Below is a weekly summary of our research findings for 4/13/20 through 4/17/20. 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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- Smart Money Indicator Verification Update
Verification updates/extensions indicate that U.S. stock market timing based on some variations of the Smart Money Indicator may be very attractive, subject to concern about signal execution lag snooping bias and smart/dumb money definition snooping bias. - TIPS-based Equity Risk Premium Estimate
U.S. and global ERPs are relatively attractive for long-term investors when calculated based on long-term TIPS. - Expert Estimates of 2020 Country Equity Risk Premiums and Risk-free Rates
Average local returns to equity (ERP plus risk-free rate) for 2020 based on responses to an international survey of professors, analysts and company managers range from 5.8% to 34.5% across 81 countries. - The Low-down on Low-risk Investing
Evidence indicates that that low-risk investing has and continues to work well across asset classes. - Equity Factor Performance During the 2010s
Over the past decade, low-risk factors have performed exceptionally well, while those from leading factor models have not.
