Below is a weekly summary of our research findings for 8/19/19 through 8/23/19. 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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- Day Trading a Bust?
Evidence from Brazil does not support belief that retail traders can earn a living via day trading. - S&P 500 Volatility Indexes as an Asset Class
Evidence indicates that investors should not use strategies based on products tracking widely used S&P 500 Index option-implied volatility indexes. - Gold Price Drivers?
Evidence from simple tests indicate that CPI, short-term interest rates, stock market behavior and consumer sentiment have little or no power to predict spot gold return. The strongest finding is that spot gold price appears to anticipate inflation by one or two years. - Contents of Investment Advisor Portfolios
Evidence indicates that the typical investment advisors rely heavily on funds and exploit just a few factors. - SACEVS Applied to Mutual Funds
Evidence from the available test period suggests that SACEVS applied to mutual funds beats a relevant benchmark over the past 39 years, but magnitude of outperformance is sensitive to the lookback interval used for risk premium estimation and may be dissipating.
