Investing Research Articles

Does the seasonal shift marked by the Easter holiday, with the U.S. stock market closed on the preceding Good Friday, produce anomalous returns? To investigate, we analyze the historical behavior of the S&P 500 Index...

We are making two changes to CXOadvisory.com methodology: The Social Science Research Network (SSRN) is our principal source of research relevant to individual investors. We monitor relevant parts of SSRN to discover such research. However,...

Below is a weekly summary of our research findings for 3/23/26 through 3/27/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

What is the interplay among exchange-traded fund (ETF) proxies for the U.S. dollar, gold and crude oil? Do changes in the value of the dollar lead or lag those in hard assets? To investigate, we...

“Simple Term Structure ETF/Mutual Fund Momentum Strategy” tests a simple relative momentum strategy on the term structure of U.S. Treasuries using exchange-traded fund (ETF) and mutual fund proxies. Here, we update and extend that analysis...

Should users of artificial intelligence (AI), as implemented via Large Language Models (LLM) with latitude to operate independently, expect good treatment? In their February 2026 paper entitled “Agents of Chaos”, a large research team reports...

A subscriber suggested adding a simple moving average (SMA) timing rule to “Top 5 or Top 10 NASDAQ 100 Momentum Stocks?” in order to suppress relatively deep maximum drawdowns (MaxDD). To investigate, we consider SMAs...

A buffer exchange-traded fund (ETF) is designed to limit losses while capping gains over a specific period, usually one year, generally by combining a position in put and call options on a stock index with...

Below is a weekly summary of our research findings for 3/16/26 through 3/20/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

A subscriber asked about an assertion that bitcoin (BTC) price trend/return predicts return of the S&P 500 Index (SP500). To investigate, we relate BTC returns to SP500 returns at daily, weekly and monthly frequencies. We...

A subscriber asked whether more granularity in international equity choices for the “Simple Asset Class ETF Momentum Strategy” (SACEMS) would improve performance. To investigate, we augment/replace international developed and emerging equity market exchange-traded funds (ETF) such that...

Do exchange-traded funds (ETF) designed to make private equity accessible to individual investors beat the market? To investigate, we consider four ETFs, as follows: Invesco Global Listed Private Equity ETF (PSP) – invests in 40...

The Trading Calendar has links to charts of average month-to-date return for the S&P 500 Index (SP500) by trading day during each month of the year. How do these cumulative return profiles compare? To illustrate,...

Are plans to use nuclear power to provide electricity for proliferating data centers driving attractive performance for uranium exchange-traded-funds (ETF)? To investigate, we consider four such ETFs, all currently available: VanEck Uranium and Nuclear ETF...

Below is a weekly summary of our research findings for 3/9/26 through 3/13/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

Which is more important, knowing what direction to trade or knowing when to enter a trade? In his February 2026 paper entitled “Who Profits from Prediction Markets? Execution, not Information”, Joshua Della Vedova decomposes prediction...

Are there cryptocurrencies that are so alike that they generally track each other and reliably revert whenever they diverge? In their December 2025 paper entitled “Pairs Trading in Crypto”, Sasha Stoikov, Dora Xu, Shijie Shao,...

The Inflation Forecast now incorporates actual total and core Consumer Price Index (CPI) data for February 2026. The actual total (core) inflation rate is a slightly lower than (a little lower than) forecasted.

How do exchange-traded-funds (ETF) focused on data centers, an arguably hot theme, perform? To investigate, we consider four such ETFs, all currently available, as follows: iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) Pacer...

“Beat the Market with Hot-Anomaly Switching?” concludes that “a trader who periodically switches to the hottest known anomaly based on a rolling window of past performance may be able to beat the market. Anomalies appear...

“Simple Sector ETF Momentum Strategy” investigates performances of simple momentum strategies for the following nine sector exchange-traded funds (ETF) executed with Standard & Poor’s Depository Receipts (SPDR): Materials Select Sector SPDR (XLB) Energy Select Sector...

Below is a weekly summary of our research findings for 3/2/26 through 3/6/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

A subscriber requested a test of Ray Dalio‘s All Weather (AW) portfolio with different rebalancing frequencies, allocated to exchange-traded funds (ETF) as asset class proxies as follows: 30% – Vanguard Total Stock Market (VTI) 40%...

Can investors use leveraged exchange-traded funds (ETF) to construct attractive versions of simple 60%/40% (60/40) and 40%/60% (40/60) stocks-bonds portfolios? In their March 2020 presentation package entitled “Robust Leveraged ETF Portfolios Extending Classic 40/60 Portfolios...

How do returns of different asset classes recently interact with inflation as measured by monthly change in the not seasonally adjusted, all-commodities producer price index (PPI) from the U.S. Bureau of Labor Statistics? To investigate,...