Below is a weekly summary of our research findings for 12/14/20 through 12/18/20. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs.
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- Overcharging for Target-Date Funds?
Evidence indicates that investors can usually beat target date funds by constructing and maintaining a portfolio of low-cost ETFs using the same rules. - Reversions from Stock Market Valuation Extremes Drive the Value Premium?
Evidence indicates that the value premium concentrates during times of extreme market misvaluation (long value stocks after extreme market undervaluation and short growth stocks after market overvaluation). - QQQ:IWM for Risk-on and GLD:TLT for Risk-off?
Evidence suggests that the QQQ:IWM-GLD:TLT strategy may have value for investors who can achieve very low levels of trading frictions. - Stock Returns Around Christmas
Best guess is that any anomalous U.S. stock market strength around Christmas will start one trading day before and persist for several trading days after the holiday, but noise generally dominates. - Surprise in Short Interest as Stock Return Predictor
Evidence indicates that unusual changes in stock short interest relative to the prior year relate negatively to future stock returns.
