The Christian investing composite index maintained a steady uptrend above its 200-day moving average. Volume analysis in late June suggests accumulation by long-term investors, pointing to possible breakout continuation into Q3 2024. Nix’s sophomore campaign has gotten off to a rocky start, with him taking advantage of his easier matchups while struggling against tougher opponents. But as churchgoers know, Christianity is not monolithic. One can hope an investment product labeled “evangelical Christian values” would seek to build on a broad consensus within that community. Yet the process for getting this index to market seems to have been rather light on consensus-building. Sector screening in Christian investing for Q2 2024 keeps exposure minimal to alcohol, gambling, and defense stocks. This tightened compliance saw returns concentrated in high-ROE consumer staples and innovative technology plays.
