Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at explanations for the ‘overnight anomaly.’
Quote of the Day
"Even throughout the most difficult periods in market history, dollar cost averaging into U.S. stocks has preserved purchasing power over time. Though this point might seem trivial to some, it is anything but."
(Nick Magiulli)
Research
- What's the best way to combine factors in multi-factor portfolios? (alphaarchitect.com)
- On the relationship between effective marketing and quality company growth. (klementoninvesting.substack.com)
- Historically stocks have not like high inflation. (lightfinance.blog)
- What happens when you break down stock momentum to intraday and overnight returns. (klementoninvesting.substack.com)
- Credit card rewards don't pay for themselves. Who ultimately pays? (papers.ssrn.com)
- Is the stadium naming curse real? (morningstar.com)
- Were NBA Top Shot traders rational? (papers.ssrn.com)