Below is a weekly summary of our research findings for 11/9/20 through 11/13/20. 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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- Economic Policy Uncertainty and the Stock Market
Evidence from several tests offers little support for belief that economic policy uncertainty as measured by the EPU Index is useful for U.S. stock market timing. - Combining Economic Policy Uncertainty and Stock Market Trend
Evidence does not support belief that adding a signal based on the EPU Index improves performance of the S&P 500 Index SMA10 for U.S. stock market timing. - Adjusting the Value Premium for a Knowledge Economy
Evidence indicates that including intangible assets in book value improves value investing outcome. - Herding off the Cliff at Robinhood?
Evidence indicates that return reversals reliably follow intense stock buying by retail investors, especially for small-capitalization stocks, with the effect amplified by simple user interfaces that concentrate attention of inexperienced investors on a few stocks. - Inelastic Markets Hypothesis
The inelastic markets hypothesis and limited empirical support suggest that flows of money into and out of financial markets, not fundamentals, are preeminent for understanding stock market fluctuations.
