Green Matters – November 30, 2020

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greenmatters

Insights for the conscious investor.

November 30th, 2020

Markets & Economy: Making the irrational, rational.

  • The new money trust: how large money managers control our economy and what we can do about it (economicliberties)

  • Five economic reasons to be thankful (calculatedrisk)

  • Bad debts in China (economist)

  • US Federal Reserve rolls out new guidance, highlighting risk of climate change to our financial system (cnbc)


Robots & AI: Unlimited possibility; the good, the bad, the transformative. 

  • People are turning to robots to cope with mental health during pandemic (fastcompany)

  • RoboCop sets sail (hakai)

  • AI automation promises to have a big, and not always positive, impact (techrepublic)


ESG Investing: Goodness is the only investment that never fails.

  • Solar panels + agriculture: you ain’t seen nothing yet (cleantechnica

  • Silicon Valley is investing in climate tech again (quartz)


Carbon & Renewables: A step in the right direction.

  • 5 predictions for corporate renewable energy market in 2021 (pvmagazine)

  • Electric vehicles set to reach price parity with gasoline vehicles by 2024 (BNEF)

  • What exactly is a carbon offset? (greenbiz)


Mental Health: Remember, we’re all human.

  • De-politicizing your feed (ritholtz)

  • How to avoid rushing to solutions when problem-solving (hbr)

  • When ordinary people go viral, where’s the line between comedy and cruelty? (vox)

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About this newsletter:
This newsletter is curated by professional financial advisors, wealth managers and market researchers at Willow Investments for Loving Change. We sift through the daily noise to find nuggets of emerging trends and developments in our ever-changing world, focusing on the intersection of capitalism, consciousness and social & environmental justice. How these worlds converge directs the course of our future. One way we can make loving change is to share what we are discovering. 
          
Disclaimer: Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to buy or sell securities. This newsletter is for general informational purposes only. All information is provided in good faith, however we make no guarantee regarding the accuracy of any information contained herein. Please review our Privacy Policy, Disclaimer and Terms of Use & Conditions for more information. 

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Green Matters – November 23, 2020

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greenmatters

Insights for the conscious investor.

November 23rd, 2020

Sustainable Investing: Align your dollars with the rest of your life.

  • Sustainable investing assets in US now account for $17.1 trillion, a 42% increase over 2018 (ussif)

  • Investors are looking for sustainable business models that can withstand market shocks (financialtimes)

  • New study: 100% percent of institutional investors considered ESG in their decisions over the past year (morrowsodali)

  • Tax equity and ESG investing: the best of both worlds (forbes)


Tech’s Dark Side: Innovation has a cost…

  • ‘Extremely aggressive’ internet censorship spreads in the world’s democracies (umich

  • Orwell’s nightmare? Facial recognition for animals promises a farmyard revolution, but where is the limit? (wapo

  • 3.2 billion images and 720,000 hours of video are shared online daily. Can you sort real from fake? (singularityhub)


Tech’s Green Side:  Many times that cost is worth it.

  • Solar panels + agriculture: you ain’t seen nothing yet (cleantechnica

  • Silicon Valley is investing in climate tech again (quartz)


Mindset: The first step towards change is awareness.

  • Looking at the extraeconomic side of money and wealth (amherst)

  • Psychologists find a mindset that can foster positive feelings amid interpersonal conflict (psypost)

  • A call for more conscious consuming this Black Friday (fastcompany)


Markets & Economy: “This time it’s different.” Oh, maybe not.

  • G20 summit focuses on ending the pandemic and strengthening the economic recovery (globalmx)

  • What’s in store for the dollar? (goldmansachs

  • Why real estate needs a seat at the table in a sustainable future (sustainablebrands)

  • Men have recovered nearly 60% of their March and April job losses. Women, less than 40% (forbes)


Corporate Social Responsibility: Goodness is the only investment that never fails.

  • Switzerland soon to become the first country to hold corporations responsible for supply chain injustices (triplepundit)

  • Capitalism must be saved by capitalists, say ESG investors (fortune)

  • Carbon taxes do not harm jobs or economic growth (resources)

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About this newsletter:
This newsletter is curated by professional financial advisors, wealth managers and market researchers at Willow Investments for Loving Change. We sift through the daily noise to find nuggets of emerging trends and developments in our ever-changing world, focusing on the intersection of capitalism, consciousness and social & environmental justice. How these worlds converge directs the course of our future. One way we can make loving change is to share what we are discovering. 
          
Disclaimer: Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to buy or sell securities. This newsletter is for general informational purposes only. All information is provided in good faith, however we make no guarantee regarding the accuracy of any information contained herein. Please review our Privacy Policy, Disclaimer and Terms of Use & Conditions for more information. 

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Market Update November 2020

November 2020

This month, Alexandra and Paul held the market update live along with Q&A for Willow clients. In case you missed it, you can watch the replay. In this video for Willow clients, Alexandra and Paul share highlights, analysis and outlook of market risk indicators and economic conditions as well as our leading themes that influence our investment strategy. 

Market Update Summary (November 2020):

    • Our proprietary algorithm looking at 14 points volatility are pointing to a low expectation that markets will be unstable. Risk levels are generally slightly elevated, but the trend is going in the right way and measures point to a relatively settled market for the next 30 days.
    • We love watching bond spreads because they don’t lie. We’re seeing a good trend here pointing in the direction of less risk in the market, coming down significantly since February.
    • Another leading indicator we watch, credit default swaps, is also trending in a good direction.
    • Consumer health data is showing a remarkable recovery. It’s possible this data shows a recovered consumer because lower-income buyers, who have been disproportionately affected by the pandemic, are not reflected strongly in consumer buying habits like home buying, etc.
    • The manufacturing sector has rebounded well from earlier this year.
    • The US market still looks exceptionally stronger than the rest of the global market, especially Europe and Emerging Markets. It is the US tech sector that continues to keep US markets high. We don’t see this changing anytime soon, although we are making selective, strategic purchases in the global market.
    • Value stocks tend to do well with a Democratic president, and we did see a bounce in energy and finance sectors once the election results were announced. Those are the only sectors in the value camp that have made our watch list. Growth stocks are still outperforming values stocks because of the tech sector. We are seeing some patterns in growth vs value stock performance looking a lot like the 90s.

So in light of these assessments, we continue to diligently track current market conditions and future economic outlooks so we can position our clients as strategically as possible.

We wish everyone a holiday season of peace and gratitude.

To set up a meeting to discuss your portfolio, please click here or give us a call.

Best regards,

The Willow Team
+1 413 236 2980

Green Matters – November 16, 2020

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greenmatters

Insights for the conscious investor.

November 16th, 2020

Markets, Finance & Economy: Make the irrational, rational.

  • The economy as we knew it might be over, Fed Chairman says (cnn)

  • Modern Monetary Theory and public finance: the state’s new role (crossfire)

  • Long-term unemployment is on the rise (mazech)

  • Home prices are rising everywhere in the U.S. (wsj)

  • If restaurants go, what happens to cities? (NYT

  • [Podcast] The End Game ep. 10 – Chris Cole – Volatility and risk assets (grantwilliams)


Socially-Responsible Investing: Align your dollars with the rest of your life. 

  • What Biden administration could mean for stakeholder capitalism and ESG investing (businessinsider)

  • Twin crises of 2020 prompt rise in clean investing (triplepundit)

  • 10 economic patterns related to gender that are material to investments in the recovery (criterioninstitute)

  • New report: rethinking American capitalism (mckinsey)


The Future of Cash and Crypto: A digital revolution. 

  • ETH: the bond of the internet (bankless

  • Zelle has turned dollar-starved Venezuela into a cashless test lab (bloomberg)

  • [Podcast] 38 – The world is waking up to crypto – Raoul Pal (bankless)

  • [Podcast] MacroVoices #235 Luke Gromen: U.S. dollar deep dive (macrovoices)


The Changing World of Work: The life blood of our economy.

  • ‘Work from anywhere’ is here to stay. How will it change our workplaces? (latimes

  • Black women represent 42% of new women-owned businesses (forbes)

  • The omnipresence of work and why stepping away allows us to do and be our best (moreofthat)

  • Study finds men have been promoted 3 times more than women during pandemic (cnbc)

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About this newsletter:
This newsletter is curated by professional financial advisors, wealth managers and market researchers at Willow Investments for Loving Change. We sift through the daily noise to find nuggets of emerging trends and developments in our ever-changing world, focusing on the intersection of capitalism, consciousness and social & environmental justice. How these worlds converge directs the course of our future. One way we can make loving change is to share what we are discovering. 
          
Disclaimer: Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to buy or sell securities. This newsletter is for general informational purposes only. All information is provided in good faith, however we make no guarantee regarding the accuracy of any information contained herein. Please review our Privacy Policy, Disclaimer and Terms of Use & Conditions for more information. 

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Green Matters – November 9, 2020

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greenmatters

Insights for the conscious investor.

November 9th, 2020

Social Enterprise: Don’t doubt human ingenuity.

  • The city of San Francisco just passed an ‘Overpaid Executive Tax’, which adds a 0.1% tax on companies whose executives earn 100 times more than the average worker (nbc)

  • How to run a successful business while elevating humanity (inc)

  • Seven emerging issues that will shape sustainable business (thefastforward)

  • How working from home could revitalize rust belt cities (theconversation)

     

Markets & Finance: Make the irrational, rational. 

  • Why financial advisors should care about Bitcoin (coinbase)

  • World’s largest banks invested more than $2.6 trillion in sectors causing biodiversity loss and wildlife destruction in 2019 (triplepundit)

  • How economically damaging could new lockdowns be? (economist

  • Necessity plus opportunity yield fastest growth of US new business applications since 2007 (wsj)

     

Social Consciousness: A humanity revolution. 

  • Podcast: How to Succeed by Being Authentic (Hint: Carefully) (Ep. 438) (freakonomics

  • Does being an ethical consumer go far enough? (atmos.earth)

  • Policymakers turning to Indigenous leaders for their knowledge of burning techniques that stop the spread of wildfires (nytimes)

     

Time for Renewables: Unlimited possibility; the good, the bad, the transformative.

  • New advances in solar energy technology include floating solar farms and infrared night panels (asme)

  • World first: Dutch brewery burns iron as a clean, recyclable fuel (newatlas)

  • New plan charts path to zero-carbon US economy by 2050 (triplepundit)

  • Green Hydrogen: Could It Be Key to a Carbon-Free Economy? (yale360

  • 100% solar, wind and batteries is just the start — the ‘super’ power they produce will change the world (utilitydrive)

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About this newsletter:
This newsletter is curated by professional financial advisors, wealth managers and market researchers at Willow Investments for Loving Change. We sift through the daily noise to find nuggets of emerging trends and developments in our ever-changing world, focusing on the intersection of capitalism, consciousness and social & environmental justice. How these worlds converge directs the course of our future. One way we can make loving change is to share what we are discovering. 
          
Disclaimer: Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to buy or sell securities. This newsletter is for general informational purposes only. All information is provided in good faith, however we make no guarantee regarding the accuracy of any information contained herein. Please review our Privacy Policy, Disclaimer and Terms of Use & Conditions for more information. 

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Willow Risk Monitor – November 2020

The Willow Risk Monitor July 2020
Willow Risk Monitor November 2020

Welcome to the November 2020 overview edition of the Willow Risk Monitor, where we share our analysis of the level of risk in the current market across a variety of metrics. We also explain our thinking on how we look at and assess overall market risk, and we will often highlight what the data shows compared to what you might be hearing in the news.

At Willow, risk management is one of our key influencers in creating portfolio strategies for our clients. We hope this gives a peek into our investment management window.

Consumer Health (proprietary algorithm)

Metrics measuring consumer health continue to improve. The gap between high and low wage earnings continues to widen which, while we see much of the data as promising, still gives us pause.

Risk Assessment: Medium/Low

Manufacturing Health (proprietary algorithm)
how we look at manufacturing

Our manufacturing health index is back to pre-covid levels, but we still reserve some caution here as supply chains have been massively disrupted and global trade is still sorting itself.

Risk Assessment: Medium/Low

Market Volatility (proprietary algorithm)

While volatility has pulled back after a recent spike levels are still elevated vs the longer term. Many unknowns are still keeping risk premiums higher – the election transition, vaccines, COVID, geopolitics, global trade, changing demographics, climate, the list goes on…

Risk Assessment: Medium

Credit Default Swaps
how we look at CDS

CDS spreads show an easy way to gauge the cost of credit protection.  While it’s been a bumpy ride, spreads have mainly returned to pre-COVID levels, having the FED as a credit market backstop definitely helps.

Risk Assessment: Low

Bond Spreads
how we look at bonds

Bond spreads continue to tighten signaling lower perceived risk in the debt markets.

Risk Assessment: Low

As always, be well and please feel free to reach out with any questions, comments or concerns.

Best regards,

The Willow Team
+1 413 236 2980

ADCM, LLC dba Willow does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Although the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed.  Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to buy or sell securities.  

Green Matters – November 2, 2020

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greenmatters

Insights for the conscious investor.

November 2nd, 2020

Calls to Action: Solutions require new thinking.

  • It’s time to end slash-and-burn capitalism (hbr)

  • The US financial system needs to prepare for climate disruption (fastcompany)

  • Connecting the dots: the intersection of economic equality, racial justice and sustainable investing (ccm)

  • If we want to get past “woke capitalism,” this is what it’ll take to get companies to an equitable relationship with both workers and society (fastcompany)

 

Trends: History is seasonal. 

  • Wall Street will soon have to take millennial investors seriously (economist)

  • Between 14-23 million Americans plan to relocate now that they can work from home (npr)

  • New data shows climate risk is rising among executives’ biggest concerns (greenbiz)

  • Men are taking environmental concerns more seriously as a result of COVID (sustainablebrands)

 

Social Justice, Diversity & Ethics: No more tradeoffs. 

  • Yale endowment chief puts money managers on notice about diversity for its $31 billion endowment (wsj)

  • From “woke washing” to true corporate social justice (hbr)

  • Discrimination cost US economy $16 trillion over past 20 years (npr)

  • A tale of two Americas: How the pandemic is widening the financial health gap (fortune)

 

Carbon, Climate & the Environment: The not-so-silent crisis.

  • New massive coral reef just discovered in Australia (cnn)

  • Solar is now ‘cheapest electricity in history’, confirms IEA (carbonbrief

  • The Amazon rainforest is near a survival tipping point (fastcompany)

  • ‘Sky mining’ facility creates carbon-negative diamonds (eandt)

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About this newsletter:
This newsletter is curated by professional financial advisors, wealth managers and market researchers at Willow Investments for Loving Change. We sift through the daily noise to find nuggets of emerging trends and developments in our ever-changing world, focusing on the intersection of capitalism, consciousness and social & environmental justice. How these worlds converge directs the course of our future. One way we can make loving change is to share what we are discovering. 
          
Disclaimer: Neither the information nor any opinion expressed herein constitutes an offer or a solicitation of an offer to buy or sell securities. This newsletter is for general informational purposes only. All information is provided in good faith, however we make no guarantee regarding the accuracy of any information contained herein. Please review our Privacy Policy, Disclaimer and Terms of Use & Conditions for more information. 

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