Do exchange-traded funds selecting stocks based on environmental, social, and governance characteristics (ESG ETF) typically offer attractive performance? To investigate, we compare performance statistics of eight ESG ETFs, all currently available, to those of simple...

Below is a weekly summary of our research findings for 7/20/26 through 7/24/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

The four iShares Core Asset Allocation exchange-traded funds (ETF) offer exposures to U.S. stocks, global stocks and bonds semiannually rebalanced to fixed weights, as follows. iShares Core Conservative Allocation (AOK) – 30% stocks and 70%...

How do different asset classes interact with the Japanese yen-U.S. dollar exchange rate? To investigate, we consider relationships between Invesco CurrencyShares Japanese Yen (FXY) and the exchange-traded fund (ETF) asset class proxies used in the...

How do different asset classes interact with euro-U.S. dollar exchange rate? To investigate, we consider relationships between Invesco CurrencyShares Euro Currency (FXE) and the exchange-traded fund (ETF) asset class proxies used in the Simple Asset...

How do different asset classes interact with U.S. dollar valuation? To investigate, we consider relationships between Invesco DB US Dollar Index Bullish Fund (UUP) and the exchange-traded fund (ETF) asset class proxies used in the...

What happens when investors largely ignore their stock holdings over intervals of one, five and ten years? In his June 2026 paper entitled “Returns to ‘Do-Nothing’ Portfolios”, Hendrik Bessembinder studies returns to “do-nothing” portfolios constructed...

Below is a weekly summary of our research findings for 7/13/26 through 7/17/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

Is the evolving set of artificial intelligence (AI) platforms based on large language models interesting for selection of stocks that are deeply undervalued? Are they monolithic, or diverse? As a simple exploration, we pose to...

The 2024 S&P Indices Versus Active (SPIVA) Scorecard finds that a supermajority of active U.S. funds underperform respective benchmarks. Is that finding representative of investor experience? In the May 2026 draft of their paper entitled...

What do the latest S&P Indices Versus Active (SPIVA) Scorecards say about active management investing expertise? In the “SPIVA U.S. Year-End 2025” Scorecard, Anu Ganti, Davide Di Gioia, Nick Didio and Liam Flaherty review the...

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

Can artificial intelligence (AI) in the form of large language models (LLM) improve upon existing methods to explain stock returns around earnings announcements? In the June 2026 version of their paper entitled “Assessing the Benefits...

How should investors think about active exchange-traded funds (ETF)? In their February 2026 paper entitled “The Fast-Growing Market of Active ETFs”, Rachel Li and Nadia Winn review the state of active ETFs. They consider only...

Below is a weekly summary of our research findings for 7/6/26 through 7/10/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

Under what conditions does equity market time series momentum (TSMOM) work and not work? In their June 2026 paper entitled “Boundaries of Time Series Momentum”, Matti Suominen and Erik Hjalmarsson examine performance of equity market...

Has the strong shift in investor flows from active funds to passive funds unexpectedly contributed to a decline in performance of the former? In her June 2026 paper entitled “Passive Flows, Active Woes: Passive Investing...

Considerable research investigates investor disagreement, measured with very different observable metrics (proxies), as an asset return predictor. Is this research coherent? In their June 2026 paper entitled “Measuring Investor Disagreement: Proxies, Pitfalls, and a Path...

Can large language models (LLM) simulate market-scale, real-time business sentiment from the Chief Financial Officer (CFO) perspective? In their June 2026 paper entitled “CFOs Meet LLMs”, John Graham, Campbell Harvey and Manish Jha use an...

Is the evolving set of artificial intelligence (AI) platforms based on large language models interesting as a recommender of investment managers/advisors? Are they monolithic, or diverse? As a simple exploration, we pose to each of...

Below is a weekly summary of our research findings for 6/29/26 through 7/2/26. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to...

What does a passive U.S. equity investor keep after paying federal taxes? In the May 2026 version of his paper entitled “Uncle Sam’s Cut: A Century of the Federal Tax Drag on US Equity Returns”,...

The conventional Cyclically Adjusted Price-Earnings ratio (CAPE), or P/E10, divides current real S&P 500 Index level by average annual aggregate real index earnings as reported over the prior 10 years. Is there a more useful...

We have updated monthly allocations and performance data for the Simple Asset Class ETF Momentum Strategy (SACEMS) and the Simple Asset Class ETF Value Strategy (SACEVS). We have also updated performance data for the Combined...

The home page, Simple Asset Class ETF Momentum Strategy (SACEMS) and Simple Asset Class ETF Value Strategy (SACEVS) now show preliminary positions for July 2026. SACEMS rankings probably will not change by the close. SACEVS...