Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the still elevated value spread.

Quote of the Day

"As I’ve listened to interviews, read, and thought about what the hell is happening, I’ve come to believe that markets are not absurd. It’s our illusions about how tidy they are which is absurd."

(Kris Abdelmessih)

Chart of the Day

Utilities are the least correlated sector to the market.