CHGX News and Press, Change Finance U.S. Large Cap Fossil Fuel Free From 08/30/21

Equities wobbled a bit midway through August, but they have since regained their mojo, all but confirming that the bull market in equities remains strong and unchallenged. A reduction in the pace of QE is coming, in both the US and Europe. Indeed, the pace of asset purchases already h...

Stability breeds instability. This steady climb foreshadows a fragility shock. Our caution signs are on yellow. We warned that the summer would be like a rollercoaster, and it has been for most stocks. Is the “back to work” trade coming back to life? We think it may ...

If the unemployment rate is too high for the Fed’s mandate, ending QE might be more effective at solving that problem than continuing it, but I doubt stocks would like it - and that seems to matter to the Fed today. The economy is a multi-faceted, global beast which is controll...

Strategas Investment Strategist Ryan Grabinski dives deep into recent updates to the Baird Market Gauge ("Sentiment" moved to Favorable from Unfavorable) and hints at a few areas to watch over the coming months. The S&P is trading at about 22x forward earnings, which is elevated. ...

A softening of sentiment indicators comes as rates already sit close to the bottom of their recent range. Positioning might push them lower still, but EUR rates, in particular, are already consistent with more central bank support next year. The belly of the US curve trades cheap,...

Factors driving inflation higher in the last few months eased in July. Orlando: It takes a long time for the supply, demand mismatch to even out. Orlando: Economic recovery the most important factor for overall inflation. For further details see: Has The U.S. Inflation W...

The 10-year Treasury yield declined a bit during the Afghanistan crisis, so all eyes are now on the Fed to see how new realities will impact monetary policy. The Fed released its latest FOMC minutes, which revealed a disagreement within the FOMC about when QE tapering will begin. On T...

Weak PMIs mean expectations of strong taper warnings at Jackson Hole are being pared back. This could be a mistake, but pessimism means even a hawkish Fed would be greeted with a modest market reaction. In the meantime, supply skews rates moderately higher this week. For fur...

The media wants you to believe that the tapering of Quantitative Easing is a big deal with a potential bad outcome (“if it bleeds, it leads”). The exact opposite is the case. Covid Delta as a weapon of mass economic destruction - another media obsession. Is this round tw...

Falling growth does not mean the economy is contracting. It merely means that the rate of increase is slowing. How much it slows is something we can't know yet, but it is exactly what we've been expecting for months as we watched bond yields drop. One reason I think the current enviro...