We are making some changes to our newsletters, The Woke Street Journal is going to move to weekly (Monday) and we will continue to publish our daily market insights in The H.E.A.T. Formula newsletter daily.

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I had the honor of doing a podcast with Ari Gutman last week. I talk about the H.E.A.T. Formula and a bunch of other things.....

Open Your Eyes If You Are Trying To Get Wealthy With Dividends

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ESG

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NY Life is shutting down the IQ Engender Equality ETF (EQUL). The ETF tracks an index of large cap US stocks with the highest gender diversity scores. Since inception it has woefully trailed the S&P 500. I am a huge believer in shattering the glass ceiling, but when you try to pick stocks using anything other than a profit motive this is what you risk happening.

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Interesting. I am obviously a big believer that companies should stay out of politics (ESGX). Is there any edges from the political donations of employees? Perhaps a research project at some point.

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More ESG stupidity. You mean you wouldn't buy the Magnificent 7 if they didn't meet the ESG metrics? Figure all that brain power at Harvard and this is what they waste their time on........

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The Magnificent 7: A Sustainability Perspective-Harvard

The Magnificent 7 perform very well across overall ESG performance, carbon risk, emissions, and temperature scenario alignment as well as adequately on water risk. Nonetheless, they notably lag in alignment with the U.N. Sustainable Development Goals.

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The "dumb" money realizes that profits matter over everything else, while the "smart" money is still using ESG metrics to invest.....

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Institutional Investors Embracing ESG-ESG

Meanwhile, the findings show a separation between institutional investors and smaller retail-class investors when it comes to ESG.

A separate Morningstar report showed that U.S. investors continue to pull money out of ESG mutual funds and ETFs, including $4.7 billion worth of net outflows during the second quarter.

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Further evidence of how f'd up all the big sector ETFs are. Fine for short term trading because they have liquid options, but longer term you are better off constructing your own basket and weightings......

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What does ESG have to do with accounting?

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It's Time for Business Schools to Add ESG to Accounting Training-Bloomberg

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Crime

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How could they not? GUNZ

Doocy Asks KJP Point-Blank If 13,000 Illegal Migrants With Prior ‘Murder’ Convictions Roaming US Poses ‘Danger’-Daily Caller

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Everything Else

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Isn't that her job?

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WATCH: Commerce Secretary Gina Raimondo Says She’s ‘Not Very Focused’ On Dock Worker Strike-Daily Wire

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