CHGX News and Press, Change Finance U.S. Large Cap Fossil Fuel Free From 01/13/21

The employment data released last week reveal a decline in economic activity. New claims for unemployment insurance remain high at 787,000. More than 10.7 million people remain unemployed; the unemployment rate held steady at 6.7%. The CES employment numbers for December reveal a cont...

With 2021 already off to a good start, with the market up almost 2% in January, such is an excellent time to review our "investor resolutions." Considering that trying to predict the markets more than just a few days in advance is mostly an exercise in "folly," it is nonetheless a tra...

Shocking and appalling as the events of the past week were, investment based on fear or bias generated by them is also ill-advised. The market doesn’t care. What it does care about is the generous amount of rocket fuel in the tank of the economy from the recent injections of st...

The Democrats gained a slim majority in the Senate, paving the way for greater public spending and reinforcing our macro outlook. A more infectious virus strain could delay the activity restart but we see the cumulative economic loss as a fraction of that seen after the 2008 crisis. ...

At the end of 2019, before anyone outside Wuhan had heard of the new coronavirus, the leading indicators we track pointed to a 60% probability of the US economy entering recession during the first half of 2020 and an 80% probability of the US economy entering recession before the end of 2...

At the start of the new year, there is an almost irresistible urge to make predictions. Everybody wants to know what will happen next. Ending the pandemic is key to getting the consumer economy back to the pre-2020 normal. We feel confident that this will happen by the end of 2021. ...

It was a close call, but Santa finally delivered with a strong rally this past week, pushing the markets to all-time highs. Markets quickly dismissed concerns of higher taxes by justifying it with more stimulus and more significant deficits. In other words, "buy everything in sigh...

The S&P 500 Value Investor Index is a long-term fundamental measure of market pricing. When S&P 500 prices correct to the level of this index or below, there is a high correlation with corporate insider buying. The index is useful during significant market corrections as o...

One favorable aspect of the recent equity market performance is the broadening participation of asset classes other than the large-cap FANGMA stocks. Since September 2020, small-cap and mid-cap stocks have experienced a significant reversal in performance and are far outpacing the FAN...

The new Covid outbreak, social restrictions, business closures, and lockdowns render most of the upcoming data mostly irrelevant. Market measures of US inflation expectations have risen, and the Democratic Party securing the Senate (50/50 but the Vice President breaks ties) has booste...