🖥️ LONG TECHNOLOGY EXHIBITIONS = LONG GOOD
Morgan Stanley echoes our thoughts on the relationship between links and technology.
For us, this highlights the interconnection of many markets and how the overall stock market (with its huge weighting in technology / growth stocks) is probably not a big hedge against inflation. From the article:
Maybe now you are beginning to understand why we are “balls on the wall” long commodity-based stocks. We not only have extremes in technology, but extremes in links. And remember, the bond market is about 10 times the stock market. A shift in capital out of bonds and “growth” could be downward.
♻️ GREEN WASHING: THE STORY OF TWO ETFS
We’ve spent quite a bit of digital ink discussing eco-washing here at Capitalist Exploits. In case you didn’t know, eco-friendly washing is the “misinformation disseminated by an organization to present an environmentally responsible public image”.
As Chris pointed out in an article about green washing (which, ironically, was quickly censored by Facebook, even though it contained no factual errors):
Greenwashing extends far beyond false advertising on consumer goods. It has made its way into politics, investment products, journalism and now mainstream opinion in the “West”.
When it comes to investment products, eco-washing has become a huge, trillion-dollar business. Here is an illustrative example we found recently: two ETFs, one ESG branded, the other like … well, just a normal vanilla ETF.
There is no significant difference between the two when it comes to ETF holdings. Except, you’ll be charged three times as much (0.12% vs. 0.04%) for the “privilege” of investing in a “woke” product.
But we are not the only ones who bother us. Bloomberg reports that Europe’s pointed shoes are not too happy with this kind of true investment:
Sustainable investment assets fell to $ 12 trillion in Europe during 2020, from $ 14 trillion in 2018, according to the report. The decline is not the result of a disproportionate enthusiasm of investors for ESG investments, but rather that policymakers have reduced the parameters of what can be considered a responsible investment, said Simon O’Connor, president of the GSIA.
That’s just the EU, though. Elsewhere, greenwashing continues … and money keeps flowing.
☢️ THE CASE OF URANIUM IN AN IMAGE
The fact is that uranium, pound by pound, is simply unbeatable as a source of base charge power. Still, it still has a price as if we never needed it again. It really is an amazing time to live.
📈 REDEFINED INFLATION
Forget everything you know about economics! We now have podium donuts that assure us that people who spend money on goods and services will actually do so lead to a decrease in prices (Yeah sure!).
☕ MARKET ALERT: PROHIBITED FROM FACEBOOK?
Perfect with any drink …
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