Clean Yield Insights

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Q3 2021 Market Update: Market Anatomy and Today’s Diagnosis

October 14, 2021
Many stock market observers focus on “fundamentals.” They eagerly scrutinize the latest economic report or company earnings results. Market participants quickly (over)react to the latest news. Yes, the economy and corporate profits are important to future returns, but investor psychology… Read More >
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Night School Summer 2021: International Investing

September 2, 2021
For many years, most U.S. investors invested only in U.S. companies on U.S. exchanges. And why not? The United States was the dominant economy, had the most important stock market, and the most sought-after currency. Its financial markets were the… Read More >
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Q2 2021 Market Update: Signs of a Top

July 13, 2021
“Those who cannot remember the past are condemned to repeat it.”                                                                                                                         George Santayana There seems to be a widespread lack of a historical perspective among investors today. This is particularly common in the late stages of a market mania. People… Read More >
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Q1 2021 Market Update: Caution: Slippery Road Ahead

April 13, 2021
Why caution at a time like this? The COVID vaccine rollout is far exceeding expectations, the federal government is pumping trillions of dollars into the economy, consumer and investor confidence levels are high, and the Federal Reserve has set short-term… Read More >
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Night School: Company Performance vs. Stock Performance

April 6, 2021
Surely a successful company results in a successful stock market investment. Not necessarily. At its simplest, the stock market – or any market – reflects the intersection between demand and supply. The more intensely participants want to buy, the higher… Read More >
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Q4 2020 Market Update: The Amoral Market

January 19, 2021
There are times when it is discomfiting to be in this business. This is one of them. In a year of misery for millions and constitutional democracy in this country at its most perilous moment since the Civil War, financial… Read More >
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Night School: Gross Domestic Product (GDP)

September 30, 2020
Even casual followers of economic and financial news sense that GDP is critically important to economists, investors, and policymakers. What is it, and why is it so important? According to the International Monetary Fund, “GDP measures the monetary value of… Read More >
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Q2 2020 Market Update: Follow the Money

July 15, 2020
These are troubling and confounding times. In a recent poll, the vast majority of Americans said the country is going in the wrong direction. Amid a global pandemic, the Trump administration bungled its response, shirked any responsibility, declared victory, and… Read More >
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Patient Capital in a Pandemic

June 12, 2020
In this environment, where gap between the market and the real economy is vast and growing, we believe that patient, local capital is key to sustaining communities. Community development financial institutions (CDFIs) play an important role in making sure that… Read More >
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We Cannot Be Silent

June 3, 2020
The murder of George Floyd is the latest in a string of brutal killings of black people by police that have shaken the Clean Yield team. We have felt a range of emotions, from anger to deep sadness to helplessness.… Read More >
close up of a $100 bill with a face mask on Ben

Night School: Modern Monetary Theory

May 7, 2020
Why, you might ask, is Clean Yield writing about an arcane economic theory in the midst of a pandemic and economic implosion? We were already planning to write about it due to its emergence as part of the progressive agenda… Read More >