Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at who thematic investors are trading against in reality.

Quote of the Day

"Markets, in their infinite madness, can produce all sorts of delightfully weird anomalies caused by under-appreciated, often boring technical factors, most of which are in practice impossible to exploit but can lead to all sorts of fantastical theories."

(Robin Wigglesworth)

Chart of the Day

The value rebound, illustrated.