Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at three trends that held back hedge fund returns over the past decade.

Quote of the Day

"The worst thing market participants can do is pay attention to fundamental/technical analysis in financial media because it causes cognitive dissonance and often results in erratic performance."

(Michael Harris)

Chart of the Day

Sometimes correlations flip.