ESG

Disagree. Investors want returns. Despite Anti-ESG Attacks, New Study Shows Investors See Climate as Critical to Business Performance-Harvard Business Review

But many of these organizations overlooked a key question: What do investors want?

Do investors care whether financial services firms take climate-related actions such as reducing their climate impact, mitigating their climate risks, or investing in clean energy opportunities? Does clean energy represent a significant growth opportunity for asset managers? Are climate risks material to evaluating investments?

The answer to each of these questions is a resounding yes.

Politics

Agree with this sentiment. At the end of the day voters are going to care about policies. Will Donald Trump Blow Another Election? As Kamala Harris rises in the polls, the former President doesn’t know how to respond.-WSJ

The economic and security fundamentals are teed up for a Republican victory. Voters and especially the working class are unhappy with the economy, as average real incomes have declined across the Biden Presidency. The chaos at the border has spread to cities around the country.

The Administration’s insistence on imposing progressive cultural policies by diktat has produced resentment and a strong counter-reaction. Wars are raging in Europe and the Middle East, and China menaces in the Western Pacific. All of this has voters unhappy about the state of the country and looking for change.

I thought this was a bad ass move by Vance.

Seeing contrasting news about this. They are going to push it, not sure how much it plays though. ‘I Did It … He Dropped Out’: Vance Blasts Walz For Ducking Combat In Iraq-Daily Wire

Woke Companies

Market

Kind of thought I would wake up to a sea of red this morning after yesterday’s close. So far so good as markets are only slightly down. Yesterday I was somewhat spooked by the BOJ comments regarding wanting to raise rates, but holding off because of the market being shaky. That didn’t seem like something markets should be rallying on, and the rally fizzled. Central Banks Get Sand Kicked in Their Face Again Markets are pretty good at bullying monetary authorities, and now the BOJ has fallen into a pattern that started after Paul Volcker.-Bloomberg

Intense pressure came upon the BOJ to relent and allow the yen to weaken again. Deputy Governor Shinichi Uchida, speaking at a conference Wednesday, said almost exactly what the markets wanted to hear.

Initial jobless claims are today and could be somewhat important.

One issue that could eventually come to a head is market expectations of what the Fed is going to do vs. what they are actually going to do. The market is currently pricing in 45bps in September and 111bps for the year. That works if the Fed decides to do 50 in September, which is far from certain. CPI is next week and Jackson Hole is in 2 weeks, should get some more clarity from those events.

This is bullish. Retail investors haven’t been this pessimistic in nine months, AAII survey finds-MarketWatch

This is not bullish. Nvidia’s stock offers ‘tremendous opportunity’ after selloff, this analyst says-MarketWatch

A couple of important levels—-$100 and 10 day moving average ($107.78). The lows it’s made this week could be important as well, to the upside and the downside.

If you are a bull then a red to green move today would be a great counter to what we saw yesterday.

Everything Else

Is Iran rethinking an attack on Israel?

What’s going on in the UK? Anti-Racism Protesters Give UK Respite After Days of Riots-Bloomberg

Police had 6,000 specialist officers ready to guard areas around immigration-related facilities, after online agitators posted messages urging supporters to converge on them. The unrest was initially triggered last week by the fatal stabbings of three young girls and false rumors that the attacker was Muslim asylum-seeker, before morphing into anti-immigration and racist disorder.

Brits Warned Merely 'Retweeting' Information About Riots Could Be A Criminal Offense-Zero Hedge

Bold move for an ESPN employee. ‘Ridiculous’: ESPN Sportscaster Makes It Clear He Thinks Men Do Not ‘Belong In Women’s Sports’-Daily Wire

The views and opinions expressed herein are those of the Chief Executive Officer and Portfolio Manager for Tuttle Capital Management (TCM) and are subject to change without notice. The data and information provided is derived from sources deemed to be reliable but we cannot guarantee its accuracy. Investing in securities is subject to risk including the possible loss of principal. Trade notifications are for informational purposes only. TCM offers fully transparent ETFs and provides trade information for all actively managed ETFs. TCM's statements are not an endorsement of any company or a recommendation to buy, sell or hold any security. Trade notification files are not provided until full trade execution at the end of a trading day.  The time stamp of the email is the time of file upload and not necessarily the exact time of the trades.

TCM is not a commodity trading advisor and content provided regarding commodity interests is for informational purposes only and should not be construed as a recommendation. Investment recommendations for any securities or product may be made only after a comprehensive suitability review of the investor’s financial situation.


© 2024 Tuttle Capital Management, LLC (TCM). TCM is a SEC-Registered Investment Adviser. All rights reserved.

‍