Below is a weekly summary of our research findings for 8/31/20 through 9/4/20. 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.
Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list.
- Should Investors Care About “the Way Things Are Going”?
Evidence suggests that public sociopolitical satisfaction and stock market valuation (market P/E) move somewhat in step, but with no reliable way to exploit the satisfaction measure for stock market timing. - Stock Market Returns Around Labor Day
Best guess is that any anomalous U.S. stock market behavior around Labor Day is a relatively strong return one trading day before the holiday and high volatility the day after, but noise generally dominates and recent data does not support belief in a return anomaly. - Effectiveness of Various Risk Controls during the COVID-19 Crash
Evidence suggests that trend following strategies offer reasonable protection from crashes such as the COVID-19 sell-off with reasonable performance across other market conditions. - Asset Class ETF Interactions with the Euro
Evidence suggests that a strong (weak) euro relative to the U.S. dollar is contemporaneously good (bad) for most asset classes, but not for U.S . government bonds. Euro valuation changes are not convincingly predictive of asset class returns. - Are Managed Futures ETFs Working?
Available evidence on attractiveness of managed futures ETFs suggests that any benefits from diversification of equities and fixed income are unlikely to compensate for poor absolute returns.
