Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the crummy performance of tactical allocation ETFs of late.

Quote of the Day

"Portfolios reveal our market views whether we admit it or not."

(Mark Rzepczynski)

Chart of the Day

What does a really long time series say about the drawdown in value?

(twocenturies.com)