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)

Chart of the Day

The value factor has dominated, YTD 2022.