Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.10 | +0.05 | -0.35 | -0.15 | -0.05 | +0.00 | +0.00 | -0.09 | -0.05 | -0.03 | +0.05 | +0.05 |
COVID crash, dash for cash, commercial/industrial demand collapse; Fed to zero
How this mood is scored ▾
California declared its first rolling blackouts since 2001 as a historic heat wave drove electricity demand to record levels, prompting a Stage 3 emergency by the California ISO. Hundreds of thousands faced brief outages, highlighting grid vulnerabilities amid extreme weather and raising concerns about future reliability and market stability under climate stress.
NextEra Energy surpassed ExxonMobil in market capitalization, driven by strong performance in renewable energy and stable utility cash flows, marking a milestone in the energy transition. ExxonMobil's value declined due to pandemic-hit oil demand, while NextEra delivered consistent double-digit returns. The shift underscores growing investor preference for sustainable energy firms over traditional fossil fuel giants.