Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether the overnight S&P 500 anomaly has finally disappeared.

Quote of the Day

"The most loved innovators have not outperformed the market over the past century, simply because they didn’t need to in order to attract capital."

(Brian Chingono)

Chart of the Day

Tactical allocation ETFs have not distinguished themselves.