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 price of Bitcoin is being manipulated.

Quote of the Day

"The competition to find superior models is what advances our understanding not only of the markets but also about which factors to focus on when selecting the most appropriate investment vehicles and developing portfolios."

(Larry Swedroe)

Chart of the Day

When the variance risk premium is negative stocks have a strong tendency to perform well.