Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at whether sin stocks are a distinct return factor.

Quote of the Day

"If US investors could only use one macro indicator to inform their investment decisions, we feel that indicator should be the high-yield spread."

(Dan Rasmussen and Igor Vasilachi)

Chart of the Day

Craig Lazarra, “When returns are skewed, increasing diversity increases the odds of success.”