ESG Orphan

Constrained Capital's ESG Orphans. ETF was euthanized, opportunity cost. Theme/investment concept still work. Returns are stellar; I still consult w folks.

[ESG Orphan @EsgOrphan]

@DariusDale42 @federalreserve @SecScottBessent @DavidZervosDC Gold/UUP/TLT since Jan 30, Warsh appointed.
Clear as day. New rate regime, new guy in charge, NOT A BOOMER!
Bernanke pushed him out during GFC as he wasn't playing MMT.
EVERYONE easy $ addled, prays dovish.
Nobody saw a cycle?
Bond bull mkt ended 2022. Prove the counterfactual!

[ESG Orphan @EsgOrphan]

@TedRall What gives with the Dead Sea scrolls found in a cave, written in Hebrew, date-tested to 1000s of years?
How?

[ESG Orphan @EsgOrphan]

@WSB_redditor @nntaleb NY Times photos. OK. They're not complicit, right!!
🤡
I am an American. I believe in freedom, live and let live, don't attack civilians, be free to love who you want, practice what you want, don't kill nonbelievers, don't marry kids, don't subjugate women.
What do you believe?

[ESG Orphan @EsgOrphan]

@WinningFactory @jisoostein @mehdirhasan I think it was a billion killed

[Mark Neuman, CFA @MarkNeuman18]

Starts with a D. And there is definitely a greater all for one team spirit this year.

I’m not saying that Bread prevented team chemistry from developing, but you can be darn sure there was a lot of fancy skating and East West going on. We’ve seen a lot of north south in the first handful of games.

I like it. We are a little quicker and I think a little younger. We are making it hard to play against us.

The one thing I noticed too is in the D zone, it’s a five man unit protect protecting the house. We didn’t see that consistently last year.

Our second D pairing is making a very strong showing thus far.

[ESG Orphan @EsgOrphan]

@EdKrassen Ed, Brian, whichever persona you are....
Explain this:
https://t.co/dVm5yu5qne
I don't think your flex is what you think it is. I don't fear him for policy, I fear him for his deep-rooted beliefs, hate of kuffars, and anti-Americanism deep down.

[ESG Orphan @EsgOrphan]

@MasterMaliq Maliq, a litmus test. Simple yes or no.
Are H*mas terrorists?
Who destroyed/suppressed/terrorized Gazans since 2005?
Is the H*mas charter to destroy Isr*el & the J*ws?
Is that OK or do they need to be eliminated?
Does Iran sponsor global terrorism?

Your taqiyyah test is this....

[ESG Orphan @EsgOrphan]

@nntaleb Deep down, all IQ, no EQ revealed as low level performative libel using "genocide."
Sophistry/charlatanism full display.
Word technically applies? Worst genocide in history. Lowest civi/combatant rate ever, drop leaflets, inoculate, provide food.
Simpletons confuse genocide & war

[ESG Orphan @EsgOrphan]

@EricBalchunas Mkt of stks vs a stk mkt. A few logs hold up the whole log jam.
Mag 7: MSFT fine. AAPL fine. GOOG ok. AMZN bounced. META holds up. NVDA holds trend barely. TSLA +30% 1mo, -16% YTD.
Transports < 200d. KRE < 200d. IYC -5% YTD. XLU -8% 1yr. Airlines/Autos down.
Tech vs mkt basically

[ESG Orphan @EsgOrphan]

@alon_mizrahi What can I complain about next...

[ESG Orphan @EsgOrphan]

@Weir4Liberty When your ideology has become your identity, it's over.

[ESG Orphan @EsgOrphan]

@johnpavlovitz Just enjoy the music clown

[ESG Orphan @EsgOrphan]

@DrShushan @AbdulElSayed @SenatorSlotkin The zombie apocalypse is here. Critical thinking is dead, suicidal empathy runs deep.
People willing to elect folks "with good policies" despite one of the core fundamental policies is siding with terrorists whose goal is wiping said people off the face of the Earth.
🤷‍♂️

[ESG Orphan @EsgOrphan]

@HorrorGorl And if you stand for everything, you stand for nothing.

[ESG Orphan @EsgOrphan]

@andrewfeinstein The "scholars" (OK capo) can't do math? Population of Gaza > 3yrs go. Normal birth/death, plus kill all terrorists, and net/net, you fools can't do math.
Intent? Yeah, leaflets, texts saying "evacuate," tons of food (stolen by H*mas), vaxes/polio inoculation.
Low IQ performer.

[ESG Orphan @EsgOrphan]

@nntaleb Everyone compares this to 1973. One difference matters more than the oil shock.

In 1973, public debt was about 24% of GDP. Today it’s roughly 99%. Net interest ran $963bn in the first ten months of FY26.

In 1973, higher rates slowed the economy. Now they also widen the deficit.

[ESG Orphan @EsgOrphan]

Meanwhile ESG Orphans (proxy) appreciating.
October, 1mo
MO +7%, +5%
DEO +7%, +5%
XLU +6%, -1%
XLE +8%, +2%
ITA unch, -5%
High quality, hard good producers, low beta, cash flow, nice dividends, defensive, inelastic.
Hated/shamed, now ESG woke regime is over.
Follow the flows!

[Mark Neuman, CFA @MarkNeuman18]

Feels almost like just not gonna break them ahead of the election barring something idiosyncratic.

Earnings + fed + relentless jawboning/omo.

Almost feels sold out going into earnings.

The one issue: stock mkt vs mkt of stocks. So many stock charts look awful yet mkt holds up. Feels a few more shots across the bow of tech/AI/semis and it’ll be done. But nearly feels post election tbh. Unsure.

See today, Asia wobbles the semi space. A couple more body blows. But continue to wonder pre/post election. What really breaks it?

It’s all timing!

@gnoble79 @lighthousejerry @JackFarley96 @TgMacro @dailydirtnap @davevermilion @ArturoVandelayI @DougKass

[ESG Orphan @EsgOrphan]

@medeabenjamin Idiot
Fish in fishbowls think they are free too.
You're one of the dimmest.
Social credit scores prevent crime. They monitor everyone's every movement.
You love that you psycho.

[ESG Orphan @EsgOrphan]

@EpsilonTheory Through the lens of, "who wants who to win the midterms," I look at oil prices and ME bellicosity as the direct reflection of this question.
Violence, war, attacks, higher oil create greater chance of current Admin LOSS.
Who wants that? Domestic & foreign influences?
QED