🥵 Global warming could fry hardware

Average temperatures have been too high for a year | France's left won a surprise majority | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for July 9th in 3:05 minutes.   🥳 There's a party going on in the upper echelon – and you've just been invited. So join us for [Gaining An Edge Beyond ETFs]( later today if you're a US investor, and discover the investing tool that has the ultra-wealthy going wild. [Grab your free ticket]( Today's big stories - Despite pledges to limit global warming, average temperatures have exceeded a key climate threshold for 12 months in a row - Where Goldman’s bear market indicator is pointing now – [Read Now]( - The French government’s in deadlock after a surprise win for the left Hot Topic [Hot Topic] What’s going on here? Global average temperatures [breached]( a key climate threshold for a full year. What does this mean? At the 2015 Paris Accord, nearly 200 nations agreed to limit global temperature rises to “well below” 2°C and “ideally” to 1.5°C, compared to pre-industrial levels. But if the number of private jets in the sky and plastic bottles in the ocean hadn’t suggested slow progress, the thermometers might. June marked the 13th consecutive month that average temperatures were the hottest on record. And over the past year, the global average temperature was 1.64°C above the pre-industrial baseline, according to the Copernicus Climate Change Service. That doesn’t mean the Paris Accord is out the window, though. The agreement’s based on a longer-term measurement of more than a decade. But it does imply that the time between now and when the Paris agreement limit is breached is shrinking, and that’s making folk call for quicker and more forceful action to tackle rising temperatures. Why should I care? For markets: Crossing the line. Businesses are already being battered by extreme weather events, and climate change is driving up their costs. That’s only expected to take a turn for the worse, unless climate pledges become real effective, real fast. In fact, without adaptation measures, these annual costs will be [worth]( around 3% of the value of physical assets held by companies in the S&P 500 by the 2050s. That’s no small beans: those charges add up every year, representing a huge financial risk for many companies. Zooming in: Danger for data. According to S&P Global, the communication services sector would suffer the most from extreme weather. The impact would hit firms that own and operate data centers especially hard. That’s because the hardware – which is proving essential for the increasingly digital economy – is very sensitive to extreme temperatures, and its hefty cooling systems would cut out without proper access to water. You might also like: [Big Tech’s big AI spending could have a big downside.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Hot Topic&utm_campaign=daily-global-09-07-2024&utm_source=email) Analyst Take Goldman’s Bear Market Indicator Is Urging You To Be Cautious [Goldman’s Bear Market Indicator Is Urging You To Be Cautious]( [Photo of Stéphane Renevier, CFA] Stéphane Renevier, CFA, Analyst What’s Going On Here? With stocks hitting dizzying new heights and valuations looking stretched, the talk about a possible dip is getting [louder](. To cut through the noise (which is more often about investor jitters than solid data), I dove into the [Goldman Sachs]( playbook for predicting bear markets. Its approach uses hardcore indicators to call out the real signs of trouble, helping to sort the [legitimate warnings]( from mere market chatter. That’s today’s Insight: [where Goldman’s bear market indicator is pointing now](. [Read or listen to the Insight here]( Your free guide to investing with AI Artificial intelligence is slowly but surely becoming ingrained into our lives. Condensing articles, checking out medical symptoms, writing tricky break-up texts: we’ve all been flocking to chatbots without a second thought, for better or for worse. So it’s no surprise that [AI investing tools]( have taken off in a big way. After all, they can tap into the insights of every resource imaginable to create [tailor-made suggestions and solutions](. The only problem: AI can go rogue, and it doesn’t always understand the nuances of human thinking and communication. (Yet.) So before you use the super-smart tech to sharpen up your strategy, [read this free guide to find out how to invest with AI the right way](. [Check Out The Guide]( Turning Left [Turning Left] What’s going on here? In an unexpected change of direction, the French leftist alliance came in first in the second round of parliamentary elections, [leaving]( the government in a deadlock. What does this mean? French President Emmanuel Macron called a snap election recently, after his party suffered a crushing defeat in the European parliamentary elections last month. And after the first round of voting, it looked like a rival far-right party was cruising toward victory. But instead, a new left-wing alliance drew a massive voter turnout. That said, no single group won enough votes to form a majority government, which means Macron may have to negotiate a coalition or set up a technocratic government – one led by experts like senior civil servants and economists. And without a clear leader for the next government, this election could usher in a period of political turbulence in France. Why should I care? For markets: Holding fire. The leftist alliance plans to plow money into the economy, potentially outspending the money made from taxes by even more than today’s standards. Yet, the market seemed fairly nonplussed. French stocks, the euro, and bonds stayed stable. That’s mainly because the political deadlock may make it harder to pass policies – including plans for a spending spree. The bigger picture: Let's talk politics. Two billion voters are heading to the polls this year, giving investors plenty to worry about. Political extremes could exacerbate countries’ fiscal burdens, as well as fueling tensions around the world. But the French election is a timely reminder that it’s easier to talk a big game than it is to implement radical policies. See, a clear majority is a difficult thing to come by. And without one, parties will find it difficult to have everything on their own terms. You might also like: [How to trade like a politician](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Turning Left&utm_campaign=daily-global-09-07-2024&utm_source=email) 💬 Quote of the day "Nothing strengthens the judgment and quickens the conscience like individual responsibility." – Elizabeth Cady Stanton (an American writer and activist) [Tweet this]( Warren Buffett once said: “hang out with people better than you.” That's sound advice for investing platforms. Our [Modern Investor Pulse]( survey asked over [3,000 highly engaged modern retail investors which platforms they favor,]( and what matters to them when choosing which one to use. [Discover the top three here]( (in no particular order) – and if you want more, you can get in touch to see the full list and find out where your platform ranks. [Get The Story]( 📉 what goes up... 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