Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why you should be wary of verbose CEOs.
Quote of the Day
"Assets that lack marketability will never see the broad demand required to create a bubble."
(Mark Rzepczynski)
Chart of the Day
Long-term inflation expectations have not become ‘unmoored.’
Credit
- Higher ESG scores are associated with lower bond spreads. (advisorperspectives.com)
- Muni bond buyers are going to have to integrate climate risk into their credit models. (parametricportfolio.com)
Retail
- Has increased retail participation changed the nature of the stock market? (insights.factorresearch.com)
- Investors in a company are more loyal to the underlying brands. (papers.ssrn.com)
Research
- A 'buy the dip' strategy sits in cash way too much. (ofdollarsanddata.com)
- Does adding the VIX do anything for already diversified portfolios? (capitalspectator.com)
- What has caused the deterioration in hedge fund performance over time? (evidenceinvestor.com)
- ESG rating services are not all that correlated. (alphaarchitect.com)
- Following the news is not a great investment strategy. (evidenceinvestor.com)
