Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at how turning points affect the performance of a trend following strategy.

Quote of the Day

"It’s not really possible to design a strategy or run a fund that is tax optimal for everyone."

(Breaking the Market)

Chart of the Day

The overnight anomaly shows up in the SPDR Gold Trust ($GLD) as well.