The Woke Street Journal

We studied 235 stocks–and found that ESG metrics don’t just make a portfolio less profitable, but also less likely to achieve its stated ESG aims-Fortune

In fact, we find that the explicit targeting of ESG metrics leads to a portfolio allocation that is economically and environmentally worse than the market allocation. That is consistent with prior research that finds substantial disagreement among ESG ratings agencies due to their chosen ESG metrics, how they measure the metrics, and how they weight across the metrics in forming overall scores. Our results are also consistent with recent research that has shown how the inclusion of uncertainty associated with an ESG metric lowers financial returns.

ESG Popularity Solid Amid Backlash, Survey Says ETF industry survey also finds passive ETF managers miss voting opportunities.-ETF.com

or is it? Is ESG on Its Way to the Graveyard? The investing strategy went from market darling to yesterday’s news seemingly overnight. On this episode of Trillions, we unpack the reasons why.-Bloomberg

Clean-Energy Stocks Have Collapsed. What Comes Next. Stocks related to wind, solar and other forms of renewable energy have fallen by a third this year. Only a handful may be ready to rebound.-Barron’s

Haven’t been a fan of Powell, but this was epic. ‘Close The F*cking Door’: Climate Protesters Storm Event, Disrupt Powell’s Speech-Daily Caller

At least he didn’t do this. Man Allegedly Shoots To Death Two Climate Activists Blocking Highway-Daily Caller

I understand wanting to get the story first, but this is a little f’d up. Netanyahu Slams Hamas-Linked Journos Used by CNN, NYT, Reuters and AP Who Were at Oct. 7 Massacre-NY Post

New 'Orwellian' HHS pronoun mandate forces employees to 'deny reality,' violate law: legal expert New HHS policy permits employees to 'wear clothing,' 'use bathrooms' based on gender identity-Fox News

Anti-woke shopping app PublicSq. sees spike in traffic — from Democrats-NY Post

As big corporations grapple with how to respond to the Israel-Hamas war, firms that have avoided woke stances are seeing an influx of business – and some of their new shoppers are Democrats.

This could be getting even more interesting. Manchin’s Retirement Fuels Talk of a 2024 Presidential Bid-Bloomberg

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