Our ETFs

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How to Buy Stocks Before Top Money Managers Do.

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Woke Companies

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Woke is not diversity. Diversity in advertising is fine. The problem is when companies put politics, DEI, ESG, etc. over profits.....

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Woke’ advertising works: global study shows diversity sells-Marketing Beat

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Companies Are Getting Back To Business And Backing Away From DEI-Todayville

Classic American companies like John Deere, Harley Davidson and Tractor Supply Co. are finally reevaluating Diversity, Equity, and Inclusion (DEI) initiatives. They are realizing that their consumers, many from rural, midwestern and working-class communities, don’t care for the DEI practices of corporate elites. They just want good service, reliable tractors and badass motorcycles.

Jamie Dimon may not see it, but JPMorgan has a glaring ‘woke’ blind spot-NY Post

In fact, JPM is a so-called “platinum partner” of HRC, according to the group’s website, suggesting some sort of corporate relationship with an organization that is avowedly political and progressive.

Stock does look like a short here....

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DEI

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How about just hiring the best people regardless of race, sex, sexual orientation, etc?

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Companies must find new ways to diversify workforce amid DEI rollbacks, says Uncle Nearest CEO-MSN

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Matt Walsh Destroys The DEI Industry-Daily Wire

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ESG

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McRae: The beginning of the end of ESG-Desoto County News

What I take from that is that customers are simply demanding that businesses stick to business, rather than politics. It’s an obvious choice when one considers a few simple facts. Only about half of Americans have enough money to retire. Combine that with the fact that retirement costs more under the Biden-Harris economic policies, and one will realize that Americans simply don’t have the luxury of risking their retirement to prop up Wall Street’s woke agenda – and they’re speaking out about it with their wallets.

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SEC, Ignoring Anti-ESG Backlash, Pushes Backdoor Attack on Oil and Gas Industries-NY Sun

Agency’s goal is to help force the clean energy transition by stigmatizing carbon-emitting industries and redirecting capital flows away from fossil fuel producers.

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Banks Urged to Stop Financing Industrial Livestock-ESG Investor

Over 100 civil society organisations globally have called on major US banks to halt their financing of industrial livestock production, pointing to its disastrous climate impact.

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Departures From Climate Action 100+ Highlight U.S.-Europe Divide Over ESG Investing-Inside Climate News

In recent months, several major U.S. financial firms have left Climate Action 100+ in apparent response to political pressure. Abroad, the initiative is anything but losing steam.

Election

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Trump’s Road Map for Taking ‘Woke’ Out of American Education-WSJ

The former president has said he would deploy federal powers to pressure schools and universities that he considers to be too liberal. One strategy that he has described would launch civil-rights investigations of schools that have supported transgender rights and racial diversity programs. Another tactic would use the college accreditation system, which sets standards for schools, to scale back diversity goals.

Market

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This week we have the FOMC and the BOJ. Hard to think that part of last week's rally was on expectations of something from the Fed, perhaps 50 bps, or perhaps dovish guidance. We will see. Couldn't hurt to be hedged ahead of that in some way, shape, or form. The BOJ also has the potential to be market moving. The Yen carry trade is still going strong, albeit at smaller levels than July. Expectations are no hike this meeting with guidance about future hikes.

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Next BoJ Meeting Could Be More Important Than the Fed’s for the Stock Market’s Next Move-Barron's

The unwinding of the yen carry trade that was blamed for August’s short-lived market turbulence might not be finished yet. That makes the Bank of Japan, not the Federal Reserve, the most important central bank meeting next week.

One theme that really played out last week was nuclear power. We continue to talk about the potential in AI power generation, and how nuclear will have to be part of the mix. I believe I also saw a story about Putin restricting uranium exports last week that could have contributed to this move. NNE and SMR are the two names I have been in.

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I will continue to look for more names in this area, but remember this is likely to be a bumpy ride. CEG and SO are two other potential beneficiaries.

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Meanwhile, I just saw this. Know nothing about geothermal but will keep an eye out...

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Geothermal energy could outperform nuclear power-The Economist

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Last week continued to show that you need to be buying dips in AI names. Problem going forward is which ones? A reader correctly pointed out a couple of weeks ago that while the internet was also a game changer, a rising tide doesn't lift all boats. There will be companies that execute and those that don't. I will again mention Larry Connors AI Traders report for those of you who are serious about trading AI names.

https://store.tradingmarkets.com/pages/ai-wealth-creation-trading-report

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Comments out of ORCL last week are telling....

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“If your horizon is over next five years, maybe even the next ten years I wouldn’t worry about it…This business is just growing larger and larger and larger. There is no slowdown or shift coming.”

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Crap asset class, lots or risk not a lot of reward.....

Junk Bonds Tend to Struggle in September. This Year Looks Different.-Barron's

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