Daily Chart: ESG On the Rocks // (Steven Hayward).

I have written here as well here about the politicization Wall Street through the ESG (“environment social, governance:”) mania. However, it turns out that ESG funds are trailing an already bad market. The most obvious reason this year is: What sector is the best performing in the stock market? Fosil fuel companies. Energy that works. If you are a heavy user of oil, gas, or coal, you’re ahead of the game. This is one reason to run fast away from any fund that claims it doesn’t invest oil or other forms that produce energy that work.