Market

I am going to be on Wolf_Financial spaces Thursday at 2pm to talk about our new 2x Bitcoin ETFs.

https://x.com/WOLF_Financial/status/1809986104394764594

Powell didn’t add much yesterday but a continued dovish tone seemed to stoke risk on. CPI is this morning and PPI is tomorrow, the market doesn’t seem to fear either report.

Once again my short watch list way exceeds my long one. Have to figure we are due for a pullback at some point. As of now would view that as a buying opportunity.

I still think you need to be invested in AI across the spectrum. Wall Street is becoming more skeptical of artificial-intelligence hype helping to power stocks-MarketWatch

ESG

Letter From 1792 Exchange About Corporate Equality Index

ESG is growing within private credit markets-Investment News

ESG — regularly derided as “woke” and anti-capitalist in the US — is finding a foothold away from public scrutiny. Of the $156 billion raised by private credit funds last year, about 16% went into products claiming to target environmental, social and governance goals, according to data provided to Bloomberg by Preqin. That’s a bigger share than for any year since at least 2014, with figures through June this year indicating the trend is set to continue. 

Tony Robbins Bet $200 Million on a Green-Energy Breakthrough. Proof It Works Remains Elusive.-WSJ

DEI

DEI Is Not DOA — At Least Not Yet-Hollywood Reporter

Philanthropic work so far has remained largely unscathed by the DEI battles, but that may soon change. In June, the 11th Circuit Court of Appeals issued a judgment that could — if it sticks — upend how organizations administer grants and how they decide who should get them. The suit — brought by Edward Blum, the same activist behind the Supreme Court college admissions case — maintained that an Atlanta-based venture capital firm called Fearless Fund was acting in a discriminatory manner by using its nonprofit arm to administer a grant program that specifically helps Black female business owners. That sort of race-based philanthropic activity, Blum argued, was unconstitutional. The 11th Circuit agreed.

House Republican launches caucus to combat DEI in education-Washington Examiner

Owens, chairman of the House Education and Workforce Subcommittee on Higher Education and Workforce Development, announced the “Merit Caucus” on Wednesday morning, the Washington Examiner learned exclusively, saying the Left has a “war on meritocracy” and is “lowering standards for students and teachers, discouraging achievement in the classroom, and eliminating academic excellence, all in the name of equity.”

Woke

Parents need charter schools that offer non-woke options-Fox News

What? Expecting people to be on time is part of ‘white supremacy culture,’ Duke Medical School claims-NY Post

Duke Medical School claims it is “white supremacy culture” to expect people of color to be on time in a strategic plan for creating an “anti-racist workforce.”

They haven’t found out about The Woke Street Journal yet.

Election

Uh Oh.

'Biden' Tells Voters To "Google Project 2025"; Voters Have Their Own Search Suggestions-Zero Hedge

It was meant to be a scary warning about Trump literally being Hitler… or something, but because this is Biden’s “team”, it spectacularly backfired.

Everything Else

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