Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the historical returns to structured notes.

Quote of the Day

"To predict more effectively, you need algorithms that approach the problem from many different directions. To do that, you need model builders who think creatively and data sets that offer as many different perspectives on a problem as possible. Scale is essential."

(Igor Tulchinsky and Christopher E. Mason)

Chart of the Day

The 10 year-3 month Treasury yield spread has been inverted for a long time now. (chart via FRED)