Below is a weekly summary of our research findings for 7/1/19 through 7/5/19. 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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- Productivity and the Stock Market
Evidence from simple tests indicates that quarterly U.S. labor productivity growth as available from BLS is likely not useful for predicting U.S. stock market behavior, and perhaps that investors should not consider it due to large cumulative revisions. - Cash Flow Duration as Overarching Stock Return Predictor
Evidence suggests that stocks with future cash flows concentrated in the near (far) term tend to outperform (underperform), and that this finding explains how several widely accepted equity factors work. - Online, Real-time Test of AI Stock Picking?
Very limited available evidence offers little support for belief that an AI-based equity fund can beat the market. - Sentiment Indexes and Next-Month Stock Market Return
Evidence indicates that the selected sentiment indexes have potential to beat buying-and-holding the S&P 500 Index on a gross basis.
