The real impact of the ESG backlash

This time, Fed rate cuts aren’t “a necessary condition for the stock market bubble to inflate further,” says Reilly. “After all, most measures of equity risk premia have scope to fall as hype around...

ESG bond issuance has slowed from a record $4tn in 2021 and is on pace for more like $3tn this year, while the price premium over ordinary debt has shrunk, according to research house Capital...