CHGX News and Press, Change Finance U.S. Large Cap Fossil Fuel Free From 01/02/21

The US can learn from Venezuela’s mistakes that made a rich country poor while artificially inflating its stock market. Japan is leading the way into uncharted economic waters, poking the bear. The US should not follow too closely. China is nipping at US heels on a path to ...

The five innovation platforms that we believe will transform the global economy are: DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technology. In our view, any company not investing aggressively in one or more of five major innovation platforms and ...

There are certainly many similarities between today and 1999. From exceedingly high valuations to a rush by private equity investors to IPO overly priced companies as quickly as possible, prices are high. The repeated rounds of liquidity, interventions, and accommodative policies have...

New jobless claims declined this week, but are still significantly above their recent pandemic lows, while continuing claims, seasonally adjusted, made a new pandemic low. The downward trend in claims has clearly ended for now, although whether the current trend is sideways or upward ...

The S&P 500 slipped 0.2% (up 14.6% y-t-d), while the Dow was little changed (up 5.8%). Three-month Treasury bill rates ended the week at 0.08%. For the week, the U.S. dollar index increased 0.2% to 90.223 (down 6.5% y-t-d). For further details see: Weekly Commentary:...

This bull market has been led by growth stocks, which is what we would expect from a strong dollar environment. The surge in growth stocks relative to value during the virus has been extreme. Like other domestic assets, US real estate has outperformed international. However, like EM s...

Income becomes the latest metric, after restaurant reservations and jobless claims, to show a reversal. Real personal income declined -1.3% in November, the first decline since April. Real personal spending also declined -0.4% and is now down -2.7% from its February peak, while in...

The free pandemic money has been dropping for months, and in November nearly faded out. For the first time since April, consumers spent less all around; they spent less on services, nondurable goods, and even on durable goods, which had been spiking in astounding manner. As free pande...

The pandemic continues to destroy areas of economic activity, resulting in substantial risks for a number of financial assets. Broad disinflationary effects are likely to persist until economies return to full mobility. However, several longer-term investment opportunities are beginni...

While most hope more stimulus will cure the economy's ills, the "2nd derivative effect" will be problematic. Of course, since vast portions of the stimulus package went to everything but "helping out the average American," such ensures the impact will be far less. During Q4-2020, not ...