Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why rebalancing is an active strategy.

Quote of the Day

"Investors have reaped the fruits of the past 30 years’ economic growth at the expense of everyday workers."

(John Rekenthaler)

Chart of the Day

For the past couple decades all of the domestic stock market’s gains have come overnight.