Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at why equities are an imperfect inflation hedge.

Quote of the Day

"Size doesn’t matter when it comes to value investing. Valuation does."

(Wes Gray)

Chart of the Day

What historically happens after the stock market becomes overbought, as measured by the RSI. (chart via @StockCharts)