don't know, maybe Martin has a point, but ... well, I do not know enough to comment
so just passing on
ask-socrates.com
US Share Market Overview NASDAQ-DOW-S&P
Some people get all impressed by rallies and confuse long-term with short-term. Rallies of even 40% do not mean reversals in trend. The Dow did that following the Crash of 1929. Of course, you can trade them short-term. That is what Socrates does per market, and each is different in its own way.
The Dow is international capital, the S&P500 is the more domestic institutional focus, and the NASDAQ is more the retail. Each has performed differently in their own way with the DOW holding back warning that international capital is still in its contraction mode.
Nevertheless, there are some very serious movements taking place behind the curtain in an all-out war against funds management to dump all stocks that the Climate Change Activists do not approve of. There remains the possibility of one more new low because of this pressure to dump companies. But once again, it does NOT appear to be profound and the March 23rd low could hold if just retested. But the market must still base and so much will ride or the 2020 election. If Trump were to lose, they will wipe out the economy in a way you would never think possible. If Trump holds on against this wave of corruption for the votes to be mailed in without proving who the voter is, then we will see the bull market into 2024 with capital fleeing to the USA because of what they are doing to kill Europe.
Meanwhile, the Climate Change activists are intent on targeting fund managers and trying to undermine the entire global investment scheme. BlackRock, the world’s largest asset manager, has come under attack from the Climate Change activists who seem to buy in to have a voice trying to alter the portfolio to achieve their objectives which have NOTHING to do with making money. BlackRock has endured years of pressure and protests from the left. Just before the 2020 Crash, BlackRock announced in January that it would embrace a climate change and social justice agenda — and then the COVID-19 pandemic hit. This is seriously wrong - but here we have the Climate Change activists who are not satisfied with destroying the world economy, they are pushing funds to now dump all stocks they do not approve of to kill the global economy once and for all to create their Green New Deal World Order.
Now BlackRock is caving in and has just at its annual shareholder meeting that it will comply with this Climate Change crisis demanded by activists that the firm walk the talk. Conservatives who are looking for performance rather than politics are condemning the emphasis on politics over profits. Why invest to lose money in green stocks which has been the case.
The activists are trying to end fund management and impose their will upon fund managers to be "politically correct" rather than invest in funds that meet their criteria. This is what I mean about the LEFT — they are always trying to force the world to comply with their demands. If you want to invest in green there are green funds. But the LEFT does not believe in human rights, freedom, or any democratic process. It is their way or all-out war.
The Climate Change activists cry hypocrisy over BlackRock’s enormous holdings in China, the world’s biggest greenhouse gas emitter. These people are trying to cut off China in a way using private sanctions like the government did against Russia. They are more likely to create war than achieve their goals.
BlackRock is surrendering to the Climate Change Activists and will now push for ESG initiatives on American companies at the very time when they have already organized the collapse of the world economy. These left-wing ESG initiatives are intended to wipe out even more companies by sheer economic force. With the rising turmoil over this insane virus, the Climate Change Activists have kept the fingers pointing to China to undermine their economy because they see them as the largest producer of their hated CO2.
Climate Change Activists are targeting BlackRock because they were recently designated to be a bond-purchasing administrator of the CARES Act. So in other words, the LEFT is now targeting BlackRock to ensure that any stimulus is structured only to their design as they have been doing at the political level in Europe.
The bottom-line here is to follow each separate index because they will ALL perform differently right now because we have a SERIOUS activist agenda being played out behind the curtain. This is why the agenda as applied to each index MUST be looked at separately. Just subscribe to the report you prefer for the performance will be different per index (see Pro version). |
