CHGX News and Press, Change Finance U.S. Large Cap Fossil Fuel Free From 12/22/20

What does being optimistic mean from an investment perspective? It means we are cautiously optimistic about the general economic and market environments. We think 2021 will be a "risk-on" year, especially in the second half, as the full impacts of both COVID-19 vaccinations and fiscal...

The "recovery" trade is a hot topic of conversation, and so far the trends appear to support that storyline. But it's important to watch out for blind spots and biases. Recently, we sat down to discuss what we're seeing in the markets and the questions that could surprise us in 20...

S&P Dow Jones Indices' recent report on buyback activity for the third quarter shows buyback activity increasing to $101.79 billion from $88.66 billion in the second quarter. With the economy mostly reopening, at least through Q3 2020, companies reported an improvement in 'as repo...

In 2019, we wrote about how corporate share repurchases, or "stock buybacks," had accounted for nearly all buying in the market. A year later, that significant support for asset prices has reversed. Notably, while investors are willing to "pay more for less" in earnings, revenue g...

Last week, we discussed the market approaching the 3,750 year-end price target we had established back in August. With the markets currently "knocking on the door," we will likely reach that target by year-end. Such is particularly the case with the seasonal "Santa Claus" rally ju...

Federal Reserve Assets surged $120 billion last week to a record $7.363 trillion. Fed Assets inflated $3.593 trillion, or 95%, over the past 66 weeks. Overheated markets have become wholly enchanted by this frightening monetary inflation. Whether it's the U.S., China or elsewhere,...

One of the responsibilities of a prudent investment manager is to avoid as many meaningful surprises as possible. A meaningful surprise is one that prevents the accomplishment of a strategic goal. Also, some surprises won't be anticipated, but will be helped by a quick reaction coming...

Recently, President-Elect Joe Biden named Janet Yellen to be his administration's Treasury Secretary. Yellen quickly proclaimed the reason "I became an economist was because I was concerned about the toll of unemployment on people, families, and communities." Such provides excellent c...

As we say good riddance to 2020, we enter 2021 with a confidence that new market and business cycles have arisen. We believe the economy, out of the depths of the COVID-induced recession, has entered what will be a protracted recovery, complete with the inevitable fits and starts, as ...

Over the past couple of weeks, we have talked about a short-term correction potential due to selling pressure from annual mutual fund distributions. We saw that taking place this past week with the market struggling to maintain its breakout levels. With the heavily skewed "put-cal...