Below is a weekly summary of our research findings for 1/25/21 through 1/29/21. 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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- U.S. Stock Market Performance by Intra-year Phase
Evidence from simple tests supports belief that the middle (end) of the year tends to be the worst (best) time to invest in U.S. stocks, and that national election years affect stock market performance. - Recent Weaknesses of Factor Investing
Evidence suggests that crises perturb equity factor performance. - Testing the All Weather Portfolio
Available evidence suggests that Ray Dalio’s All Weather portfolio with a low rebalancing frequency may appeal to very risk-averse investors willing to sacrifice performance for low volatility and crash protection. - Combining an All Weather Portfolio, Crash Protection and Unemployment Trend
Evidence indicates that a carefully crafted, crash-protected portfolio of a few ETFs may be able to achieve an attractive return at low risk. - SACEVS with SMA Filter
Evidence from simple tests on available data supports belief that adding an SMA filter to SACEVS allocations (ensuring that no holdings are in downtrends) lowers returns but also suppresses drawdowns, and therefore may be attractive to risk-averse investors.
