerleaders. Investors crowd into these expected opportunities, while sellers temporarily withhold their merchandise to get higher prices. After elect...

Record retail participation in the stock market indicates euphoria. Goldman Sachs stated that U.S. equity markets are valued at 92% across aggregated valuation methods. High debt and unemployment, low economic growth, and rising costs have created a stagflation trap similar to the...